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CC PACKET 07121988
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CC PACKET 07121988
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Last modified
12/30/2015 4:31:02 PM
Creation date
12/30/2015 4:30:38 PM
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SP Box #
18
SP Folder Name
CC PACKETS 1987-1989
SP Name
CC PACKET 07121988
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, <br /> • (g) consent to or waive any breach of, or any act, <br /> omission or default under, the Redevelopment Contract. <br /> 4 . No invalidity, irregularity or unenforceability of <br /> all or any part of the Guarantied Obligations or of any <br /> security therefor or other recourse with respect thereto shall <br /> affect, impair or be a defense to this Guaranty and this <br /> Guaranty is a primary obligation of the Guarantor. <br /> 5 . If and to the extent that the Guarantor makes, any <br /> payment to. HRA or to any other person pursuant to or in respect <br /> of this Guaranty, any claim which the Guarantor may have <br /> against Redeveloper by. reason thereof, whether by right of <br /> subrogation or otherwise, shall be subject and subordinate as <br /> to lien, time of payment and in all other respects to the prior <br /> • payment in full of all of the Guarantied Obligations and all <br /> other obligations of Redeveloper to HRA. <br /> 6 . Notwithstanding any other term or provision <br /> hereof, if claim is ever made upon HRA for repayment or <br /> recovery of any amount or amounts received by it from <br /> Redeveloper .or any other claimant (excluding the Guarantor) in <br /> payment of or on account of any of the Guarantied Obligations <br /> and HRA is required to repay all or any part of said amount by <br /> reason of (i) any judgment, decree or order of any court or <br /> administrative body having jurisdiction over HRA or any of its <br /> property, or (ii) any settlement or compromise of any such <br /> claim effected -by HRA with any such claimant (including <br /> • <br /> -4- <br />
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