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172981943v5 <br /> <br /> <br /> 25 <br /> <br />ARTICLE VII <br /> <br />GENERAL <br />Section 7.1 Notices. All notices, certificates or other communications hereunder shall <br />be sufficiently given and shall be deemed given when hand delivered or sent by certified or <br />registered United States mail, return receipt requested, postage prepaid, with proper address as <br />indicated below, or by commercial overnight delivery service with tracking service, postage <br />prepaid, with proper address as indicated below. The City, the Borrower and the Lender may, by <br />written notice given by each to the others, designate any address or addresses to which notices, <br />certificates or other communications to them shall be sent when required as contemplated by this <br />Agreement. Until otherwise provided by the respective parties, all notices, certificates and <br />communications to each of them shall be addressed as follows: <br />To the City: City of Hugo, Minnesota <br />14669 Fitzgerald Avenue North <br />Hugo, Minnesota 55038 <br />Attn: City Administrator <br />To the Borrower: Legacy Christian Academy <br />3037 Bunker Lake Blvd NW <br />Andover, Minnesota 55304 <br />Attn: Head of School <br />To the Lender: Falcon National Bank <br />905 6th Avenue Court NE <br />Isanti, Minnesota 55040 <br />Attn: Loan Department <br />Section 7.2 Binding Effect. This Agreement shall inure to the benefit of and shall be <br />binding upon the City and the Borrower and their respective successors and assigns. <br />Section 7.3 Severability. In the event any provision of this Agreement shall be held <br />invalid or unenforceable by any court of competent jurisdiction, such holding shall not invalidate <br />or render unenforceable any other provision hereof. <br />Section 7.4 Amendments, Changes and Modifications. Except for amendments made <br />to Sections 4.7, 4.8, 4.9, 4.10 and 4.14, which amendments may be made by the Borrower and the <br />Lender without the approval or consent of the City, and except as otherwise provided in this <br />Agreement or in the Resolution, subsequent to the Closing date and before the Note is satisfied <br />and discharged in accordance with its terms, this Agreement may not be effectively amended, <br />changed, modified, altered, or terminated without the prior written consent of the Lender. <br />Section 7.5 Execution Counterparts. This Agreement may be simultaneously executed <br />in several counterparts, each of which shall be an original and all of which shall constitute but one <br />and the same instrument.