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Reso 2017-2730
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Reso 2017-2730
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Last modified
9/29/2017 11:00:36 AM
Creation date
9/29/2017 10:46:50 AM
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CityClerk-Resolutions
Resolution Type
Resolution
Resolution Number
2017-2730
Date (mm/dd/yyyy)
09/21/2017
Description
Ratify 1st Amend to Triple Net Leaseback Agmt w/Beach Club Acquisition, LLC
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With a copy to: Bank of the Ozarks <br /> 6111 and Commercial <br /> P.O. Box 196 <br /> Ozark, Arkansas 72949 <br /> Attn: Regina Barker <br /> With a copy to: Winstead PC <br /> 500 Winstead Building <br /> 2728 N. Harwood Street <br /> Dallas,Texas 75201 <br /> Attn: Kevin A. Sullivan" <br /> 4. Ratification. Except as expressly amended by this Amendment, all other terms, <br /> conditions and provisions of the Lease Agreement are hereby ratified and confirmed and shall <br /> continue in full force and effect. <br /> 5. Representations. Landlord and Tenant hereby represent to each other that (i) it is <br /> not in default of any of its obligations under the Lease Agreement and that such Lease <br /> Agreement is valid, binding and enforceable in accordance with its terms; (ii) it has full power <br /> and authority to execute and perform this Amendment; and (iii) it has taken all action necessary <br /> to authorize the execution and delivery of this Amendment. <br /> 6. Miscellaneous. This Amendment(i)shall be binding upon and inure to the benefit <br /> of the parties hereto and their respective successors and assigns (subject to the restrictions on <br /> assignments set forth in the Lease Agreement); (ii) shall be governed by and construed in <br /> accordance with the laws of the State of Florida; and (iii) may be executed in multiple <br /> counterparts, each of which shall constitute one and the same agreement. This Amendment <br /> contains and embodies the entire agreement of the parties hereto with respect to the matters set <br /> forth herein, and supersedes and revokes any and all negotiations, arrangements, letters of intent, <br /> representations, inducements or other agreements, oral or in writing with respect to such matters. <br /> [SIGNATURE PAGES FOLLOW] <br /> d4;)Error! Unknown document property name. <br /> I <br />
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