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consent of the Registered Owner or the Developer. <br /> [5] This Note shall terminate and be of no further force and effect on any <br /> date upon which the HRA shall have terminated the Development Agreement or on <br /> the last Payment Date following payment thereon of the amounts due hereon, <br /> whichever occurs earliest. <br /> [6] The HRA makes no representation or covenant, express or implied, that <br /> the revenues described herein will be sufficient to pay, in whole or in part, the <br /> amounts which are or may otherwise become due and payable hereunder. Any <br /> amounts which have not become due and payable on this Note on or before the final <br /> Payment Date or Additional Payment Date, as the case may be, shall no longer be a <br /> debt or obligation of the HRA whatsoever. <br /> [7] The HRA's payment obligations hereunder shall be further conditioned <br /> on the Developer's compliance with the terms and conditions of the Development <br /> Agreement and on the fact that there shall not at the time have occurred and be <br /> continuing an Event of Default under the Development Agreement, and, further, if <br /> pursuant to the occurrence of an Event of Default under the Development Agreement <br /> the HRA duly elects to terminate the Development Agreement pursuant to its terms, <br /> the HRA shall have no further debt or obligation under this Note whatsoever; <br /> provided that if, pursuant to an Event of Default, the HRA elects pursuant to Section <br /> 7.2 of the Development Agreement to withhold payment otherwise due hereon, said <br /> suspended payment shall become payable hereon upon cure of the Event of Default. <br /> Reference is hereby made to the provisions of the Development Agreement for a fuller <br /> statement of the obligations of the Developer and of the rights of the HRA thereunder, <br /> and said provisions are hereby incorporated by reference into this Note to the same <br /> extent as though set out in full herein. The execution and delivery of this Note by the <br /> HRA, and the acceptance thereof by the initial Registered Owner hereof, shall <br /> conclusively establish this Note as the "TIF Note" (and shall conclusively constitute <br /> discharge of the HRA's obligation to issue and deliver the same) under the <br /> Development Agreement. <br /> [8] This Note is a special and limited revenue obligation but not a general <br /> or moral obligation of the HRA and is payable by the HRA only from the sources and <br /> subject to the qualifications and limitations stated or referenced herein. Neither the <br /> full faith and credit nor the taxing powers of the HRA are pledged to or available for <br /> the payment of this Note, and no property or other asset of the HRA, save and except <br /> the above referenced Available Tax Increments, is or shall constitute a source of <br /> payment of the HRA's obligations hereunder. <br /> [9] This Note is issued by the HRA in aid of financing a project pursuant to <br /> and in full conformity with the Constitution and laws of the State of Minnesota, <br /> including Minnesota Statutes, Sections 469.174 through 469.179, and including <br /> specifically but without limitation Section 469.178, Subdivision 4, thereof. <br /> [10] This Note may be assigned but upon such assignment the assignor shall <br /> promptly notify the BRA thereof in writing, and the assignee shall surrender this Note <br /> to the HRA either in exchange for a new fully registered note or for transfer of this <br /> Note on the registration records for the Note maintained by the HRA. As a condition <br /> to any such transfer, the transferee shall have delivered to the HRA an executed <br />