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Reso 2013-2030
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Reso 2013-2030
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Last modified
2/27/2013 11:48:09 AM
Creation date
2/27/2013 11:48:07 AM
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Template:
CityClerk-Resolutions
Resolution Type
Resolution
Resolution Number
2013-2030
Date (mm/dd/yyyy)
02/21/2013
Description
Promissory Note w/18555 Developers, LLC/Porsche Project.
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This Note shall be prepayable, in whole or in part. at any time and from time to time <br /> without premium or penalty at the sole option of the Maker, with the amount of the prepayment <br /> being credited first in respect of accrued but unpaid interest and second in respect of principal. <br /> No invalid provisions of this Note shall affect or impair any other provision. Maker <br /> and each endorser, surety and guarantor acknowledge receipt of a completed copy of this <br /> Note. <br /> MAKER AND PAYEE, EACH AFTER CONSULTATION WITH FLORIDA <br /> COUNSEL, KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVE ANY <br /> RIGHT EACH MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION <br /> ARISING OUT OF. UNDER, OR IN CONNECTION WITH THIS NOTE, OR THE <br /> TRANSACTIONS OR OBLIGATIONS UNDER WHICH THIS NOTE WAS DELIVERED. <br /> OR ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENT (WHETHER <br /> ORAL OR WRITTEN) OR ACTIONS OF ANY PARTY RELATING TO THIS NOTE. <br /> MAKER AND PAYEE EACH ACKNOWLEDGE THAT THE PROVISIONS OF THIS <br /> PARAGRAPH ARE A MATERIAL INDUCEMENT TO PAYEE'S ACCEPTANCE OF <br /> THIS NOTE AND MAKER AGREEING TO TERMS OF THIS NOTE. <br /> No amendment, modification, waiver or discharge of this Note, or any provision of <br /> this Note, shall be valid or effective unless in writing and signed by Payee and Maker. <br /> This Note shall be construed in accordance with the internal laws of the State of Florida, <br /> exclusive of its choice of law principles, and any suit, action or proceeding arising out of <br /> or relating to this Note must be commenced and maintained in a court of competent subject <br /> matter jurisdiction in Miami-Dade County, Florida and Maker consents to such jurisdiction <br /> and venue and waives all objections (including, without limitation,forum non conveniens) <br /> thereto. Maker agrees to pay the City's attorney's fees and costs if the City has to file any <br /> legal action to enforce the Note. <br /> MAKER: <br /> 18555 Developers, LLC <br /> By: <br /> Gil Dezer, Manager <br /> Promissory Note— 18555 Developers. LLC <br />
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