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2024-073
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2024-073
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Last modified
4/4/2024 11:53:49 AM
Creation date
4/4/2024 11:50:25 AM
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Template:
Official Documents
Official Document Type
Agreement
Approved Date
03/19/2024
Control Number
2024-073
Agenda Item Number
15.B.2.
Entity Name
Nopetro Eco District, LLC
Subject
Consent and Agreement with Pathward, NA for Nopetro’s Landfill Gas Construction Loan
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e. All warranties under the Assigned Agreement will absolutely, irrevocably and <br />unconditionally be in effect on and after the date hereof <br />f The Grant of Non -Exclusive Easement for Landfill Gas Equipment and Pipeline <br />dated March 5, 2024, by and between the Consenting Party and the Project Company (the <br />"Easement") is in full force and effect and has not been modified, restated, cancelled, <br />supplemented, surrendered, or terminated. <br />g. To Consenting Party's knowledge, Project Company has fulfilled all of its <br />obligations under the Easement now due and owing, including without limitation, payment of all <br />fees due and payable on or before the date hereof, and there are no uncured defaults or events of <br />default of Project Company with respect to the Easement. <br />h. Consenting Party has neither given nor received any notice of default, event of <br />default or termination of the Easement. Project Company has neither given nor received any <br />notice of default, event of default or termination of the Easement. There are no facts or <br />circumstances, which with the giving of notice or lapse of an applicable cure period, or both, <br />would constitute a breach or default under the Easement. <br />i. Project Company has informed Consenting Party that Project Company has <br />granted a first -priority lien and security interest in the Project Company's easement interest estate <br />in the Easement Property under the Easement to the Financing Party to secure the repayment of <br />the loans and other financial accommodations made under the Operative Documents. For the <br />avoidance of doubt, the Consenting Party will not be granting any security interest or lien in the <br />Easement. <br />8. Notices. All communications between the parties hereto or notices provided herein to be <br />given may be given to the addresses listed on Schedule I hereto, or as otherwise designated in <br />writing by a party, and any notice required or given hereunder shall be deemed properly given <br />when provided in writing three (3) business days after mailed first class, overnight, or certified <br />mail, return receipt requested, postage prepaid, addressed to the designated recipient. <br />9. Governing Law, Submission to Jurisdiction; Waiver of Jury Trial. THIS CONSENT AND <br />AGREEMENT SHALL IN ALL RESPECTS BE GOVERNED BY, AND CONSTRUED IN <br />ACCORDANCE WITH, THE LAWS OF THE STATE OF FLORIDA WITHOUT REFERENCE <br />TO CONFLICT OF LAW PROVISIONS. EACH PARTY CONSENTS TO THE EXCLUSIVE <br />JURISDICTION OF ANY STATE OR FEDERAL COURT OF COMPETENT JURISDICTION <br />SITTING IN THE COUNTY OF INDIAN RIVER, STATE OF FLORIDA, IN ANY ACTION <br />TO RESOLVE ANY CONTROVERSY OR CLAIM ARISING OUT OF THIS ASSIGNED <br />AGREEMENT; AGREES THAT ALL CLAIMS IN SUCH ACTION MAY BE DECIDED IN <br />ANY SUCH COURT; WAIVES, TO THE FULLEST EXTENT IT MAY EFFECTIVELY DO <br />SO, THE DEFENSE OF AN INCONVENIENT FORUM; AND CONSENTS TO THE SERVICE <br />OF PROCESS UPON THE OFFICE OF THE COUNTY ATTORNEY BY REGISTERED OR <br />CERTIFIED MAIL (OR ANY SUBSTANTIALLY SIMILAR FORM OF MAIL), POSTAGE <br />PREPAID AND RETURN RECEIPT REQUESTED. NOTHING HEREIN SHALL AFFECT <br />THE RIGHT OF ANY PARTY TO EFFECT SERVICE OF PROCESS IN ANY OTHER <br />[001 10049.4) 5 <br />
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