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2000-266F
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2000-266F
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Last modified
7/18/2024 3:19:27 PM
Creation date
7/16/2024 11:00:56 AM
Metadata
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Template:
Official Documents
Official Document Type
Agreement
Approved Date
09/07/2000
Control Number
2000-266F
Agenda Item Number
10.B.6.
Entity Name
Dodgertown
Los Angeles Dodgers, Inc.
Subject
Capital Reserve Account Agreement
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4 <br />(c) In the event any provision of this Capital Reserve Account Agreement shall be held invalid <br />or unenforceable by any court of competent jurisdiction, such holding shall not invalidate or render <br />unenforceable any other provisions hereof. <br />(d) 7itis Capital Reserve Account Agreement shall inure to the benefit of and shall be binding <br />upon the parties hereto and their respective successors and assigns. <br />(e) This Capital. Reserve Account Agreement may be executed in several counterparts, each <br />of which shall be an original and all of which shall constitute one and the same instrument (a party may <br />execute a copy of this Agreement and deliver it by facsimile transmission; provided however, that any such <br />party shall promptly deliver an original signed copy of this Agreement). <br />(0 All notices to be given under this Capital Reserve Account Agrecmcnt shall be made in <br />writing and shall be deemed delivered when delivered by hand or by overnight courier delivery service, to <br />the other party at its address set forth opposite its signature below or at such address as the party may <br />provide in writing from time to time. <br />9. The Capital Reserve Account Agent may resign and be discharged of its duties hereunder <br />by exccutang an instrument in writing specifying the date when such resignation shall take effect, and filing <br />the same with the County and the Dodgers not less than -Estixtp (60)� tl&-ty [ } days before the elate when <br />such resi6piation shall take cffecr, provided, that such resignation shall not be effective unless a new capital <br />reserve account agent shall have accepted appointment hereunder. <br />10. 77te Capital Reserve Account Agent may be removed by agreement of the County and <br />the Dodgers at any time by an instrument in whiting, filed with the Capital Reserve Account Agent not less <br />than *sixty-f66j* hirt days before the date when such removal shall take effect. No removal of <br />the Capital Reserve Account Agent shall be effective until a successor has been appointed and agreed to <br />serve hereunder. <br />1 l . Following die resignation or removal of the Capital Reserve Account Agent, a successor <br />escrow agent, acceptable to the Dodgers, shall be appointed by the County. Any such successor escrow <br />agent shall be a national banking association or other banking institution with trust powers qualified to act <br />as the capital reserve account agent hereunder under the laws of the State of Florida and shall affirmatively <br />agree to hold the Capital Reserve ACefiurtt in accordance with the terms hcreoi <br />12. Z7 is Capital Reserve Account Agreement shall terminate upon disbutscment of all fonds <br />in the Capital Reserve Account in accordance with Section 3 hereof. <br />13. Capital Reserve Account Agent shall not be required to recognize any other agreement <br />
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