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1987-114-RES WHEREAS, the City Council of the City of Paris did heretofore on the 8th day of July, 1985, in Resolution
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1987-114-RES WHEREAS, the City Council of the City of Paris did heretofore on the 8th day of July, 1985, in Resolution
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8/18/2006 4:34:33 PM
Creation date
5/31/2005 2:16:15 PM
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CITY CLERK
Doc Name
1987
Doc Type
Resolution
CITY CLERK - Date
10/19/1987
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<br />CONSENT TO ASSIGNMENT <br /> <br />Northern Telecom Finance Corporation <br />Northern Telecom Plaza <br />220 Athens Hay <br />Nashville, Tennessee 37228-1399 <br /> <br />Security Pacific National Bank <br />Security Pacific Plaza <br />40 East 52nd Street <br />New York, New York 10022 <br /> <br />City of Paris (the "Lessee") hereby acknowledges the <br /> <br />receipt of notice from Northern Telecom Finance Corporation <br /> <br />("NTFC") that NTFC has assigned its rights and interest under <br /> <br />Lease Number 35795 (the "Lease") to Security Pacific National <br /> <br />Bank (the "Bank"). Lessee hereby consents to such assignment. <br /> <br />In accordance with Section 14 of Schedule A to the Lease, <br /> <br />Lessee (al reaffirms its agreements, representations, and <br /> <br />warranties set forth in the Lease, (b) acknowledges that Exhibit <br /> <br />E hereto is a true and correct payment schedule under the Lease; <br /> <br />(c) represents and warrants that the Equipment covered by the <br /> <br />Lease is still of essential use to Lessee, and (d) agrees to make <br /> <br />Rent payments and all other payments due under the Lease directly <br /> <br />to the Bank. <br /> <br />IN WITNESS WHEREOF, Lessee has caused this Consent to be <br /> <br />19th <br /> <br />day of <br /> <br />by its duly <br />October <br /> <br />authorized officer this <br /> <br />executed and delivered <br /> <br />, 1987. <br /> <br />LESSEE: <br /> <br />CITY OF PARIS <br /> <br />ATTEST: <br /> <br />By: <br /> <br />Billy Joe Burnett, <br />Ti tle: Mayor <br /> <br />Mattie Cunningham, City Clerk <br /> <br />oaoTc::.l <br />
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