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HomeMy WebLinkAboutC2011-277 - 8/8/2011 - NANotice of and Request for Consent to Assignment July 20, 2011 City of Corpus Christi, TX P.O. Box 9277 Corpus Christi, TX 78469 Attn: Dorthwea Montoya Tel: 361- 880 -3619 Re: Assignment of certain Schedules set forth on Exhibit A hereto (collectively, the "Leases ") to the Master Lease Purchase Agreement dated October 25, 2005, as amended (the "Agreement ") (the Leases, and the Agreement to the extent it relates to the Leases are collectively, the "Contracts ") between the City of Corpus Christi, TX (`Borrower ") and Banc of America Public Capital Corp ( "Assignor ") You are hereby notified of, and your consent is requested as such relates to, Assignor's sale, assignment and transfer to SunTrust Equipment Finance & Leasing Corp. ( "Assignee ") on or about July 29, 2011 (the "Effective Date ") of all of its right, title, interest and obligations in, to and under the Contracts, and the related certificates, instruments and agreements executed in connection therewith (collectively, the "Related Documents "). This notice and consent is required under Section 11.1 of the Master Lease Purchase Agreement and does not change any of the terms, covenants or conditions of the Contracts or the payment schedule thereunder. Assignee agrees to comply with the terms of the Leases from and after the Effective Date. By execution below, Borrower acknowledges and agrees that from and after the Effective Date, Borrower will deliver all payments and copies of all notices and other communications given or made by Borrower with respect to the Contracts and Related Documents to Assignee as set forth below: For Payments: By Wire Transfer: By Mail: By Overnight Courier: Bank Name: SunTrust Bank ABA/Routing: 061000104 Acct. Name: SunTrust Equipment Finance & Leasing Corp. Account #: 201- 150 -263 SunTrust Equipment Finance & Leasing Corp. P.O. Box 79194 Baltimore, MD 21279 -0194 SunTrust Equipment Finance & Leasing Corp. 300 E. Joppa Rd, Suite 700 Towson, MD 21286 For Notices and Correspondence: SunTrust Equipment Finance & Leasing Corp. 300 E. Joppa Rd, Suite 700 Towson, MD 21286 2011 -277 08/08/11 Banc of America Public Cap. Corp Corpus Christi 3039657 02 olv3.doc 3605524 INDEXED City of Corpus Christi, TX July 20, 2011 Page 2 Please acknowledge your consent and agreement to the assignment described herein by signing below and returning a copy of this notice and consent to Assignor before the Effective Date. Ackn CIT By: Name BANC OF AME CA PUBLIC CAPITA Assignor By: Name: Lauren N. Cockett, Authorized Agent Telecopier: 415.765.7373 Dated: July 20, 2011 4 • L C 1 � �S Approved as .. , CAScw� Title: 0- 1'f !� Malt -per- SUNTRUST E UIPMENT FINANCE & LEASING CO By: Name: Title: 1 Lisa Agl�d r A SSi stant tty Attorney For City Attorney Corpus Christi_3039657 02 Ol v3.doc 3605524 t Exhibit A City of Corpus Christi, TX Schedules to the Master Lease Purchase Agreement dated October 25, 2005, as amended, between the City of Corpus Christi, TX, as borrower and/or lessee, and Banc of America Public Capital Corp, as lessor 1 2 3 4 Schedule 41 to that certain Master Lease Purchase Agreement dated October 25, 2005 64357 Schedule 45 to that certain Master Lease Purchase Agreement dated October 25, 2005 66197 Schedule 56 to that certain Master Lease Purchase Agreement dated 69334 October 25, 2005 Schedule 59 to that certain Master Lease Purchase Agreement dated October 25, 2005 69603 Corpus Christi 02 01v3.doc 3605524