Agenda - Council - 07/12/2022 - Laserfiche WebLink

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If to the Charter School: PACT Charter School 7250 East Ramsey Parkway Ramsey, MN 55303 Attn: Email: With a copy to: Dorsey& Whitney LLP Suite 1500 50 South Sixth Street Minneapolis, MN 55402 Attn: Rhonda Skoby Email: skoby.rhondagdorsey.com A duplicate copy of each notice, certificate, or other communication given hereunder by the Issuer or the Company shall also be given to the Original Purchaser. Any person named above may, by written notice given hereunder, designate any further or different addresses to which subsequent notices, certificates, or other communications shall be delivered, mailed, electronically mailed or telecopied. All notices, approvals, consents, requests, and any communications to the Trustee hereunder must be in writing in English and must be in the form of a document that is signed manually or by way of an electronic signature (as defined in Section 11.11 hereof). Electronic signatures believed by the Trustee to comply with the ESIGN ACT of 2000, or other applicable law shall be deemed original signatures for all purposes. If the Charter School chooses to use electronic signatures to sign documents delivered to the Trustee, the Charter School agrees to assume all risks arising out of its use of electronic signatures, including without limitation the risk of the Trustee acting on an unauthorized document and the risk of interception or misuse by third parties. Notwithstanding the foregoing, the Trustee may in any instance and in its sole discretion require that an original document bearing a manual signature be delivered to the Trustee in lieu of, or in addition to, any document signed via electronic signature. Notwithstanding any provision of this Loan Agreement to the contrary, in the case of any provision of this Loan Agreement providing for the consent or approval of any Bondholder or of the Trustee, the Company hereby acknowledges and agrees that the granting, approval, rejection or withholding of any requested consent,waiver or authorization to take or refrain from taking any action contemplated or required hereunder may be withheld or granted in the Trustee's or any Bondholder's sole and absolute discretion. Section 11.3 Bindinu Effect. This Loan Agreement shall inure to the benefit of and shall be binding upon the Issuer, the Company, the Trustee, the Bondholders of the Bonds, and their respective successors and assigns, subject,however,to the limitations contained in Sections 2.2(b) and 8.1 of this Loan Agreement. Section 11.4 Severability. In the event any provision of this Loan Agreement shall be held invalid or unenforceable by any court of competent jurisdiction, such holding shall not invalidate or render unenforceable any other provision hereof. 43 730911770