Nashua Performing Arts Center -- NMTC Term Sheet Confidential
October 14, 2020
WAIVER OF JURY TRIAL. EACH OF INVESTOR, PROJECT SPONSOR AND BORROWER
IRREVOCABLY WAIVES ANY AND ALL RIGHTS IT MAY HAVE TO A TRIAL BY JURY IN
ANY ACTION, PROCEEDING OR CLAIM OF ANY NATURE RELATING TO THIS TERM
SHEET, ANY DOCUMENTS EXECUTED IN CONNECTION WITH THIS TERM SHEET, OR
ANY TRANSACTION CONTEMPLATED IN ANY OF SUCH DOCUMENTS, EACH OF
BORROWER, PROJECT SPONSOR AND INVESTOR ACKNOWLEDGES THAT THE
FOREGOING WAIVER 1S KNOWING AND VOLUNTARY.
Thank you for giving Mascoma Bank the opportunity to present these preliminary terms of the tax credit
financing of your project. While these terms are subject to credit approval, we will seek such approval
quickly in order to meet your project timeline.
If the terms of this Term Sheet are acceptable to you, we ask that you return to us an executed copy of this
Term Sheet by 5:00 p.m. Eastern Time on October 26, 2020 (the “Term Sheet Expiration Date”).
Failure to deliver an executed copy of this Term Sheet to Investor by the Term Sheet Expiration Date
shall result in the expiration of this Term Sheet and any offer of commitment set forth therein shall
become null and void. As stated above, by execution of this Term Sheet, Project Sponsor hereby agrees
that it has a binding and enforceable obligation to pay (i) the Deposit and (ii) Transaction Costs in
accordance with the terms and provisions of this Term Sheet.
Bh the
Term Sheet Offered this “° day of October, 2020 by:
INVESTOR:
MASCOMA BANK,
a benefit corporation organized and existing
under the laws of the State of New Hampshire
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Title: Spa oe
Please indicate your acceptance of the terms above by signing and returning an original copy of this Term
Sheet to us prior to the expiration date of the offer,
Accepted this day of October, 2020
PROJECT SPONSOR:
33231393
