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TABLE OF CONTENTS <br /> Page <br /> ARTICLE I DEFINITIONS............................................................................................. 1 <br /> Section 1.1 Definitions........................................................................................ 1 <br /> ARTICLE II REPRESENTATIONS AND WARRANTIES ............................................. 3 <br /> Section 2.1 Representations and Warranties of the City....................................... 3 <br /> Section 2.2 Representations and Warranties of the Developer ............................. 3 <br /> ARTICLE III UNDERTAKINGS BY DEVELOPER AND CITY...................................... 5 <br /> Section 3.1 Construction of Project and Reimbursement of Tax Abatement <br /> PropertyCost.................................................................................... 5 <br /> Section 3.2 Limitations on Undertaking of the City............................................. 5 <br /> Section 3.3 Commencement and Completion of Construction............................. 5 <br /> Section 3.4 Damage and Destruction................................................................... 5 <br /> Section 3.5 Change in Use of Project .................................................................. 5 <br /> Section 3.6 Prohibition Against Transfer of Project and Assignment of <br /> Agreement........................................................................................ 5 <br /> Section 3.7 Real Property Taxes.......................................................................... 6 <br /> Section 3.8 Business Subsidies Act..................................................................... 6 <br /> Section 3.9 Duration of Abatement Program....................................................... 8 <br /> ARTICLE IV EVENTS OF DEFAULT.............................................................................. 9 <br /> Section 4.1 Events of Default Defined................................................................. 9 <br /> Section 4.2 Remedies on Default......................................................................... 9 <br /> Section 4.3 No Remedy Exclusive ...................................................................... 9 <br /> Section 4.4 No Implied Waiver........................................................................... 9 <br /> Section 4.5 Agreement to Pay Attorney's Fees and Expenses............................ 10 <br /> Section 4.6 Release and Indemnification Covenants.......................................... 10 <br /> ARTICLE V ADDITIONAL PROVISIONS................................................................... 11 <br /> Section 5.1 Conflicts of Interest........................................................................ 11 <br /> Section 5.2 Titles of Articles and Sections......................................................... 11 <br /> Section 5.3 Notices and Demands ..................................................................... 11 <br /> Section5.4 Counterparts................................................................................... 11 <br /> Section 5.5 Law Governing............................................................................... 11 <br /> Section5.6 Duration ......................................................................................... 12 <br /> Section 5.7 Provisions Surviving Rescission or Expiration................................ 12 <br /> -i- <br /> 4613440 JSB EL185-32 <br />