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TABLE OF CONTENTS <br />Page <br />ARTICLE I DEFINITIONS..............................................•.................................................. I <br />Section 1.1 Definitions ........................ <br />ARTICLE II <br />REPRESENTATIONS AND WARRANTIES ................................................ 3 <br />Section 2.1 <br />Representations and Warranties of the City ......................................... <br />3 <br />Section 2.2 <br />Representations and Warranties of the Developer ............................... <br />3 <br />ARTICLE III <br />UNDERTAKINGS BY DEVELOPER AND CITY ....................................... <br />5 <br />Section 3.1 <br />Construction of Project and Reimbursement of Tax Abatement <br />PropertyCost...........................•--........................................................ <br />5 <br />Section 3.2 <br />Limitations on Undertaking of the City ............................................... <br />5 <br />Section 3.3 <br />Commencement and Completion of Construction ............................... <br />5 <br />Section 3.4 <br />Damage and Destruction...................................................................... <br />5 <br />Section 3.5 <br />Change in Use of Project..................................................................... <br />5 <br />Section 3.6 <br />Prohibition Against Transfer of Project and Assignment of <br />Agreement................. ........................................................................... <br />5 <br />Section 3.7 <br />Real Property Taxes............................................................................. <br />6 <br />Section 3.8 <br />Business Subsidies Act........................................................................ <br />6 <br />Section 3.9 <br />Duration of Abatement Program.......................................................... <br />8 <br />ARTICLE IV EVENTS OF DEFAULT................................................................................. <br />9 <br />Section 4.1 <br />Events of Default Defined.................................................................. 9 <br />Section 4.2 <br />Remedies on Default............................................................................ 9 <br />Section 4.3 <br />No Remedy Exclusive.......................................................................... 9 <br />Section 4.4 <br />No Implied Waiver.............................................................................. <br />9 <br />Section 4.5 <br />Agreement to Pay Attorney's Fees and Expenses ............................. <br />10 <br />Section 4.6 <br />Release and Indemnification Covenants ............................................ <br />10 <br />ARTICLE V ADDITIONAL PROVISIONS............................................................. <br />Section 5,1 Conflicts of Interest ............................... <br />Section 5.2 Titles of Articles and Sections ................................................... <br />Section 5.3 Notices and Demands................................................................ <br />Section 5.4 Counterparts............................................................................... <br />Section 5.5 Law Governing.......................................................................... <br />Section5.6 Duration..................................................................................... <br />Section 5.7 Provisions Surviving Rescission or Expiration .......................... <br />-i- <br />4613440 JSB L -'L195-32 <br />