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TABLE OF CONTENTS <br />Page <br />ARTICLE I DEFINITIONS................................................................................................. 1 <br />Section1.1 Definitions............................................................................................ 1 <br />ARTICLE II <br />REPRESENTATIONS AND WARRANTIES ................................................ 3 <br />Section 2.1 <br />Representations and Warranties of the City ......................................... 3 <br />Section 2.2 <br />Representations and Warranties of the Developer ............................... 3 <br />ARTICLE III <br />UNDERTAKINGS BY DEVELOPER AND CITY ....................................... 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 />" <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 />7 <br />ARTICLE N <br />EVENTS OF DEFAULT................................................................................. <br />8 <br />Section 4.1 <br />Events of Default Defined................................................................... <br />8 <br />Section 4.2 <br />Remedies on Default............................................................................ <br />8 <br />Section 4.3 <br />No Remedy Exclusive.......................................................................... <br />8 <br />Section 4.4 <br />No Implied Waiver.............................................................................. <br />8 <br />Section 4.5 <br />Agreement to Pay Attorney's Fees and Expenses ............................... <br />9 <br />Section 4.6 <br />Release and Indemnification Covenants .............................................. <br />9 <br />ARTICLE V ADDITIONAL PROVISIONS... .................................. ................................ <br />10 <br />Section 5.1 <br />Conflicts of Interest ...................... <br />Section 5.2 <br />Titles of Articles and Sections........................................................... <br />10 <br />Section 5.3 <br />Notices and Demands........................................................................ <br />10 <br />Section 5.4 <br />Counterparts....................................................................................... <br />10 <br />Section5.5 <br />Law Governing.................................................................................. <br />10 <br />Section5.6 <br />Duration............................................................................................. <br />I I <br />Section 5.7 <br />Provisions Surviving Rescission or Expiration .................................. <br />11 <br />2045533v4 <br />-1- <br />