7.3 SR 03-01-2021 - Laserfiche WebLink

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TABLE OF CONTENTS Page ARTICLE I DEFINITIONS............................................................................................. 1 Section 1.1 Definitions........................................................................................ 1 ARTICLE II REPRESENTATIONS AND WARRANTIES ............................................. 4 Section 2.1 Representations and Warranties of the City ....................................... 4 Section 2.2 Representations and Warranties of the Developer ............................. 4 ARTICLE III UNDERTAKINGS BY DEVELOPER AND CITY ...................................... 6 Section 3.1 Construction of Project and Reimbursement of Project Cost ............. 6 Section 3.2 Limitations on Undertaking of the City ............................................. 6 Section 3.3 Commencement and Completion of Construction ............................. 6 Section 3.4 Damage and Destruction................................................................... 6 Section 3.5 Change in Use of Project.................................................................. 6 Section 3.6 Prohibition Against Transfer of Project and Assignment of Agreement........................................................................................ 6 Section 3.7 Real Property Taxes.......................................................................... 7 Section 3.8 Business Subsidy Act........................................................................ 8 Section 3.9 Abatement Program.......................................................................... 9 Section 3.10 Legal and Administrative Expenses ................................................ 10 ARTICLE IV EVENTS OF DEFAULT............................................................................ 11 Section 4.1 Events of Default Defined............................................................... 11 Section 4.2 Remedies on Default....................................................................... 11 Section 4.3 No Remedy Exclusive.................................................................... 11 Section 4.4 No Implied Waiver......................................................................... 12 Section 4.5 Agreement to Pay Attorney's Fees and Expenses ............................ 12 Section 4.6 Release and Indemnification Covenants .......................................... 12 ARTICLE V ADDITIONAL PROVISIONS................................................................... 13 Section 5.1 Conflicts of Interest........................................................................ 13 Section 5.2 Titles of Articles and Sections......................................................... 13 Section 5.3 Notices and Demands..................................................................... 13 Section5.4 Counterparts................................................................................... 13 Section 5.5 Law Governing............................................................................... 13 Section5.6 Duration......................................................................................... 14 Section 5.7 Provisions Surviving Rescission or Expiration ................................ 14 -I- LL185\31\703544.v1