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<br />TABLE OF CONTENTS <br /> <br />Page <br /> <br />ARTICLE I DEFINITIONS................................................................................................. 1 <br /> <br />Section 1.1 Definitions............................................................................................ 1 <br /> <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 Deve1oper............................... 3 <br /> <br />ARTICLE III UNDERTAKINGS BY DEVELOPER AND CITy....................................... 5 <br />Section 3.1 Construction of Project and Reimbursement of Tax Abatement <br /> <br />Property Cost....................................................................................... 5 <br /> <br />Limitations on Undertaking of the City............................................... 5 <br />Commencement and Completion of Construction............................... 5 <br />Damage and Destruction...................................................................... 5 <br />Change in Use of Proj ect ..................................................................... 5 <br />Prohibition Against Transfer of Project and Assignment of <br /> <br />Agreement............................................................................................ 5 <br /> <br />Real Property Taxes............................................................................. 6 <br /> <br />Business Subsidies Act........................................................................ 6 <br />Duration of Abatement Program.......................................................... 7 <br /> <br />Section 3.2 <br />Section 3.3 <br />Section 3.4 <br />Section 3.5 <br />Section 3.6 <br /> <br />Section 3.7 <br />Section 3.8 <br />Section 3.9 <br /> <br />ARTICLE IV EVENTS OF DEF AUL T ................................................................................. 8 <br />Section 4.1 Events of Default Defined ................................................................... 8 <br />Section 4.2 Remedies on Defau1t............................................................................ 8 <br />Section 4.3 No Remedy Exclusive.......................................................................... 8 <br />Section 4.4 No Implied Waiver .............................................................................. 8 <br />Section 4.5 Agreement to Pay Attorney's Fees and Expenses................................ 9 <br />Section 4.6 Release and Indemnification Covenants.............................................. 9 <br /> <br />ARTICLE V ADDITIONAL PROVISIONS ...................................................................... 10 <br />Section 5.1 Conflicts of Interest............................................................................ 10 <br />Section 5.2 Titles of Articles and Sections........................................................... 10 <br />Section 5.3 Notices and Demands ........................................................................ 10 <br />Section 5.4 Counterparts....................................................................................... 10 <br />Section 5.5 Law Governing.................................................................................. 10 <br />Section 5.6 Duration............................................................................................. 11 <br />Section 5.7 Provisions Surviving Rescission or Expiration.................................. 11 <br /> <br />1844748vl <br /> <br />-1- <br />