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TABLE OF CONTENTS <br />Page <br />i <br />EL185\77\970529.v2 <br />ARTICLE I DEFINITIONS.............................................................................................................3 <br />Section 1.1 Definitions.......................................................................................................3 <br />ARTICLE II REPRESENTATIONS, WARRANTIES AND COVENANTS .................................6 <br />Section 2.1 Representations and Warranties of the City....................................................6 <br />Section 2.2 Representations and Warranties of the Developer..........................................6 <br />Section 2.3 Representations and Warranties of the Company...........................................7 <br />ARTICLE III PROJECT AND FINANCIAL ASSISTANCE ...........................................................9 <br />Section 3.1 Construction of Project...................................................................................9 <br />Section 3.2 Commencement and Completion of Construction..........................................9 <br />Section 3.3 Construction Plans..........................................................................................9 <br />Section 3.4 Conveyance Subject to Right of Re-entry ....................................................10 <br />Section 3.5 Certificate of Completion .............................................................................10 <br />Section 3.6 Purchase Price Note......................................................................................11 <br />Section 3.7 Agreement to Pay Note Pledged Tax Increment Shortfall............................11 <br />Section 3.8 Energy Rebate...............................................................................................12 <br />Section 3.9 Business Subsidy Agreement........................................................................12 <br />Section 3.10 Developer to Pay City Fees and Expenses....................................................13 <br />Section 3.11 Restrictions on Use in Economic Development TIF District .......................14 <br />Section 3.12 Compliance with Environmental Requirements...........................................15 <br />ARTICLE IV INSURANCE; ASSESSMENT AGREEMENT; TAXES ........................................16 <br />Section 4.1 Insurance.......................................................................................................16 <br />Section 4.2 Assessment Agreement.................................................................................17 <br />Section 4.3 Right to Collect Delinquent Taxes................................................................18 <br />ARTICLE V CHANGE IN USE OF PROJECT; PROHIBITIONS AGAINST <br />ASSIGNMENT AND TRANSFER; INDEMNIFICATION.....................................19 <br />Section 5.1 Change in Use of Project ..............................................................................19 <br />Section 5.2 Prohibition against Transfer of Property and Assignment of <br />Agreement.....................................................................................................19 <br />Section 5.3 Release and Indemnification Covenants.......................................................19 <br />ARTICLE VI DEVELOPER AND COMPANY EVENTS OF DEFAULT....................................20 <br />Section 6.1 Events of Default Defined ............................................................................20 <br />Section 6.2 Remedies on Default.....................................................................................20 <br />Section 6.3 No Remedy Exclusive...................................................................................21 <br />Section 6.4 No Implied Waiver .......................................................................................21 <br />Section 6.5 Agreement to Pay Attorney’s Fees and Expenses ........................................21 <br />ARTICLE VII ADDITIONAL PROVISIONS..................................................................................22 <br />Section 7.1 Conflicts of Interest; City Representatives Not Individually Liable ............22 <br />Section 7.2 Titles of Articles and Sections......................................................................22 <br />Section 7.3 Notices and Demands ...................................................................................22 <br />Section 7.4 Counterparts..................................................................................................22 <br />Section 7.5 Recording......................................................................................................22 <br />Section 7.6 Law Governing .............................................................................................23 <br />Section 7.7 Conflicts of Interest.......................................................................................23 <br />Page 228 of 327