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TABLE OF CONTENTS <br />Page <br />ARTICLE I DEFINITIONS ................................................................................................. 1 <br />Section 1.1 Definitions .......................................................................................... .. 1 <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 Developer ............................. .. 3 <br />ARTICLE III UNDERTAKINGS BY DEVELOPER AND CITY ..................................... .. 5 <br />Section 3.1 Construction of Project and Reimbursement of Tax Abatement <br /> Property Cost ..................................................................................... .. 5 <br />Section 3.2 Limitations on Undertaking of the City ............................................. .. 5 <br />Section 3.3 Commencement and Completion of Construction ............................. .. 5 <br />Section 3.4 Damage and Destruction .................................................................... .. 5 <br />Section 3.5 Change in Use of Project ................................................................... .. 5 <br />Section 3.6 Prohibition Against Transfer of Project and Assignment of <br /> Agreement .......................................................................................... .. 5 <br />Section 3.7 Real Property Taxes ........................................................................... .. 6 <br />Section 3.8 Business Subsidies Act ...................................................................... .. 6 <br />Section 3.9 Duration of Abatement Program ........................................................ .. 8 <br />ARTICLE IV EVENTS OF DEFAULT ............................................................................... .. 9 <br />Section 4.1 Events of Default Defined ................................................................. .. 9 <br />Section 4.2 Remedies on Default .......................................................................... .. 9 <br />Section 4.3 No Remedy Exclusive ........................................................................ .. 9 <br />Section 4.4 No Implied Waiver ............................................................................ .. 9 <br />Section 4.5 Agreement to Pay Attorney's Fees and Expenses ............................. 10 <br />Section 4.6 Release and Indemnification Covenants ............................................ 10 <br />ARTICLE V ADDITIONAL PROVISIONS ...................................................................... 11 <br />Section 5.1 Conflicts of Interest ............................................................................ 11 <br />Section 5.2 Titles of Articles and Sections ........................................................... 11 <br />Section 5.3 Notices and Demands ........................................................................ 11 <br />Section 5.4 Counterparts ....................................................................................... 11 <br />Section 5.5 Law Governing .................................................................................. 11 <br />Section 5.6 Duration ............................................................................................. 12 <br />Section 5.7 Provisions Surviving Rescission or Expiration .................................. 12 <br />2138910v2 _i_ <br />