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7 <br />192540v3 <br />on behalf of the City against Group Health with respect to its business operations beyond the <br />obligations set forth herein relating to the development and maintenance of the Property. <br />7. RECORDING OF DOCUMENT. This Agreement shall run with the Property and <br />shall be recorded in the office of the Ramsey County Registrar of Titles by the City. <br />8. GOVERNING LAW. The City and Group Health agree that the laws of the State of <br />Minnesota shall govern all questions and interpretations concerning the validity and construction <br />of this Agreement and the legal relations between the undersigned parties and performance under <br />it without regard to principals of conflicts of law. The language of this Agreement is and shall <br />be deemed a result of negotiations among the parties and the respective legal council and shall <br />not be strictly extrude for or against any party. Each party agrees that any action arising out of or <br />in connection with this Agreement shall be brought solely in the courts of the State of Minnesota, <br />Second Judicial District, or the United States District Court for the District of Minnesota. <br />9. EVENT OF DEFAULT. The occurrence of any of the following shall be considered <br />an “Event of Default” in the terms and conditions contained in this Agreement: <br />1. Failure of Developer to comply with any of the terms and conditions <br />contained in this Agreement if Developer fails to correct such failure within thirty (30) days after <br />receiving written notice of such failure from the City, or if such failure cannot be reasonably <br />cured within such thirty (30) day period, then the failure of the Developer to promptly commence <br />the correction of such failure or to complete the correction of such failure within a reasonable <br />period of time. <br />2. The failure of Developer to comply with any applicable ordinance or <br />statute with respect to the development of the Property.