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CCP 08-18-1997
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CCP 08-18-1997
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<br /> e <br /> (a) Terminate this Agreement. <br /> (b) Withhold the Certificate ofCOlnpletion. <br /> (c) Declare immediately due and payable by thc Redeveloper the amount of the <br /> Authority's assistance which has not been recovered by the Authority from Tax Increment, which <br /> amount shall be calculated as provided in Section 5.1(e) of this Agreement. <br /> (d) Take whatevcr action, including legal, equitablc or administrative action, which <br /> may appear necessary or desirable to the Authority to collect any payments due under this <br /> Agreement, or to enforce performancc and observance of any obligation, agreement, or covenant <br /> of the Redeveloper under this Agreement. <br /> (e) If the Event of Default consists of the Redeveloper's failure to pay the <br /> Assessm~nts as described in Section 6.1. the Authority may also declare duc and payable the <br /> out,tllUding amo11nt of the Assessm~'11ts as describcd in Section 6 1. <br /> Section 9.3. No Remeny Exclusive No remedy herein conferred upon or reserved to the <br /> . Authority or Redeveloper is intended to be exclusive of any other available remedy or remedies, <br /> but each and every such remedy shall be cumulative and shall be in addition to every othcr <br /> remedy given under this Agreement or now or hereafter existing at law or in equity or by statute. <br /> No delay or omission to exercise any right or power accruing upon any default shall impair any <br /> such right or power or shall be construed to be a waiver thereof, but any sueh right and power <br /> may be exercised from time to time and as often as may be deemed expedient. In order to entitle <br /> the Authority or the Redeveloper to exercisc any remedy reserved to it, it shall not be necessary <br /> to give notice, other than such notice as may be required in this Article IX. This Agreement shall <br /> - be enforceable only by the Authority, the City, and any public body which is a successor of the <br /> - Authority. <br /> - Section 9.4. No Additional Waivcr Implied bv One Waiver. In the event any agreement <br /> - contained in this Agreement should be breachcd by either party and thereafter waived by the <br /> - other party, such waiver shall be limitcd to the particular breach so waived and shall not be <br /> dcemed to waive any other concurrent, previous or subsequent breacb herennder. <br /> I Section 9 5 Costs 0 f "Enforcement. Whenever any Event of Default occurs and the <br /> Authority shall em-plov attorneys or incur other expcnses for the collection ofpavrnents due or to <br /> I hecome due or for the enforcement of performance or observance of any obligation or aQTcement <br /> on the part of the Redeveloper under this Agreement. the Redeveloner agrees that it shall within <br /> thirtY nO) days ofwrilten demand hy the Authority p,w to t.he Authoritv the rea.sonable fees of <br /> I such attorncys and such other expenses so incurred by the Authority <br /> .- <br /> 29 <br /> I <br /> 60/L.0'd 61'0L. L.G6 Gt9 '~'d '3~13a ~ A31a~a GS:9t L.66t-H-!Jf1~ <br />
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