2006-12-27 CC Packet - Laserfiche WebLink

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Section 8.4. Section 8.5. Section 8.6. Mortgagee's Option to Cure Defaults ................................................ 28 City's Option to Cure Default on Mortgage....................................... 28 Subordination and Modification for the Benefit of Mortgagees........ 29 ARTICLE IX PROHIBillONS AGAINST ASSIGNMENT AND TRANSFER; INDEMNIFICATION. ............ .............. ...... ............ .... ................................... 30 Section 9.1. Transfer of Substantially All Assets .................................................. 30 Section 9.2. Prohibition Against Transfer of Property and Assignment of Agreement... ........... ......; ............ ...... ........ ...... ...... .... ............. .............. 30 Section 9.3. Release and Indemnification Covenants............................................ 31 Section 9.4. Approvals... ........................................................................ ................ 32 ARTICLE X DEVELOPER EVENTS OF DEF AUL T....................................................... 33 Section 10.1. Events of Default Defined ................................................................. 33 Section 10.2. Remedies on Default.......................................................................... 34 Section 10.3. No Remedy Exclusive........................................................................ 34 Section 10.4. No Implied Waiver ............................................................................ 34 Section 10.5. Agreement to Pay Attorney's Fees and Expenses .............................. 34 ARTICLE XI ADDITIONAL PROVISIONS ...................................................................... 36 Section 11.1. Restrictions on Use ............................................................................ 36 Section 11.2. Conflicts of Interest............................................................................ 36 Section 11.3. Titles of Articles and Sections ........................................................... 36 Section 11.4. Notices and Demands ........................................................................ 36 Section 11.5. Counterparts .......................... .............. ............................................... 37 Section 11.6. Modification.......................... ............................................................. 37 Section 11.7. Law Governing .................................................................................. 37 Section 11.8. Legal Opinions................................................................................... 37 Section 11.9. No Business Subsidy.......................................................................... 37 Section 11.10. City Approvals ...................................................................................37 Section 11.11. Rule of Construction .......................................................................... 38 Section 11.12. Purchase Agreement(s) ...................................................................... 38 EXHIBIT A-I EXHIBIT A-2 EXHIBIT B DESCRIPTION OF DEVELOPMENT PROPERTY ................................. A-I PICTORIAL OF PROJECTS ...................................................................... A-2 PERMITTED ENCUMBRANCES...................... .................................. .........B 1309762vRED V3 to V2; 12/22/06 ii '6,