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ARTICLE VIII CITY LOAN 11 <br />Section 8.1 City Loan 11 <br />Section 8.2 Termination Right if Spending Plans Not Adopted 11 <br />Section 8.3 City Loan Agreement, City Note, and Guaranty 11 <br />Section 8.4 Fee in Lieu of Interest, Interest and Default Interest 11 <br />Section 8.5 Repayment Terms 12 <br />Section 8.6 Limitations on Disbursements 12 <br />ARTICLE IX CONTINGENCY FOR RAIL STOP 12 <br />Section 9.1 Contingency for Rail Stop 12 <br />ARTICLE X PARKING RAMP IMPROVEMENTS 13 <br />Section 10.1 Parking Ramp Improvements 13 <br />ARTICLE XI REAL ESTATE TAX PAYMENTS AND ASSESSMENT <br />AGREEMENT 13 <br />Section 11.1 Real Property Taxes 13 <br />Section 11.2 Assessment Agreement 14 <br />ARTICLE XII RESTRICTIONS ON ASSIGNMENTS AND TRANSFERS AND <br />PRIORITY 14 <br />Section 12.1 Prohibition against Transfer of the Development Property; <br />Assignment of Development Agreement and Assignment of the <br />TIF Note 14 <br />Section 12.2 Permitted Collateral Assignments 14 <br />Section 12.3 Subordination of Development Agreement to Construction <br />Mortgage and Extension of Time to Cure 15 <br />ARTICLE XIII INDEMNIFICATION OF THE CITY AND THE HRA 15 <br />Section 13.1 Indemnification of the City and the HRA 15 <br />ARTICLE XIV DEVELOPER EVENTS OF DEFAULT 15 <br />Section 14.1 Events of Default Defined 15 <br />Section 14.2 Remedies on Default 17 <br />ARTICLE XV ADDITIONAL PROVISIONS 17 <br />Section 15.1 Conflicts of Interest 17 <br />Section 15.2 No Remedy Exclusive 17 <br />Section 15.3 No Implied Waiver 18 <br />2695614v62 <br />4412/24E/10 <br />TABLE OF CONTENTS <br />(continued) <br />ii <br />Page <br />