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Table of Contents <br />Page <br />ARTICLE I DEFINITIONS 2 <br />Section 1.1. Definitions 2 <br />ARTICLE II REPRESENTATIONS AND WARRANTIES 5 <br />Section 2.1. Representations and Warranties of the City 5 <br />Section 2.2. Representations and Warranties of the Developer 5 <br />Section 2.3. Representations and Warranties of the Owner 6 <br />ARTICLE III UNDERTAKINGS BY DEVELOPER AND CITY 7 <br />Section 3.1. Acquisition of Development Property and Legal and <br />Administrative Expenses 7 <br />Section 3.2. Limitations on Undertaking of the City 7 <br />Section 3.3. Payment: TIF Note 7 <br />Section 3.4. Business Subsidies Act 8 <br />Section 3.5. Real Property Taxes 9 <br />Section 3.6. Lease of Project 10 <br />Section 3.7. Execution of Assessment Agreement 10 <br />ARTICLE IV EVENTS OF DEFAULT 12 <br />Section 4.1. Events of Default Defined 12 <br />Section 4.2. Remedies on Default 12 <br />Section 4.3. No Remedy Exclusive 13 <br />Section 4.4. No Implied Waiver 13 <br />Section 4.5. Agreement to Pay Attorney's Fees and Expenses 13 <br />Section 4.6. Indemnification of City 13 <br />ARTICLE V OPTION TO TERMINATE AGREEMENT 15 <br />Section 5.1. Option to Terminate 15 <br />Section 5.2. Action to Terminate 15 <br />Section 5.3. Effect of Termination 15 <br />ARTICLE VI ADDITIONAL PROVISIONS 16 <br />Section 6.1. Restrictions on Use 16 <br />Section 6.2. Conflicts of Interest 16 <br />Section 6.3. Titles of Articles and Sections 16 <br />Section 6.4. Notices and Demands 16 <br />Section 6.5. Counterparts 17 <br />Section 6.6. Law Governing 17 <br />Section 6.7. Expiration 17 <br />Section 6.8. Provisions Surviving Rescission or Expiration 17 <br />Section 6.9. Assignability of Agreement 18 <br />EXHIBIT A Description of Development Property A-1 <br />EXHIBIT B Form of TIF Note B-1 <br />1 <br />13580713v3 <br />