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12/14/10 Special
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12/14/10 Special
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Meetings
Meeting Document Type
Agenda
Document Title
Housing & Redevelopment Authority - Special
Document Date
12/14/2010
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(d) If the Event of Default is an Event of Default under Section 14.1 (b), (c), <br />(d), (e), (f) or (g), the City may cancel and rescind the TIF Note. <br />ARTICLE XV <br />ADDITIONAL PROVISIONS <br />Section 15.1 Conflicts of Interest. No member of the governing body or other official <br />of the City shall participate in any decision relating to the Agreement which affects his or her <br />personal interests or the interests of any corporation, partnership or association in which he or <br />she is directly or indirectly interested. No member, official or employee of the City shall be <br />personally liable to the City in the event of any default or breach by Developer or successor or on <br />any obligations under the terms of this Agreement. <br />Section 15.2 No Remedy Exclusive. No remedy herein conferred upon or reserved to <br />any party intended to be exclusive of any other available remedy or remedies, but each and every <br />such remedy shall be cumulative and shall be in addition to every other remedy given under this <br />Development Agreement or now or hereafter existing at law or in equity or by statute to the <br />extent provided herein. No delay or omission to exercise any right or power accruing upon any <br />default shall impair any such right or power or shall be construed to be a waiver thereof, but any <br />such right and power may be exercised from time to time and as often as may be deemed <br />expedient. <br />Section 15.3 No Implied Waiver. In the event any agreement contained in this <br />Agreement should be breached by any party and thereafter waived by any other party, such <br />waiver shall be limited to the particular breach so waived and shall not be deemed to waive any <br />other concurrent, previous or subsequent breach hereunder. <br />Section 15.4 Titles of Articles and Sections. Any titles of the several parts, articles and <br />sections of this Agreement are inserted for convenience of reference only and shall be <br />disregarded in construing or interpreting any of its provisions. <br />Section 15.5 Notices and Demands. Except as otherwise expressly provided in this <br />Agreement, a notice, demand or other communication under this Agreement by any party to any <br />other shall be sufficiently given or delivered the day following the day if it is dispatched by <br />overnight courier; two business days after it is mailed, via registered or certified mail, postage <br />prepaid, return receipt requested; or the day it is delivered personally, and <br />(a) in the case of Developer is addressed to or delivered personally to: <br />F&C Ramsey, LLC <br />8900 Keystone Crossing #1200 <br />Indianapolis, IN 46240 <br />Attn: David M. Flaherty <br />Telephone No.: (317) 816-9300 <br />Facsimile No.: (317) 816-9301 <br />Email: dflaherty@flahertycollins.com <br />18 <br />2695614v7 <br />12/07/10 <br />
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