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25. Violation of This Permit. If the PERMITTEE fails to perform any of the terms of this <br /> Agreement in the manner required by the CITY, the CITY shall be entitled to recover, from the <br /> PERMITTEE or the issuer of PERMITTEE financial guarantee, the full amount of any and all <br /> financial guarantees. Breach of any of the terms of this Agreement by the PERMITTEE shall <br /> also be grounds for denial of Building Permit or issuance of Certificate of Occupancy. <br /> 26. Certificate of Occupancy. The term"Certificate of Occupancy" as used in this Agreement shall <br /> be defined as a document issued by the CITY's Building Official, which authorizes the structure <br /> to be used for its intended purposes. <br /> 27. Agreement Binding on Successors and Assigns. The PERMITTEE agrees that this Agreement <br /> shall be binding upon its successors and assigns. <br /> 28. Notices. Required notices shall be in writing, and shall be either hand delivered to the Parties, its <br /> employees or agents, or mailed to them by certified or registered mail at the following address: <br /> TO PERMITTEE: <br /> LB Ramsey MN Owner, LLC <br /> Attn: Stephen Andrews <br /> 450 Lexington Avenue, #4359 <br /> New York, NY 10163 <br /> TO THE CITY: <br /> City of Ramsey <br /> Attn: Community Development Director <br /> 7550 Sunwood Drive NW <br /> Ramsey, MN 55303 <br /> [The rest of this page left intentionally blank] <br /> LB Ramsey MN Owner,LLC/Lightbridge Academy <br /> Development Agreement <br /> Page 6 of 8 <br />