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paid within 30 days of billing by City. The total amount of <br />Developer reimbursements shall be limited to Fifteen Thousand and <br />No /100 Dollars ($15,000.00) until such time as a Development <br />Agreement, as provided for in Provision #11, has been executed by <br />the parties hereto or unless this Agreement is modified in <br />writing. Developer acknowledges City will expend no further <br />efforts at such time as there are unpaid costs or at such time as <br />the $15,000.00 amount has been reached. <br />21. Miscellaneous. <br />A. This Agreement shall be binding upon the parties, <br />their heirs, successors or assigns, as the case may be. <br />B. Breach of the terms of this Agreement by Developer <br />or by City shall be grounds for cancellation of this Agreement. <br />Failure by the defaulting party to cure any breach within five <br />(5) days after receipt of written notice shall allow the other <br />party the option, but not the obligation, of terminating this <br />Agreement. <br />C. If any portion, section, subsection, sentence, <br />clause, paragraph, or phrase of this Agreement is for any reason <br />held invalid, such decision shall not affect the validity of the <br />remaining portions of this Agreement. <br />D. Breach of the terms of this Agreement by Developer <br />or by City shall be grounds for cancellation of this Agreement. <br />Failure by the breaching party to cure any breach within five (5) <br />days after receipt of written notice shall result in immediate <br />and complete cancellation of this Agreement with no further <br />Page 52 <br />