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05-09-1994 EDA WS
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05-09-1994 EDA WS
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Last modified
3/3/2025 6:51:18 AM
Creation date
3/13/2012 12:41:45 PM
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MV Commission Documents
Commission Name
Economic Development Authority
Commission Doc Type
Agenda Packets
MEETINGDATE
1/1/1994
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_ _ . .. -� - <br />. � . , _: _ _ . _�-{- . � _ :� . <br />--- - -- -- - - - . ��,,�. .� ,-� ----- - -- _. _ � ._. ._- - �; <br />F' <br />�'. <br />F� <br />I.. <br />ARTICLE VII <br />TERMINATION OF AGREEMENT; EXPIRATION <br />Section 7.1. Terminationo The Authority may terminate this <br />Agreement as provided herein, and otherwise this Agreement shall <br />terminate upon payment of the EDA Note in accordance with its terms <br />and the discharge of all of the Parties' other respective <br />obligations hereunder, but no such termination shall terminate any <br />indemnification or other rights or remedies arising hereunder due <br />to any Event of Default which occurred prior to such termination. <br />Section 7.2. Sections to Survive Termination. Section 4.2 <br />shall, in addition to the other surviving provisions referenced in <br />Section 7.1, survive the termination of this Agreement. <br />IN WITNESS WHEREOF, the Authority has caused this Agreement to <br />be duly executed in its name and behalf by its duly authorized <br />representatives, and the Developer has caused this Agreement to be <br />duly executed in its name and behalf by its duly authorized <br />representatives on or as of the date first above written. <br />MOUNDS VIEW ECONOMIC <br />DEVELOPMENT AUTHORITY <br />By <br />President <br />By <br />Executive Director <br />EVEREST DEVELOPMENT, LTD. <br />By <br />Its President <br />By <br />Its Chairman of the Board <br />[Execution page of Development Assistance Agreement with the Mounds <br />View Economic Development Authority.J <br />262545 .1 7 -1 <br />
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