Resolution 6664 - Laserfiche WebLink

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A. If any representation, covenant. or warranty made by the Public Entity herein, in any other document furnished pursuant to this Agreement. or in order to induce the State Entity to disburse any of the Grant, shall prove to have been untrue or incorrect in atl~~ material respect or materially misleading as of the time such representation, covenant, or warranty was made. B. If the Public Entity fails to fully comply with any provision, term, condition. covenant, or ~~arranty contained in this Agreement. C. If the Public Entity fails to comply with any provision, tern1, condition, covenant, or warranty contained in the G.O. Compliance Legislation, or tl~e Commissioner's Order, as such apply to the Real Property and, if applicable, the Facility. Section 4.02 Remedies. Upon the occurrence of an Event of Default and at any time thereafter until such Event of Default is cured to the satisfaction of the State Entity, the State Entity or the Commissioner of Finance may enforce any or all of the following remedies. A. The State Entity may refrain from disbursing the Grant; provided, ho"~ever, tl~e State Entity may make such a disbursement after the occurrence of an Evetit of Default without thereby waiving its rights and remedies hereunder. B. The Commissioner of Finance, as a third party beneficiary of this Agreement, may demand that the portion of the Grant already disbursed to the Public Entity be returned to it, and upon such demand the Public Entity shall return such portion to the Commissioner of Finance. C. Either the State Entity or the Commissioner of Finance, as a third party beneficiary of this Agreement, may enforce any additional remedies they may have in ]aw or equity. The rights and remedies herein specified are cumulative and not exclusive of any rights or remedies that the State Entity or the Commissioner of Finance would otherwise possess. If the Public Entity does not repay any portion of the amount specified in Section 4.02.B within thirty (30) days of demand by either the State Entity or the Commissioner of Finance, then such amount may, unless precluded by law, be taken from or off-set against any aids or other monies that the Public Entity is entitled to receive from the State of Minnesota. Section 4.03 Notification of Event of Default. The Public Entity shall furnish to both the State Entity and the Commissioner of Finance, as soon as possible and in any event within 7 days after it has obtained knowledge of the occurrence of each Event of Default or each event which with the giving of notice or lapse of time or both would constitute an Event of Default, a statement setting forth details of each Event of Default or event which with the giving of notice or upon the lapse of time or both would constitute an Event of Default and the action which the Public Entity proposes to take with respect thereto. • Generic GO Grant Agreement 15 for Pre-Design or Design Grants Ver - 7/.30103 (Gnrc GO GA-PrDsgn Grnt)