Laserfiche WebLink
05-19-99 13:47 From-KENNEDY & GRAVEN +6123379310 T-806 P.14/31 F-170 <br /> with the recapture, management, and resale of the Property or part thereof(but less <br /> any income derived by the Authority from the property or part thereof in connection <br /> with such management); all taxes, assessments, and water and sewer charges with <br /> respect to the Property (or, in the event the Property is exempt from taxation or <br /> assessment or such charge during the period of ownership thereof by the Authority, <br /> an amount, if paid, equal to such taxes, assessments, or charges (as deterrmned by <br /> the Authority assessing official) as would have been payable if the Property were <br /> not so exempt); any payments made or necessary to be made to discharge any <br /> encumbrances or liens existing on the Property or part thereof at the time of <br /> revesting of title thereto in the Authority or to discharge or prevent from attaching or <br /> being made any subsequent encumbrances or liens due to obligations, defaults or <br /> acts of the Developer, its successors or transferees; any expenditures made or <br /> obligations incurred with respect to the making or completion of the Minimum <br /> Improvements or any part thereof on the Property; financial assistance made by the <br /> Authority to the Developer (less any portion thereof previously repaid by the <br /> Developer); and any amounts otherwise owing the Authority by the Developer and <br /> its successor or transferee; and <br /> (b) Any balance remaining after such reimbursements shall be returned <br /> to the Developer. <br /> 17.5. No Remedy Exclusive. No remedy herein conferred upon or reserved to any <br /> party in this Agreement is intended to be exclusive of any other available remedy or <br /> remedies, but each and every such remedy shall be cumulative and shall be in addition to <br /> every other remedy given under this Agreement or now or hereafter existing at k.tw or in <br /> equity or by statute. 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 <br /> any such right and power may be exercised from time to time and as often as may be <br /> deemed expedient. In order to entitle the Authority to exercise any remedy reserved to it, it <br /> shall not be necessary to give notice, other than such notice as may be required in this <br /> Section. <br /> 17.6. No Additional Waiver Implied by One Waiver. In the event any provision or <br /> agreement contained in this Agreement should be breached by any party and thereafter <br /> waived by another party, such waiver shall be limited to the particular breach so waived and <br /> shall not be deemed to waive any other concurrent, previous or subsequent breach <br /> hereunder. <br /> 18.0. Access to property and Inspection. Any time and from time to time prior to the Date <br /> of Closing,Developer,and person or persons selected by Developer shall be permitted access to the <br /> Property for the purpose of conducting such studies and investigations of the Property as Developer <br /> deems appropriate, which studies and investigations shall be conducted at Developer's sole expense <br /> and pursuant to any other terms and conditions of this Agreement. Developer agrees to indemnify <br /> Authority against any liability, cost or expense incurred by Authority as a result of Developers <br /> actions,including but not limited to fines,court costs,reasonable attorneys'fees and remedial costs. <br /> Such studies may include without limitation, physically Inspecting the Property and reviewing <br /> Authority's records concerning the Property which records shall be made reasonably available to <br /> DJG-162543 12 <br /> MU205-2 <br />