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08-25-1997 EDA
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08-25-1997 EDA
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Last modified
1/29/2025 9:16:03 AM
Creation date
6/15/2018 5:49:01 AM
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MV Commission Documents
Commission Name
Economic Development Authority
Commission Doc Type
Agenda Packets
MEETINGDATE
7/25/1997
Commission Doc Number (Ord & Res)
0
Supplemental fields
Date
7/25/1997
EDA Document Type
Council Packets
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ARTICLE VII <br /> 41/0 <br /> TERMINATION OF AGREEMENT; EXPIRATION <br /> Section 7. 1. Termination. 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 /> • <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 /> 4111 <br /> By <br /> President <br /> By <br /> Executive Director <br /> THE EVEREST GROUP, 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. ] <br /> 4110 <br /> 334455.4 7-1 <br />
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