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local, state or federal official that the activities of the Redeveloper or the City in
<br />the Development District may be or will be in violation of any environments) law
<br />or regulation. As of the date of execution of this Agreement, the Redeveloper Is
<br />aware of no facts, the existence of which would cause It to be in violation of any
<br />local, state or federal environmental law, regulation or review procedure or which
<br />would give any person a valid claim under the Minnesota Environmental Rights Act.
<br />(e) The Redeveloper will construct the Minimum Improvements In
<br />accordance with all applicable local, state or federal energy -conservation laws or
<br />regulations.
<br />(f) The Redeveloper will obtain, in a timely manner, all required
<br />permits, licenses and approvals, and will meet, In a timely manner, all
<br />requirements of all applicable local, state and federal taws and regulations which
<br />must be obtained or met before the Minimum Improvements may be lawfully
<br />constructed.
<br />(g) Everest Development, Ltd. Is a Minnesota corporation organized and
<br />existing under the lays of the State, has duly authorized the execution of this
<br />Agreement and the performance of Its obligations hereunder, and neither the
<br />execution and delivery of this Agreement, the consummation of the transactions
<br />contemplated hereby, nor the fulfillment of or compliance with the terms and
<br />conditions of this Agreement is prevented, limited by or conflicts with or results in
<br />a breach of, the terms, conditions or provisions of its articles of incorporation,
<br />bylaws, any evidences of indebtedness, agreement or instrument of whatever
<br />nature to which Everest Development, Ltd. is now a party or by which it Is bound,
<br />or constitutes a default under any of the foregoing.
<br />(h) Commercial Property Investments, Inc., is a Minnesota corporation,
<br />organized and existing under the laws of the State, has duly authorized the
<br />execution of this Agreement and the performance of its obligations hereunder, and
<br />either the execution and delivery of this Agreement, the consummation of the
<br />transactions contemplated hereby, nor the fulfillment of or compliance with the
<br />terms and conditions of this Agreement is prevented, limited by or conflicts with
<br />or results in a breach of, the terms, conditions or provisions of Its articles of
<br />Incorporation, by-laws, any evidences of indebtedness, agreement or instrument of
<br />whatever nature to which Commercial Property Investments is now a party or by
<br />which it is bound, or constitutes a default under any of the foregoing.
<br />(1) The Redeveloper agrees that it will cooperate with the City with
<br />respect to any litigation commenced by third parties in connection with this
<br />Agreement—.
<br />0) In the event that this Agreement is terminated as a result of a Event
<br />of Default by Redeveloper, the Redeveloper shall pay to the City, within ten (19)
<br />days of demand by the City, all of the City's costs incurred in confection with the
<br />issuance of the Bonds, the preparation and Implementation of this Agreement,
<br />Including but not limited to, the costs of acquiring the Redevelopment Property
<br />and preparing plans and specifications for the Public Improvements, and any costs
<br />or damages incurred by the City as a result of such default.
<br />(k) Whenever any Event of Default occurs and the City shall employ �0
<br />attorneys or Incur other expenses for the collection of payments due or to become
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