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CC PACKET 08222000
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CC PACKET 08222000
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12/30/2015 4:17:27 PM
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12/30/2015 4:16:32 PM
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SP Box #
17
SP Folder Name
CC PACKETS 1999-2001
SP Name
CC PACKET 08222000
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62 <br /> • (b) A default by the Redeveloper under the PUD Agreement. <br /> (c)Failure of Redeveloper to observe and perform any other covenant, condition, <br /> obligation or agreement on his part to be observed or performed hereunder or under the Restrictions. <br /> Section 8.2 Remedies on Default. In the event the HRA desires to exercise any of its <br /> rights or remedies as provided herein or otherwise available to the HRA at law or in equity, the HRA <br /> shall first provide written notice to Redeveloper setting forth with specificity and particularity the Event <br /> of Default and the action required to cure or remedy the same (the "Default Notice"). The Redeveloper <br /> shall have thirty (30) days from its receipt of a Default Notice to cure or remedy the Event of Default <br /> specified in the Default Notice, or such longer period as may be reasonably required to complete the <br /> cure as soon as reasonably possible under the circumstances. If following the Redeveloper's receipt of <br /> a Default Notice the Redeveloper does not cure or remedy the Event of Default therein specified within <br /> the time provided above, the HRA may take any one or more of the following actions at any time prior <br /> to the Redeveloper's curing or remedying the Event of Default: <br /> (a) Suspend its performance under this Agreement until it receives assurances from <br /> Redeveloper, deemed adequate by the HRA, that Redeveloper will cure its default and continue its <br /> performance under this Agreement. <br /> • (b) Terminate all rights of Redeveloper under this Agreement. <br /> (c) Withhold the Certificate of Completion. <br /> (d) Terminate the Note. <br /> (e) Take whatever action at law or in equity may appear necessary or desirable to the <br /> HRA to enforce performance and observance of any obligation, agreement, or covenant of the <br /> Redeveloper under this Agreement. <br /> Section 8.3. No Remedy Exclusive. No remedy herein conferred upon or reserved to <br /> the HRA is intended to be exclusive of any other available remedy or remedies, but each and every <br /> such remedy shall be cumulative and.shall be in addition to every other remedy given under this <br /> Agreement or now or hereafter existing at law or in equity or by statute. No delay or omission to <br /> exercise any right or power accruing upon any default shall impair any such right or power or shall be <br /> construed to be a waiver thereof, but any such right and power may be exercised from time to time and <br /> as often as may be deemed expedient. In order to entitle the HRA or Redeveloper to exercise any <br /> remedy reserved to it, it shall not be necessary to give notice, other than such notice as may be required <br /> under this Agreement. <br /> • <br /> -14- <br />
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