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10 <br />1951267.v8 <br />default. No express written waiver of any default shall affect any other default or cover any other period <br />of time other than any default and/or period of time specified in such express waiver. One or more written <br />waivers of any default under any provision of this Agreement shall not be deemed to be a waiver of any <br />subsequent default in the performance of the same provision or any other term or provision contained in <br />this Agreement. All of the remedies permitted or available to a Party under this Agreement or at law or in <br />equity shall be cumulative and not alternative, and invocation of any such right or remedy shall not <br />constitute a waiver or election of remedies with respect to another permitted or available right or remedy. <br />For purposes of this Agreement, “Default Rate” shall mean that rate publicly announced, or published, <br />from time to time, by JPMorgan Chase (or its successor) as its prime rate of interest, plus five percent <br />(5.0%) per annum, on a cumulative basis. <br />The City acknowledges that a breach or threatened breach of Section 3(a) relating to an unauthorized CA <br />Replacement would give rise to irreparable harm to the Owners for which monetary damages would not <br />be an adequate remedy, and hereby agrees that in the event of a breach or a threatened breach by the City <br />of any such obligations, each Owner shall, in addition to any and all other rights and remedies that may be <br />available to it in respect of such breach, be entitled to equitable relief, including a temporary restraining <br />order, an injunction, specific performance and any other relief that may be available from a court of <br />competent jurisdiction (without any requirement to post bond). <br />10.Attorneys’ Fees. In the event a Party institutes any legal action or proceeding for the <br />enforcement of any right or obligation herein contained, the prevailing Party after a final adjudication <br />shall be entitled to recover its costs and reasonable attorneys’ fees incurred in the preparation and <br />prosecution of such action or proceeding. <br />11.Estoppel Certificate. Each Party agrees that upon written request of any other Party, it <br />will issue to such Party, at no cost, an estoppel certificate stating, to the issuer’s knowledge, as of such <br />date: (a) whether or not it knows of either or both (x) any default under this Agreement and (y) any <br />circumstance or condition that, with the passage of time or giving of notice or both, would constitute a <br />default under this Agreement, and if there are known defaults or other circumstances or conditions that, <br />either with the passage of time or giving of notice or both, would constitute a default, specifying the <br />nature thereof; (b) whether this Agreement has been assigned, modified or amended in any way by it and <br />if so, then stating the nature thereof; and (c) whether this Agreement is in full force and effect. <br />12.Notices. All notices, demands and requests (collectively the “notice”) required or <br />permitted to be given under this Agreement must be in writing and shall be deemed to have been properly <br />given (a) if and when delivered in person, (b) on the first business day after deposit with a commercial <br />overnight courier, (c) three (3) business days after having been deposited with the U.S. Postal Service and <br />sent by registered or certified mail, postage prepaid, return receipt requested, or (d) when sent by <br />electronic delivery (e.g. email), provided that a duplicate copy is sent on the same day, pursuant to (b) <br />above, addressed as follows (or sent to such other address as any Party shall specify to the other Parties <br />pursuant to the provisions of this Section 12. The initial addresses of the Parties shall be: <br />If to Salo Park Owner:For so long as Doran SLV III, LLC is the Salo Park <br />Owner: <br />Doran SLV III, LLC <br />c/o Doran Management, LLC <br />7803 Glenroy Road, Suite 100 <br />Bloomington, Minnesota 55439 <br />Attn: Chief Manager <br />Kelly.doran@doranpg.com