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8.A. - Page 40 <br /> 5.3 No Supersedure 24 <br /> ARTICLE 6. DEVELOPER FINANCING OF PROJECT 24 <br /> 6.1 Developer's Financing for the Project 24 <br /> 6.2 No Prohibited Encumbrances 24 <br /> 6.3 City Right to Discharge Prohibited Encumbrances 25 <br /> 6.4 Developer Right to Contest Validity of Encumbrance 25 <br /> 6.5 Rights of Lenders and City Regarding Permitted Encumbrances 25 <br /> 6.6 No Approval Required After Certificate of Completion Issued 28 <br /> ARTICLE 7. EVENTS OF DEFAULT; REMEDIES; TERMINATION; <br /> ATTORNEYS' FEES 28 <br /> 7.1 Application of Remedies 28 <br /> 7.2 No Fault of Parties 28 <br /> 7.3 Fault of the City 29 <br /> 7.4 Fault of the Developer 30 <br /> 7.5 Legal Actions 31 <br /> 7.6 Rights and Remedies are Cumulative 32 <br /> ARTICLE 8. TRANSFERS AND ASSIGNMENTS 32 <br /> 8.1 Right to Assign 32 <br /> 8.2 Limitations on Assignments 32 <br /> 8.3 Release of Developer Upon Transfer; Recognized Assignees 33 <br /> 8.4 Covenants Run With the Land 33 <br /> ARTICLE 9. NOTICES 34 <br /> 9.1 Procedure 34 <br /> 9.2 Form and Effect of Notice 35 <br /> ARTICLE 10. MISCELLANEOUS 35 <br /> 10.1 Negation of Partnership 35 <br /> 10.2 Not a Public Dedication 35 <br /> 10.3 Severability 36 <br /> 10.4 Exhibits 36 <br /> 10.5 Relationship of Parties 36 <br /> 10.6 Survival of Agreement 36 <br /> 10.7 Conflict of Interest 36 <br /> 10.8 Non - liability of Officials, Employees and Agents 36 <br /> 10.9 Calculation of Time Periods 36 <br /> 10.10 Principles of Interpretation 37 <br /> 10.11 Governing Law 37 <br /> 10.12 City Attorney Fees and Costs 37 <br /> 10.13 Unavoidable Delay; Extension of Time of Performance 37 <br /> 10.14 Binding on Successors and Assigns 38 <br /> 10.15 Entire Agreement 38 <br /> 10.16 Further Assurances; Covenant to Sign Documents 38 <br /> 82483.00019\9644366. 13 <br /> ATTY /AGR /2015.146 /HAMILTON - WINSLOW DDA <br /> REV: 07 -22 -15 VR <br /> Page 3 of 102 <br />