AgdaPkt 2003-09-22 - Laserfiche WebLink

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11-0-11 not be entitled to any compensation other than as provided in the Preconstruction Agreement. D. This Agreement may he terminated by City and Agency in the event Developer defaults under the DDA or Lny of the other agreements between the parties in connection with the Project. In addition, City and Agency may terminate this Agreement for default if any of the following events occurs aa&Developer fails to cure the default within seven (7) days of service of written no the City and /or Agency of the default: i) The Developer is insolvent o a Viral assignment for the benefit of creditors, or a receive ,h — been appointed account of the insolvency of the Developer; = — ii) A Contractor or any of its §W should fail to make prompt payment to subcontractors 4t=lete supplRi or material or for labor; iii) Developer or �� o r-- - - - .13. subcontractor persistently disregards laws, ordinances, oFAfie insf fgaffifls o f thtaUty or the Agency; iv) Th '�" er or a : f t s"'i� abide by a proper stop work notice or fail , correct ted w6a or materials; �YK '" V) a Devel or a Conctor fails to provide and keep in full force and effect all r'" ire E. _ Developer maj(�terminate this Agreement upon seven (7) days' written notice to City and ncy Nreoough City and Agency fail substantially to perform in accordance with the termse no fault of Developer or if the Project in whole or substantial, part is stopp.A for a period of at least sixty (60) days under an order of any court or other pu If authority having jurisdiction or as a result of an act of government. F. In the event of termination for default, the Developer shall be paid its compensation for Services performed to the date of termination, including services of Contractors and Consultants then due, less such costs and expenses as City and Agency may incur on account of the Developer's failure to perform.