City Consent. Pursuant to the Ordinance, the Mayor and the City Manager are authorized to execute all documents on behalf of the City (including, without limitation, the Price Road Access Agreement and documents relating to the financing or refinancing of the Project by the Developer) as may be required to carry out and comply with the intent of this Agreement and the Bond Documents. The Mayor and the City Manager are also authorized, unless expressly prohibited herein, to grant on behalf of the City such consents, estoppels and waivers relating to this Agreement, the Bonds, and the Bond Documents as may be requested during the term hereof; provided, such consents, estoppels and/or waivers shall not increase the principal amount of the Bonds, increase the term of any leasehold interests set forth in the Bond Documents, alter the sales and use tax exemption described in Section 3.9, or waive an Event of Default or materially change the nature of the transactions contemplated by this Agreement and the Bond Documents unless otherwise approved by the City Council.
Appears in 4 contracts
Samples: Development and Performance Agreement, Development and Performance Agreement, Development and Performance Agreement
