Default Termination. If the Company fails to fulfill any of its obligations under this Agreement, and fails to correct such failure within 30 days of receiving notice of such failure from the City, or if the Company makes any materially false statement in any statement or certification referred to in this Agreement, the City may hold the Company in default and (a) terminate this Agreement and make no further payments to Company and (b) recover all prior payments and reasonable direct expenses incurred by the City in connection with this Agreement, including reasonable attorney's fees.
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Samples: Economic Incentive Agreement, Building Improvement Incentives Agreement, Economic Incentive Agreement
Default Termination. If the Company fails to fulfill any of its obligations under this Agreement, and fails to correct commence correction of such failure within 30 days of receiving notice of such failure from the City, or if the Company makes any materially false statement in any statement or certification referred to in this Agreement, the City may hold the Company in default and (a) terminate this Agreement and make no further payments to Company and (b) recover all prior payments (made as a direct result of a materially false statement) and reasonable direct expenses incurred by the City in connection with this Agreement, including reasonable attorney's fees.
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