Common use of Effect of Violation of the Terms and Provisions of this Agreement Clause in Contracts

Effect of Violation of the Terms and Provisions of this Agreement. The City is deemed a beneficiary of the terms and provisions of this Agreement and the covenants herein, both for and in its own right and for the purposes of protecting the interests of the community and other parties, public or private, for whose benefit this Agreement and the covenants running with the land have been provided. The City shall have the right if the covenants contained in this Agreement are breached and such breach is not cured within the time periods set forth in Section 6.1, to exercise all rights and remedies, and to maintain any actions or suits at law or in equity or other proper proceedings to enforce the curing of such breaches to which it or any other beneficiaries of this Agreement and covenants are entitled.

Appears in 1 contract

Samples: Loan Agreement

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Effect of Violation of the Terms and Provisions of this Agreement. The City is deemed a the beneficiary of the terms and provisions of this Agreement and the covenants hereinAgreement, both for and in its own right rights and for the purposes of protecting the interests of the community and other parties, public or private, in whose favor and for whose benefit this Agreement and the covenants running with the land have been provided. The Agreement shall run in favor of the City, without regard to whether the City has been, remains or is an owner of any land or interest therein in the Project or the District. The City shall have the right right, if the Agreement or covenants contained in this Agreement are breached and such breach is not cured within the time periods set forth in Section 6.1breached, to exercise all rights and remedies, and to maintain any actions or suits at law or in equity or other proper proceedings to enforce the curing of such breaches to which it or any other beneficiaries of this Agreement and covenants are may be entitled.

Appears in 1 contract

Samples: Development Agreement

Effect of Violation of the Terms and Provisions of this Agreement. No Partnership. The City is deemed a the beneficiary of the terms and provisions of this Agreement and the covenants hereinAgreement, both for and in its own right rights and for the purposes of protecting the interests of the community and other parties, public or private, in whose favor and for whose benefit this Agreement and the covenants running with the land have been provided. The Agreement will run in favor of the City, without regard to whether the City shall has been, remains or is an owner of any land or interest therein in the Project or the District. The City will have the right right, if the Agreement or covenants contained in this Agreement are breached and such breach is not cured within the time periods set forth in Section 6.1breached, to exercise all rights and remedies, and to maintain any actions or suits at law or in equity or other proper proceedings to enforce the curing of such breaches to which it or any other beneficiaries of this Agreement and covenants are may be entitled. Nothing contained herein will be construed as creating a partnership between the Developer and the City.

Appears in 1 contract

Samples: Skywalk Agreement

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Effect of Violation of the Terms and Provisions of this Agreement. The City is deemed a the beneficiary of the terms and provisions of this Agreement and the covenants hereinAgreement, both for and in its own right rights and for the purposes of protecting the interests of the community and other parties, public or private, in whose favor and for whose benefit this Agreement and the covenants running with the land have been provided. The Agreement shall run in favor of the City, without regard to whether the City has been, remains or is an owner of any land or interest therein in the Phase 3 Project or the District. The City shall have the right right, if the Agreement or covenants contained in this Agreement are breached and such breach is not cured within the time periods set forth in Section 6.1breached, to exercise all rights and remedies, and to maintain any actions or suits at law or in equity or other proper proceedings to enforce the curing of such breaches to which it or any other beneficiaries of this Agreement and covenants are may be entitled.

Appears in 1 contract

Samples: Development Agreement

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