Common use of Limitations on Undertaking of the City Clause in Contracts

Limitations on Undertaking of the City. Notwithstanding the provisions of Sections 3.1(1), the City shall have no obligation to the Developer under this Agreement to reimburse the Developer for the costs identified in Section 3.1(1), if the City, at the time or times such payment is to be made, is entitled under Section 4.2 to exercise any of the remedies set forth therein as a result of an Event of Default which has not been cured.

Appears in 5 contracts

Samples: Assessment Agreement, Assessment Agreement, Assessment Agreement

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Limitations on Undertaking of the City. Notwithstanding the provisions of Sections Section 3.1(1), the City shall have no obligation to the Developer under this Agreement to reimburse the Developer for the costs identified in Section 3.1(1), if the City, at the time or times such payment is to be made, is entitled under Section 4.2 to exercise any of the remedies set forth therein as a result of an Event of Default which has not been cured.

Appears in 2 contracts

Samples: Development Agreement, Assessment Agreement

Limitations on Undertaking of the City. Notwithstanding the provisions of Sections 3.1(1)3.1, the City shall have no obligation to the Developer under this Agreement to reimburse the Developer for the costs identified in Section 3.1(1)Reimbursement Amount, if the City, at the time or times such payment is to be made, made is entitled under Section 4.2 to exercise any of the remedies set forth therein as a result of an Event of Default which has not been cured.

Appears in 1 contract

Samples: Assessment Agreement

Limitations on Undertaking of the City. Notwithstanding the provisions of Sections 3.1(1)Section 3.1, the City shall have no obligation to the Developer under this Agreement to reimburse the Developer for the costs identified in Section 3.1(1)3.1, if the City, at the time or times such payment is to be made, is entitled under Section 4.2 to exercise any of the remedies set forth therein as a result of an Event of Default which has not been cured.

Appears in 1 contract

Samples: Development Agreement

Limitations on Undertaking of the City. Notwithstanding the provisions of Sections 3.1(1)3.1, the City shall have no obligation to the Developer under this Agreement to reimburse the Developer for the costs identified in Section 3.1(1)Reimbursement Amount, if the City, at the time or times such payment is to be made, made is entitled under Section 4.2 4.1 to exercise any of the remedies set forth therein as a result of an Event of Default which has not been cured.

Appears in 1 contract

Samples: Development Agreement

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Limitations on Undertaking of the City. Notwithstanding the provisions of Sections 3.1(1)Section 3.2, the City shall have no obligation to the Developer under this Agreement to reimburse the Developer for the costs identified in Section 3.1(1)Eligible Costs, if the City, at the time or times such payment is to be made, is entitled under Section 4.2 to exercise any of the remedies set forth therein as a result of an Event of Default which has not been cured.

Appears in 1 contract

Samples: Tax Abatement Agreement by and Between

Limitations on Undertaking of the City. Notwithstanding the provisions of Sections 3.1(1)Section 3.1, the City shall have no obligation to the Developer under this Agreement to reimburse the Developer for the costs identified in Section 3.1(1)Reimbursement Amount, if the City, at the time or times such payment is to be made, made is entitled under Section 4.2 to exercise any of the remedies set forth therein as a result of an Event of Default which has not been cured.cured.β€Œ

Appears in 1 contract

Samples: Development Agreement

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