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10.5 Developer's Remedies Upon an Event of A~enc oy r City Default. Upon the <br />occurrence of an Agency or City Event of Default, in addition to pursuing any other remedy <br />allowed at law or in equity or otherwise provided in this Agreement, Developer may bring an <br />action for equitable relief seeking the specific performance of the terms and conditions of this <br />Agreement, and/or enjoining, abating, or preventing any violation of such terms and conditions, <br />and/or seeking to obtain any other remedy consistent with the purpose of this Agreement. <br />10.6 Remedies Cumulative• No Consequential Damages. Except as otherwise <br />expressly stated in this Agreement, the rights and remedies of the Parties are cumulative, and the <br />exercise by any Party of one or more of such rights or remedies shall not preclude the exercise by <br />it, at the same or different time, of any other rights or remedies for the same or any other default <br />by the other Party. Notwithstanding anything to the contrary set forth herein, a party's right to <br />recover damages in the event of a default shall be limited to actual damages and shall exclude <br />consequential damages. <br />10.7 Inaction Not a Waiver of Default. No failure or delay by any Party in asserting <br />any of its rights and remedies as to any default shall operate as a waiver of such default or of any <br />such rights or remedies, nor deprive any Party of its rights to institute and maintain any action or <br />proceeding which it may deem necessary to protect, assert or enforce any such rights or remedies <br />in the same or any subsequent default. <br />ARTICLE XI <br />INDEMNITY AND INSURANCE. <br />11.1 Indemnity. Developer shall indemnify, defend (with counsel approved by <br />Agency) and hold Indemnitees harmless from and against any and all Claims, including without <br />limitation, Claims arising directly or indirectly, in whole or in part, as a result of or in connection <br />with Developer's or Developer's contractors, subcontractors, agents or employees development, <br />construction, improvement, operation, ownership or maintenance of the Project or the Property, <br />or any part thereof or otherwise arising out of or in connection with Developer's performance <br />under this Agreement. Developer's indemnification obligations under this Section 11.1 shall not <br />extend to Claims resulting from the gross negligence or willful misconduct of Indemnitees. The <br />provisions of this Section 11.1 shall survive the issuance of a Certificate of Completion for the <br />Project and the expiration or earlier termination of this Agreement. It is further agreed that <br />Agency and City do not and shall not waive any rights against Developer that they may have by <br />reason of this indemnity and hold harmless agreement because of the acceptance by Agency or <br />City, or the deposit with Agency or City by Developer, of any of the insurance policies described <br />in this Agreement. <br />11.2 Liability and Workers Compensation Insurance. <br />(a) Developer and all contractors working on behalf of Developer on the Project shall <br />maintain a commercial general liability policy in the amount of Two Million Dollars <br />($2,000,000) combined single limit, Four Million Dollars ($4,000,000) annual aggregate, or such <br />~s~o~o-a 34 <br />