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10B Action 2009 0406
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10B Action 2009 0406
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Last modified
4/3/2009 10:49:32 AM
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4/3/2009 10:49:24 AM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Staff Report
Document Date (6)
4/6/2009
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PERM
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_CC Agenda 2009 0406
(Reference)
Path:
\City Clerk\City Council\Agenda Packets\2009\Packet 2009 0406
RDA MO 2009-001
(Reference)
Path:
\City Clerk\City Council\Minute Orders\2009
RDA Reso 2009-009
(Reference)
Path:
\City Clerk\City Council\Resolutions\2009
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following remedies: <br />(a) Bring an action for equitable relief seeking the specific performance <br />of the terms and conditions of this Agreement, and/or enjoining, abating, or preventing <br />any violation of such terms and conditions, and/or seeking declaratory relief; <br />(b) Accelerate and declare the balance of the Note and interest <br />accrued thereon immediately due and payable and proceed with foreclosure under the <br />Deed of Trust; <br />(c) For violations of obligations with respect to rents for Restricted <br />Units, impose as liquidated damages a charge in an amount equal to the actual amount <br />collected in excess of the Affordable Rent; <br />(d) Pursue any other remedy allowed at law or in equity. <br />Each of the remedies provided herein is cumulative and not exclusive. The <br />Agency may exercise from time to time any rights and remedies available to it under <br />applicable law or in equity, in addition to, and not in lieu of, any rights and remedies <br />expressly provided in this Agreement. <br />10. Indemnity. Owner shall indemnify, defend (with counsel approved by Agency) <br />and hold Agency, the City, and their respective elected and appointed officers, officials, <br />employees, agents, and representatives (collectively, the "Indemnitees") harmless from <br />and against all liability, loss, cost, expense (including without limitation attorneys' fees <br />and costs of litigation), claim, demand, action, suit, judicial or administrative proceeding, <br />penalty, deficiency, fine, order, and damage (all of the foregoing collectively "Claims") <br />arising directly or indirectly, in whole or in part, as a result of or in connection with <br />Owner's construction, management, or operation of the Property and the Project or any <br />failure to perform any obligation as and when required by this Agreement. Owner's <br />indemnification obligations under this Section 10 shall not extend to Claims resulting <br />from the gross negligence or willful misconduct of one or more Indemnitees. The <br />provisions of this Section 10 shall survive the expiration or earlier termination of this <br />Agreement. It is further agreed that Agency does not and shall not waive any rights <br />against Owner that it may have by reason of this indemnity and hold harmless <br />agreement because of the acceptance by Agency, or the deposit with Agency by <br />Owner, of any of the insurance policies described in this Agreement or the OPA. <br />11. Miscellaneous. <br />11.1 Amendments. This Agreement may be amended or modified only by a <br />written instrument signed by both Parties. <br />11.2 No Waiver. Any waiver by Agency of any term or provision of this <br />Agreement must be in writing. No waiver shall be implied from any delay or failure by <br />Agency to take action on any breach or default hereunder or to pursue any remedy <br />allowed under this Agreement or applicable law. No failure or delay by Agency at any <br />iieonia-4 1 6 <br />
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