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Article Four: CONSTRUCTION OF IMPROVEMENTS AND OTHER <br />Article Five: CHANGES IN DEVELOPER .............................. 13 <br />5.01 Identity of Developer ......... :........................... 13 <br />5.02 Changes Only Pursuant To This Agreement .................... 13 <br />5.03 Prohibition Against Transfer of Property and Assignment of <br />Agreement .............................................. 13 <br />5.04 Exception to Prohibition Against Transfer . .................... 14 <br />Article Six: GENERAL REMEDIES DURING DEVELOPMENT ............. 14 <br />6.01 Scope of Remedies . ...................................... 14 <br />6.02 No Fault of Parties . ...................................... 14 <br />6.03 Fault of Agency .......................................... 15 <br />6.04 Fault of Developer ....................................... 16 <br />Article Seven: SPECIFIC REQUIREMENTS REGARDING REMEDIES ....... 17 <br />7.01 Right of Reverter ......................................... 17 <br />7.02 Construction Plans . ...................................... 18 <br />7.03 Rights of Mort a ees...................................... 18 <br />PART TWO: GENERAL PROVISIONS ............................... 19 <br />Article One: GENERAL REQUIREMENTS AFTER CONSTRUCTION ....... 19 <br />1.01 Applicability . ........................................... 19 <br />1.02 Operating Covenant......................................19 <br />Disposition and Development Page ii of iii <br />Agreement - Vanuatu Properties Draft December 4, 1997 <br />REQUIREMENTS......................................10 <br />4.01 <br />Construction Pursuant to Plans . ............................ <br />10 <br />4.02 <br />Change in Construction Plans ............................... <br />10 <br />4.03 <br />Construction Plans Must Be Approved ........................ <br />10 <br />4.04 <br />Completion of the Improvements and Use of Property............ <br />10 <br />4.05 <br />Pro erg ss Reports.........................................11 <br />4.06 <br />Agency to Receive Cope of Construction Contract . .............. <br />11 <br />4.07 <br />Equal Opportunite....................................... <br />11 <br />4.08 <br />Certificate of Completion for Improvements............ I <br />....... 12 <br />4.09 <br />Construction Bonds. .....................................12 <br />4.10 <br />Implementation of Mitigation Measures ....................... <br />12 <br />4.11 <br />Reciprocal Easements and Cross Parking ...................... <br />12 <br />4.12 <br />Parcel Maj2 .............................................13 <br />Article Five: CHANGES IN DEVELOPER .............................. 13 <br />5.01 Identity of Developer ......... :........................... 13 <br />5.02 Changes Only Pursuant To This Agreement .................... 13 <br />5.03 Prohibition Against Transfer of Property and Assignment of <br />Agreement .............................................. 13 <br />5.04 Exception to Prohibition Against Transfer . .................... 14 <br />Article Six: GENERAL REMEDIES DURING DEVELOPMENT ............. 14 <br />6.01 Scope of Remedies . ...................................... 14 <br />6.02 No Fault of Parties . ...................................... 14 <br />6.03 Fault of Agency .......................................... 15 <br />6.04 Fault of Developer ....................................... 16 <br />Article Seven: SPECIFIC REQUIREMENTS REGARDING REMEDIES ....... 17 <br />7.01 Right of Reverter ......................................... 17 <br />7.02 Construction Plans . ...................................... 18 <br />7.03 Rights of Mort a ees...................................... 18 <br />PART TWO: GENERAL PROVISIONS ............................... 19 <br />Article One: GENERAL REQUIREMENTS AFTER CONSTRUCTION ....... 19 <br />1.01 Applicability . ........................................... 19 <br />1.02 Operating Covenant......................................19 <br />Disposition and Development Page ii of iii <br />Agreement - Vanuatu Properties Draft December 4, 1997 <br />