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TABLE OF CONTENTS <br />Page <br />ARTICLEI <br />DEFINITIONS .................................................................. ............................... l <br />Section1.1 <br />Definitions ............................................................. ............................... l <br />ARTICLE II <br />REPRESENTATIONS AND WARRANTIES ................. ............................... 4 <br />Section 2.1 <br />Representations and Warranties of the City .......... ............................... 4 <br />Section 2.2 <br />Representations and Warranties of the Developer ............................... 4 <br />ARTICLE III UNDERTAKINGS BY DEVELOPER AND CITY ........ ............................... 6 <br />Section 3.1 <br />Construction of Project and Reimbursement of Construction <br />Costs...................................................................... ............................... 6 <br />Section 3.2 <br />Limitations on Undertaking of the City ................ ............................... 6 <br />Section 3.3 <br />Commencement and Completion of Construction ............................... 6 <br />Section 3.4 <br />Damage and Destruction ....................................... ............................... 6 <br />Section 3.5 <br />No Change in Use of Project ................................ ............................... 6 <br />Section 3.6 <br />Abatement Program; Abatement Revenue Note ... ............................... 6 <br />Section 3.7 <br />Business Subsidies Act ......................................... ............................... 8 <br />Section 3.8 <br />Ongoing Administrative Expenses ....................... ............................... 9 <br />ARTICLE IV <br />EVENTS OF DEFAULT .................................................. .............................10 <br />Section 4.1 Events of Default Defined .................................... .............................10 <br />Section 4.2 Remedies on Default ............................................. .............................10 <br />Section 4.3 No Remedy Exclusive ........................................... .............................10 <br />Section 4.4 No Implied Waiver ............................................... .............................10 <br />Section 4.5 Agreement to Pay Attorney's Fees and Expenses .............................11 <br />Section 4.6 Release and Indemnification Covenants ............. ............................... l 1 <br />ARTICLE V ADDITIONAL PROVISIONS ......................................... .............................12 <br />Section 5.1 Conflicts of Interest ............................................... .............................12 <br />Section 5.2 Titles of Articles and Sections .............................. .............................12 <br />Section 5.3 Notices and Demands ........................................... .............................12 <br />Section 5.4 Counterparts .......................................................... .............................12 <br />Section 5.5 Law Governing ..................................................... .............................13 <br />Section5.6 Duration ................................................................ .............................13 <br />Section 5.7 Provisions Surviving Rescission or Expiration ..... .............................13 <br />Section 5.8 Assignability of Agreement and Abatement Note .............................13 <br />EXHIBIT A LEGAL DESCRIPTION OF ABATEMENT PROPERTY ........................ A -1 <br />EXHIBIT B FORM OF ABATEMENT NOTE .................................... .............................B1 <br />2410553v3 -i- <br />