RES 17969 - Laserfiche WebLink

with all requisite actions to effect such removal and replacement City shall provide a copy of any notice of default hereunder to the limited partners at the address set forth in Section 11 3 hereof, or to such other address provided to the City in writing, concurrently with the provision of such notice to Owner 9 2 Remedies Upon the occurrence of an Event of Default and its continuation beyond any applicable cure period, City may proceed with any of the following remedies. (i) Bnng an action for equitable relief seeking the specific performance of the terms and conditions of this Agreement, and/or enjoining, abating, or preventing any violation of such terms and conditions, and/or seeking declaratory relief, (n) Accelerate and declare the balance of the Note and interest accrued thereon immediately due and payable and proceed with foreclosure under the Deed of Trust; (iii) For violations of obligations with respect to rents for Restricted Units, impose as liquidated damages a charge in an amount equal to the actual amount collected in excess of the Affordable Rent, (iv) Pursue any other remedy allowed under the City Documents or at law or in equity Each of the remedies provided herein is cumulative and not exclusive The City may exercise from time to time any rights and remedies available to it under applicable law or in equity, in addition to, and not in lieu of, any rights and remedies expressly provided in this Agreement. 10 Indemnity To the greatest extent permitted by law, Owner shall indemnify, defend (with counsel approved by City) and hold the Indemnitees harmless from and against all Claims ansing directly or indirectly, in whole or in part, as a result of or in connection with Owner's construction, management, or operation of the Property and the Project or any failure to perform any obligation as and when required by this Agreement. Owner's indemnification obligations under this Section 10 shall not extend to Claims to the extent resulting from the gross negligence or willful misconduct of Indemnitees. The provisions of this Section 10 shall survive the expiration or earlier termination of this Agreement City does not and shall not waive any rights against Owner that it may have by reason of any indemnity and hold harmless provision set forth in this Agreement because of the acceptance by City, or the deposit with City by Owner, of any of the insurance policies described in this Agreement 10 1 Terms Applicable to Indemnity Provisions The terms set forth in this Section 10 1 shall apply to all provisions of this Agreement that pertain to Owner's obligations to indemnify City and the other Indemnitees, including without limitation, Sections 2 6 and 10 In connection with each such provision, all of the following shall apply. 19 OAK #4832-3506-8205 v4