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09B
City of Pleasanton
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2018
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020618
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09B
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CITY CLERK
CITY CLERK - TYPE
AGENDA REPORT
DOCUMENT DATE
2/6/2018
DESTRUCT DATE
15Y
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(d) Terminate this Agreement pursuant to Section 9.3; <br />(e) Pursue any and all other remedies available under this Agreement or under <br />law or equity to enforce the terms of the City Documents and City's rights thereunder. <br />9.5 Developer's Remedies Upon an Event of City Default. Upon the occurrence of an <br />Event of City Default, in addition to pursuing any other remedy provided in this Agreement, <br />Developer may bring an action for equitable relief seeking the specific performance of the terms <br />and conditions of this Agreement, and/or enjoining, abating, or preventing any violation of such <br />terms and conditions. <br />9.6 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 either Party of one or more of such rights or remedies shall not preclude the exercise <br />by it, at the same or different time, of any other rights or remedies for the same or any other <br />default by the other Party. <br />9.7 Inaction Not a Waiver of Default. No failure or delay by either 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 either Party of its rights to institute and maintain any action <br />or proceeding which it may deem necessary to protect, assert or enforce any such rights or <br />remedies in the same or any subsequent default. <br />9.8 Rights of Mortgagees. Any rights of the City under this Article IX shall not <br />defeat, limit or render invalid any mortgage or deed of trust permitted by this Agreement or any <br />rights provided for in this Agreement for the protection of holders of such instruments. <br />9.9 Construction Plans. If this Agreement is terminated by mutual agreement of the <br />Parties or by City as a result of an Event of Developer Default, the Developer, at no cost to the <br />City, shall deliver to the City copies of all construction plans and studies in the Developer's <br />possession or in the possession of the Developer' s consultants related to development of the <br />Project on the Property, including without limitation, the Construction Plans, subject only to the <br />rights of senior lenders identified in the Financing Plan as it may be updated with City approval. <br />If the City utilizes the Construction Plans or studies, the City shall indemnify the Developer for <br />any claims arising from such use. <br />9.10 Rights of Limited Partners. If the Project has been transferred to an Approved <br />Partnership, whenever City delivers any notice of default hereunder, City shall concurrently <br />deliver a copy of such notice to the limited partner(s) in accordance with Section 11.3. The <br />limited partner(s) shall have the same right as Developer to cure or remedy any default hereunder <br />within the cure period provided to Developer; provided however, if the default is of such nature <br />that the limited partners reasonably determine that it is necessary to replace the general partner of <br />Developer in order to cure such default, then the cure period shall be extended by an additional <br />sixty (60) days after the removal and replacement of such general partner, provided that the <br />limited partners have promptly commenced and diligently proceeded with all requisite actions to <br />effect such removal and replacement. <br />OAK #4845-1087-0362 v5 <br />37 <br />
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