My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
TINY TIM LP (C/O COMMUNITY DEVELOPMENT PARTNERS) (2)
Clerk
>
Contracts / Agreements
>
T
>
TINY TIM LP (C/O COMMUNITY DEVELOPMENT PARTNERS) (2)
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
3/25/2020 12:53:12 PM
Creation date
4/29/2019 10:25:45 AM
Metadata
Fields
Template:
Contracts
Company Name
TINY TIM LP (C/O COMMUNITY DEVELOPMENT PARTNERS)
Contract #
A-2019-058
Agency
COMMUNITY DEVELOPMENT
Council Approval Date
4/16/2019
Destruction Year
0
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
108
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
extended pursuant to Section 19.5) and thereafter diligently restores the Property in <br />accordance with this Agreement; <br />(f) Work on the construction ceases for thirty (30) consecutive <br />days for any reason (other than governmental orders, decrees or regulations, acts of God or <br />any other deity, strikes or other causes beyond Developer's reasonable control); <br />(g) Developer is enjoined or otherwise prohibited by any <br />Governmental Authority from constructing and/or occupying the Improvements and such <br />injunction or prohibition continues unstayed for sixty (60) days or more for any reason; <br />(h) Developer is dissolved, liquidated or terminated, or all or <br />substantially all of the assets of Developer are sold or otherwise transferred without the <br />City Project Manager's prior written consent; <br />(i) Developer is the subject of an order for relief by a <br />bankruptcy court, or is unable or admits its inability to pay its debts as they mature, or <br />makes an assignment for the benefit of creditors; or Developer applies for or consents to <br />the appointment of any receiver, trustee, custodian, conservator, liquidator, rehabilitator or <br />similar officer for it or any part of its property; or any receiver, trustee, custodian, <br />conservator, liquidator, rehabilitator or similar officer is appointed without the application <br />or consent of Developer and the appointment continues undischarged or unstayed for <br />ninety (90) days; or Developer institutes or consents to any bankruptcy, insolvency, <br />reorganization, arrangement, readjustment of debt, dissolution, custodianship, <br />conservatorship, liquidation, construction or similar proceeding relating to it or any part of <br />its property; or any similar proceeding is instituted without the consent of Developer and <br />continues undismissed or unstayed for ninety (90) days; or any judgment, writ, warrant of <br />attachment or execution, or similar process is issued or levied against any property of <br />Developer and is not released, vacated or fully bonded within ninety (90) days after its <br />issue or levy; or <br />0) (i) any of the Senior Loan Documents is revoked or <br />terminated, in whole or in part and for any reason (except due to repayment of such loans), <br />without the City Project Manager's prior written consent, or (ii) Developer defaults or <br />otherwise fails to perform any of its duties or obligations under or in connection with any <br />of the Senior Loan Documents, subj ect to all applicable notice and cure periods, or (iii) any <br />of the Senior Loan Documents is amended, supplemented or otherwise modified without <br />City's prior written consent, which consent shall not be unreasonably withheld. <br />Notwithstanding anything to the contrary contained herein, City hereby agrees that <br />any cure of any default made or tendered under this Agreement or under the other <br />Inclusionary Loan Documents by Developer's Limited Partner shall be deemed to be a cure <br />by Developer and shall be accepted or rejected on the same basis as if made or tendered by <br />Developer. <br />20.2 Remedies Upon Default. Upon the occurrence of any Event of Default, <br />City may, at its option and in its absolute discretion, do any or all of the following: <br />
The URL can be used to link to this page
Your browser does not support the video tag.