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iWa:11:111VA <br />5.4.1 In Employment. In construction on the Property, Developer shall not <br />discriminate against any employee or applicant because of race, color, creed, religion, sex, <br />marital status, disability, national origin, or ancestry. Developer shall take affirmative action <br />to ensure that applicants are employed, and that employees are treated during employment, <br />without regard to their race, color, disability, creed, religion, sex, marital status, disability, <br />national origin, or ancestry. <br />5.4.2 In all Contracts. Developer shall cause the foregoing covenants to be <br />inserted in all contracts for any work covered by this Agreement so that such provisions will <br />be binding upon each contractor for the benefit of City, provided that the foregoing covenant <br />shall not apply to contracts or subcontracts for standard commercial supplies or raw materials. <br />6. DEFAULTS AND REMEDIES <br />6.1 Event of Default. Failure or delay by either party to perform any material <br />term or provision of this Agreement within the time periods provided herein for such <br />performance constitutes a default under the Agreement. If any party defaults in performance <br />of its material obligations, covenants or agreements hereunder, the defaulting party shall be <br />entitled to cure the default in accordance with this section. The injured party shall give written <br />notice of default to the parry in default, specifying the default complained of by the injured <br />party. Delay in giving such notice shall not constitute a waiver of any default nor shall it <br />change the time of default. The defaulting parry must, within thirty (30) days following <br />service of said written notice, commence to cure, correct or remedy such failure or delay and <br />shall complete such cure, correction, or remedy with reasonable diligence. Upon a default by <br />Developer which is not cured within thirty (30) days following service of said notice, unless <br />such default cannot reasonably be cured within thirty (30) days, in which case Developer shall <br />have such additional time as reasonably necessary to complete such cure but no more than <br />ninety (90) days, the City shall have the right to terminate this Agreement by delivery of <br />written notice of termination to Developer, at which time Developer would be required to <br />repay any portion of the Grant proceeds disbursed to Developer not already expended for <br />development and construction of the Project pursuant to the Project Budget and the City may <br />enforce the Developer's construction security to complete those portions of the Project not <br />already completed. <br />6.2 City Remedies for Default. Upon termination of this Agreement for <br />Developer default, should the Developer not provide repayment of available unexpended <br />Grant proceeds or should Developer prevent City resort to the construction security, the City, <br />as its sole remedy, shall be entitled to foreclose on the construction security and to cause <br />completion of the Project, and all Developer obligations under this Agreement shall cease. <br />6.3 Limitation of Developer Remedies. In the event that the City is liable for <br />damages to Developer, such liability shall not exceed costs incurred by the Developer in the <br />performance of this Agreement and shall not extend to compensation for loss of future <br />income, profits or assets. <br />11 <br />FOOTIMPO <br />. <br />