Laserfiche WebLink
503. Other Terms and Conditions of the Loans. <br />(a) The Agency Promissory Note and City Promissory Note shall become <br />immediately due and payable, in the event of any of the following: <br />(i) failure to complete the Project within the time set forth in the <br />Schedule of Performance; <br />(ii) violation of any of the,,.,,use covenants and restrictions <br />contained in this Agreement or any other Project Document after'he expiration of any applicable <br />notice and cure periods; <br />(iii) an Event of <br />any other Project Document which is not timely ct <br />cure periods pursuant Co the terms of this Agreetr}gfi <br />600. CONDITIONS TO <br />601. Conditions Pre <br />Sections 602 and 603 below, A, <br />the salisi'action, or waiver by the <br />601.1 <br />the authorized officer <br />necessary, each oftbe<f <br />this <br />(a) <br />(e) <br />of <br />In <br />t by T~eYg~oper under this Agreement or <br />~r expuatioH of any applicable notice and <br />applicable P,ipjeet DocumenC. <br />PROC);EllS <br />ioh"' fo.. the %Conditions Precedent set forth in <br />tion to :disburse the Loan Amounts is subject to <br />ofthe`fti]loyWing Conditions Precedent: <br />Note; <br />Deed of Trust; and <br />Restrictions, <br />to the Agency, signed by <br />;) acknowledged where <br />601.2 D2'sigh' Approvals. The Developer shall have obtained approval by the <br />Agency of the Design Development Drawings as set forth in Section 302. <br />601.3 Land IIse Approvals. The Developer shall have received all land use <br />approvals and permits required pursuant to Section 303. <br />601.4 Construction Contract; General Contractor. Developer shall have <br />provided to Agcney and City (within a reasonable time for Executive Director to review, comment <br />and approve or disapprove) a signed copy of the Construction Contracts between Developer and the <br />General Conriactor and between Developer's General Contractor and each subcontractor for the <br />construction of the lmprovements inclusive of all on-site and off-site improvements required to be <br />constructed in connection therewith, if any, certified by the General Contractor to be a true and <br />20 <br />