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2014-001 SAFA
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2014-001 SAFA
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Last modified
6/11/2014 11:47:57 AM
Creation date
6/11/2014 11:19:15 AM
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City Clerk
Doc Type
Resolution
Doc #
2014-001
Date
6/3/2014
Destruction Year
P
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(c) Proceedings at Law or In Equity. If an Event of Default occurs and continues hereunder, <br />the Authority may take whatever action at law or in equity may appear necessary or desirable <br />to collect the amounts then due and thereafter to become due hereunder or to enforce any other <br />of its rights hereunder. <br />(d) Remedies under the Site and Facility Lease. If an Event of Default occurs and continues <br />hereunder, the Authority may exercise its rights under the Site and Facility Lease. <br />Section 8.3. No Remedy Exclusive. No remedy herein conferred upon or reserved to the <br />Authority is intended to be exclusive and every such remedy shall be cumulative and shall be in <br />addition to every other remedy given under this Lease Agreement or now or hereafter existing <br />at law or in equity. No delay or omission to exercise any right or power accruing upon the <br />occurrence of any Event of Default shall impair any such right or power or shall be construed to <br />be a waiver thereof, but any such right and power may be exercised from time to time and as <br />often as may be deemed expedient. In order to entitle the Authority to exercise any remedy <br />reserved to it in this Article VIII it shall not be necessary to give any notice, other than such <br />notice as may be required in this Article VIII or by law. <br />Section 8.4. Agreement to Pay Attorneys' Fees and Expenses. If either party to this Lease <br />Agreement defaults under any of the provisions hereof and the nondefaulting party should <br />employ attorneys (including in -house legal counsel) or incur other expenses for the collection of <br />moneys or the enforcement or performance or observance of any obligation or agreement on the <br />part of the defaulting party herein contained, the defaulting party agrees that it will on demand <br />therefor pay to the nondefaulting party the reasonable fees of such attorneys (including <br />allocable costs and expenses of in -house legal counsel, if any) and such other expenses so <br />incurred by the nondefaulting party. <br />Section 8.5. No Additional Waiver Implied by One Waiver. If any agreement contained <br />in this Lease Agreement is breached by either party and thereafter waived by the other party, <br />such waiver is limited to the particular breach so waived and will not be deemed to waive any <br />other breach hereunder. <br />Section 8.6. Assign�ea to Exercise Rights. Such rights and remedies as are given to the <br />Authority under this Article VIII have been assigned by the Authority to the Assignees, to <br />which assignment the City hereby consents. Such rights and remedies shall be exercised solely <br />by the Assignees. <br />-29- <br />
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