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NS-2895
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Last modified
5/18/2016 1:58:40 PM
Creation date
4/20/2016 10:17:09 AM
Metadata
Fields
Template:
City Clerk
Doc Type
Ordinance
Doc #
NS-2895
Date
4/5/2016
Destruction Year
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ninety (90) days of service of such notice of default, or with respect to defaults which cannot be <br />cured within such period, Developer fails to commence to cure the default within sixty (60) days <br />after service of the notice of default, or thereafter fails to diligently pursue the cure of such <br />default until completion, City may terminate Developer's rights under this Second Amendment. <br />Upon the occurrence of a default by City, as described in subsection 13(b)(i), Developer may <br />give written notice to City specifying the nature of such default. If City has not cured such <br />default within (90) days of such notice, an event of default by City shall be deemed to have <br />occurred. The occurrence of a default by City under section 13(b)(ii), above shall, at the option <br />of Developer, and upon written notice to City, immediately constitute an event of default by <br />City. <br />(d) In the event a breach of this Second Amendment occurs, irreparable harm <br />is likely to occur to the nonbreaching party and daanages may be an inadequate remedy. To the <br />extent permitted by law, therefore, it is expressly recognized that specific enforcement of this <br />Second Amendment is a proper and desirable remedy. <br />(e) In no event shall either party be entitled to damages against the other party <br />based on the other party's default under this Second Amendment. <br />13. Amendment or Cancellation <br />Except as otherwise provided for herein, this Second Amendment maybe amended or <br />canceled in whole or in part only by mutual consent of the parties, or their successors in interest, <br />and in the manner provided in Govermnent Code Sections 65865.1, 65867, 65867.5 and 65867. <br />14. Enforcement <br />Unless amended or canceled as provided in Section 14, this Second Amendment shall <br />continue to be enforceable by any party to it, notwithstanding any change or other regulations <br />adopted by City which alter or amend the rules, regulations or policies applicable to the <br />Development. <br />15. Snnnression of Agreement by Changes in State or Federal Law or by Judicial <br />Decision <br />In the event that state or federal laws, ordinances, rules, policies or regulations or the <br />laws, ordinances, rules, policies, or regulations of any other governmental or quasi - governmental <br />entity are enacted. after the Effective Date of this Second Amendment, or the action or inaction of <br />any other affected governmental jurisdiction or any judicial decision prevents or precludes <br />compliance with one or more provisions of this Second Amendment, or imposes a requirement <br />on the Development materially different than as otherwise contemplated by this Second. <br />Amendment, or requires changes in plans, reaps or permits approved by City or changes in the <br />development standards set forth in this Second Amendment, the parties shall: <br />(a) Provide the other party with written notice of such restriction, together <br />with a copy of the applicable law, rule, regulation or policy and a statement in reasonable detail <br />setting forth the conflict of same with the provisions of this Second Amendment; and <br />-11- <br />
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