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FULL PACKET_2019-04-16
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FULL PACKET_2019-04-16
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City Clerk
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Agenda Packet
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Clerk of the Council
Date
4/16/2019
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obligations (including removal and remediation), losses, claims (including third party <br />claims), suits, judgments, liabilities, penalties, damages (including consequential and <br />punitive damages), costs and expenses (including consultants, and attorneys' fees) of <br />whatever kind or nature whatsoever that may at any time be incurred by, imposed on, or <br />asserted against the Indemnitees directly or indirectly based on, or arising or resulting from <br />the actual or alleged presence of Hazardous Materials on the Property, other than resulting <br />from the gross negligence or willful misconduct of any hidemnitee. <br />15. OTHER AFFIRMATIVE COVENANTS <br />While any obligation of Developer under the Inclusionary Promissory Note or <br />Inclusionary Deed of Trust remain outstanding, the following provisions shall apply, <br />except to the extent that City Project Manager otherwise consents in writing: <br />15.1 Existence. The sole member of Developer's managing general partner shall <br />maintain its existence in good standing under the laws of the State of California, and <br />Developer shall provide documentation of such status annually to the City. <br />15.2 Protection of Lien. Developer shall maintain the lien of the Inclusionary <br />Deed of Trust as a deed of trust on the Property in the same priority as at the <br />commencement of construction and take all actions to execute and deliver to City all <br />documents, reasonably required by City from time to time in connection therewith. <br />15.3 Notice of Certain Matters. Developer shall give notice to City, within ten <br />(10) days of Developer's learning thereof, of each of the following: <br />(a) any filed litigation or claim affecting or relating to the <br />Property and involving an amount in excess of $5,000; and any litigation or claim that <br />might subject Developer or any general partner to liability in excess of $5,000, whether <br />covered by insurance or not; <br />(b) any dispute between Developer and a Governmental <br />Authority relating to the Property, the adverse determination of which might materially <br />affect the Property; <br />(c) any change in Developer's principal place of business; <br />(d) any aspect of the Improvements that is not in substantial <br />conformity with the plans or code; <br />(e) any event which after the giving of all required notices and <br />the expiration of all applicable cure periods, would constitute an Event of Default; <br />(f) any material default by Developer or any other party under <br />any Senior Loan document, or the receipt by Developer of any notice of default under any <br />Senior Loan document; <br />80A-223 <br />
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