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?04?? Age?rcy's Cnndi#?oris of ?osil?g, ?'he Ael?cy's abliatian to proceed <br />??ith the losing for each Phase is subject to the fulfillt?nelit, or ??aivet" b? tl?e Ael?cy ?xeclrtive <br />Director, a?' each and all of tl?e conditions precedent ?a? tl?rolrgl? ?i}, lnclusrve, described below <br />Frith respect to such Phase the "Agency's conditions Pr'ecedet?t"}, ?vl?ich are solely fat{ the <br />benefit of Agency, and ?vhtclr slrall be fulfilled or waived on or' before tl?e applicable ?uts?de <br />losing Date" At?y cor?ditian not specifically waived prior to such Claslri shall be deemed <br />?varved lrpo?l arl?eyance for the Phase associated ?vitl? such closing: <br />?a} ??o Defr?????. Prior to tl?e dose of ?scr"o?v far' such Phase, the <br />Developer leas not co?r?mitted and failed to cure any defa??lt ire al?y of its ohllatians under the <br />tee"r??s of this Ar'eelrrent ??ith respect to s??ch P??ase a??d all representatiarrs arr?? ?varrar?ties of tl?e <br />Developer contail?ed l?e?'ei?? shall be tare and cor'r'ect ir7 all n?ater{ial r'espects? <br />?b? ?a???rer?? o, f C'??s?rr Coss a?rc? ?????c??ase ??•i?, ?'??e D?elopei" <br />shall lave deposited. tl?e P??rclrase Price fog" s??cl? Phase and all casts payable by Developez" ?' <br />s??c?? losing into ?scro?v in accordance ??rrth Section Zoe lr?to Escro??r. <br />?c? .?xec?r?iorr o? ??????t?ert?s. ?'he De?elape?i sill have executed and, <br />as necessary far recardatior?, shall lave lead acknowledged, any daeur?terrt required l?ere??r?der <br />?vitl? r"espect to such Please and shall lave deliver+ed srlcl? dacurner?ts into Escrow ?it?clt?ding, <br />?vrtl?out llrrrltat?ot?, the once of?ffor"lability Restrrctrorrs?, <br />?d } o??c???rra? 5??? ?'?a?? ????? ????? use ????a?•o??a?s" Tl?e Developer <br />shall ?i} have obtained City ?lld Agel?cy Execrrtivo Director approval ofthe ot?ceptual Site Play <br />and final a??strrrctror? Drawings for' all of tl?e Developer ?rnpro?el??er?ts rll s?rcl? Phase, iii} Dave <br />obtained all Laud Use Approvals necessary for• the development of such Phase, as set forth itl <br />Sectlorr ??3 hereof, and ?ii?? take such actions as are necessary to ir?s??re t??at buildi??g pertrtits for <br />the developlrrent of s??cl? Phase shall be issued concurrently ?vrtl? losing o tl?e portion of the <br />Site associated ???rth s??cli Phase, or' detrror?strate to Agency's reasarlable satrsfactlotl that bulldln <br />permits for" tl?e development of such Phase are ready to be issued b?rt for the pay?t?er?t of fees <br />associated tl?ere?vith, at?d that the funds r?ecessar{y for tl?e paylrre??t a? such fees leas been <br />allocated}reserved al?d cot?rlnrtted rr? the cot?st???lction fit?atlcltl or equrty contr'tbutlal?s ?v??lcl? at'e <br />available upon and after' tl?e date oftl?e losing, <br />?e? ?i?srr?•ace? Tire Developer s??all have provided proof of ii?sural?ce <br />as req?iired by Section D? l?er•eof?vitl? respect to such Phase, <br />? ?'rncr?rci??, Tl?e Agency shall leave appr'o??ed the Evidence of <br />onstr??ctio?a Fit?a??cii?g of tl?e De??eloper Irnpr'over??ents foci ??c}? ?'l?ase as Provided ire <br />Section ? ? ? ?rereof at??l the financl??g consistent with the Evidence of o??st?auction Financing <br />far suer Phase shall have ceased and. funded or+ be ready to olose and fiend at the applicable <br />losit?g? <br />?g? er?e??a? ?'o????"c?c???? o??tRac?. Tile Developer shall leave provided <br />oi" caused to be provided to the Agency Executive Director a cop?r afa valid and binding contract <br />bet?veer? the Developer a??d ot?e or' mare California-licensed gel?e?'al contractors for' the <br />coi?tructiot? of tl?e Developed ?mproven?ei?ts associated ?vitl? s??cl? Phase, certified by tl?e <br />DO C??11 SID ??7v 1 ?I2??2?2-??? 1 <br />?7