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ARTICLE IV: PUBLIC INVESTMENT................................................................................. 12 <br /> 4.1 Public Investment......................................................................................................................12 <br /> 4.2 Reimbursement Conditions......................................................................................................13 <br /> 4.3 Prepayments................................................................................................................13 <br /> ARTICLE V: CONDITIONS PRECEDENT TO CITY OBLIGATIONS AND ONGOING <br /> BENEFITS...................................................................................................................................13 <br /> 5.1 Conditions Precedent to Transaction......................................................................................13 <br /> 5.2 Operation and Maintenance of the Project............................................................................14 <br /> ARTICLE VI: DEVELOPER COVENANTS AND RESTRICTIONS................................. 14 <br /> 6.1 Project Subject to Development Agreement...........................................................................14 <br /> 6.2 Non-discrimination...................................................................................................................14 <br /> 6.3 Property Taxes..........................................................................................................................14 <br /> 6.4 Duration of Covenants..............................................................................................................15 <br /> 6.5 Covenants Running with the Land..........................................................................................15 <br /> 6.6 Covenants Binding for the Benefit of City..............................................................................15 <br /> 6.7 Forms of Covenants and Restrictions.....................................................................................15 <br /> ARTICLE VII: INDEMNIFICATION..................................................................................... 15 <br /> 7.1 Developer Indemnification of the City....................................................................................15 <br /> 7.2 City Indemnification of the Developer....................................................................................16 <br /> ARTICLE VIII: PROHIBITIONS AGAINST ASSIGNMENT AND TRANSFER............ 17 <br /> 8.1 Prohibition Against Transfer of Project and Project Site Prior to Completion of <br /> Construction..............................................................................................................................17 <br /> 8.1.1 Prohibitions..........................................................................................................................................17 <br /> 8.1.2 Conditions for Approval......................................................................................................................17 <br /> 8.2 Transfer of Project After Completion of Construction.........................................................18 <br /> 8.3 Status of Assignee......................................................................................................................19 <br /> 8.4 Assignment to Affiliated Entity...............................................................................................19 <br /> 8.5 No Release of Developer...........................................................................................................19 <br /> ARTICLE IX: DEFAULT AND REMEDIES.........................................................................19 <br /> 9.1 Events of Default........................................................................................................................19 <br /> 9.1.1 Misrepresentation.................................................................................................................................19 <br /> 9.1.2 Breach..................................................................................................................................................19 <br /> 9.2 Remedies Upon Default............................................................................................................19 <br /> 9.3 Other Rights and Remedies of City and Developer:Delay in Performance Waiver..........20 <br /> 9.3.1 No Waiver by Delay............................................................................................................................20 <br /> 9.3.2 Rights and Remedies Cumulative........................................................................................................20 <br /> 9.3.3 Delay in Performance...........................................................................................................................20 <br /> 9.3.4 Waiver..................................................................................................................................................21 <br />