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6.1 Conditions Precedent to Transaction........................................................................................8 <br /> 6.2 Conditions Precedent to Public Investment.......................................... ........9 <br /> i <br /> ARTICLE VII: OPERATION OF THE PROJECT.................................................................9 <br /> 7.1 Operation and Maintenance of the Project.................................. <br /> ARTICLE VIII: REDEVELOPER COVENANTS AND RESTRICTIONS..........................9 <br /> 8.1 Project Subject to Redevelopment Plan and Agreement........................................................9 <br /> 8.2 Non-discrimination.....................................................................................................................9 <br /> 8.3 Property Taxes..........................................................................................................................10 <br /> 8.4 Duration of Covenants.............................................................................................................10 <br /> 8.5 Covenants Running with the Land................:........................................................................ 11 <br /> 8.6 Covenants Binding for the Benefit of City.............................................................................11 <br /> 8.7 Forms of Covenants and Restrictions.....................................................................................11 <br /> ARTICLE IX: INDEMNIFICATION...................................................................................... 11 <br /> i9.1 Redeveloper Indemnification of the City................................................................................11 <br /> 9.2 City Indemnification of the Redeveloper................................................................................12 <br /> ARTICLE X: PROHIBITIONS AGAINST ASSIGNMENT AND TRANSFER.................13 <br /> 10.1 Prohibition Against Transfer of Project and Project Site Prior to Completion of <br /> Construction..............................................................................................................................13 <br /> 10.1.1 Prohibitions..........................................................................................................................................13 <br /> 10.1.2 Conditions for Approval.....................................................................................................................13 <br /> 10.2 Transfer of Project After Completion of Construction......................................................... 14 <br /> 10.3 Status of Assignee.....................................................................................................................15 <br /> 10.4 Assignment to Affiliated Entity...............................................................................................15 <br /> 10.5 No Release of Redeveloper.......................................................................................................15 <br /> ARTICLE XI: DEFAULT AND REMEDIES......................................................................... 16 <br /> 11.1 Events of Default.......................................................................................................................16 <br /> 11.1.1 Misrepresentation................................................................................................................................16 <br /> 11.1.2 Breach...................................................................................................................................................16 <br /> 11.2 Remedies Upon Default............................................................................................................16 <br /> 11.3 Other Rights and Remedies of City and Redeveloper:Delay in Performance Waiver.....16 <br /> 11.3.1 No Waiver by Delay.............................................................................................................................16 <br /> 11.3.2 Rights and Remedies Cumulative......................................................................................................17 <br /> 11.3.3 Delay in Performance..........................................................................................................................17 <br /> ARTICLE XII: TERMINATION OF AGREEMENT............................................................ 18 <br /> 12.1 Termination by the City...........................................................................................................18 <br /> 12.2 Termination by the Redeveloper............................................................................................. 18 <br /> �I <br /> Prepared by Jack B.Teplitz&Associates. ii <br />