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� <br /> u7 <br /> �� <br /> �� TABLE OF <br /> �, CONTENTS <br /> � <br /> �� <br /> Page <br /> ,� ARTICLE VI: CONDITIONS PRECEDENT TO CITY OBLIGATIONS AND ONGOING <br /> � BENEFITS..................................................................................................................................... 8 <br /> „ 6.1 Conditions Precedent to Transaction.......................................................................................8 <br /> �; <br /> Q 62 Conditions Precedent to Real Property Tax Increment......................................................... 8 <br /> 0 <br /> w ARTICLE VII: OPERATION OF THE PROJECT................................................................. S <br /> 7.1 Operation and Maintenance of the Project.............................................................................. 8 <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........................................................................................................................... 9 <br /> 8.4 Duration of Covenants............................................................................................................. 10 <br /> 8.5 Covenants Running with the Land......................................................................................... 10 <br /> 8.6 Covenants Binding for the Benefit of Town........................................................................... 10 <br /> 8.7 Forms of Covenants and Restrictions..................................................................................... 10 <br /> ARTICLE IX: INDEMNIFICATION...................................................................................... 10 <br /> 9.1 Redeveloper Indemnification of the City............................................................................... 10 <br /> 9.2 City Indemnification of the Redeveloper............................................................................... 11 <br /> ARTICLE X: PROHIBITIONS AGAINST ASSIGNMENT AND TRANSFER................. 12 <br /> 10.1 Prohibition Against Transfer of Project and Project Site Prior to Completion of <br /> Construction............................................................................................................................. 12 <br /> 10.1.1 Prohibitions........................................................................................................................................ 12 <br /> 10.1.2 Conditions for Approval................................................................................................................... 12 <br /> 10.2 Transfer of Project After Completion of Construction........................................................ 13 <br /> 10.3 Status of Assignee..................................................................................................................... 14 <br /> 10.4 Assignment to Affiliated Entity............................................................................................... 14 <br /> 10.5 No Release of Redeveloper...................................................................................................... 14 <br /> ARTICLE XI: DEFAULT AND REMEDIES......................................................................... 14 <br /> 11.1 Events of Default...................................................................................................................... 14 <br /> 11.1.1 Misrepresentation.............................................................................................................................. 14 <br /> 11.1.2 Breach................................................................................................................................................. 14 <br /> 11.2 Remedies Upon Default........................................................................................................... 14 <br /> 11.3 Other Rights and Remedies of City and Redeveloper: Delay in Performance Waiver..... 15 <br /> 11.3.1 No Waiver by Delay........................................................................................................................... 15 <br /> 11.3.2 Rights and Remedies Cumulative.................................................................................................... 15 <br /> 11.3.3 Delay in Performance........................................................................................................................ 15 <br /> City of Decatur/Pines Shopping Center Redevelopment Agreement ii <br />