R2005-151 AUTHORIZING REDEVELOPMENT AGREEMENT Olde Towne TIF

Home Browse Search

. . �� ; �, $ SPG3 � 5 deadlines hereunder, if such event is claimed in writing delivered within ten (10) days of the occurrence of the event giving rise thereto. 9. ASSIGNMENT The rights and obligations of Developer under this Agreement shall be assignable, in whole and not in part, with (i) not less than 20 business days' (or such lesser notice acceptable to the Municipality) written notice by the Developer to the Municipality and (ii) the written approval of such assignment by the Municipality, including on such ternis and conditions as the Municipality shall require; provided that no such assignment shall be deemed to release the Developer of its obligations to the Municipality under this Agrcement unless the consent of the Municipality to the release of the Developer's obligations is first obtained. 10. PREPAYMENTS The Municipality absolutely reserves the right, prior to the expiration of the term of this Agreement and to the extent lawful, in its sole discretion, to prepay all or any part of its obliga.tions under this Agreement or any Note. 11. WAIVER Any party to this Agreement may elect to waive any remedy it may have hereunder, provided that no such waiver shall be deemed to exist unless the party waiving such right or remedy does so in writing. No such waiver shall obligate such party to waive any other right or remerly hereunder, or shall be deemed to constitute a waiver of other rights and remedies provided pursuant to this Agreement. 12. SEVERABILITY If any section, subsection, term or provision of this Agreement or the application thereof to any party or circumstance shall, to any extent, be invalid or unenforceable, the remainder of such section, subsection, term or provision of this Agreement or the application of same to parties or circumstances other than those to which it is held invaid or unenforceable, shall not be affected thereby. 13. NOTICES All notices, demands, requests, consents, approvals or other instruments required ar permitted by this Agreement shall be in writing and shall be executed by the party or an o�cer, agent or attorney of the party, and shall be deemed to have been effective as of the date of actual delivery, if delivered personally, or as of the third (3rd) day from and including the date of posting, if mailed by registered or certified mail, return receipt requested, with postage prepaid, addressed as follows (or to such other address as is provided by notice):