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99106375
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Last modified
3/13/2012 6:13:40 PM
Creation date
10/20/2005 11:47:33 PM
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DEEDS
Inst Number
99106375
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: � <br /> 99 10637 � <br /> to Landlord pursuant to Article 9 (Payment of Costs) of this Development Agreement or <br /> Article 3 (Annual Rent) of the Ground Lease all costs and attorney's fees incurred by it in the <br /> performance of Landlord's obligations hereunder. ' <br /> 9.7 Notwithstanding anything in this Development Agreement to the contrary, <br /> Tenant shall not be required to pay any costs or fees associated with, or incurred in development <br /> of, Phase 2 of the Shopping Center following completion of development of the Phase 1 Site <br /> Work. <br /> 10. Default. <br /> 10.1 A party shall be deemed to be in default of this Development Agreement <br /> only upon the expiration of ten (10) days from receipt of written notice from the other party <br /> specifying the particulars in which such party has failed to perform the obligations of this <br /> Development Agreement unless such party, prior to the expiration of said ten (10) day period, <br /> has rectified the particulars specified in said notice. However, such party shall not be deemed to <br /> be in default if such failure (except the failure to pay money) cannot be rectified within said <br /> ten (10) day period and such party is using good faith and its best efforts to rectify the particulars <br /> specified in the notice of default. <br /> 10.2 Should Landlord default in the commencement or completion of any of the <br /> Site Work or provision of the insurance or performance and labor and material payment bonds <br /> described in Article 7 (Insurance) of this Development Agreement, Tenant may commence or <br /> complete all or any portion of the Site Work in any commercially reasonable manner in <br /> accordance with the Construction Documents and provide the insurance and performance and <br /> labor and material payment bonds and shall have all rights of reimbursement, collection and <br /> contribution set forth in Article 9 (Payment of Costs) of this Development Agreement without <br /> liability for any costs incurred by Landlord, its agents, contractors, subcontractors or employees <br /> for any work performed by Tenant subsequent to the date of default. Tenant shall also have the <br /> right to deduct from amounts otherwise due and payable to Landlord pursuant to this <br /> Development Agreement any costs incurred by Tenant to perform Landlord's obligations under <br /> this Development Agreement. <br /> 10.3 The failure of a party to insist upon strict performance of any of the terms, <br /> covenants, conditions or agreements contained herein shall not be deemed a waiver of any rights <br /> or remedies that said party may have, and shall not be deemed a waiver of any subsequent breach <br /> or default in the performance of any of the terms, covenants, conditions or agreements contained <br /> herein by the other party hereto. <br /> 10.4 In addition to the remedies set forth in this Development Agreement, each <br /> party shall have all other remedies provided by law or in the Ground Lease to the same extent as <br /> 14 <br />
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