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6B(1)
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08-06-10 Packet
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6B(1)
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hereunder unless the City either approves, consents to, or acquiesces in such proceedings, <br />or such proceedings are not dismissed within 60 days. <br />13.1.5. An order, judgment or decree is entered, without the application, approval <br />or consent of the City, by any court of competent jurisdiction approving the appointment <br />of a receiver, trustee or liquidator of the Commission of all or a substantial part of its <br />assets, and such order, judgment or decree shall continue in effect for a period of 60 days. <br />14. Remedies of the City. Upon the occurrence of an Event of Default, the City may <br />exercise, singly or in combination, any or all of the rights, powers and privileges set forth in this <br />Agreement, the Cooperative Agreement and any other agreements or instruments to which the <br />City is a party and which relate to the Project Grant Funds and the Remediation Work, at law or <br />in equity, at any time and from time to time. <br />15. Secure Site. In the event of Default, the Commission shall secure the Property. The cost <br />of securing the Property is the responsibility of the Commission. If the Commission fails to <br />secure the Property within 24 hours of a Notice of Default, the City may, but shall not be <br />required to do so, at the Commission's sole cost. <br />16. Interpretation of Contract Documents. To the extent that it is determined that a <br />conflict exists between this Agreement and the Cooperative Agreement, all such agreements and <br />documents shall be construed in such manner as will give the maximum effect to each but, as to <br />any conflict which may not be so resolved, the terms and conditions of the Cooperative <br />Agreement shall control. <br />17. Miscellaneous. <br />17.1. No delay or failure of the City shall affect such right, power or privilege; nor shall <br />any single or partial exercise thereof or any abandonment or discontinuance of steps to enforce <br />such a right, power or privilege affect such right, power or privilege. The rights and remedies of <br />the City hereunder are cumulative and not exclusive. Any waiver, permit, consent or approval of <br />any kind of the City of any breach or default hereunder, or any such waiver of any provisions or <br />conditions hereof, must be in writing and shall be effective only to the extent set forth in writing. <br />17.2. The Commission shall not assign or attempt to assign directly or indirectly, any of <br />its rights under this Agreement or under any instrument referred to herein without the prior <br />written consent of the City. The Commission shall not assign all or any portion of the Property <br />made the subject of this Agreement without the prior written consent of the City. <br />17.3. This Agreement is not intended to create or vest any rights in any third party or to <br />create any third party beneficiaries. <br />17.4. All amendments to this Agreement shall be in writing and signed by both parties <br />hereto. <br />17.5. It is expressly understood that a failure or delay on the part of the Commission in <br />the performance, in whole or in part, or any of the terms of this Agreement, if such failure is <br />attributable to an Act of God, fire, flood, riot, insurrection, embargo, emergency or governmental <br />12 <br />
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