City’s Obligations. A. Following the execution of this Agreement, the CITY shall begin efforts to implement the activities described in Article I of this Agreement. The failure by the CITY to develop and implement the activities described in Article I of this Agreement shall constitute a breach of this Agreement. The CITY understands and agrees that, in the event termination of this Agreement by CITY, or pursuant to Article VII of this Agreement, the CITY shall reimburse the IDC the full amount of money paid by the IDC to the CITY.
Appears in 3 contracts
Samples: Economic Development Grant Agreement, Economic Development Grant Agreement, Economic Development Grant Agreement
City’s Obligations. A. Following the execution of this Agreement, the CITY shall begin efforts to implement the activities described in Article I of this Agreement. The failure by the CITY to develop and implement the activities described in Article I of this Agreement shall constitute a breach of this Agreement. The CITY understands and agrees that, in the event termination of this Agreement by CITY, or pursuant to Article VII V of this Agreement, the CITY shall reimburse the IDC the full amount of money paid by the IDC to the CITY.
Appears in 3 contracts
Samples: Economic Development Grant Agreement, Economic Development Grant Agreement, Economic Development Grant Agreement
City’s Obligations. A. Following the execution of this Agreementagreement, the CITY City shall begin efforts to implement the activities described in Article I of this Agreementagreement. The failure by the CITY City to develop and implement the activities described in Article I of this Agreement shall constitute a breach of this Agreement. The CITY City understands and agrees that, that in the event of termination of this Agreement by CITYthe City, or pursuant to Article VII of this AgreementV, the CITY City shall reimburse the IDC the full amount of money paid by the IDC to the CITYCity.
Appears in 1 contract
Samples: www.galvestontx.gov