Developer’s Remedies. (a) Upon the occurrence of any Event of Default by the City, the Developer may pursue any legal remedy or remedies specifically including damages as set forth below (specifically excluding specific performance and other equitable remedies), and termination of this Agreement; provided, however, that the Developer shall have no right to terminate this Agreement unless the Developer delivers to the City a second notice which expressly provides that the Developer will terminate within thirty (30) days if the default is not addressed as herein provided.
Appears in 3 contracts
Samples: Austin Colony Development Agreement, Graylou Grove Development Agreement, Estates Development Agreement
Developer’s Remedies. (a) Upon the occurrence of any Event of Default by the City, the Developer may pursue any legal remedy or remedies (specifically including damages as set forth below (specifically excluding specific performance and other equitable remedies), and termination of this Agreement; provided, however, that the Developer shall have no right to terminate this Agreement unless the Developer delivers to the City a second notice which expressly provides that the Developer will terminate within thirty (30) days if the default is not addressed as herein provided.thirty
Appears in 1 contract
Developer’s Remedies. (a) Upon the occurrence of any Event of Default by the City, the Developer may pursue any legal remedy or remedies (specifically including damages as set forth below (specifically excluding specific performance and other equitable remedies), and termination of this Agreement; provided, however, that the Developer shall have no right to terminate this Agreement unless the Developer delivers to the City a second notice which expressly provides that the Developer will terminate within thirty (30) days if the default is not addressed as herein provided.
Appears in 1 contract
Samples: Reimbursement Agreement
