Common use of Emergency Defaults Clause in Contracts

Emergency Defaults. Anything in this Agreement notwithstanding, if the Council finds on the record that a default materially impairs a compelling, countervailing interest of the City and that any delays in imposing such a default would also impair a compelling, countervailing interest of the City then the City may impose the remedies of subparagraph 8.4 without meeting with Property Owner as required under subparagraph 8.

Emergency Defaults. Anything in this Pre-Annexation Agreement notwithstanding, if the City Council finds on the record that a default materially impairs a compelling, countervailing interest of the City and that any delays in imposing such a default would also impair a compelling, countervailing interest of the City then the City may impose the remedies of subparagraph 8.4 Section 9.4 without meeting with Property Owner as required under subparagraph 8the requirements of Sections 9.1, 9.2 or 9.