Emergency Defaults. Anything in this AMDA notwithstanding, if the Town Council finds on the record that a default materially impairs a compelling interest of the Town and that any delays in imposing such a default would also impair a compelling interest of the Town then the Town may impose the remedies of Section 9.4 without complying with the requirements of Sections 9.5. The Town shall give Notice to Master Developer of any public meeting at which an emergency default is to be considered and the Master Developer shall be allowed to address the Town Council at that meeting regarding the claimed emergency Default.
Appears in 2 contracts
Sources: Annexation and Master Development Agreement, Annexation and Master Development Agreement