OPA: Grimshaw House - City of Anaheim

504.3 Creation of Market Rate Housing Units. .......................44
(A) INTENTIONALLY OMITTED. .......................44
(B) Recordation of Release of Memorandum of Agreement. ....44
504.4 Payment of Additional Purchase Prices. .......................44
505. Effect of Violation of the Terms and Provisions of this Agreement After
Completion of Construction. .......................................45
600. INSURANCE AND INDEMNIFICATION. ................................45
601. Developer’s Insurance. ...........................................45
601.1 Insurance Coverage Required Prior to Commencing Any Activities
and Until the Recordation of the Release of Memorandum of
Agreement. ...............................................45
601.2 Insurance Coverage Required Prior to Construction and Until the
Issuance of the Release of Construction Covenants. ..............46
601.3 Insurance Coverage Required After the Issuance of the Release of
Construction Covenants and Until the Recordation of the Release of
Memorandum of Agreement. ................................46
601.4 Agency’s Authority to Reduce Coverage. ......................47
601.5 Required Clauses and Provisions in Policies. ...................47
601.6 Required Certificates and Endorsements. ......................48
601.7 Remedies for Defaults Re: Insurance. .........................48
601.8 Obligation to Repair and Restore Damage Due to Casualty Covered
by Insurance. .............................................49
601.9 No Obligation to Repair and Restore Damage Due to Casualty Not
Covered by Insurance. ......................................49
602. Indemnification. .................................................49
700. DEFAULTS AND REMEDIES. ..........................................50
701. Default Remedies. ...............................................50
702. Institution of Legal Actions. .......................................50
703. Termination by Developer Prior to Conveyances. .....................50
704. Termination by Agency Prior to Conveyances. ........................50
705. Reentry and Revesting of Title to Site After Closing and Prior to Issuance of
Release of Construction Covenants. .................................51
706. Acceptance of Service of Process. ...................................52
707. Rights and Remedies Are Cumulative. ..............................53
708. Inaction Not a Waiver of Default. ..................................53
709. Applicable Law. .................................................53
710. Attorneys’ Fees. .................................................53
800. TRANSFERS AND ASSIGNMENTS OF INTEREST IN PROPERTY OR
AGREEMENT. .......................................................53
801. General Prohibition Against Developer’s Transfers and Assignments. ....53
802. Permitted Transfers by Developer. .................................54
803. Agency Consideration of Requested Transfer. ........................54
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