5455 - Laserfiche WebLink

Home Browse Search

f g i i i ( iii ) The tax abatement granted by Section 353.110 Revised Statutes of Missouri ( 1978) is repealed or declared invalid; then, at the option of the Redeveloper , this Agreement may be terminated by the Redeveloper by written notice of such termi- nation given to the Authority and, neither the Authority nor the Redeveloper shall thereafter have any further rights against or liability to the other under this Agreement with respect to the Project Area. (b) In the event that there shall have been a default in or breach of this Agreement or any of its terms or condi- tions by the Redeveloper and such default or breach has not t been cured after notice given as provided herein, then, at the option of the Authority, this Agreement may be terminated by the Authority by written notice thereof to the Redeveloper, and upon such termination neither the Redeveloper nor the Authority shall have any further rights against or liability to the other under this Agreement. Section 13 . Remedies. Except as otherwise provided in this Agreement, in the event of any default in or breach of F this Agreement, or any of its terms or conditions, by either party hereto, or any successor to such party, such party (or successor ) shall, upon written notice from the other, promptly take and diligently pursue action to cure or remedy such default or breach. In case (i ) such action to cure is not taken within a reasonable time and thereafter diligently pursued and such default or breach has been cured or (ii ) such default or breach is not susceptible of being cured within a reasonable time, the aggrieved party may elect to bring an action for damages for such default or breach or may institute such proceedings as may be necessary or desirable in its opinion to cure and remedy such default or breach, including, but not limited to, proceedings to compel specific performance by the party in default or breach of its obligations, or proceedings to enjoin the party from continuing such default or breach of its obligations. i Section 14 . Notices. Any notice or demand given under this Agreement shall be in writing, and signed by a duly authorized officer of the Authority or the Redeveloper, and shall be sufficiently given or delivered if it is dispatched by registered or certified mail, postage prepaid, return receipt requested, or delivered personally and ( i ) in the case of the Redeveloper is addressed or delivered personally to the Rede- veloper as follows: Renaissance I Redevelopment Corporation, c/o Starblock Development, Inc. , 3150 Shenandoah, St. Louis, Missouri 63104, Attention: President, or ( ii ) in the case of the Authority is addressed or delivered personally to the r -6-