Event of Default by the City. Upon the occurrence of default by the City, the Company shall give written notice of such default, and if City has not cured the default within thirty (30) days within said written notice, this Agreement may be terminated by the Company. The Company shall have the right to seek specific performance of the City’s obligation to make the Grant Payments set forth in Section 4(b) hereof, as its sole and exclusive remedy.
Appears in 2 contracts
Sources: Economic Development Program Grant Agreement, Economic Development Program Grant Agreement