Laserfiche WebLink
Metadata
Document management portal powered by Laserfiche WebLink 9 © 1998-2015 Laserfiche. All rights reserved.
5. Fail to comply with all t and eondi6ons of this Agreement; or <br />6, Make any false representations 01' WaMntieS to Paris EDC to induce this economic <br />incentive agreement, <br />default, Paris EDC shall have the rigbi to: <br />L Suspend and refuse to pay to Campbell Soup any unfunded pertions olf the Economii <br />Incentives referenced in this Agreement, <br />2Sue for reimbursement and/or repayment of all Fconornic Incentive payments paid by <br />Paris EDC to Campbell Soup pursuant to this Agreerrient, plus interest, costs an,;, <br />attorney*s fees. <br />3, Suspend as ofthe tax year in which the Event of DefkWt occurs, all tax abatements <br />,gmted to Campbell Soup which are still in force and effect, so that Campbell Soup will <br />be required to pay ad valorem taxes at the market value of the improvWnents with respect <br />to wbich taxes have been abated for the year in which the Event of Default occurs and all <br />future years. <br />C. Dispute Mediation: Notwithstanding the foregoing provisions to the contrary, the parlies <br />hereto agree to mediste any disputes they have agamist one another before filing a lawsuit , , Ile <br />parties will attempt to agree on a professional attorney/mediator based in or wiHing to condt4gi <br />the mediation in Paris, Texas, but if this is not possible, the parties will engage an <br />J�4 0 <br />Directors, of Paris EDC <br />Campbell Soup hereby represents and warrants to Paris EDC that the following representations <br />are true and comet as of The date of execution hereof and will continue to be true, and correct <br />throughout the term of this Agreemem: <br />A. Campbell Sogartized, validly existing and In good standing undeT the laws of <br />the State of Delaware, and is duly qualified to do business in the State of Texas, as a <br />foreip limited liability company, and has all corporate power and authority to carry on <br />its business as presently oonducted ir, Texas, <br />B, Campbell Soup warrants and represents that it has the authority to enter into and to <br />perform this Agreement, and that the person signing this Agreement on behalf of <br />Campbell Soup is duly authorized to do so by the members of Campbell Soup Supply <br />Company, LLC and by any atnborily neoded by its parent corporation ar by other <br />M <br />