a. In the event of default under an employee withholdings credit agreement, the City may suspend the credit until such time as the default is cured or the City may terminate the credit. The Approved Company shall immediately begin paying to the City one hundred percent (100%) of all employee withholdings upon notification of a suspension or termination of the credit.
b. In the event the City initiates legal proceedings to enforce its rights under the incentive program agreement and/or this Subchapter, it shall be entitled to collect its costs, reasonable attorney's fees and any other charges imposed or authorized by the incentive program agreement or this Subchapter.
c. The failure of the City to declare a default in any event thereof shall not constitute a waiver thereof.
d. The remedies contained in the Job Development Incentive agreement, this Subchapter and Chapter 18 shall be cumulative and in addition to any other remedy authorized by law. Said remedies may be exercised separately, together or in any combination thereof, and any such exercise shall not constitute a waiver of any remaining remedies.
(Ord. BG94-47, 12/6/94; Ord. BG2006-32, 9/19/2006; Ord. BG2011-17, 4/19/2011; Ord. BG2016-49, 1/3/2017)