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business in the State of Ohio and well rated by national rating organizations. Mayfran shall <br />furnish to the Village certificates or other evidence of such insurance prior to the Village's <br />entering into a loan agreement with the State of Ohio or the issuance of the Village's notes to <br />finance the Public Ixnprovements. The proceeds of such insurance shall be used to pay the <br />costs of repairing, restoring, or rebuilding the loss or damage to the Property occasioning the <br />payment of such proceeds; and <br />(b) Mayfran shall commence the repair, restoration <br />of the Property <br />within twelve (12) months after any damage or des,truction and diligently pi e the same to <br />completion. <br />covenants to the Village that it has fu: <br />Agreement; and that the signing, deP <br />contemplated hereby <br />action. Mayfran agrees <br />accordance <br />and assigns. No <br />transferring title to <br />and authorized by all necessary <br />upon it, and its successors and assigns, in <br />upon its signing is a legal, valid and binding <br />Agreement shall be binding upon Mayfran and its successors <br />Agreement is intended to or shall be merged by reason of any deed <br />or any part of the Property to any successor in interest of Mayfran, <br />and any such deed shall not be deemed to affect or impair the provisions and covenants of this <br />Agreement. <br />a <br />Company. an b presents warrants and <br />orit erform its obligations under this <br />an forma of this Agreement and all documents <br />Draft of T.I.F. Agreement between Mayf`ield Village and MF Real Estate Partners, LLC <br />Page 8 of 18 As of 11/18/05 4:19 PM <br />Section 8. Representations of