{"id":42208,"date":"2015-09-17T11:25:58","date_gmt":"2015-09-17T16:25:58","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-legal\/contracts\/uncategorized\/credit-enhancement-agreement-city-of-bath-maine-and-bath-iron.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"credit-enhancement-agreement-city-of-bath-maine-and-bath-iron","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/operations\/credit-enhancement-agreement-city-of-bath-maine-and-bath-iron.html","title":{"rendered":"Credit Enhancement Agreement &#8211; City of Bath, Maine, and Bath Iron Works Corp."},"content":{"rendered":"<pre>\n--------------------------------------------------------------------------------\n--------------------------------------------------------------------------------\n\n\n\n\n\n\n\n\n                          CREDIT ENHANCEMENT AGREEMENT\n                                    between\n                              CITY OF BATH, MAINE\n                                      and\n                          BATH IRON WORKS CORPORATION\n\n                         Dated as of September 19, 1997\n\n\n\n\n\n\n\n\n--------------------------------------------------------------------------------\n--------------------------------------------------------------------------------\n\n                               TABLE OF CONTENTS\n\nARTICLE I ............................................................     1\n     Section 1.1. Definitions ........................................     1\n     Section 1.2. Interpretation and Construction ....................     4\n     Section 1.3. Development Program ................................     5\n     Section 1.4. Completion .........................................     5\n     Section 1.5. City Costs .........................................     5\n     Section 1.6. Agreement Controls .................................     6\n\nARTICLE II ...........................................................     6\n     Section 2.1. Creation of Development Program Fund ...............     6\n     Section 2.2. Liens ..............................................     6\n     Section 2.3. Deposits into Development Program Fund .............     6\n     Section 2.4. Monies Held in Trust ...............................     6\n\nARTICLE III ..........................................................     7\n     Section 3.1. Credit Enhancement Payments ........................     9\n     Section 3.2. Failure to Make Payment ............................     9\n     Section 3.3. Manner of Payments .................................     9\n     Section 3.4. Obligations Unconditional ..........................     9\n     Section 3.5. Limited Obligation .................................    10\n     Section 3.6. Calculation of Retained Tax Increment ..............    10\n     Section 3.7. Revaluation ........................................    10\n\nARTICLE IV ...........................................................    10\n     Section 4.1. Pledge of Project Cost Account .....................    10\n     Section 4.2. Perfection of Interest .............................    11\n     Section 4.3. Further Instruments ................................    11\n     Section 4.4. No Disposition of Developer Subaccount .............    11\n     Section 4.5. Access to Books and Records ........................    11\n\nARTICLE V ............................................................    11\n     Section 5.1. Events of Default ..................................    11\n     Section 5.2. Remedies on Default ................................    12\n     Section 5.3. Remedies Cumulative ................................    12\n\n                                       i\n     \n\n\n                                                                   \n     Section 5.4.  Agreement to Pay Attorneys' Fees and Expenses.....  13\n     Section 5.5.  Tax Laws..........................................  13\n\nARTICLE VI...........................................................  13\n     Section 6.1.  Effective Date and Term...........................  13\n     Section 6.2.  Cancellation and Expiration of Term...............  13\n\nARTICLE VII..........................................................  13\n     Section 7.1.  Consent to Pledge and\/or Assignment...............  13\n     Section 7.2.  Pledge, Assignment or Security Interest...........  14\n     Section 7.3.  Assignment........................................  14\n\nARTICLE VIII.........................................................  14\n     Section 8.1.  Successors........................................  14\n     Section 8.2.  Parties in Interest...............................  14\n     Section 8.3.  Severability......................................  14\n     Section 8.4.  No Personal Liability of Officials of the City....  14\n     Section 8.5.  Counterparts......................................  14\n     Section 8.6.  Governing Law.....................................  15\n     Section 8.7.  Notices...........................................  15\n     Section 8.8.  Amendments........................................  15\n     Section 8.9.  Net Agreement.....................................  15\n     Section 8.10. Benefit of Assignee or Pledges....................  15\n     Section 8.11. Integration.......................................  15\n     Section 8.12. Disputes..........................................  15\n     Section 8.13. Arbitration.......................................  16\n\n\n\n\n\n                                       ii\n\n\n     THIS CREDIT ENHANCEMENT AGREEMENT dated as of Sept. 19, 1997, between the\nCity of Bath, Maine (the 'City'), a municipal body corporate and politic and a\npolitical subdivision of the State of Maine, and Bath Iron Works Corporation\n(the 'Developer'), a Maine corporation with a place of business in Bath, Maine,\n\n                                WITNESSETH THAT\n\n     WHEREAS, the City designated The Bath Iron Works Municipal Development and\nTax Increment Financing District #1 and The Bath Iron Works Municipal\nDevelopment and Tax Increment Financing District #2 (the 'Districts') pursuant\nto Chapter 207 of Title 30-A of the Maine Revised Statutes, as amended, by\naction of the City Council at a City Council Meeting held on April 8, 1997 (the\n'Vote') and pursuant to the same Vote adopted a development program and\nfinancial plan for the Districts (the 'Development Program'); and\n\n     WHEREAS, the Maine Department of Economic and Community Development has\nreviewed and accepted the District and the Development Program effective April\n   , 1997; and\n\n     WHEREAS, the Development Program contemplates the execution and delivery\nof a credit enhancement agreement between the City and the Developer; and\n\n     WHEREAS, the City and the Developer desire and intend that this Credit\nEnhancement Agreement be and constitute the credit enhancement agreement\ncontemplated by and described in the Development Program;\n\n     NOW, THEREFORE, in consideration of the foregoing and in consideration of\nthe mutual promises and covenants set forth herein, the parties hereby agree as\nfollows:\n\n                                   ARTICLE I\n                          DEFINITIONS: INTERPRETATIONS\n\n     SECTION 1.1.  DEFINITIONS.  The terms defined in this Article I shall, for\nall purposes of this Agreement, have the meanings herein specified, unless the\ncontext clearly requires otherwise:\n\n     'Agreement' shall mean this Credit Enhancement Agreement between the City\nand the Developer.\n\n     'Captured Assessed Value' shall mean the valuation amount by which the\nthen current assessed value of the Districts exceeds the Original Assessed\nValue of the Districts.\n\n     'City' means the City of Bath, Maine, a municipality duly organized and\nexisting under the laws of the State of Maine.\n\n     'City Share' means (a) all of the Retained Tax Increment Revenues other\nthan the Developer Share thereof plus (b) all interest and earnings on all of\nthe Retained Tax Increment Revenues, except as provided in Section 3.1(e)\nhereof.\n\n\n                                       1\n\n     'Developer' means Bath Iron Works Corporation, a Maine corporation with a\nplace of business in Bath, Maine.\n\n     'Development Program' means the development program for the District as\nadopted by the Bath City Council at a Meeting held on April 8, 1997.\n\n     'Development Program Fund' means the development program fund described in\nthe Financial Plan section of the Development Program and established and\nmaintained pursuant to Article II hereof.\n\n     'Developer Share' means (a) 100% of the Real Property Increment with\nrespect to the Land Level Facility and 50% of the Real Property Increment with\nrespect to the Existing Facility and 50% of the Personal Property Increment\nwith respect to the Land Level Facility and 50% of the Personal Property\nIncrement with respect to the Existing Facility, for each of the twenty-five\nyears of the term of this Agreement (commencing with the year 1999 Tax Year) of\nthe Retained Tax Increment Revenues, provided, however, that such percentages\nshall be reduced to the following amounts at such time that the aggregate\namount of payments by the City to the Developer during the term of this\nAgreement and pursuant to this Agreement equal $85,000,000; 100% of the Real\nProperty Increment with respect to the Land Level Facility with respect to\nassessed value equal to the assessed value of Land Level Facility (District #1)\nreal property as of April 1, 2002; 35% of the Real Property Increment with\nrespect to the Land Level Facility with respect to assessed value of real\nproperty in excess of the assessed value of Land Level Facility (District #1)\nreal property as of April 1, 2002; 35% of the Personal Property Increment with\nrespect to the Land Level Facility; 35% of the Real Property Increment with\nrespect to the Existing Facility; and 35% of the Personal Property Increment\nwith respect to the Existing Facility.\n\n     In the event that the Tax Shift Formulas are changed and as a result the\nCity's Tax Shift amount is decreased by reason of inclusion in the City's\nvaluation for purposes of the Tax Shift Formulas of any portion of the Captured\nAssessed Value with respect to which the Developer's Share is determined\nhereunder, then, commencing with the later of (a) the 2009 Fiscal Year or (b)\nthe Fiscal Year in which the Tax Shift Formulas are changed, the Developer Share\nshall be reduced by an amount equal to 50% of the difference, calculated solely\nwith respect to the Developer Share of the Retained Tax Increment, between (a)\nthe Tax Shift as determined using the method set forth in the current Tax Shift\nFormulas and (b) the Tax Shift as properly determined using the then effective\nState laws relating to state aid to education, revenue sharing and county tax;\nany reduction under this paragraph shall be calculated annually and applied to\nreduce the payments of the Developer Share on the next scheduled payment date\nherein following such calculation.\n\n     A change in the Tax Shift resulting other than from including Captured\nAssessed Value in the City's valuation shall not result in a reduction of the\nDeveloper's Share.\n\n     Anything in this Agreement to the contrary notwithstanding, for purposes\nof calculating the Developer's Share, the platform for the Land Level Transfer\nSystem (the concrete pad, filled\n\n\n\n\n                    \n                                      2 \n\nland and pilings supporting the structures thereon) shall be included within\nthe real property increment of the Land Level Facility.\n\n     'District(s)' means the Bath Iron Works Corporation Municipal Development\nand Tax Increment Financing District #1 ('District #1') and The Bath Iron Works\nMunicipal Development and Tax Increment Financing District #2 ('District #2')\ndesignated by the City pursuant to Chapter 207 of Title 30-A of the Maine\nRevised Statutes, as amended, by vote at City Council Meeting held on April 8,\n1997, which Districts shall include the Existing Facility and the Land Level\nFacility.\n\n     'Effective Date' means Sept. 19, 1997.\n\n     'Existing Facility' means the Property consisting of the existing\nshipbuilding facility of the Developer, located on the parcel shown on Tax Map\n27 as Parcel 142 within District #2, including all land, buildings, and all\npersonal property located on such parcel as of April 1 each year subject to\nCity ad valorem taxes together with all improvements or additions thereto\nwithin the existing geographic boundaries of such facility, all as currently\ndepicted on Exhibit A hereto.\n\n     'Financial Plan' means the financial plan described in the 'Financial\nPlan' Section of the Development Program.\n\n     'Fiscal Year' means July 1 to June 30 of each year or such other fiscal\nyear as the City may from time to time establish; for purposes of this\nAgreement, the Fiscal Year 1999 means the Fiscal Year commencing July 1, 1999\nand ending June 30, 2000 and the Fiscal Year 2023 means the Fiscal Year\ncommencing July 1, 2023 and ending June 30, 2024.\n\n     'Land Level Facility' means the land level facility to be constructed in\nDistrict #1 by the Developer adjacent to the Existing Facility, together with\nall land, buildings, personal property located on such adjacent land as of\nApril 1 of each year subject to City ad valorem taxes together with all\nimprovements or additions thereto as depicted on Exhibit B hereto.\n\n     'Original Assessed Value' means $128,011,800, the assessed value of the\nDistricts as of March 31, 1997 as the same may be adjusted from time to time in\naccordance with Section 3.7 hereof.\n\n     'Personal Property Increment' means that portion of the Tax Increment\nattributable to increases in personal property valuations with respect to\npersonal property located in the Districts.\n\n     'Project' means the design, planning, development, acquisition,\nconstruction and operation of the Land Level Facility and other Bath Iron Works\nCorporation improvements within the Districts as described in the Development\nProgram.\n\n     'Project Cost Account' means the project cost account described in the\nFinancial Plan Section of the Development Program consisting of the City\nSubaccount and the Developer\n\n\n                                       3\n\nSubaccount and established and maintained pursuant to Article II hereof and to\nprovisions of 30-A M.R.S.A. Section 5254(3)(A)(2).\n\n     'Project Costs' means 'project costs' as defined in 30-A M.R.S.A.\nSection 5152(8).\n\n     'Property' means all real property and all personal property now or\nhereafter located in the Districts.\n\n     'Property Taxes' means any and all ad valorem property taxes levied,\ncharged or assessed against real or personal property in the Districts by the\nCity, or on its behalf.\n\n     'Real Property Increment' means that portion of the Tax Increment\nattributable to increases in real estate valuations with respect to real estate\nlocated in the Districts.\n\n     'Retained Tax Increment Revenues' means that portion of the Tax Increment\nto be retained by the City and deposited into the Development Program Fund\npursuant to the terms of the Development Program and this Agreement.\n\n     'Tax Increment' means the real and personal property taxes exclusive of\nany state, country or special district tax, assessed by the City on the\ncaptured assessed value of property within the Districts, which Tax Increment\nshall consist of the Real Property Increment and the Personal Property\nIncrement.\n\n     'Tax Payment Date' means the date(s) on which property taxes levied by the\nCity are due and payable from owners of property located within the City.\n\n     'Tax Shift' means the decrease in county tax payable by the City and the\nincreases in State aid for education and revenue sharing in all three cases\nresulting from the exclusion of Captured Assessed Value from the City's\nvaluation in calculating such amounts of county tax, State aid to education and\nrevenue sharing under the current Tax Shift Formulas.\n\n     'Tax Shift Formulas' mean the formulas currently utilized by the State of\nMaine in calculating (a) the county tax payable in accordance with 30-A M.R.S.A.\nSection 706 and 36 M.R.S.A. Sections 305(1), 381; (b) the municipal revenue\nsharing distribution of the Local Government Fund in accordance with 30-A\nM.R.S.A. Section 5681; and (c) State aid to education, including aid for\ntotal operating costs, total program cost allocation (taking into account the\nmaximum local share or circuit breaker) and total debt service cost allocation\n(taking into account the maximum local share or circuit breaker), all as\ncomputed in accordance with Maine Department of Education Form ED 261.\n\n     SECTION 1.2. INTERPRETATION AND CONSTRUCTION. In this Agreement, unless\nthe context otherwise requires:\n\n     a) The terms 'hereby,' 'hereof,' 'hereto,' 'herein,' 'hereunder' and any\nsimilar terms, as used in this Agreement, refer to this Agreement, and the term\n'hereafter' means after, and the term 'heretofore' means before, the date of\ndelivery of this Agreement.\n\n\n\n                                  4\n\n          (b) Words importing a particular gender mean and include correlative\n     words of every other gender and words importing the singular number mean\n     and include the plural number and vice versa.\n\n          (c) Words importing persons mean and include firms, associations,\n     partnerships (including limited partnerships), trusts, corporations and\n     other legal entities, including public or governmental bodies, as well as\n     any natural persons.\n\n          (d) Any headings preceding the texts of the several Articles and\n     Sections of this Agreement, and any table of contents or marginal notes\n     appended to copies hereof, shall be solely for convenience of reference and\n     shall not constitute a part of this Agreement, nor shall they affect its\n     meaning, construction or effect.\n\n          (e) Except as otherwise provided herein, all approvals, consents and\n     acceptances required to be given or made pursuant to this Agreement by any\n     signatory hereto shall not be withheld unreasonably, provided, that this\n     paragraph shall not apply to approvals, consents and acceptances under\n     applicable laws, ordinances and codes, including, without limitation, land\n     use ordinances.\n\n          (f) All notices to be given hereunder shall be given in writing and,\n     unless a certain number of days is specified, within a reasonable time.\n\n          (g) If any clause, provision or Section of this Agreement shall be\n     ruled invalid by any court of competent jurisdiction, the invalidity of\n     such clause, provision or Section shall not affect any of the remaining\n     provisions hereof except as otherwise provided in Section 3.4 hereof.\n\n     SECTION 1.3. DEVELOPMENT PROGRAM. Neither this Agreement nor the\nDevelopment Program obligate the Developer to construct the Land Level Facility\nor to make any other improvements to its facility.     \n\n     SECTION 1.4. COMPLETION. The Developer shall have completed as much of the\nDevelopment Program as will qualify for financial assistance hereunder within\nfive (5) years after the Effective Date. If none of the Development Program is\ncompleted within five (5) years after the Effective Date, then this Agreement\n(except Section 1.5 pertaining to costs) and the District shall terminate at\nthe end of five (5) years after the Effective Date. Notwithstanding any other\nprovision hereof, no payments shall be made or be payable by the City to the\nDeveloper under this Agreement unless such payments are used to pay or\nreimburse the Developer for Project Costs incurred within five (5) years of the\nEffective Date pursuant to proper documentation thereof provided by the\nDeveloper pursuant to Section 3.1(d) hereof.\n\n     SECTION 1.5. CITY COSTS. The Developer shall pay or reimburse the City for\nall reasonable fees, expenses and other charges of the City and its\nconsultants, including the City's attorneys, accountants and overtime of the\nCity's appraiser, tax assessor and other City staff, in connection with the\nreview, negotiation, approval, execution, administration, enforcement and\n\n                                       5\n\ncarrying out of this Agreement and the review, negotiation, approval,\nadministration, enforcement and carrying out of the Development Program.\nNotwithstanding any of the provision of this Agreement, this section shall\nsurvive any termination of this Agreement.\n\n     SECTION 1.6. AGREEMENT CONTROLS. In the event of any inconsistency between\nthis Agreement and the Development Program, the terms and provisions of this\nAgreement shall take precedence, to the extent permitted by law, over the\ninconsistent provisions of the Development Program.\n\n                                   ARTICLE II\n                 PROJECT COST ACCOUNT AND FUNDING REQUIREMENTS\n\n     SECTION 2.1. CREATION OF DEVELOPMENT PROGRAM FUND. The City hereby\nconfirms the creation and establishment of a segregated fund in the name of the\nCity designated as the 'Bath Iron Works Corporation Municipal Development Tax\nIncrement Financing District Program Fund' (the 'Development Program Fund')\npursuant to, and in accordance with the terms and conditions of, the\nDevelopment Program. The Development Program Fund shall consist of the Project\nCost Account. The Project Cost Account shall consist of the City Subaccount and\nthe Developer Subaccount.\n\n     SECTION 2.2 LIENS. The City shall not create any liens, encumbrances or\nother interests of any nature whatsoever, nor shall it hypothecate the Developer\nSubaccount of the Project Cost Account of the Development Program Fund or any\nfunds therein or revenues resulting from investment of funds therein, other\nthan the interest of the Developer granted under this Agreement in and to the\namounts on deposit in the Developer Subaccount, provided, however, nothing\nherein shall prohibit creation of real and personal property tax liens on the\nDeveloper's property in accordance with, and entitled to the priority provided\nunder, Maine law.\n\n     SECTION 2.3. DEPOSITS INTO DEVELOPMENT PROGRAM FUND. The City shall\ndeposit into the Developer Subaccount of the Project Cost Account within\nfifteen (15) days after the City's receipt thereof, an amount equal to the\nDeveloper Share of the Retained Tax Increment Revenues for the period to which\nthe payment relates. All amounts deposited in or transferred to the Developer\nSubaccount of the Project Cost Account shall be paid to the Developer in\naccordance with Article III of this Agreement. All interest and earnings on the\nRetained Tax Increment Revenues prior to and after deposit thereof into the\nProject Cost Account shall be the sole property of the City and shall be free\nand clear of any interest of the Developer under this Agreement.\n\n     SECTION 2.4. MONIES HELD IN TRUST. Except as otherwise permitted in this\nAgreement, all monies required to be deposited with or paid into the Developer\nSubaccount of the Project Cost Account to fund payments to Developer under the\nprovisions hereof and the provisions of the Development Program, shall be held\nby the City, in trust, for the benefit of the Developer in accordance with the\nprovisions of this Agreement.\n\n                                       6\n\n     All funds in the City Subaccount of the Project Cost Account shall be the\nsole and exclusive property of the City and shall not be subject in any way to\nthe terms or provisions of this Agreement.\n\n                                  ARTICLE III\n                              PAYMENT OBLIGATIONS\n\n     SECTION 3.1. CREDIT ENHANCEMENT PAYMENTS. (a) The City shall retain and\ndeposit, within fifteen (15) days following each Tax Payment Date or the date\npayment is actually received by the City with respect to Property in the\nDistricts, whichever is later, in the Developer Subaccount of the Project Cost\nAccount, the Developer Share of the Tax Increment in each year commencing with\nthe City's Fiscal Year 1999 and continuing thereafter through and including the\nFiscal Year 2023.\n\n     Notwithstanding the foregoing, if at any time the assessed value of the\nExisting Facility is less than the Original Assessed Value, then the amount\npayable with respect to the Land Level Facility shall be reduced by an amount\nequal to the difference between the Property Taxes that would be then payable\non an amount equal to Original Assessed Value and the Property Taxes payable on\nthe then assessed value of the Existing Facility.\n\n     (b) Subject to the provisions of this Agreement, the City agrees to pay\nDeveloper, within fifteen (15) days following each Tax Payment Date or the date\npayment is actually received by the City, whichever is later, the Developer\nShare of the Retained Tax Increment Revenues resulting from the Property Tax\npayments due on such Tax Payment Date and actually received by the City with\nrespect to Property in the Districts.\n\n     (c) If, with respect to any Tax Payment Date, Developer fails to pay any\nportion of the Property Taxes assessed by the City, because of a valuation\ndispute or otherwise, the property taxes actually paid by Developer with\nrespect to such Tax Payment Date shall, first, be applied to taxes due on\naccount of Original Assessed Value and, second, shall constitute Retained Tax\nIncrement Revenues.\n\n     (d) The Developer agrees that all payments made will be used and applied\nto either pay debt service on indebtedness incurred to finance 'Project Costs'\nas that term is defined under Act and described in the Development Program or\nused to pay directly, amortize or reimburse Developer for payment of, qualified\nProject Costs.  The City shall be required to make payments under this\nAgreement only upon receipt of satisfactory documentation that the amounts are\nbeing paid for Project Costs pursuant to Section 1.4 hereof, which\ndocumentation shall be in the form of properly completed certificates, executed\nby the Developer in the form attached hereto as Exhibit A.\n\n     In addition, notwithstanding any other provisions of this Agreement,\nincluding, without limitation, the provisions of Section 3.1(a)-(b), the City\nshall not be obligated to make any payments to the Developer unless the\nDeveloper provides such documentation evidencing that Developer has incurred\nProject Costs after the date of this Agreement equal to or greater than\n$65,000,000 by December 31, 1999 and $120,000,000 by December 31, 2000 relating\nto\n\n                                       7\n\nconstruction and equipping of the Land Level Facility and\/or the Existing\nFacility. Developer shall repay to City any payments made hereunder if Developer\nfails to meet its obligation set forth above.\n\n     (e) The Developer (and its successors and assigns, as owners of property\nin the District) shall pay to the City, when due, all Property Taxes and\nassessments with respect to property of the Developer in the City of Bath. If\nsuch Property Taxes and assessments are not paid when due, the City may\nwithhold and suspend all payments under this Agreement until such Property\nTaxes and assessments and all interest thereon and other costs relating thereto\nare paid in full. In addition, if the Developer institutes any tax abatement\nproceeding with respect to any Property in the District, the City may withhold\nand suspend all payments of the Developer Share of the Tax Increment with\nrespect to the items of Property subject to the abatement proceeding, and shall\ndeposit the withheld amount into a separate interest bearing escrow account.\nUpon final action and completion of such abatement proceeding, the proper\namount (based on the results of the abatement proceedings plus an allocable\nshare of the interest accrued thereon) held in escrow account shall be paid to\nthe Developer.\n\n     (f) Developer covenants and agrees that (i) in the event any part of the\nProperty now or hereafter located in the District should be valued at less than\nits full value or is now exempt from payment of Property Tax for any reason or\nfor any reason hereafter becomes exempt from payment of Property Tax,\nincluding, but not limited to, any portion of the Land Level Facility being\nlocated on submerged land or if any of the Property is now or hereafter leased\nby Developer from any person or entity including, without limitation, any\nsubmerged or intertidal lands lease from the State of Maine and any lease from\nany private land owner or (ii) in the event that title to any property in the\nDistrict is hereafter transferred to any entity exempt from the payment of\nProperty Taxes, including, without limitation, the State of Maine or any agency\nor authority thereof, or (iii) in the event that any submerged lands lease\nexpires or is transferred to another party, then Developer, its successors and\nassigns, as owner, lessee or user of real estate in the District and as a\ncovenant running with the land shall be obligated to pay to the City each year\nduring and after the expiration or termination of this Agreement, an amount\nequal to (a) 100% of the Property Taxes that would be assessed by the City on\nsuch Property, as if and under the assumption that all such Property were fully\ntaxable and owned in fee by Developer and not exempt from Property Taxes less\n(b) solely during the twenty-five (25) year term of this Agreement, the portion\nof the amounts described in the preceding clause (a) that would have been\npayable to the Developer, or its successors and assigns, under Section 3.1(a)\nif such Property were taxable. The covenants in this paragraph shall survive\nexpiration or termination of this Agreement. Notwithstanding the foregoing, the\nprovisions of this paragraph 3.1(f) shall not apply to property taken by\neminent domain or conveyed to any governmental entity under a bona fide threat\nof condemnation, except for such period of time, if any, as Developer, its\nsuccessors or assigns, continues to operate any business on the Property\nfollowing such condemnation or deed in lieu of condemnation.\n\n     (g) Developer agrees that for purposes of this Agreement and for purposes\nof the assessment of Property Tax, the following shall constitute personal\nproperty: (a) dry docks (but excluding landing grids consisting of the large\ncement blocks located under the dry dock area); (b) cranes; (c) rail systems\nfor cranes and ships; (d) portable staging and welding equipment; (e)\n\n\n\n                                       8\n\n\npersonnel lifts; (f) modular or mobile equipment and work stations; (g) support\nequipment; (h) outfit support terminals; (i) ship transfer systems; (j) process\npiping; (k) manufacturing process wiring; (l) fire suppression systems; (m)\nfender bumper systems; and (n) all property that is personal property under\napplicable law.\n\n     When an issue arises as to whether an item is considered real or personal\nproperty, the determining factor is whether the item in question primarily\nsupports the manufacturing process, in which case it shall be considered\npersonal property, or supports a building or structure or constitutes an\nimprovement to the land, in which case it shall be considered real property.\n\n     SECTION 3.2  FAILURE TO MAKE PAYMENT.  In the event the City should fail\nto, or be unable to, make any of the payments required under the foregoing\nprovisions of this Article III, the item or installment so unpaid shall\ncontinue as a limited obligation of the City, under the terms and conditions\nhereinafter set forth, until the amount unpaid shall have been fully paid.\nDeveloper shall be entitled to initiate an action against the City to\nspecifically enforce its obligations hereunder, including without limitation\nthe city's obligation to establish and maintain the Development Program Fund,\ndeposit all Retained Tax Increment Revenues into the Developer Subaccount of\nthe Project Cost Account established thereunder and make required payments to\nDeveloper.\n\n     SECTION 3.3  MANNER OF PAYMENTS.  The payments provided for in this\nArticle III shall be paid directly to the Developer in the manner provided\nhereinabove for its own use and benefit by check drawn on the City.\n\n     SECTION 3.4  OBLIGATIONS UNCONDITIONAL.  Except as otherwise provided in\nthis Agreement or as required by applicable law, the obligations of the City to\nmake the payments described in this Agreement in accordance with the terms\nhereof shall be absolute and unconditional, and the City shall not suspend or\ndiscontinue any payment hereunder or terminate this Agreement for any cause,\nirrespective of any defense or any rights of setoff, recoupment or counterclaim\nit might otherwise have against the Developer, other than by reason of and to\nthe extent provided in a final judgment by a court of competent jurisdiction.\n\n     Notwithstanding the foregoing, the City reserves the right to terminate\nthis Agreement upon receipt of a final judgment by a court of competent\njurisdiction to the effect that this Agreement or the Development Program (or\nthe designation of the Districts) adopted in connection herewith or any payment\nmade thereunder or hereunder is or would be illegal or invalid or not properly\nauthorized. Such termination shall not, however, affect the Developer's\nobligation to defend and indemnify the City, which obligations shall survive\nany such termination. In addition, the City may setoff any amount found by the\ncourt of competent jurisdiction to be due to the City from the Developer or\nfrom the owner of any property in the District.\n\n     The Developer agrees to defend, indemnify, pay, reimburse and hold the\nCity, its councilors, officers, agents and employees, harmless from any and all\nclaims, suits, liabilities, actions, proceedings and expenses, including,\nwithout limitation, attorneys fees and expenses and accountant's fees and\nexpenses, arising out of this Agreement, the Development Program or any\n\n\n                                       9\n\nclaim of illegality or invalidity of this Agreement or the Development Program\nor the City's approval of the District, this Agreement or the Development\nProgram or out of the City's preparation and participation in this Agreement or\nthe Development Program.\n\n     SECTION 3.5.  LIMITED OBLIGATION.  The City's obligations under this\nAgreement, including the City's obligations of payment hereunder shall be\nlimited obligations of the City payable solely from the Developer Share of the\nRetained Tax Increment Revenues actually paid by the Developer and\/or other\ntaxpayers with respect to Property in the Districts and actually received by\nthe City and pledged therefor under this Agreement. The City's obligations\nhereunder shall not constitute a general debt or a general obligation or charge\nagainst or pledge of the faith and credit or taxing power of the City, the\nState of Maine, or of any municipality or political subdivision thereof, but\nshall be payable solely from such Developer Share of the Retained Tax Increment\nRevenues actually paid by the Developer and\/or other taxpayers with respect to\nProperty in the Districts and actually received by the City. This Agreement\nshall not directly or indirectly or contingently obligate the City, the State\nof Maine, or any other municipality or political subdivision to levy or to\npledge any form of taxation whatever therefor or to make any appropriation for\ntheir payment, excepting the pledge of the Developer Share of the Retained Tax\nIncrement Revenues established under this Agreement.\n\n     SECTION 3.6.  CALCULATION OF RETAINED TAX INCREMENT.  The City and the\nDeveloper shall maintain records which are adequate to calculate the Retained\nTax Increment, the Developer Share and the City Share and shall cooperate with\neach other in making such calculations. Annually, within 30 days of mailing of\nthe City's tax bill, the City shall calculate and submit to Developer its\ncalculations of the amount of Retained Tax Increment and the Developer Share\nand City Share thereof for that year. If the Developer does not object to such\ncalculations within 30 days of receipt thereof, the calculations shall be final\nand binding on all parties. If there is a dispute as to the calculations and\nthe parties are unable to agree, the dispute shall be determined in the manner\nprovided in Section 8.13 hereof.\n\n     SECTION 3.7.  REVALUATION.  In the event there is a City-wide revaluation\nof taxable property within the City, the Original Assessed Value shall be\nincreased in proportion to the City-wide increase in property values resulting\nfrom such revaluation.\n\n                                   ARTICLE IV\n                          PLEDGE AND SECURITY INTEREST\n\n     SECTION 4.1.  PLEDGE OF PROJECT COST ACCOUNT.  In consideration of this\nAgreement and other valuable consideration and for the purpose of securing\npayment of the amounts provided for hereunder to the Developer by the City,\naccording to the terms and conditions contained herein, and in order to secure\nthe performance and observance of all of the City's covenants and agreements\ncontained herein, the City does hereby grant a security interest in and pledge\nto the Developer the Developer Subaccount and all sums of money and other\nsecurities and investments therein. This pledge and the provisions of Section\n2.4 hereof shall not apply to any interest and earnings on the Project Cost\nAccount, including the Developer Subaccount thereof, all of which shall be the\nabsolute property of the City, free and clear of any interest of the Developer.\n\n\n\n\n                                   10\n                     \n\n     SECTION 4.2.  PERFECTION OF INTEREST.  The City shall cooperate with the\nDeveloper in causing appropriate financing statements and continuation\nstatements naming the Developer as pledgee of all such amounts from time to time\non deposit in the Developer Subaccount of the Project Cost Account to be duly\nfiled and recorded in the appropriate state offices as required by and permitted\nunder the provisions of the Maine Uniform Commercial Code or other similar law\nas adopted in the State of Maine and any other applicable jurisdiction, as from\ntime to time amended, in order to perfect and maintain the security interests\ncreated hereunder. To the extent reasonably deemed necessary by the Developer,\nthe City will at such time and from time to time as requested by Developer\nestablish the Developer Subaccount of the Project Cost Account Fund described in\nSection 2.3(b)(i) hereof as a segregated fund under the control of an escrow\nagent, trustee or other fiduciary so as to perfect Developer's interest therein\non terms reasonably satisfactory to the City.\n\n     SECTION 4.3  FURTHER INSTRUMENTS.  The City shall, upon the reasonable\nrequest of the Developer, from time to time execute and deliver such further\ninstruments and take such further action as may be reasonable and as may be\nrequired to carry out the provisions of this Agreement; provided, however, that\nno such instruments or actions shall pledge the credit of the City or require\nany payment or expense by the City (unless paid by Developer) or discharge\neither party or change any provision of this Agreement.\n\n     SECTION 4.4  NO DISPOSITION OF DEVELOPER SUBACCOUNT.  Except as permitted\nhereunder, the City shall not sell, lease, pledge, assign or otherwise dispose,\nencumber or hypothecate any interest in the Developer Subaccount of the Project\nCost Account and will promptly pay or cause to be discharged or make adequate\nprovision to discharge any lien, charge or encumbrance on any part thereof not\npermitted hereby.\n\n     SECTION 4.5  ACCESS TO BOOKS AND RECORDS.  All books, records and documents\nin the possession of the City relating to the District, the Development Program,\nthe Agreement and the monies, revenues and receipts on deposit or required to be\ndeposited into the Development Program Fund and the Developer Subaccount of the\nProject Cost Account shall at all reasonable times be open to inspection by the\nDeveloper, its agents and employees. All books, records and documents of the\nDeveloper reasonably necessary to the verification of Project Costs shall at all\nreasonable times be open to inspection by the City, its agents and employees,\nprovided, however, that any information reasonably designated by Developer as\nproprietary shall be inspected in a manner so as to preserve the confidential\nnature of such information.\n\n                                   ARTICLE V\n                             DEFAULTS AND REMEDIES\n\n     SECTION 5.1.  EVENTS OF DEFAULT.  Each of the following events shall\nconstitute and be referred to in this Agreement as an 'Event of Default':\n\n          (a)  Any failure by the City or the Developer to pay any amounts due\n     hereunder when the same shall become due and payable;\n\n\n                                       11\n\n          (b) Any failure by the City to make deposits into the Developer\n     Subaccount of the Project Cost Account as and when due;\n\n          (c) Any failure by the City or the Developer to observe and perform in\n     all material respects any covenant, condition, agreement or provision\n     contained herein on the part of the City or Developer to be observed or\n     performed, which failure is not cured within thirty (30) days following\n     written notice thereof; provided, however, that this subsection (c) shall\n     not be construed to include Developer's failure to pay property taxes for\n     any reason as an Event of Default hereunder;\n\n          (d) If a decree or order of a court or agency or supervisory authority\n     having jurisdiction in the premises of the appointment of a conservator or\n     receiver or liquidator of, any insolvency, readjustment of debt, marshaling\n     of assets and liabilities or similar proceedings, or for the winding up or\n     liquidation of the City's or Developer's affairs shall have been entered\n     against the City or the Developer, the City or the Developer shall have\n     consented to the appointment of a conservator or receiver or liquidator in\n     any such proceedings of or relating to the City or the Developer or of or\n     relating to all or substantially all of its property, including without\n     limitation the filing of a voluntary petition in bankruptcy by the City or\n     the Developer or the failure by the City or the Developer to have an\n     involuntary petition in bankruptcy dismissed within a period of 90\n     consecutive days following its filing or in the event an order for release\n     has been entered under the Bankruptcy Code with respect to the City or the\n     Developer.\n\n     SECTION 5.2. REMEDIES ON DEFAULT. Whenever any Event of Default described\nin Section 5.1 hereof shall have occurred and be continuing, the nondefaulting\nparty may take any one or more of the following remedial steps following any\napplicable cure period:\n\n          (a) The nondefaulting party may take whatever action at law in at\n     equity as may appear necessary or desirable to collect the amount then due\n     and thereafter to become due, to specifically enforce the performance or\n     observance of any obligations, agreements or covenants of the nondefaulting\n     party under this Agreement and any documents, instruments and agreements\n     contemplated hereby or to enforce any rights or remedies available\n     hereunder or under applicable law; and\n\n          (b) The Developer shall also have the right to exercise any rights or\n     remedies available to a secured party under the laws of the State of Maine.\n\n     SECTION 5.3 REMEDIES CUMULATIVE. No remedy herein conferred upon or\nreserved to any party is intended to be exclusive of any other available remedy\nor remedies but each and every such remedy shall be cumulative and shall be in\naddition to every other remedy given under this Agreement or now or hereafter\nexisting at law, in equity or by statute. Delay or omission to exercise any\nright or power accruing upon any Events of Default to insist upon the strict\nperformance of any of the covenants and agreements herein set forth or to\nexercise any rights or remedies upon the occurrence of an Event of Default\nshall not impair any such right or power or be considered or taken as a waiver\nor relinquishment for the future of the right to insist upon and to enforce,\nfrom time to time and as often as may be deemed expedient, by injunction\n\n                                       12\n\nor other appropriate legal or equitable remedy, strict compliance by the\nparties hereto with all of the covenants and conditions hereof, or of the\nrights to exercise any such rights or remedies, if such Events of Default be\ncontinued or repeated.\n\n     SECTION 5.4.  AGREEMENT TO PAY ATTORNEYS' FEES AND EXPENSES.  Subject to\nthe provisions of this Agreement, in the event the City or the Developer should\ndefault under any of the provisions of this Agreement, and the nondefaulting\nparty shall require and employ attorneys or incur other expenses or costs for\nthe collection of payments due or to become due or for the enforcement of\nperformance or observance of any obligation or agreement on the part of the\nCity or the Developer herein contained, the defaulting party shall, on demand\ntherefor, pay to the nondefaulting party the reasonable fees of such attorneys\nand such other reasonable costs and expenses so incurred by the Developer.\n\n     SECTION 5.5.  TAX LAWS.  Except as provided in Section 3.1 hereof, the\nparties acknowledge that all laws of the State now in effect or hereafter\nenacted with respect to taxation of property shall be applicable and that the\nCity, by entering into this Agreement, is not excusing any non-payment of taxes\nby Developer. Without limiting the foregoing, the City and the Developer shall\nalways be entitled to exercise all rights and remedies regarding assessment,\ncollection and payment of taxes assessed on Developer's property.\n\n                                   ARTICLE VI\n                      EFFECTIVE DATE, TERM AND TERMINATION\n\n     SECTION 6.1.  EFFECTIVE DATE AND TERM.  This Agreement shall become\neffective upon its execution and delivery by the parties hereto and shall\nremain in full force from the date hereof and shall expire upon the performance\nof all obligations on the part of the City and the Developer hereunder.\n\n     SECTION 6.2.  CANCELLATION AND EXPIRATION OF TERM.  At the termination or\nother expiration of this Agreement in accordance with the provisions of this\nAgreement, the City and the Developer shall each execute and deliver such\ndocuments and take or cause to be taken such actions as may be necessary to\nevidence the termination of this Agreement.\n\n                                  ARTICLE VII\n                 ASSIGNMENT AND PLEDGE OF DEVELOPER'S INTEREST\n\n     SECTION 7.1.  CONSENT TO PLEDGE AND\/OR ASSIGNMENT.  The City hereby\nacknowledges that it is the intent of the Developer to pledge and assign its\nright, title and interest in, to and under this Agreement as collateral for\nfinancing for the Project, although no obligation is hereby imposed on the\nDeveloper to make such assignment or pledge. Recognizing this intention, the\nCity does hereby consent and agree to the pledge and assignment of all the\nDeveloper's right, title and interest in, to and under this Agreement and in,\nand to the payments to be made to Developer hereunder, to third parties as\ncollateral or security for financing the Development Program, on one or more\noccasions during the term hereof.\n\n                                       13\n\n     SECTION 7.2. PLEDGE, ASSIGNMENT OR SECURITY INTEREST. The City hereby\nconsents to the pledge, assignment or granting of a security interest by the\nDeveloper of its right, title and interest in, to and under this Agreement as\ncollateral for financing of the Project. The City agrees to execute and deliver\nany assignments, pledge assignments, consents or other confirmations on terms\nreasonably satisfactory to the City required by the prospective pledgee or\nassignee, including without limitation recognition of the pledgee or assignee as\nthe holder of all right, title and interest herein and as the payee of amounts\ndue and payable hereunder and any and all such other documentation as shall\nconfirm to such pledge or assignee the position of such assignee or pledgee and\nthe irrevocable and binding nature of this Agreement and provide to the pledgee\nor assignee such rights and\/or remedies as the parties may reasonably deem\nnecessary for the establishing, perfection and protection of its interest\nherein.\n\n     SECTION 7.3.  ASSIGNMENT. Except to the extent provided in Section 7.1 and\nSection 7.2, the Developer shall not have the right to transfer and assign all\nor any portion of its rights in, to and under this Agreement, except to the\nowners of the Property in the District and this Agreement shall run with the\nland and bind and inure to the benefit of such owners, their successors and\nassigns.\n\n                                  ARTICLE XIII\n                                 MISCELLANEOUS\n\n     SECTION 8.1. SUCCESSORS. In the event of the dissolution of the City or the\nDeveloper, the covenants, stipulations, promises and agreements set forth\nherein, by or on behalf of or for the benefit of such party shall bind or inure\nto the benefit of the successors and assigns thereof time to time and any\nentity, officer, board, commission, agency or instrumentality to whom or to\nwhich any power or duty of such party shall be transferred.\n\n     SECTION 8.2. PARTIES IN INTEREST. Except as herein otherwise specifically\nprovided, nothing in this Agreement expressed or implied is intended or shall be\nconstrued to confer upon any person, firm or corporation other than the City and\nthe Developer any right, remedy or claim under or by the reason of this\nAgreement, it being intended that this Agreement shall be for the sole and\nexclusive benefit of the City and the Developer.\n\n     SECTION 8.3. SEVERABILITY. In case any one or more of the provisions of\nthis Agreement shall, for any reason, be held to be illegal and invalid, such\nillegality or invalidity shall not affect any other provision of this Agreement\nand this Agreement shall be construed and enforced as if such illegal or invalid\nprovision had not been contained herein.\n\n     SECTION 8.4. NO PERSONAL LIABILITY OF OFFICIALS OF THE CITY. No covenant,\nstipulation, obligation or agreement of the City contained herein shall be\ndeemed to be a covenant, stipulation or obligation of any present or future\nelected or appointed official, officer, agent, servant or employee of the City\nin his individual capacity and neither the members of the City Council of the\nCity nor any official, officer, employee or agent of the City shall be liable\npersonally with respect to this Agreement or be subject to any personal\nliability or accountability by reason hereof.\n\n                                       14\n\n\n     SECTION 8.5. COUNTERPARTS. This Agreement may be executed in any number of\ncounterparts, each of which, when so executed and delivered, shall be an\noriginal, but such counterparts shall together constitute but one and the same\nAgreement.\n\n     SECTION 8.6. GOVERNING LAW. The laws of the State of Maine shall govern the\nconstruction and enforcement of this Agreement.\n\n     SECTION 8.7. NOTICES. All notices, certificates, requests, requisitions or\nother communication by the City or the Developer pursuant to this Agreement\nshall be in writing and shall be sufficiently given and shall be deemed given\nwhen mailed by first class mail, postage prepaid, addressed as follows:\n\n          If to the City:\n\n               City Manager\n               Bath City Hall\n               55 Front Street\n               Bath, ME 04530-2588\n\n          If to the Developer:\n\n               Bath Iron Works Corporation\n               700 Washington Street\n               Bath, ME  04530\n\nEither of the parties may, by notice given to the other, designate any further\nor different addresses to which subsequent notices, certificates, requests or\nother communications shall be sent hereunder.\n\n     SECTION 8.8. AMENDMENTS. This Agreement may be amended only with the\nconcurring written consent of both of the parties hereto.\n\n     SECTION 8.9. NET AGREEMENT. Subject only to the provisions of Sections 3.1,\n3.4, 3.5 and 5.2 hereof, this Agreement shall be deemed and construed to be a\n'net agreement,' and the City shall pay absolutely net during the term hereof\nall payments required hereunder, free of any deductions, and without\nabatement, deductions or setoffs.\n\n     SECTION 8.10. BENEFIT OF ASSIGNEES OR PLEDGEES. The City agrees that this\nAgreement is executed in part to assist the Developer in obtaining financing\nfor the Project and accordingly all covenants and agreements on the part of the\nCity as to the amounts payable hereunder are hereby declared to be for the\nbenefit of any such assignee or pledgee from time to time of the Developer's\nright, title and interest herein.\n\n     SECTION 8.11. INTEGRATION. This Agreement completely and fully supersedes\nall other prior or contemporaneous understandings or agreements, both written\nand oral, between the City \n\n\n                                       15\n\n\n                \n\nand the Developer relating to the specific subject matter of this Agreement and\nthe transactions contemplated hereby.\n\n     SECTION 8.12. DISPUTES. The Developer and the City waive any right which\neither may have to contest, and shall not take any action to challenge, the\nother's authority to enter into, perform or enforce the Agreement or to carry\nout the Development Program or the validity or enforceability of this Agreement,\nthe District or the Development Program. Subject to the provisions of Sections\n1.5, 3.4 and 5.4 hereof, the City and the Developer shall each utilize their\nrespective best efforts to uphold the District, the Development Program, this\nAgreement and the City's authority to enter into this Agreement and the validity\nand enforceability of the Districts, the Development Program and this Agreement,\nincluding without limitation opposing, to the extent permitted by law, any\nlitigation or proceeding challenging such authority, validity or enforceability.\nThe City and the Developer both covenant and agree that (except as provided in\nSection 3.1 hereof) the assumptions, analyses and results set forth in this\nAgreement shall in no way prejudice the rights of either party or be used, in\nany way, by either party in either presenting evidence or making argument in any\ndispute which may arise in connection with valuation of the Existing Property or\nthe Land Level Facility.\n\n     SECTION 8.13. ARBITRATION. Any dispute arising under this Agreement or\nunder the Development Program shall be resolved by arbitration. The parties\nshall use best efforts to agree on an arbitrator and rules of arbitration. If\nagreement is not reached within forty-five (45) days, the dispute shall be\nresolved by arbitration in accordance with the rules of the American Arbitration\nAssociation.\n\nIN WITNESS WHEREOF, the City and the Developer have caused this Agreement to be\nexecuted in their respective corporate names and their respective corporate\nseals to be hereunto affixed and attested by the duly authorized officers, all\nas of the date first above written.\n\nWITNESS:                                CITY OF BATH\n\n\/s\/ Roger R. Havendilt                  By: \/s\/ John Bubier\n--------------------------                  -----------------------------------\n                                           John Bubier\n                                           City Manager\n\n\n\/s\/ Roger R. Havendilt                  By: \/s\/ John Hall\n---------------------------                 ----------------------------------\n                                            John Hall, Chairman\n                                            City Council\n\n\nWITNESS:                                 BATH IRON WORKS CORPORATION\n\n\n                                         By: \/s\/ Kevin P. Gildart\n----------------------------                 ----------------------------------\n                                             Kevin P. Gildart\n                                             Assistant to the President\n\n\n                                       16\n\n                                   EXHIBIT A\n\n                              REQUEST FOR PAYMENT\n\n     The undersigned (the 'Developer') does hereby request payment in the\namount of $      from the City of Bath out of the Developer Subaccount of the\nProject Cost Account established under the Development Program of The Bath Iron\nWorks Municipal Development District and Tax Increment Financing District #1\nand The Bath Iron Works Municipal Development District and Tax Increment\nFinancing District #2 and does hereby certify to the City of Bath that the\namount requested will be used to pay Project Costs as that term is defined in\nChapter 207 of Title 30-A of the Maine Revised Statutes, as follows: [check\napplicable provisions]\n\n     \/ \/ Direct payment of Project Costs in the amount of $________; and\/or\n\n     \/ \/ Reimbursement to the Developer for Project Costs previously incurred,\n         in the amount of $________\n\nThere are attached hereto invoices showing the incurring by the undersigned of\nProject Costs in the amount of $_______. None of these invoices have been the\nsubject of a previous request for payment from the Project Cost Account.\n\n     The Developer further certifies that all of such Project Costs constitute\nProject Costs as defined in the Credit Enhancement Agreement, dated September\n__, 1997 between the City of Bath and the undersigned, and that the Developer\nhas complied with all terms, conditions and covenants of such Agreement and\nthat no default or event of default exists under said Agreement.\n\nDated:_____________ \n\n                                           BATH IRONS WORKS CORPORATION\n\n_________________________________          By:__________________________________\n                                              Its\n                                              Duly Authorized\n\n\n                                       17\n\n<\/pre>\n","protected":false},"template":"","meta":{"_acf_changed":false,"_stopmodifiedupdate":true,"_modified_date":"","_cloudinary_featured_overwrite":false},"corporate_contracts_companies":[7614],"corporate_contracts_industries":[9475],"corporate_contracts_types":[9613,9615],"class_list":["post-42208","corporate_contracts","type-corporate_contracts","status-publish","hentry","corporate_contracts_companies-general-dynamics-corp","corporate_contracts_industries-aerospace__ships","corporate_contracts_types-operations","corporate_contracts_types-operations__govt"],"acf":[],"_links":{"self":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts\/42208","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts"}],"about":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/types\/corporate_contracts"}],"wp:attachment":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/media?parent=42208"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=42208"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=42208"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=42208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}