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<br />hereunder, to execute, acknowledge and deliver, to CITY assignment(s), <br />quit claim deed(s) or such other and further instruments, documents and <br />agreements as may be necessary, in the sole and absolute discretion of <br />CITY, to vest in CITY all of CONTRACTOR's right, title and interest (if any it <br />may have) in and to CITY, SAEC, FEZ or other federal, state and/or local <br />accounts or program funds or allocation of funds to which CITY is or may be <br />entitled, either for its own account or as fiduciary or trustee for others, which <br />were obtained for the purpose of the performance of this Agreement or any <br />previous agreements relating to the same subject matter or activities as this <br />Agreement, together with any instruments, loans, grants or advances by <br /> <br />CONTRACTOR on behalf of CITY, in furtherance of the activities hereunder <br />or thereof. <br /> <br />CONTRACTOR's obligations and responsibilities set forth in this paragraph <br />"XI. REVERSION OF ASSETS," and in paragraphs "XII. TERMINATION" <br />and "III. PROGRAM INCOME" shall not be affected by the termination of this <br />Agreement and shall survive the date of termination of this Agreement for <br />such period of time as CITY and/or HUD deems necessary for the <br />responsibilities, duties and obligations to be performed and completed to the <br />satisfaction of CITY and HUD. <br /> <br />XII. <br /> <br />TERMINATION <br /> <br />A. <br /> <br />This Agreement may be terminated on thirty (30) days' written notice by <br />either party. In the event of such termination, CONTRACTOR shall only be <br />entitled to reimbursement for approved expenses incurred prior to the <br />effective date of termination. <br /> <br />B. <br /> <br />This Agreement may be suspended or terminated by CITY upon five (5) <br />days' written notice for violation by CONTRACTOR of the terms and <br />conditions of the this Agreement or applicable State or Federal <br />requirements. In the event of such suspension or termination, <br />CONTRACTOR shall only be entitled to reimbursement for approved <br />expenses incurred up to the effective date of suspension or termination. <br /> <br />C. <br /> <br />In the event CONTRACTOR defaults by failing to fulfill all or any of its <br />obligations hereunder, CITY may declare a default and termination of this <br />Agreement by written notice to CONTRACTOR, which default and <br />termination shall be effective on a date stated in the notice which is to be not <br />less than ten (10) days after certified mailing or personal service of such <br />notice, unless such default is cured before the effective date of termination <br />stated in such notice. If terminated for cause, CITY shall be relieved of <br />further liability or responsibility under this Agreement, including the payment <br />of money, except for payment for approved expenses incurred for services <br />satisfactorily and timely performed prior to the mailing or service of the <br />notice of termination, and except for reimbursement of (1) any payments <br />Page 11 of 14 <br />