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<br />6/10106 les <br /> <br />XII. TERMINATION <br /> <br />A. 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 to the effective <br />date of termination. <br /> <br />B. 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. 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, or as a result of the <br />termination thereof, including the payment of money, except for payment for <br />approved expenses incurred for services satisfactorily and timely performed <br />prior to the mailing or service of the notice of termination, and except for <br />reimbursement of (1) any payments made for services not subsequently <br />performed in a timely and satisfactory manner, and (2) costs incurred by <br />CITY in obtaining substitute performance. <br /> <br />D. The grant of funds by CITY to CONTRACTOR pursuant to this Agreement <br />may be terminated for convenience upon two weeks written notice to <br />CONTRACTOR. <br /> <br />E. In the event this Agreement is terminated as set forth in subparagraphs <br />XII.A. through XIID., inclusive, CONTRACTOR agrees to immediately return <br />to CITY upon CITY's demand and prior to any adjudication of <br />CONTRACTOR's rights, any and all funds not used, and to comply with <br />paragraph "XI. REVERSION OF ASSETS" of this Agreement. <br /> <br />XIII. LIMITATION OF FUNDS <br /> <br />The United States of America, through HUD, may in the future place programmatic <br />or fiscal limitations on the use of FEZ funds which limitations are not presently <br />anticipated. Accordingly, CITY reserves the right to revise this Agreement in order <br />to take account of actions affecting HUD program funding. In the event of funding <br />reduction, CITY may, in its sole and absolute discretion, reduce the budget of this <br />Page 12 of 14 <br />