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<br />5/05 <br /> <br />survive the date of termination of this Agreement for such period of time as CITY and/or HUD <br />deems necessary for the responsibilities, duties and obligations to be performed and completed to <br />the satisfaction of CITY and HUD. <br /> <br />XII. TERMINATION <br /> <br />A. This Agreement may be terminated on thirty (30) days' written notice by either <br />party. In the event of such tennination, SUBRECIPIENT shall only be entitled to reimbursement <br />for approved expenses incurred to the effective date of termination. <br /> <br />B. This Agreement may be suspended or tenninated by CITY upon five (5) days' <br />written notice for violation by SUBRECIPIENT of Federal Laws governing the use of Community <br />Development Block Grant Funds. In the event of such suspension ortennination, SUBRECIPlENT <br />shall only be entitled to reimbursement for approved expenses incurred up to the effective date of <br />suspension or termination. <br /> <br />C. Pursuant to 24 CFR 85.43, in the event SUBRECIPlENT defaults by failing to fulfill <br />all or any of its obligations hereunder, CITY may declare a default and tennination of this <br />Agreement by written notice to SUBRECIPlENT, which default and termination shall be effective <br />on a date stated in the notice which is to be not less than ten (l0) days after certified mailing or <br />personal service of such notice, unless such default is cured before the effective date of tennination <br />stated in such notice. If terminated for cause, CITY shall be relieved of further liability or <br />responsibility under this Agreement, or as a result of the tennination thereof, including the payment <br />of money, except for payment for approved expenses incurred for services satisfactorily and timely <br />performed prior to the mailing or service of the notice of termination, and except for reimbursement <br />of (l) any payments made for services not subsequently perfonned in a timely and satisfactory <br />manner, and (2) costs incurred by CITY in obtaining substitute perfonnance. <br /> <br />D. The grant of funds under this Agreement may be tenninated for convenience in <br />accordance with 24 CFR 85.44. <br /> <br />E. The grant of funds under this Agreement may be terminated due to the non- <br />performance of SUBRECIPlENT and/or failure of SUBRECIPENT to perfonn the work described <br />in Exhibits A and B or failure to meet the perfonnance standards and program goals set forth <br />therein. <br /> <br />F. In the event this Agreement is terminated as set forth in subparagraphs XII.A. <br />through XII.E., inclusive, SUBRECIPlENT agrees to immediately return to CITY upon CITY's <br />demand and prior to any adjudication of SUBRECIPlENT's rights, any and all funds not used, and <br />to comply with paragraph "Xl. REVERSION OF ASSETS" ofthis Agreement. <br /> <br />XIII. LIMITATION OF FUNDS <br /> <br />13 <br />