80A - TRANSIT CODE AND STATION DISTRICT - EXHIBIT J

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~mple~nentatlon Agt'ee~ne~~ts hereto, shall be construed to provide that a Default relating to one Phase shall co~~stitt~te a Defatrlt under' any other' Phase, i.e., there shall be ~~o cross defaults bet~~eerl Phases or" each Phase's Develope~• entity Accordingly, any rights and r'ernedies sought under this Agreez~ent follo~~it~ a Default shall be limited to the Phase in ~vhich such Default occurred. 50, ~g~tts ~'errriiYlatroli, 543.1 Te~~mi~ratioaa by Agezz~~. ~n the event that tl~e Ager~cy rs riot rn Default r~ndet" this Agreernerlt, at~d ~a} fire Developer' does not fulfil! one or r~~ore of tl~e Agency's orrditiorrs Precedent ~~itlr respect to a Phase ~~hich is capable of be~xag satisfied by file Developer are ar before file tttr~e set far~h herein for irr the schedule of Performance} acrd such condition is ~~ot satisfied after Notice and air oppor'tutrity to cure as pr"ovided eetlol~ Sal hereof, acrd such failure rs riot caused b~ the Age~~cy; or fib} tie Developer is otl~er~~ise irr Default under the terns of this Agree~~er~t at~d fails to cr~re such Default within tl~e time set forth ire ectiai~ 501 l~e~'eof~ tl~e~~ this Areerr~et~t and any rights Of the Developer or a~~y assignee o~" transferee ~vitl~ ~'espect to or arisitrg out of this ~t'eerr~ent shall, at tl~e alation a' tl~e ~.e~e~, be terminated as to such Phase b~ written native thereof to tl~e Developer. Prom the date of the ~~ritterl native of tern~inattotY of this Agreement as to stzch Phase by the Agency to the Developer' at~d thereae~• this Agreement shall be deemed terminated as to srrel~ Phase ~l~ut not as to try other Pl~ase~, tl~e~l fire Agency slrall not be obligated to make at~~ fu~~l~er disburse~r~et~t of the Agency Loa~r for' such Phase or of any ~on~ehuye~" Assistance ~oat~, repa.ymerrt of fire Promissory Note relating to st~cl~ Phase shall be accele~'ated, anti there slrall be no further rights or' abligatiorrs bet~veera tl~e parties ~vitl~ respect to such Phase, except that if the Developer is ire default hereunder, the Agency, after delivery of rlatice of default and expiration of tl~e ct~t'e period pr'ovrded in ectran 50~ her"eaf, t~~ay pursue any ~'e~r~edies it has at la~v or equity against the Developer' in accordance ~vlth ectio~~ 50~ hereof" X0,2 Te~~illi~iatiorr De~relapcr•, fir the event the Developer is ltot in Default ut~de~" this A~'eet~xexrt, and {a~ the Agency does clot fulfill oi~e or rrrore of tl~e Developer's oiiditions Precedent ~~ith respect to a Phase ~~rhicl~ is capable of beiir satisfied by fire Agency on or before the trine set far~h ~n this Agreement for i~~ the cl~edt~le of Performance} and such col~dltlon ~ tlot satls~ied after` trotlce acrd air opportunity to cure as provided in ectio~~ Sal hereof, and such ~'ailu~•e is not caused by the Developer; or fib} the Agency is otl~e~t~vise in Defa€~lt under' the terms of this Agreen~e~~t a~~d fails to cure st~cl~ Default ritlrit~ the tame set forth in ectlan Sit hereof; then this Agi'eer~e~lt at~d ar~y i"fights of the Agency ~vitlr respect to or' arising or~t of this Agreement slrall, at tl~e option of the De~elaper', be terminated as to st~eh ~'l~ase by ~V~'ittet~ Notice thereof to the Agency, Frain the date of the ~vritte~~ notice of termination of this Agi'eeirient as to such Phase by the Develaper• to the Agency and tlaei'eaer this Agreeinerrt slrall be deeiried terminated as to such Phase ~bt~t i~ot as to airy other Phase, the Developer shall not be obligated to 'i~i~tlrei' perforrrr tznder' this Agreement with respect to such Phase and there shall be na fiii'ther' rights ai' abligatioi~s between the pa~~ties with respect to such Phase, except that if the Agency is In default hertindr tl~e~~ tl~e Developer', after delrver'y of notice of default and expiration of tl~e cure period provided In Section 541 hereof, ~r~ay pt~~'st~e airy remedies they it has at la~v or equity against the Agency ire accor'da~~ce with ectiai150 hereof, S9 DOCS~CJ14~~673~?1312~~272•~~~1