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(c) Vista Del Rio fails to perform any obligation (other than the obligations <br />described in subparagraphs (a) and (b) above) under any Loan Document, and such failure is not <br />cured within thirty (30) days after Vista Del Rio's receipt of written notice that such obligation was <br />not performed; provided that, if cure cannot reasonably be effected within such thirty (30) day <br />period, such failure shall not be an Event of Default so long as Vista Del Rio (in any event, within <br />ten (10) days after receipt of such notice) commences to cure, and thereafter diligently (in any event <br />within ninety (90) days after receipt of such notice) prosecutes such cure to completion; <br />(d) Any representation or warranty in any Loan Document proves to have been <br />incorrect in any material respect when made; <br />(e) Vista Del Rio is in default of the Disposition and Development Agreement. <br />(f) The Property is materially damaged or destroyed by fire or other casualty <br />unless Vista Del Rio fulfills the Restoration Conditions set forth in the insurance provisions of this <br />Agreement within ninety (90) days (unless extended pursuant to Section 19.5) and thereafter <br />diligently restores the Property in accordance with this Agreement; <br />(g) Worlc on the construction ceases for thirty (30) consecutive days for any <br />reason (other than governmental orders, decrees or regulations, acts of God or any other deity, strikes <br />or other causes beyond Vista Del Rio's reasonable control), provided that the same do not, in the <br />aggregate and in the City's reasonable judgment, threaten to delay the completion of the construction <br />beyond the required completion date set forth in this Agreement and the Schedule of Performance; <br />(h) Vista Del Rio is enjoined or otherwise prohibited by any Governmental <br />Authority from constructing and/or occupying the improvements and such injunction or prohibition <br />continues unstayed for sixty (60) days or more for any reason; <br />(i) [intentionally omitted]; <br />(j) Vista Del Rio is dissolved, liquidated or terminated, or all or substantially all <br />of the assets of Vista Del Rio are sold or otherwise transferred without the Executive Directors' prior <br />written consent; <br />(lc) Vista Del Rio is the subject of an order for relief by a bankruptcy court, or is <br />unable or admits its inability to pay its debts as they mature, or makes an assignment for the benefit <br />of creditors; or Vista Del Rio applies for or consents to the appointment of any receiver, trustee, <br />custodian, conservator, liquidator, rehabilitator or similar officer for it or any part of its property; or <br />any receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar officer is appointed <br />without the application or consent of Vista Del Rio and the appointment continues undischarged or <br />unstayed for ninety (90) days; or Vista Del Rio institutes or consents to any bankruptcy, insolvency, <br />reorganization, arrangement, readjustment of debt, dissolution, custodianship, conservatorship, <br />liquidation, Construction or similar proceeding relating to it or any part of its property; or any similar <br />proceeding is instituted without the consent of Vista Del Rio and continues undismissed or unstayed <br />for ninety (90) days; or any judgment, writ, warrant of attachment or execution, or similar process is <br />issued or levied against any property of Vista Del Rio and is not released, vacated or fully bonded <br />within ninety (90) days after its issue or levy; or <br />41 <br />DOCSOC/ 1475221v5/200272-0004 <br />