DELHI CENTER - DELHI PARK CONSTRUCTION AND FUNDING AGMT-2000

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Section 314. Governmental Laws and Regulations The City shall carry out the construction of the improvements on the Property in conformity with all applicable governmental laws and regulations. ARTICLE IV — RESERVED ARTICLE V - DEFAULTS, REMEDIES AND TERMINATION Section 501. Defaults- General Subject to the extensions of time set forth in Section 610, failure or delay by either party to perform any term or provision of this Agreement constitutes a default under this Agreement. If any funding required pursuant to this Agreement is unavailable or rescinded the City shall have the right cancel this agreement. Any defaulting party shall be entitled to cure the default in accordance with this section. The inj ured party shall give written notice of default to the party in default, specifying the default complained of by the injured party. Delay in giving such notice shall not constitute a waiver of any default nor shall it change the time of default. The defaulting party must, within thirty (30) days following service of said notice, commence to cure, correct or remedy such failure or delay and shall complete such cure, correction, or remedy with reasonable diligence. Section 502. Institution of Legal Actions Subject to the provisions of Section 501 hereof, in addition to any other rights or remedies, either party may institute legal action to cure, correct or remedy any default to recover damages for any default, or to obtain any other remedy consistent with the purpose of this Agreement. Such legal actions must be instituted in the Superior Court of the County of Orange, State of California, or in any other appropriate court in that Comity. Section503. ApolicableLaw The laws of the State of California shall govern the interpretation and enforcement of this Agreement. Section 504. Acceptance of Service of Process In the event that any legal action is commenced by Delhi against City, service of process on the City shall be made by personal service on the Clerk of the Council of the City, at the address provided in Section 105 of this Agreement.