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20,1 Events of Default. 'fhe occurrence of ally of the l'oHowi ng, mwliatuver the <br />reason tiler efmc, shall constitute an Eve -nt trl' Defauitt by Dcvclopar:. <br />(a) DevclopQr hills to make any prtymcnt raf principal or <br />interest under Ole C ily Local Nole when clue, and such failure is not cured within 1-111 n <br />(1 S) Business Clays after Developer ", receipt of written rurttcc thrtt snCln pa,yIrnrent wras neat <br />received when clue; <br />(h) Developer tails to perform ally other obligation for the <br />payment of money raider rara,y° Loan. Document, and such t'ailttra; is lilt ctacd Within fifleern. <br />(15) Business Bays after Dcvcloper's receipt of written notice lhent such ohligmion was <br />lilt perfi'7rawted ww hun due; <br />(c) Developer faits to perform ally obligation (other tlnsrn the <br />ohligatiotrs clewc;rikred ill strhparagraphs (a) and (h) above) under luny J,oaaax Doeumcnt, and <br />sutcla lirihnre rs rn£rl cared Within thirty ( 0) days aftea Developer's receipt elf written notice <br />dn,af 'Nwh obligation was not perfiarmcd; provided that, if rumen cannot reasonably he <br />effected within such thirty (30-day period, strc °h failure shall not he an [wont uf`Del'iatdt <br />so tong as Devetoper (ill any event, withrtr tear (10) days alter receipt of; such notice) <br />commences, to eurc, and thereafter diligently (inn miy event within ninety ( 90) days alter <br />receipt ill" suelr lance) prO:WCtrtcw such uurre to Completion; <br />(d) Any representation or warranty ill any Learn Document prove,,, to <br />have heen incorrect in ally material respect when made,; <br />(e) The properly k nimeerhilly damaged or destroyed by fire or littler <br />e.a uralty uurlesw Developer lulf % the Restoration Conditions set forth lru the onsuu-rrnce <br />provisions of this Agreement within ninety (90) days (ualcvs exterrdM pursuant to <br />Section 19.5) mid thereafter dnlrgunrtly restores the Properly in ,aCCordatrnce with this <br />Agreonicrrt; <br />(f) Work on the rehabilitation ceases far thirty (30) cannnsUCtntive dayS <br />for any reason (anther than governmental araBcrs, decrees or regulations, a o,, of gird or Lilly <br />other deity, strikes car taller• C aasa^s heyonnd DQvelopc�: 's reasonable control), provided that <br />the waunc do mg, in the nggreg,rle and in the ('pity's reasonable lurd,gment, threaten Io defray <br />the completion of "the rehabilitation beyond the required completion elate scat Mirth in this <br />A reemen% <br />(h) Mweloper is enjoirned or otherwise prohibited by ally <br />(MvcmmQntrtl Authority from eonstructing andlor occupying the improventents sand such <br />injunction or prohibition Continues uanstayed for sixty (60) days or more for any reason; <br />(i) Developer is dissolved, liquidated m terminated, or all or <br />substaantiaHY rill of the rassets of Developer are sold or othemke trawderred ww iffiout the <br />l ,xecutive; Director's prior written consent; <br />(p) Dcvclopur is the sulypect elfin older for relief by a bankruptcy <br />254-45 <br />