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(g) If a petition or answer proposing the adjudication of a Party as a <br />bankrupt or a Party's reorganization under any present or future federal <br />bankruptcy act or any similar federal or state law is filed in a court of competent <br />jurisdiction and the petition or answer is not discharged or denied within 90 days <br />after its filing; <br />13.2. Notice. If one of the Events of Default described in Sections 13.1(a) <br />through 13.1(e) occurs, a non - defaulting Party may not pursue any of the remedies <br />described in Section 13.3 unless the non - defaulting Party provides the defaulting Party <br />with written notice of the existence of the Event of Default, and except as set forth in the <br />following sentence, the defaulting Party fails to cure the Event of Default described in the <br />notice and any Event of Default occurring after the delivery of the notice within 30 days <br />after the effective date of the notice. Notwithstanding the preceding sentence, a non- <br />defaulting Party may suspend its performance of its obligations under this Agreement <br />pursuant to Section 13.3(a) immediately upon its delivery of a notice of an Event of <br />Default to the Party in default. <br />13.3. Remedies. If an Event of Default occurs, notice is given pursuant to <br />Section 13.2 and the defaulting Party fails to cure the Event of Default and any <br />subsequent Events of Default first arising after the delivery of the notice of default within <br />time period provided for in Section 13.3, the non - defaulting Party may: <br />(a) Suspend the performance of its obligations under this Agreement; <br />(b) If the Developer defaults in the performance of its obligations <br />under Section 7 or Section 9.2, the City or the Authority may attempt to cure or <br />engage third parties to attempt to cure the default. If the City or the Authority <br />attempts to cure or engages a third party to attempt to cure the default, the City or <br />Authority may notify the Developer, in writing, of the costs and expenses they <br />incur in their attempt to cure or to engage a third party to attempt to cure the <br />Event of Default and the Developer must reimburse the City or Authority for <br />those costs within five Business Days of the Developer's receipt of the notice <br />stating the amount of the costs. <br />(c) The non - defaulting Party may terminate this Agreement by written <br />notice to the other Parties. <br />(d) The non - defaulting Party may pursue any remedies available at <br />law or in equity to recover the damages the non - defaulting Party has suffered as a <br />result of the defaulting Party's default and action to compel the defaulting Party's <br />specific performance of its obligations or observance of restrictions set forth in <br />this Agreement. <br />13.4. No Remedy Exclusive. No remedy herein conferred upon or reserved to <br />the Authority, the City or the Developer is intended to be exclusive of any other available <br />remedy or remedies, but each and every such remedy is cumulative and is in addition to <br />every other remedy given under this Agreement or now or hereafter existing at law or in <br />1353333vDOC <br />Red (V3 to V2) <br />Page 131 <br />