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RJV-184370v2 MU210-48 13 Section 6.3. Revesting Interest Upon Default Subsequent to Conveyance of Property. If subsequent to the sale of the properties and prior to the issuance of the Certificate of Completion: (a) the Developer fails to begin construction of the Improvements in conformity with this Agreement, and such failure is not due to Unavoidable Delays; (b) the Developer, after commencement of the construction of the Improvements, defaults in or violates its obligations with respect to the construction of the Improvements, including the nature and the date for the completion thereof, or abandons or substantially suspends construction work, and such act or actions is not due to Unavoidable Delays; (c) the Developer or successor in interest fails to pay real estate taxes or assessments on the Property or any part thereof when due, or places thereon any encumbrance or lien unauthorized by this Agreement, or suffers any levy or attachment to be made, or any materialmen’s or mechanic’s lien, or any other unauthorized encumbrance or lien to attach; or (d) there is, in violation of Article V of this Agreement, any transfer of the Property or any part thereof. then the City shall have the right upon thirty (30) days written notice to Developer and the Developer’s failure to cure within such 30-day period to re-enter and take possession of the Property and to terminate and revest in the City the interest of the Developer in the Property; provided, however, that such revestiture of title shall be subject to the lien of any prior encumbrance permitted under this Agreement. The City may enforce this provision by specific performance. Section 6.4. No Remedy Exclusive. No remedy herein conferred upon or reserved is intended to be exclusive of any other available remedy or remedies, but each and every such remedy shall be cumulative and shall be in addition to every other remedy given under this Agreement or now or hereafter existing at law or in equity or by statute. No delay or omission to exercise any right or power accruing upon any default shall impair any such right or power or shall be construed to be a waiver thereof, but any such right and power may be exercised from time to time and as often as may be deemed expedient. In order to entitle the City or the Developer to exercise any remedy reserved to it, it shall not be necessary to give notice, other than such notice as may be required in Section 7.4 of this Agreement. Section 6.5. No Additional Waiver Implied by One Waiver. If an Event of Default by either party, which Event of Default is thereafter waived by the other party, such waiver shall be limited to the particular Event of Default so waived and shall not be deemed to waive any other concurrent, previous or subsequent Event of Default. ARTICLE VII. ADDITIONAL PROVISIONS