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Subgrant Agreement. If at any time Subgrantee receives notice of noncompliance from any <br />governmental entity, Subgrantee agrees to take any necessary action to comply with the state or <br />federal law in question. <br />Section 3.05 Assignment. _ Subgrantee shall not cause or permit any voluntary transfer, <br />assignment, or other conveyance of this Subgrant Agreement without the written consent of <br />Subgrantor or Authority. Any non -approved transfer, assignment, or conveyance shall be void, <br />and may be an Event of Default. <br />ARTICLE 4 <br />DEFAULT AND REMEDIES <br />Section 4.01 Event of Default. Any and all of the following events shall constitute an <br />"Event of Default" under this Subgrant Agreement: <br />A. If, without the written consent of Subgrantor, Subgrantee's interest in the Project or this <br />Subgrant Agreement is sold, assigned, transferred, or otherwise conveyed, whether <br />voluntary, involuntary or by operation of the law. <br />B. Subgrantee uses any portion of the Subgrant proceeds for purposes other than specified <br />herein. <br />C. Subgrantee fails to comply with any of the terms, conditions, requirements, representations, <br />warranties or provisions contained in its Application, this Subgrant Agreement or any other <br />Subgrantor document. <br />D. Any of the information, documentation, or representations that Subgrantee supplied to <br />Subgrantor in its Application, this Subgrant Agreement or any other Subgrantor document <br />to induce Subgrantor to make the Subgrant is determined to be false, untrue, or misleading <br />in any material manner. <br />Section 4.02 Remedies. If Subgrantee commits an Event of Default, Subgrantor may <br />immediately, without notice to Subgrantee, suspend its performance under this Subgrant <br />Agreement. Subgrantor must give Subgrantee written notice that Subgrantee has committed an <br />Event of Default, and Subgrantee shall have thirty (30) days to cure (discontinue, fix, remove, <br />correct, or other curative action) any Event of Default. If the Event of Default is not cured, <br />Subgrantor may do the following: <br />A. Refrain from disbursing any further Subgrant proceeds; <br />B. Demand that any amount of Subgrant proceeds already disbursed to Subgrantee be <br />immediately returned to Subgrantor, and upon such demand, Subgrantee shall immediately <br />return such proceeds to Subgrantor; <br />C. Terminate this Subgrant Agreement by written notice; and <br />D-5 <br />