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ARTICLE I% <br />Events of Default <br />Section 9.1. Events of Default Defined. The following shall be "Events of <br />Default" under this Agreement and the term "Event of Default" shall mean, <br />whenever it is used in this Agreement (unless the context otherwise provides), any <br />one or more of the following events: <br />(a) Failure by the Redeveloper to pay when due any payments or to provide <br />any funds required to be paid or provided under Article III or Article Vi of this <br />Agreement. <br />(b) -Failure by the Redeveloper to provide and maintain when due any letter <br />of credit required to be provided and maintained under Article iV or Article VI of <br />this Agreement. <br />(c) Failure by the Redeveloper to provide and maintain any i uurance <br />required to be provided and maintained by Section 5.1 of this Agreement or failure <br />by the Redeveloper to reconstruct the Minimum Improvements when required <br />pursuant to Section 5.1 of this Agreement. <br />(d) Failure by the Redeveloper to submit a commitment for financing to <br />the City In a timely manner pursuant to the terms and conditions of Section 7.1 of <br />this Agreement. <br />(a) Failure of the Redeveloper to submit satisfactory Construction Plans In <br />aceordaner with Section 4.2 of this Agreement. <br />(f) Failure by the Redeveloper to commence and complete construction of <br />the Minimum Improvements pursuant to the terms, conditions and limitations of <br />Article iV of this Agreement. <br />(g) Failure by the Redeveloper to substant!ally observe or perform any <br />covenant, condition, obligation or agreement on Its part to be observed or <br />performed hereunder. <br />(h) The Holder of any Mortgage exercises any remedy provided by the <br />Mortgage documents or exercises any remedy provided by law or equity in the <br />event of a default In any of the terms or conditions of the Mortgage. <br />(1) The Redeveloper shall: <br />(1) file any petition in bankruptcy or for any reorganization, <br />arrangement, composition, readjustment, liquidation, dissolution, or similar <br />relief under the United States Bankruptcy Act of 1978, as amended or under <br />any similar federal or state law; or <br />(Ii) make an assignment for the benefit of its creditors; or <br />(111) admit in writing its inability to pay its debts generally as they <br />become due; or <br />35 <br />