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72 <br />ARTICLE XIII <br />EVENTS OF DEFAULT AND <br />Section 13.1 Events of Default Defined. Subject to applicable cure periods, the <br />following shall be "Events of Default' under this Agreement and, whenever it is used in this <br />Agreement, the term "Event of Defati t" shall mean any one or more of the events defined in <br />Sections 13.2 and 13.3. <br />Section 13.2 Developer Events of Default. The following shall be Developer Events <br />of Default: <br />(a) subject to Unavoidable Delays, the Developer shall fail to Commence <br />Construction of the Minimum Improvements by September 30, 2013, or shall fail to proceed <br />with due diligence to Complete Construction of the Minimum Improvements by December 31, <br />2014, all in conformity with this Agreement. After receiving written notice from Authority or <br />City alerting Developer to its noncompliance with this section, Developer shall have 30 days to <br />remedy its failure to Commence Construction or to proceed with due diligence to Complete <br />Construction of the Minimum Improvements in accordance with the Minimum Improvements <br />Timeline. If Developer remedies its noncompliance during that 30 day cure period, then it shall <br />not be a Developer Event of Default. Notwithstanding the foregoing, if the default reasonably <br />requires more than thirty (30) days to cure, such default shall not constitute a Developer Event of <br />Default, provided that curing of the default is promptly commenced upon receipt by the <br />Developer of the notice of the default, and with due diligence is thereafter continuously <br />prosecuted to completion and is completed within a reasonable period of time, and provided that <br />Developer keeps the Authority well informed at all times of its progress in curing the default; <br />provided in no event shall such additional cure period extend beyond 180 days; <br />(b) subject to Unavoidable Delays, the Developer shall default in or violate its <br />obligations with respect to the construction of the Minimum Improvements (including the nature <br />and the date for the completion thereof), or shall abandon or substantially suspend construction <br />work, and any such default, violation, abandonment or suspension is not cured, ended or <br />remedied within 30 days after written demand by the Authority so to do. Notwithstanding the <br />foregoing, if the default reasonably requires more than thirty (30) days to cure, such default shall <br />not constitute an Event of Default, provided that the curing of the default is promptly <br />commenced upon receipt by the Developer of the notice of the default, and with due diligence is <br />thereafter continuously prosecuted to completion and is completed within a reasonable period of <br />time, and provided that Developer keeps the Authority well informed at all times of its progress <br />in curing the default; provided in no event shall such additional cure period extend beyond 180 <br />days; <br />(c) there is, in violation of this Agreement, any conveyance or other transfer of the <br />Development Property or any part thereof, and such violation is not cured within 30 days after <br />written demand by the Authority to the Developer; <br />(d) subject to Unavoidable Delays, failure by Developer to observe or perform any <br />other covenant, condition, obligation or agreement on its part to be observed or performed under <br />this Agreement, and the continuation of such failure for a period of thirty (30) days after written <br />IV <br />