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applicable cure period such that the holder of such security instrument has the right to accelerate <br />repayment of such loan; <br />(g) Any representation or warranty contained in this Agreement or in any <br />application, financial statement, certificate or report submitted to the Agency or the City in <br />connection with this Agreement or Developer's request for the Loan proves to have been <br />incorrect in any material and adverse respect when made and continues to be materially adverse <br />to the Agency or the City; <br />(h) If, pursuant to or within the meaning of the United States Bankruptcy <br />Code or any other federal or state law relating to insolvency or relief of debtors ("Bankruptcy <br />Law"), Developer or any general partner thereof (i) commences a voluntary case or proceeding; <br />(ii) consents to the entry of an order for relief against Developer or any general partner thereof in <br />an involuntary case; (iii) consents to the appointment of a trustee, receiver, assignee, liquidator <br />or similar official for Developer or any general partner thereof; (iv) makes an assignment for the <br />benefit of its creditors; or (v) admits in writing its inability to pay its debts as they become due; <br />(i) A court of competent jurisdiction shall have made or entered any decree or <br />order (1) adjudging the Developer to be bankrupt or insolvent, (2) approving as properly filed a <br />petition seeking reorganization of the Developer or seeking any arrangement for Developer <br />under bankruptcy law or any other applicable debtor's relief law or statute of the United States <br />or any state or other jurisdiction, (3) appointing a receiver, trustee, liquidator, or assignee of the <br />Developer in bankruptcy or insolvency or for any of its properties, or (4) directing the winding <br />up or liquidation of the Developer; <br />(j) Developer shall have assigned its assets for the benefit of its creditors <br />(other than pursuant to a mortgage loan) or suffered a sequestration or attachment of or execution <br />on any substantial part of its property, unless the property so assigned, sequestered, attached or <br />executed upon shall have been returned or released within sixty (60) days after such event <br />(unless a lesser time period is permitted for cure under any other mortgage on the Property, in <br />which event such lesser time period shall apply under this subsection as well) or prior to any <br />sooner sale pursuant to such sequestration, attachment, or execution; <br />(k) The Developer shall have voluntarily suspended its business or Developer <br />shall have been dissolved or terminated; <br />(1) An event of default arises under any Agency Document and remains <br />uncured beyond any applicable cure period; or <br />(m) Developer defaults in the performance of any term, provision, covenant or <br />agreement contained in this Agreement other than an obligation enumerated in this Section 9.1 <br />and unless a shorter cure period is specified for such default, the default continues for ten (10) <br />days in the event of a monetary default or sixty (60) days in the event of a nonmonetary default <br />after the date upon which Agency shall have given written notice of the default to Developer; <br />provided however, if the default is of a nature that it cannot be cured within sixty (60) days, an <br />Event of Developer Default shall not arise hereunder if Developer commences to cure the default <br />within sixty (60) days and thereafter prosecutes the curing of such default with due diligence and <br />1178986-5 3 0 <br />