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7.1 Default. An event of default ( "Event of Default ") shall arise hereunder if either <br /> Party fails to keep, observe, or perform any of its covenants, duties, or obligations under this <br /> Agreement, and the default continues for a period of thirty (30) days, or in the case of a default <br /> which cannot with due diligence be cured within thirty (30) days, the defaulting Party fails to <br /> commence to cure the default within thirty (30) days of such default and thereafter fails to <br /> prosecute the curing of such default with due diligence and in good faith to completion within <br /> not more than ninety (90) days. <br /> 7.2 Remedies. Upon the occurrence of an Event of Default, in addition to pursuing <br /> any other remedy allowed at law or in equity or otherwise provided in this Agreement, the non - <br /> defaulting Party may bring an action for equitable relief seeking the specific performance of the <br /> terms and conditions of this Agreement, and/or enjoining, abating, or preventing any violation of <br /> such terms and conditions, and/or seeking to obtain any other remedy consistent with the purpose <br /> of this Agreement, and may pursue any and all other remedies available under this Agreement or <br /> under law or equity to enforce the terms of this Agreement. <br /> 7.3 Remedies Cumulative. Except as otherwise expressly stated in this Agreement, <br /> the rights and remedies of the Parties are cumulative, and the exercise by either Party of one or <br /> more of such rights or remedies shall not preclude the exercise by it, at the same or different <br /> time, of any other rights or remedies for the same or any other default by the other Party. <br /> 7.4 Inaction Not a Waiver of Default. No failure or delay by either Party in asserting <br /> any of its rights and remedies as to any default shall operate as a waiver of such default or of any <br /> such rights or remedies, nor deprive either Party of its rights to institute and maintain any action <br /> or proceeding which it may deem necessary to protect, assert or enforce any such rights or <br /> remedies in the same or any subsequent default. <br /> 8. Miscellaneous. <br /> 8.1 Notices. Except as otherwise specified in this Agreement, all notices to be sent <br /> pursuant to this Agreement shall be made in writing, and sent to the Parties at their respective <br /> addresses specified below or to such other address as a Party may designate by written notice <br /> delivered to the other parties in accordance with this Section. <br /> To Agency: Redevelopment Agency of the City of San Leandro <br /> 835 East 14 Street <br /> San Leandro, CA 94501 <br /> To City: City of San Leandro <br /> 835 East 14 Street <br /> San Leandro, CA 94501 <br /> 1605038.2 4 <br />