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36 <br /> <br />in connection with such amendments requested by Developer or its Lender, including without <br />limitation attorneys’ fees and consultants’ fees for the review of the request and preparation of an <br />amendment, shall be borne by the Developer. <br />ARTICLE 5. <br />DEFAULT, REMEDIES AND TERMINATION <br />5.1. Events of Default. <br />Subject to any extensions of time by mutual consent of the Parties in writing, and subject <br />to the provisions of Section 9.2 hereof regarding permitted delays and a Mortgagee’s right to <br />cure pursuant to Section 8.3 hereof, any failure by either Party to perform any material term or <br />provision of this Agreement (not including any failure by Developer to perform any term or <br />provision of any Project Approvals) shall constitute an “Event of Default,” (i) if such defaulting <br />Party does not cure such failure within ninety (90) days (such ninety (90) day period is not in <br />addition to any ninety (90) day cure period under Section 3.5, if Section 3.5 is applicable) <br />following written notice of default from the other Party, where such failure is of a nature that can <br />be cured within such ninety (90) day period, or (ii) if such failure is not of a nature which can be <br />cured within such ninety (90) day period, the defaulting Party does not within such ninety (90) <br />day period commence substantial efforts to cure such failure, or thereafter does not within a <br />reasonable time prosecute to completion with diligence and continuity the curing of such failure. <br />Any notice of default given hereunder shall specify in detail the nature of the failures in <br />performance that the noticing Party claims constitutes the Event of Default, all facts constituting <br />substantial evidence of such failure, and the manner in which such failure may be satisfactorily <br />cured in accordance with the terms and conditions of this Agreement. During the time periods <br />herein specified for cure of a failure of performance, the Party charged therewith shall not be <br />considered to be in default for purposes of (a) termination of this Agreement, (b) institution of <br />legal proceedings with respect thereto, or (c) issuance of any approval with respect to the Project. <br />The waiver by either Party of any default under this Agreement shall not operate as a waiver of <br />any subsequent breach of the same or any other provision of this Agreement. <br />5.2. Meet and Confer. <br />During the time periods specified in Section 5.1 for cure of a failure of performance, the <br />Parties shall meet and confer in a timely and responsive manner, to attempt to resolve any <br />matters prior to litigation or other action being taken, including without limitation any action in <br />law or equity; provided, however, nothing herein shall be construed to extend the time period for <br />this meet and confer obligation beyond the 90-day cure period referred to in Section 5.1 (even if <br />the 90-day cure period itself is extended pursuant to Section 5.1(ii)) unless the Parties agree <br />otherwise in writing. <br />5.3. Remedies and Termination. <br />If, after notice and expiration of the cure periods and procedures set forth in Sections 5.1 <br />and 5.2, the alleged Event of Default is not cured, the non-defaulting Party, at its option, may <br />institute legal proceedings pursuant to Section 5.4 of this Agreement and/or terminate this <br />Agreement pursuant to Section 5.6 herein. In the event that this Agreement is terminated