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A. Failure by the Developer to observe and substantially perform any <br /> covenant, condition, obligation, or agreement on its part to be observed or <br /> performed under the terms of this Agreement. <br /> B. If the Developer shall admit in writing its inability to pay its debts generally <br /> as they become due, or shall file a petition in bankruptcy, or shall make an <br /> assignment for the benefit of its creditors, or shall consent to the <br /> appointment of a receiver of itself or of the whole or any substantial part of <br /> the Property. <br /> C. If the Developer shall file a petition under the Federal bankruptcy laws. <br /> D. If the Developer shall fail to begin construction of the Developer Public <br /> Improvements in conformance with this Agreement, and such failures are <br /> not due to unavoidable delays as defined in this Agreement. <br /> E. The Developer shall, after commencement of the construction of any of <br /> the Developer Improvements, default in or violate its obligations with <br /> respect tot he construction of the same(including the nature and the date <br /> for the completion thereof), or shall abandon or substantially suspend <br /> construction work, and such act or actions is not due to unavoidable <br /> delays as determined by the City Engineer in his sole but reasonable <br /> discretion and any such default, violation, abandonment, or suspension <br /> shall not be cured, ended, or remedied within the time provided for in this <br /> Agreement. <br /> XXV. Notice/Remedies on Default. Whenever any Event of default occurs, the City <br /> shall give written notice of the Event of Default to Developer by United States mail at its <br /> last known address. If the Developer fails to cure the Event of Default within fifteen (15) <br /> days of the date of mailed notice, in addition to any other remedy provided in this <br /> Agreement, and without waiver of any such right, City may avail itself of any or all of the <br /> following remedies for so long as the Developer is in default: <br /> A. Halt all plat development work and construction of Developer <br /> Improvements until such time as the Event of Default is cured. <br /> B. Refuse to issue building permits or occupancy permits as to any lot until <br /> such time as the Event of Default is cured. <br /> C. Apply to a court of competent jurisdiction to enjoin continuation of the <br /> Event of Default. <br /> D. If the Event of Default is the failure of Developer to complete, construct, <br /> install, or correct the Developer Improvements in accordance with the <br /> plans and specifications and this Agreement, City may perform the <br /> construction or work and the Developer shall reimburse City for its <br /> 13 <br />