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parties, shall cure any defaults required to be cured (subject to subparagraph (c)) and shall expressly assume the covenants, agreements and obligations of Developer under the DDA accruing from and after the date of such transferee's or Purchaser's acquisition of title to the Project by written agreement satisfactory to Agency. (c) Notwithstanding any provisions of Section 513 of the DDA to the contrary, if any Default by Developer under the DDA is not susceptible of cure within the 90-day cure period provided for therein, neither Agency nor City shall have the right to exercise any of its remedies as a result of such Default for as long as Lender is diligently prosecuting the cure of any such Default to completion; provided, further, that if such Default is not reasonably susceptible of cure by Lender, Agency and City shall nonetheless forebear from the exercise of their remedies for as long as Lender is diligently exercising its foreclosure remedies or attempting to have a receiver appointed pursuant to the Loan Documents and as long as Lender, any Purchaser or any receiver performs the obligations of Developer under the DDA in all material respects after such foreclosure, deed- in-lieu thereof or appointment. Any Default by Developer not reasonably susceptible of being cured by Lender shall be deemed waived by Agency and City upon completion of the foreclosure proceedings by Lender or upon the acquisition of Developer's interest in the Project, except any Default which is susceptible to being cured only after such completion and acquisition, which shall then be cured with reasonable diligence. (d) Notwithstanding the provisions of Section 514 of the DDA, (i) Agency shall not have the right to purchase the Loan Documents until the later of (A) six (6) months after a Default by Developer in the completion of the construction of the Project under the DDA, or (B) the occurrence of an Event of Default under the Loan Documents and the lapse of all cure periods provided for in the Loan Documents and the first to occur of (1) Lender's recordation of a notice of default pursuant to Cal. Civ. Code §2924, et g:g., or (2) Lender's delivery to Agency of written notice of Lender's intent to accept from Developer a deed· in-lieu of foreclosure of the Deed of Trust, which Lender shall deliver to Agency not later than ninety (90) days prior to the effective date of any such deed- in-lieu of foreclosure; (ii) Agency's right to purchase the Loan Documents shall be conditioned upon the payment to Lender of all indebtedness and other obligations outstanding under the Loan Documents, including, without limitation, all attorneys' fees and other costs of enforcement of Lender's rights under the Loan Documents; and (iii) Agency shall not have the right to acquire the Project or any security for the Loan from Lender under such Section 514 of the DDA after Lender has enforced its rights under the Loan Documents by foreclosure or deed- in-lieu of foreclosure. (e) Agency's right of access to the Project Site under Section507 of the DDA shall be exercised by Agency in a manner consistent with the access and inspection rights of Lender under the Loan Documents. - 6- . . . -----....,...