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<br />24. <br /> <br />Events of Default; Remedies; Termination; Attorneys' Fees. <br /> <br />(a) <br /> <br />Subject to any extensions of time by mutual consent in writing, and <br /> <br />subject to the provisions of Sections 16 and 18 regarding permitted delays and other <br /> <br />delays, any failure by any pélrty to perfoI1rfl any material teI1rfl or provision of this <br /> <br />Agreement shélll constitute éln Event of Default if: <br /> <br />(i) <br /> <br />The defaulting pélrty does not cure the failure within 30 days <br />follo,^,ing notice of default from the other party, where the <br /> <br />failure can be cur-ed within the 30 day I'eriod; or <br /> <br />(ii) <br /> <br />The defaulting I'arty does not commence substantial efforts to <br /> <br />i~f:::;: <br /> <br />cure the failure within that 30 day period where the failure can <br /> <br />....." <br />.""~ <br />~~::f .. <br /> <br />¡~~:d:, <br /> <br />not be cured within that 30 day period, and thereélfter does not <br /> <br />" .. .. <br />..~ .... <br /> <br />,_..-' <br />" .. " <br />",~".... <br /> <br />pr-oceed diligently to cur-e the failure. <br /> <br />'."'" <br />,'.. ., <br />':;::;.>::, <br /> <br />..~"~, <br />.. .. .k <br /> <br />:::";;IÍ: <br /> <br />(b) <br /> <br />Any notice of default must sl'ecify in detail the nature of the failure to <br /> <br />D~~i <br /> <br />perform which the noticing party claims constitutes the Event of Default and the <br /> <br />manner in which the Event of Defélult can be satisfactorily cured. While a party is <br /> <br />attempting to perform within the time periods specified in this Section 24 for- cure of <br /> <br />él failure to perform, the party char~ed with failure to perform is not in default for <br /> <br />purposes of termination of this Agreement, institution of legal proceedings with <br /> <br />respect thereto, . or- issuance of any Approvals with respect to the Project.' <br /> <br />(c) <br /> <br />. - <br /> <br />Upon the failure to cure an Event of Default, élny nondefélulting pélrty <br /> <br />may bring any action at law or in equity permit1ted by the Laws or this Agreement, <br /> <br />including but not limited to any proceeding in the nature of specific performance, <br /> <br />-37- <br /> <br />DV AGRCJ>3. ocx: <br />August 26, 1996 <br /> <br />... - .,.. ,..,.,. .. <br />