AgdaPkt 2021.02.08 Joint SA PFA - Laserfiche WebLink

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6.B. - Page 29 of 113 attributable to the curing of the default or breach and such sum shall constitute a part of the indebtedness secured by the Deed of Trust. 9.7 Holder to be Notified. Developer agrees to cooperate with the City in good faith to ensure that each term contained herein dealing with security financing and rights of holders shall be either inserted into the relevant deed of trust or mortgage or acknowledged and accepted in writing by the holder prior to its creating any security right or interest in the Property or the Improvements. 9.8 Modifications to Agreement. City shall not unreasonably withhold its consent to modifications of this Agreement requested by Project lenders or investors provided such modifications do not alter City's substantive rights and obligations under this Agreement. (ii) Estoppel Certificates. Either Party shall, at any time, and from time to time, within fifteen (15) days after receipt of written request from the other Party, execute and deliver to such Parry a written statement certifying that, to the knowledge of the certifying Parry: (i) this Agreement is in full force and effect and a binding obligation of the Parties (if such be the case),this Agreement has not been amended or modified, or if so amended, identifying the amendments, and (iii) the requesting Party is not in default in the performance of its obligations under this Agreement, or if in default, describing the nature of any such defaults. ARTICLEX DEFAULTS, REMEDIES AND TERMINATION I0.1 Event of Developer Default. The following events shall constitute an event of default on the part of Developer hereunder ("Event of Developer Default"): (a) Developer fails to commence or complete construction of the Proi ect within the time period set forth in Section 5. 1, or subj ect to Force Maj eure, abandons or suspends construction work on the Project prior to completion for a period of thirty (30) days or more; (b) A Transfer occurs, either voluntarily or involuntarily, in violation of Article V1111- (c) III; (c) Developer fails to maintain insurance as required pursuant to this Agreement, and Developer fails to cure such default within five (5) days; (d) Developer fails to pay prior to delinquency taxes or assessments due on the Property or the Improvements owed by Developer, or fails to pay when due any other charge that may result in a lien on the Property or the Improvements, and Developer fails to cure such default within twenty (20) days of the date of delinquency, but in all events prior to the date upon which the holder of any such lien has the right to foreclose thereon; REV: 01-22-21 PR 42 ATTY/AGR.2020.305/Habitat for Humanity Greater San Francisco (Grant Agreement w/ Exhibits) (Page 25 of 109)