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(b) Assignor constructs or attempts to construct the Improvements in violation of Article 4 of the Loan Agreement; or (c) Assignor fails to repay the Loan or any portion thereof, if due, within the times and in the manner specified in Article 3 of the Loan Agreement and as described in the Note. The occurrence of a Developer Event of Default under this subsection shall act to accelerate automatically, without the need for any action by Assignee, the indebtedness evidenced by the Note; or (d) Assignor has not satisfied all preconditions set forth in the Loan Agreement to commence construction of the Improvements by the date set forth in the Development Schedule, or fails to commence or complete construction of the Improvements by the date set forth in the Development Schedule, or abandons or suspends construction of the Improvements prior to completion of all construction for a period of sixty (60) days after written notice by Assignee of such abandonment or suspension; or (e) Assignor fails to comply with any obligation or requirement set forth in Article 4 or 5 of the Loan Agreement; or (f) A Transfer occurs, either voluntarily or involuntarily, in violation of Article 6 of the Loan Agreement; or (g) Any representation or warranty contained in the Loan Agreement or in any application, financial statement, certificate or report submitted to Assignee in connection with the Loan Agreement proves to have been incorrect in any material and adverse respect when made; or (h) A court having jurisdiction shall have made or entered any decree or order: (i) adjudging Assignor to be bankrupt or insolvent; (ii) approving as properly filed a petition seeking reorganization of Assignor, or seeking any arrangement for Assignor, under the bankruptcy law or any other applicable debtor's relief law or statute of the United States or any state or other jurisdiction; (iii) appointing a receiver, trustee, liquidator, or assignee of Assignor, in bankruptcy or insolvency or for any of their properties; or (iv) directing the winding up or liquidation of Assignor, if any such decree or order described in clauses (i) to (iv), inclusive, shall have continued unstayed or undischarged for a period of ninety (90) days unless a lesser time period is permitted for cure under any other mortgage on the Property, in which event such lesser time period will apply under this subsection as well; or Assignor, shall have admitted in writing its inability to pay its debts as they fall due or shall have voluntarily submitted to or filed a petition seeking any decree or order of the nature described in clauses (i) to (iv), inclusive; or (i) Assignor shall have assigned its assets for the benefit of its creditors or suffered a sequestration or attachment of, or execution on, any substantial part of its property, unless the property so assigned, sequestered, attached or executed upon shall have been returned or released within ninety (90) days after such event (unless a lesser time period is permitted for cure under any other mortgage on the Property, in which event such lesser time period shall 3 1199\09\28269032 1199\09\2727850.8 ATTY/AGR.2020.100/353 Main Street Apartments LP (Page 137 of 143)