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(4) The Developer fails to comply with any obligation or requirement set forth in Article 4 or Article 5; (5) A Transfer occurs, either voluntarily or involuntarily, in violation of Article 6; (6) Any representation or warranty contained in this Agreement or in any application, financial statement, certificate or report submitted to the City in connection with this Agreement proves to have been incorrect in any material and adverse respect when made; (7) An event of default occurs under the Deed of Trust, the Promissory Note, or the Regulatory Agreement, subject to all applicable notice and cure periods; (8) A court having jurisdiction shall have made or entered any decree or order: (i) adjudging the Developer or its Sponsors to be bankrupt or insolvent; (ii) approving as properly filed a petition seeking reorganization of the Developer or its Sponsors, or seeking any arrangement for the Developer or its Sponsors, 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 the Developer or its Sponsors, in bankruptcy or insolvency or for any of their properties; or (iv) directing the winding up or liquidation of the Developer or its Sponsors, 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 (i) as well; or the Developer or its Sponsors, 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; (9) The Developer 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 apply under this subsection (10) as well) or prior to sooner sale pursuant to such sequestration, attachment, or execution; (10) The Developer or its Sponsors shall have been dissolved or shall have voluntarily suspended their business; or (11) There shall occur any default declared by any lender under any loan document related to any loans, secured by a deed of trust on the Development after the expiration of all applicable cure periods; or (12) The Developer breaches any other material provision of this Agreement or any material provision in any of the other City Documents which remains uncured after expiration of any applicable cure periods. REV: 06-17-2020 PR 1199\09\2727850.8 ATTY/AGR.2020.100/353 Main Street Apartments LP (Page 49 of 143)