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Any failure by DU to perform any term or provision of this Agreement shall <br /> constitute an "Event of Default" (1) if DU does not cure such failure within thirty (30) days <br /> following written notice of default from City, or (2) if such failure is not of a nature which <br /> can be cured within such thirty (30) day period, DU does not within such thirty (30) day <br /> period commence substantial efforts to cure such failure, or thereafter does not within a <br /> reasonable time prosecute to completion with diligence and continuity the curing of such <br /> failure. <br /> Any notice of default given hereunder shall specify the nature of the failure in <br /> performance which City claims constitutes a default and the manner in which such <br /> default may be satisfactorily cured. During the time periods herein specified for cure of a <br /> failure to perform, DU shall not be considered to be in default of this Agreement. <br /> Any failure or delay by City in asserting any of its rights or remedies as to any <br /> Event of Default shall not operate as a waiver of any Event of Default or of any such <br /> rights or remedies or deprive City of its right to institute and maintain any actions or <br /> proceedings which it may deem necessary to protect, assert or enforce any such rights <br /> or remedies. City may pursue any and all remedies available at law or in equity. <br /> 16. EARLY TERMINATION, SUSPENSION, AND FAILURE TO PERFORM <br /> Before the Project is complete, either party may terminate this Agreement for any <br /> reason by providing the other party with seven days notice in writing and the City may <br /> suspend the Agreement upon written notice. In either case, DU shall immediately stop <br /> work under the Agreement and shall take all reasonable measures to prevent further <br /> expenditure of the City Funds. Any notice suspending work under this Agreement shall <br /> remain in effect until further written notice from the City authorizes work to resume. <br /> If DU fails to complete the Project as required, or fails to fulfill any other <br /> obligations of this Agreement prior to the termination date, DU shall be liable for <br /> immediate repayment to the City of all amounts disbursed by the City under this <br /> Agreement. The City may, at its sole discretion, consider extenuating circumstances <br /> and not require repayment for work partially completed. This paragraph shall not limit <br /> any other remedies that the City may have for breach of this Agreement. <br /> The parties expressly agree to waive, release and relinquish the recovery of any <br /> consequential damages that may arise out of the termination or suspension of this <br /> Agreement under this section. <br /> DU shall include in any agreement with any contractor retained for work under <br /> this Agreement a provision that entitles DU to suspend or terminate the agreement with <br /> the contractor for any reason on written notice and on the same terms and conditions <br /> specified in this section. <br /> 17. OPERATION AND MAINTENANCE <br /> DU shall use, manage, maintain and operate the Project throughout the term of <br /> this Agreement and until the transfer of ownership of the Project is transferred to the Don <br /> Edward National Wildlife Refuge. The City shall not be liable for any cost of <br /> ATTY /AGR /2011.009 /DUCKS UNLIMITED <br /> 032511 revised final version <br /> 7 <br />