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_ _. <br /> _ - _ �� 8�t�-�� <br /> default wiUmrtcurteen ('F$ da�f'3�efl_ of_ written_ notice_ by__ the_ City and/or Agency_ of_the _..--�' D°1a0ed <br /> :.�„� m <br /> °---- - <br /> defaul� _ = <br /> — � The$eveloper �jnsolvent or has made a general assignment for the benefit of <br /> creditoT�r a r rappointed on account of the insolvency of the Developer <br /> ii) �Contractor or'any of its sub. � ntractors shouid fail to make prompt payment to <br /> _� subcoakactoT�material suppliers for matE-la1 or for labor. <br /> iit� Deva�er or a Contractor or a s�ocontractor persistenUy disregards laws, <br /> = ordinances�r the TlL�ructions of the City or the Agency. <br /> — iv) �he Developer or a Contrector fails to abide by a proper stop work notice or fails to <br /> �correct rejeC�d work or materials. <br /> = v)_ The Developer or a Contractor fails to provide and keep in full force and effect all <br /> reqnirad <br /> No effort to cure a default will extend the Develo�efs time for oerformance of the Services <br /> E. Developer may terminate this Agreement upon seven (7) days' written noGce to City <br /> and Agency should City and Agency fail substantially to perform in accordance with the tertns <br /> hereof through no fault of Developer or 'rf the Project in whole or substantial paR is stopped for a <br /> period of at least sixty (60) days under an order of any court or other public authority having <br /> jurisdiction or as a result of an act of government. <br /> F. In the event of termination for default, the Developer shali be paid its compensation <br /> for Services performed to the date of termination, including services of Contractors and Consultants <br /> then due, less such costs and expenses as City and Agency may incur on account of the <br /> Developer's failure to perform. <br /> � wNDen: unasrpraune aublk� <br /> I 10. RECORDS. Until the ublic Parkin Facili is finally accepted by_ the City and_ Agency UI8 ,.-�"� pa��9 Fae9riy <br /> Developer shall maintain proper and detailed books of record and account for the Services and all <br /> costs related thereto, and shall require the Contractors and Consultants to do so. The Developer <br /> covenants that such accounting books will be maintained in accordance with generaliy accepted <br /> accounting principles. Developer shall permit City, Agency and their authorized representatives to <br /> , inspect,�xamine and coov Developer's books, records, accounts, and any and_all data relevant to ..--�" <br /> odecad: ana <br /> -------------------------- ----------------- <br /> this Agreement at any reasonable time for the purpose of auditing and verifying statements, <br /> invoices, or bills submitted by Developer pursuant to this Agreement and shall provide such <br /> assistance as may be reasonably required in the course of such inspection. City and Agency <br /> further reserve the right to examine and re-examine said books, records, accounts, and data during F°�n'K°°' wrc' 9a <br /> { od.eed: ssanv�o��ee�000� <br /> 9/26/03 15 <br /> j 56877v1C337B61000t <br /> .___..._...____...__________._.__ _ �. <br /> DB8100903/Agr.147 � --------------------------------------------------------, <br />