14-20 Cedar Glen Bond Ordinance Addendums

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General Partner and effect such cure and (ii) provides written notice to MBI within such thirty (30) day period describing what efforts it has commenced and intends to continue to effect such cure, the thirty (30) day cure period provided above shall be extended for a period ending the earlier of(i) ninety (90) days after the expiration of such thirty (30) day cure period provided above, (ii) the date as of which Limited Partner shall cease the diligent pursuit of such actions as may be reasonably required to effect such cure, or (iii) the date as of which the cure of such default by Limited Partner shall become impossible; (g) The occurrence of a Prohibited Transfer; (h) The occurrence of an"Event of Default" under the Note or any of the other Loan Documents (for purposes of this paragraph, an "Event of Default" under shall mean the occurrence of any event or circumstance which is either defined as, or would constitute, an "Event of Default" under the terms of such Loan Document); (i) With respect to any Loan Document which does not contain an express definition for an"Event of Default", the occurrence of any default under such Loan Document and a failure to cure such default within the applicable cure period specified herein or therein,if any; 6) In the event the Project is abandoned or the construction or rehabilitation of the Improvements or installation of the Personal Property is stopped or delayed, except for delays beyond the reasonable control of Borrower, and such event continues for a period of thirty (30) days after written notice of such default or failure has been sent to Borrower; provided, however, that if Limited Partner (i) commences efforts to replace the General Partner as general partner of the Borrower with an affiliate of the Limited Partner as permitted by this Agreement and to effect such cure within such thirty (30) day period and thereafter diligently proceeds to take such actions as may be reasonably required to so replace the General Partner and effect such cure and (ii) provides written notice to MBI within such thirty (30) day period describing what efforts it has commenced and intends to continue to effect such cure, the thirty (30) day cure period provided above shall be extended for a period ending the earlier of(i) ninety (90) days after the expiration of such thirty (30) day cure period provided above, (ii) the date as of which Limited Partner shall cease the diligent pursuit of such actions as may be reasonably required to effect such cure, or (iii) the date as of which the cure of such default by Limited Partner shall become impossible; (k) In the event (i) the Improvements are not completed in substantial compliance with the Plans and Specifications, as approved by MBI and any applicable statutes, ordinances, codes, rules and regulations of civil authorities having jurisdiction, and all of the Personal Property required or contemplated by the Plans and Specifications has not been installed by the Target Completion Date, or (ii) the construction or rehabilitation of the Improvements or installation of the Personal Property is delayed for any period of time for any reason whatsoever and MBI determines, in its reasonable judgment, that the construction or rehabilitation of the Improvements and the installation of the Personal Property required or contemplated by the Plans and Specifications will not be completed by the Target Completion Date; (1) In the event any mechanic's lien or other lien (other than the Permitted Encumbrances) shall be asserted or filed against the Project and such lien shall not be released, bonded over or insured over by a title insurance company in a manner satisfactory to MBI within sixty(60) days after the assertion or filing thereof; Page 58