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and neither the Commission nor the Developer shall have any further rights against or liability to the other under the Contract. C. Termination by Commission Prior to Conve ance. In the event that: prior to conveyance of the Property to the Developer and in violation of the Contract: a. the Developer (or successor in interest) assigns or attempts to assign the Contract or any rights therein or the Property, or b. there is any change in the ownership of the Developer or with respect to the identity of the parties holding partnership interest in the Developer or the degree thereof, which the Commission reasonably has refused to approve; or 2. the Developer does not submit reasonably satisfactory architectural and site plans, or evidence of necessary equity capital and mortgage financing, in satisfactory form and in the manner and by the dates respectively provided in the Contract therefore; then the Contract and any rights of the Developer in the Contract and the Property shall, at the option of the Commission, without need of the consent of the Developer, be terminated: Provided, however, that with respect to any default or failure referred to in subdivisions 1 or 2 of this SECTION X, Subsection C, a period of thirty (30) days shall be given to cure such failure or default after the date of written demand by the Commission shall be given to cure such failure or default. D. Revesting Title in Commission upon Happening of Event Subsequent to Conveyance to Developer. If, subsequent to conveying any part of the Property to the Developer and prior to completion of the Project as certified by the Commission: 1. the Developer (or successor in interest) shall default in or violate its obligations with respect to the construction of the Project, including the nature and the dates for the beginning and completion thereof, or shall abandon or substantially suspend construction work, and any such default, violation, abandonment, or suspension shall not be cured, ended, or remedied within three (3) months [six (6) months, if the default is with respect to the date of completion of the construction] after written demand by the Commission so to do; or 2. the Developer (or successor in interest) shall fail to pay real estate taxes or assessments on the Property when due, or shall place thereon any dms.us.53213138.03 11