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and/or local accounts or program funds or allocation of funds to <br />which CITY is or may be entitled, either for its own account or as <br />fiduciary or trustee for others, which were obtained for the <br />purpose of the performance of this agreement or any previous <br />agreements relating to the same subject matter or activities as <br />this agreement, together with any instruments, loans, grants or <br />advances by SUBRECIPIENT on behalf of CITY, in furtherance of the <br />activities hereunder or thereof. <br />SUBRECIPIENT's obligations and responsibilities set forth <br />in this paragraph "IX REVERSION OF ASSETS" AND IN PARAGRAPHS <br />"X TERMINATION" and "III PROGRAM INCOME" shall not be affected by <br />the termination of this agreement and shall survive the date of <br />termination of this agreement for such period of time as CITY <br />and/or HUD deems necessary for the responsibilities, duties and <br />obligations to be performed and completed to the satisfaction of <br />CITY and HUD. <br />X. TERMINATION <br />A. This agreement may be terminated on thirty (30) <br />days' written notice by either party. In the event of such <br />termination, SUBRECIPIENT shall only be entitled to reimbursement <br />for approved expenses incurred to the effective date of <br />termination. <br />B. This agreement may be suspended or terminated by <br />CITY upon five (5) days' written notice for violation by <br />SUBRECIPIENT of Federal Laws governing the use of Community <br />Development Block Grant Funds. In the event of such suspension or <br />Page 16 of 21 Pages <br />