80A - JT PH VISTA DEL RIO HOUSING

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(g) Work on the Construction ceases for thirty (30) consecutive days for any reason (other than governmental orders, decrees or regulations, acts of God or any other deity, strikes or other causes beyond Vista Del Rio's reasonable control), provided that the same do not, in the aggregate and in the City's reasonable judgment, threaten to delay the completion of the Construction beyond the required completion date set forth in this Agreement; (h) Vista Del Rio is enjoined or otherwise prohibited by any Governmental Authority from constructing and/or occupying the improvements and such injunction or prohibition continues unstayed for sixty (60) days or more for any reason; (i) [intentionally omitted]; (j) Vista Del Rio is dissolved, liquidated or terminated, or all or substantially all of the assets of Vista Del Rio are sold or otherwise transferred without the Executive Director's prior written consent; (k) Vista Del Rio is the subject of an order for relief by a bankruptcy court, or is unable or admits its inability to pay its debts as they mature, or makes an assignment for the benefit of creditors; or Vista Del Rio applies for or consents to the appointment of any receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar officer for it or any part of its property; or any receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar officer is appointed without the application or consent of Vista Del Rio and the appointment continues undischarged or unstayed for ninety (90) days; or Vista Del Rio institutes or consents to any bankruptcy, insolvency, reorganization, arrangement, readjustment of debt, dissolution, custodianship, conservatorship, liquidation, Construction or similar proceeding relating to it or any part of its property; or any similar proceeding is instituted without the consent of Vista Del Rio and continues undismissed or unstayed for ninety (90) days; or any judgment, writ, warrant of attachment or execution, or similar process is issued or levied against any property of Vista Del Rio and is not released, vacated or fully bonded within ninety (90) days after its issue or levy; or (1) (i) any of the Senior Loan documents is revoked or terminated, in whole or in part and for any reason (except due to repayment of such loans), without the Executive Director's prior written consent, or (ii) Vista Del Rio defaults or otherwise fails to perform any of its duties or obligations under or in connection with any of the Senior Loan documents, subject to all applicable notice and cure periods, or (iii) any of the Senior Loan documents is amended, supplemented or otherwise modified without City's prior written consent, which consent shall not be unreasonably withheld. Notwithstanding anything to the contrary contained herein, City hereby agrees that any cure of any default made or tendered by Vista Del Rio's Limited Partner shall be deemed to be a cure by Vista Del Rio and shall be accepted or rejected on the same basis as if made or tendered by Vista Del Rio. 20.2 Remedies Upon Default. Upon the occurrence of any Event of Default, City may, at its option and in its absolute discretion, do any or all of the following: (a) By written notice to Vista Del Rio, declare the principal of all 38 80A-114