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19.9.1 Notwithstanding the foregoing, as long as the value of City's liens are not <br />impaired, any condemnation proceeds may be used by the Borrower for repair and/or restoration <br />of the project. <br />19.9 Waiver of Subrogation. Developer hereby waives all rights to recover against the City <br />(or any officer, employee, agent or representative of City) for any loss incurred by Developer <br />from any cause insured against or required by any Loan Document, to be insured against; <br />provided, however, that this waiver of subrogation shall not be effective with respect to any <br />insurance policy if the coverage thereunder would be materially reduced or impaired as a result. <br />Developer shall use its best efforts to obtain only policies which permit the foregoing waiver of <br />subrogation. <br />20. DEFAULTS AND REMEDIES <br />20.1 Events of Default. The occurrence of any of the following, whatever the reason <br />therefore, shall constitute an Event of Default by Developer: <br />(a) Developer fails to make any payment of principal or interest under the HOME <br />Loan Note(s) when due, and such failure is not cured within fifteen (15) Business <br />Days after Developer's receipt of written notice that such payment was not <br />received when due; <br />(b) Developer fails to perform any other obligation for the payment of money under <br />any Loan Document, and such failure is not cured within fifteen (15) Business <br />Days after Developer's receipt of written notice that such obligation was not <br />performed when due; <br />(c) Developer fails to perform any obligation (other than the obligations described in <br />subparagraphs (a) and (b) above) under any Loan Document, and such failure is <br />not cured within thirty (30) days after Developer's receipt of written notice that <br />such obligation was not performed; provided that, if cure cannot reasonably be <br />effected within such thirty (30) day period, such failure shall not be an Event of <br />Default so long as Developer (in any event, within ten (10) days after receipt of <br />such notice) commences to cure, and thereafter diligently (in any event within <br />ninety (90) days after receipt of such notice) prosecutes such cure to completion; <br />(d) Any representation or warranty in any ,Loan Document proves to have been <br />incorrect in any material respect when made; <br />(e) The Property is materially damaged or destroyed by fire or other casualty unless <br />Developer fulfills the Restoration Conditions set forth in the insurance provisions <br />of this Agreement within ninety (90) days (unless extended pursuant to Section <br />19.5) and thereafter diligently restores the Property in accordance with this <br />Agreement; <br />(f) Work on the construction ceases for thirty (30) consecutive days for any reason <br />(other than governmental orders, decrees or regulations, acts of God or any other <br />