Recipient not Remedying. If the City has provided the Recipient with an opportunity to remedy the Event of Default pursuant to section 13.3 and: (a) the Recipient does not remedy the Event of Default within the time period specified in the Notice; (b) it becomes apparent to the City that the Recipient cannot completely remedy the Event of Default within the time period specified in the Notice or such further period of time as the City considers reasonable; or (c) the Recipient is not proceeding to remedy the Event of Default in a way that is satisfactory to the City, the City may initiate any one or more of the actions provided for in sections 13.2.
Appears in 3 contracts
Sources: Funding Agreement, Funding Agreement, Funding Agreement