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�oio��s35 or twenty (20) Busii�ess Days (in the case of a nnn-monetary default) following notice of such breach or default from the Authority to the Owner, provzded" however, that if a non-��nonetary default cannot reasonably be cured within twenty (20) Business Days and the Owner commcnces a cure within t�enty (20) Business Days and praceeds in gaod faith to effect such cure thereafCer, the cure period with respect to such breach or default sha11 be extended for up to the lesser of (x} an additianal thirty (30) Business Days or (y) the latest permissible date for carrection of the applicable breach under the Prngram Req�uirements without causing a Recapture Event; (ii) The commencement of foreclosure proceedings with respect to any Deed of Trust which has not been withdrawn or disznissed within thirty (30) calendar days after th� date of such cornmencernent; (iii) The Owner's failure to perform any term or condition of this Agreement; provided, however, that if a cure period is pravided far the remedy of such failure, Owner's failure to perform will nnt constitute an Event of Default until such date as the apecified sure period expires; (iv) A violation af any law, regulation or order applicable to the Owner or the Prnject that has or might reasonably be expected to have a material adverse impact on the operation of the Project and is not cured within the applicable cure period, if any, provided in such law, r�gulation, or order; or (v) A default has occurred under the LURA, which is nat cured within the Cime periad for cure as provided therein; or (vi) Grass negligence, fraud, willful misconduct, misappropriation of the Suhaward, or criminal activity by the Owner; (vii) A Recapture Event shall occur and the Recapture Amount due in cannection therewith shall remain unpaid for a period of ten (10) Business Days after notice thereof from the Authority or Treasury, unless a later date is specified in such notice; (viii) The Owner fails to comply with the Constructioz�/Draw Schedule s�t forth in Exh'rbit F and the Autharity has determined that the Projcct cannat be completed by the Placed In-Service Date; (ix) A breach by the Owner of any or 'rts representations, warranties and covenants contained in this Agreement that has a material adverse impact on the Proj ect; (x) The Owner fails to tirnely execute an amendment to this Agrs�ment in such form as the Auth�rity requires because of changes to the Program Requirements; l8 4R41-2135-3478.2