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5.1.1 I~vents of Default. Developer is in default under this <br /> Agreement upon the happening of one or more of the <br /> following events or conditions: <br /> <br />If a warranty, representation or statement made or <br />furnished by Developer to Cabarrus County is false or <br />proves to have been false in any material respect when <br />it was made; <br /> <br />(2) <br /> <br />A finding and determination made by Cabarrus County <br />following a periodic review that upon the basis of <br />substantial evidence the Developer has not complied in <br />good faith with one or more of the terms or conditions <br />of this Agreement. <br /> <br />(3) <br /> <br />Any other event, condition, act or omission which <br />materially interferes with the intent and objectives of <br />this Agreement. <br /> <br />5.1.2 Procedure uoon Default. <br /> <br />(1) Upon the occurrence pf default, County shall give <br /> Developer (the "defaulting party'~ thirty (30) days <br /> written notice specifying the nature of the alleged <br /> default and, when appropriate, the manner in which <br /> said default may be satisfactorily cured. After proper <br /> notice and exp{rat{on of said thirty (30) day cure period <br /> without cure, Cabarrus County may terminate or amend <br /> this Agreement in accordance with the procedure <br /> adopted by Cabarrus County. Failure or delay in giving <br /> notice of default shall not constitute a waiver of any <br /> default, nor shall it change the time of default. <br /> <br />(2) Cabarrus County does not waive any claim of defect in <br /> performance by Developer, if. on periodic review <br /> Cabarrus County does not propose to modify or <br /> terminate this Agreement. <br /> <br />(3) Non-performance shall not be excused because of a <br /> failure of a third person. <br /> <br />(4) <br /> <br />An express repudiation, refusal or renunciation of the <br />contract, if the same is in writing and signed by the <br />Developer, shall be sufficient to terminate this <br />Agreement and a hearing on the matter shall not be <br />required, ct <br /> <br />(s) <br /> <br />Adoption of a law or other governmental activity making <br />performance by the applicant unprofitable or more <br />difficult or more expensive does not excuse the <br />performance of the obligaUon by the Developer. <br /> <br />(6) <br /> <br />All other remedies at law or in. equity which are not <br />consistent with the provisions of'this Agreement or are <br />available to the~parties to pursue in the event there is a <br />breach. <br /> <br /> <br />