Defaults of Developer i. In the event the Developer fails to negotiate in good faith to undertake the completion of the tasks identified in Section 4 above, NPS may give written notice (“Developer Default Notice”) thereof to Developer specifying in reasonable detail the grounds for NPS’ determination that Developer has failed to negotiate in good faith. Following the receipt of such notice, Developer shall have ten (10) working days to resolve the dispute or cure the default, as applicable, identified in the Developer Default Notice; provided, however, if such resolution of the dispute or cure, as applicable, cannot be completed within such time period, if Developer commences such resolution or cure, as applicable, within such time period and diligently prosecutes such resolution or cure, as applicable, thereafter, such time period shall be correspondingly extended for a period of time not to exceed forty-five (45) days from the giving of the Developer Default Notice. If such dispute is not resolved or default cured to the reasonable satisfaction of NPS within such time period, NPS shall have the right to terminate this Agreement pursuant to Section 6(e)(ii) below by delivery of written notice (“NPS Termination Notice”) from NPS to Developer, which shall state the grounds for NPS’ determination that such dispute remains unreconciled.
