Developer Defaults Triggering Department Termination Rights Sample Clauses

Developer Defaults Triggering Department Termination Rights. Developer agrees, acknowledges and stipulates that any of the Developer Defaults listed in this Section 19.3.1 would result in material and substantial harm to the Department’s rights and interests under this Agreement and therefore constitute a material Developer Default justifying termination if not cured within the applicable cure period, if any. After expiration of the applicable cure period (if any) provided to Developer under this Agreement, the following Developer Defaults (each a “Default Termination Event”) shall, subject to the provisions of the Direct Agreement, entitle the Department, at its sole election, to terminate this Agreement and the Lease, effective immediately upon delivery of written notice of termination to Developer and the Collateral Agent under the Security Documents as required by the Direct Agreement: 19.3.1.1 There occurs a Developer Default under Section 18.1.1.15. 19.3.1.2 There occurs a Developer Default under Section 18.1.1.16. 19.3.1.3 There occurs a Developer Default under Section 18.1.1.17. 19.3.1.4 There occurs a Developer Default under Section 18.1.1.13 or 18.1.1.14. 19.3.1.5 There occurs any other Developer Default for which the Department issues a Warning Notice under Section 18.2.8 and such Developer Default is not fully and completely cured within the applicable cure period, if any, set forth in Section