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Section 9.2. Remedies on Default. Whenever any Event of Default referred to in Section 9.1 occurs and is continuing, the City may immediately suspend its performance under this Agreement and may take anyone or more of the following actions after (except in the case of an Event of Default under subsections (a) or (g) of Section 9.1) the giving of thirty (30) days' written notice to the Developer of the Event of Default by the City, but only if the Event of Default has not been cured within said thirty (30) days, or if the Event of Default cannot be cured within thirty (30) days and the Developer does not provide assurances to the City reasonably satisfactory to the City that the Event of Default will be cured as soon as reasonably possible. (a) The City may terminate this Agreement. (b ) The City may draw upon any guarantee or security provided to the City pursuant to any of the temis of this Agreement according to its terms. . (c) The City may take any action, including legal, equitable or administrative action, which may appear necessary or desirable to collect any payments due under this Agreement or to enforce performance and observance of any obligation, agreement, or covenant of the Developer under this Agreement. After completion of a Phase or Sub-Phase the City may not exercise any remedy with respect to such Phase or Sub-Phase as a result of a Developer Event of Default arising with respect to a subsequent Phase or Sub-Phase. Section 9.3. Revesting Title in City. In the event that subsequent to conveyance of a Parcel of the Development Property or any part thereof to the Developer and prior to completion of construction of the Sub-Phase to be constructed on the Parcel there occurs a Developer Event of Default, then the City shall have the right to re-enter and take possession of the Parcel and to terminate (and revest in the City) the estate conveyed in the Parcel to the Developer, it being the intent of this provision, together with other provisions of this Agreement, that the conveyance of the Parcel to the Developer shall be made upon a condition subsequent to the effect that in the event of any default on the part of the Developer and failure on the part of the Developer to remedy, end, or abrogate such default within the period and in the manner stated in such subdivisions, the City at its option may declare a termination in favor of the City of the title, and of all the rights and interests in and to the Parcel conveyed to the Developer, and that such title and all rights and interests of the Developer, and any assigns or successors in interest to and in the Parcel, shall revert to the City, but only if the Event of Default has not been cured within the time periods stated in Section 9.2, or if the events cannot be cured within such time periods, the Developer does not provide assurances to the Authority, reasonably satisfactory to the Authority, that the events will be cured and will be cured as soon as reasonably possible. Section 9.4. Resale of Reacquired Property: Disposition of Proceeds. Upon the revesting in the City of title to a Parcel or any part thereof as provided in Section 9.3, the City shall use its best efforts to resell the Parcel or part thereof as soon and in such manner as the City shall find feasible and consistent with the objectives of such law and of the Project Plan to a qualified and responsible party or parties (as determined by the City) who will assume the obligation of making or completing the Sub-Phase on the Parcel or such other improvements in their stead as 27