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<br />action to comply with the state or federal law in question. <br /> <br />Section 3.2 Project Site Acknowledgements. The Grantee represents and warrants that <br />it shall acknowledge the assistance provided by the Ramsey County Housing and Redevelopment <br />Authority in promotional materials, press releases, reports and publications relating to the Project <br />activities that are funded in whole or in part with the HOME-ARP funds. <br /> <br />Section 3.3 Assignment. Grantee shall not cause or permit any voluntary transfer, <br />assignment, or other conveyance of this Agreement without the written consent of the Authority. <br />Any non-approved transfer, assignment or conveyance shall be void. <br /> <br />ARTICLE 4 <br />DEFAULT AND REMEDIES; ENFORCEMENT OF AGREEMENT <br /> <br /> Section 4.1 Event of Default. Any and all of the following events shall constitute an <br /> <br /> <br />A. If Grantee makes a general assignment for the benefit of creditors, admits in writing its <br />inability to pay its debts generally as they mature, files a petition in bankruptcy or a petition <br />or answer seeking a reorganization, arrangement with creditors or other similar relief under <br />the federal bankruptcy laws or under any other applicable law of the United States of <br />America or any State, consents to the appointment of a trustee or receiver for Grantee or <br />for its property, or is adjudged as bankrupt on an involuntary petition in bankruptcy, or <br />takes any action for the purpose of effecting or consenting to any of this paragraph 4.01. <br /> <br />B. If an order, judgment <br />trustee for Grantee, or a substantial part of its property, or approving a petition filed against <br />Grantee seeking a reorganization, arrangement with creditors, or other similar relief under <br />the federal bankruptcy laws, or under any other applicable law of the United States of <br />America or any State, and such order, judgment, or decree will not be vacated or set aside <br />or stayed within sixty (60) days from the date of entry of such order, judgment, or decree. <br /> <br />C. <br />Agreement is sold, assigned, transferred, or otherwise conveyed, whether voluntary, <br />involuntary or by operation of the law. <br /> <br />D. Grantee uses any portion of the HOME-ARP funds for purposes other than specified in <br />this Agreement. <br /> <br />E. Grantee breaches or fails to comply with any of the terms, conditions, requirements, <br />representations, warranties, or provisions contained in its Application, this Agreement, and <br />any other Authority document. <br /> <br />F. Any of the information, documentation, or representations that Grantee supplied to the <br />Authority in its Application, this Agreement, or any other Authority document to induce <br />the Authority to make the Grant is determined to be false, untrue, or misleading in any <br />5 <br />RS160\\2\\858927.v1 <br /> <br />