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reasons as they.deem sufficient notwithstanding that such proposed principal or transferee may have the experience and fmancial resources sufficient to participate in the construction and ownership of the Project Improvements as contemplated herein. Notwithstanding anything in this Section 5.2 to the contrary, the County shall have the right to grant a security interest reasonably necessary and beneficial to se.cure financing for the County Facilities. Such security i~terest shall be limited to the County's interest as a cotenant of the Real Property, the County's interest under this Agreement, under the General Construction Contract and under the other agreements to which the County is a- party and wluch are related to the development contemplated herein. Such security interest shall provide that in the event of a foreclosure of the security interest, the secured party shall automatically become a pazty to tlus Agreement as if the secured party had been originally nat~ herein in the County's place and stead, and that the District's rights under this Agreement shall be unimpaired and shall continue in full force and effect. SECTION 6. DEFAULT; REMEDIES 6.1 Default-Cure. ~ (i) Default by County. The County shall be in default hereunder if it shall breach any of the provisions of this Agreement relating to the payment of money, whether by action or ~~ maction, and such breach shall continue and not be remedied within two (2) business days after any other Party shall have given notice specifying the breach. With respect to defaults other than the payment of money, the County shall be in default hereunder if it shall breach ~ any of the provisions of this Agreement whether by action or inaction, and such breach shall continue and not be remedied within sixty (60) days after any other Party shall have given notice specifying the braach; provided that if the other Party determines that such breach cannot vsnth due diligence be cured within a period of sixty (60) days, it shall allow the County to cune such breach within such additional period of time as the other party shall ,.1 specify in writing, arid in any such event snch breach shall not constitute a default hereunder so long as the County diligendy proceeds to effect sach cure and such cure is accomplished ~-~ within such specified period of time granted by the other Party. ' (ii) Default by ltansit Distrlc~t. The Transit District shall be in default hereunder if it shall breach any of the provisions of this Agreement relating to the payment of money, whether by action or inaction, and such breach shall continue and not be remedied within two (2) business days after any other Party shall have given notice specifying the breach. With respect to defaults other than the payment of money, the Transit District shall be in default hereunder if it shall breach any of the provisions of tlus Agreement whether by action or inactiop, and such breach shall continue and not be remedied within sixty (60) days after any other party shall have given nodce specifying the breach; provided that if the other Party deternunes that such breach cannbt with due diligence be cured within a period of sixty (60) days, it shall allow the Transit District to cure such breach within such additional period of time as the other Party shall specify in writing, and in any such event such breach shall not constitute a default hereunder so long as the Transit District diligently proceeds to effect such cure and such cure is accomplished within such specified period of time granted by the other Party. 6.2 Remedies After Satisfaction of Conditions Preceden~ If, after the Conditions Precedent have been satisfied, either the County or the Transit District shall default under the terms of this Agreement, the other Party may, as it's exclusive remedy, recover from the defaulting Party money damages resulting from the default. Neither Pazty may tetminate this Agreement after the Conditions Precedent have been satisfied, even in the case of default, except for illegality or impossibility. ~ Courthouse Square ~ , Development Agreement Page - 14 ~