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DocuSign Envelope ID: 1C143D5F-BE9C4E34-9F91-5A3C3FB05EE8 (e) if there is any change in use of the Facility that significantly reduces or eliminates the public purpose; (f) if any act of the Project Sponsor adversely affects the federal tax exemption of the Facility Bonds; or (g) if the Project Sponsor fails to remedy any covenant, condition or term in this Agreement, except as provided in subsections (a) — (f), within a period of thirty (30) days after receipt of written notice that the Project Sponsor is not in compliance. 9.2 Remedies Upon Default Whenever an Event of Default has occurred, the Commission may: (a) terminate this Agreement upon no less than ten (10) days' prior written notice; or (b) take whatever action at law or in equity may appear necessary or desirable to enforce performance and observance of any obligation, agreement, or covenant of the Project Sponsor. Upon termination of this Agreement after completion of the Cultural Project, for any reason other than at the stated expiration of its term, the Project Sponsor shall repay the Commission the percentage of the Grant Amount described in Section 3.1 of this Agreement equal to the ratio of (x) the number of months from the event triggering the reimbursement to the final scheduled maturity date of the Facility Bonds used to finance the grant to the Project Sponsor over (y) the total number of months that such Facility Bonds are scheduled to be outstanding. Such repayment amount shall be calculated by the OPFC. Notwithstanding the foregoing, if this Agreement is terminated prior to the Completion Date of the Cultural Project, the Project Sponsor shall immediately repay to the Commission the amount of State funds used to pay costs of the Cultural Project. The requirements to make payment to the Commission as provided in this Section 9.2 shall survive the termination of this Agreement. 10. Interpretative Provisions 10.1 Binding Effect All of the covenants, conditions and obligations contained in this Agreement shall be binding upon and inure to the benefit of the respective permitted successors and assigns of the Commission and the Project Sponsor to the same extent as if each such successor and assign were named as a party to this Agreement. This Agreement may not be changed or discharged except by written agreement signed by the Parties C; Page 9 of 15