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5 <br /> 10. Compliance with Laws. <br /> In the performance of its obligations under this Agreement, each party shall <br /> comply with all applicable federal, state, and local laws,rules and regulations. <br /> 11. Default and Remedies. <br /> 11.1 Default. If either the County or the City fails to perform any act or <br /> obligation required to be perfonned by it hereunder, the other party shall deliver written <br /> notice of such failure to the non-performing party. The non-performing party shall have <br /> twenty(20) days after its receipt of such notice in which to correct its failure to perform <br /> the act or obligation at issue, after which time it shall be in default("Default") under this <br /> Agreement; provided, however, that if the non-performance is of a type that could not <br /> reasonably be cured within said twenty(20) day period, then the non-performing party <br /> shall not be in Default if it commences cure within said twenty(20) day period and <br /> thereafter diligently pursues cure to completion. <br /> 11.2 Remedies. In the event of a party's Default under this Agreement, then <br /> after giving notice and an opportunity to cure pursuant to Section 11.1 above, the non- <br /> Defaulting party shall have the right to exercise any or all rights and remedies available <br /> to it in law or equity. <br /> 12. Early Termination. <br /> 12.1 30 Days' Notice. Except as provided in Sections 12.2 and 12.3 below, <br /> either party may terminate this Agreement at any time, with or without cause, upon not <br /> • less than thirty(30) days advance written notice to the other party. The termination notice <br /> • shall specify the date on which the Agreement shall terminate. <br /> 12.2 Lack of Funding. This Agreement is contingent upon governmental <br /> funding and local legislative appropriations. In the event that funding from any source is <br /> withdrawn, reduced, limited, or not appropriated after the effective date of this <br /> Agreement, this Agreement may be terminated by either party immediately by delivering <br /> written notice to the other party. The termination notice shall specify the date on which <br /> the Agreement shall terminate. <br /> 12.3 Termination for Breach. In the event that the City fails to complete the <br /> Project by August 31, 2014, commits a Default as described in Section 11, or otherwise <br /> fails to appropriate the funds necessary to complete the Project, the County may <br /> terminate this Agreement immediately by delivering written notice to the City. Within <br /> thirty(30) days of such early termination,the City shall return to the County all Matching <br /> Funds previously disbursed from the County to the City for the Project plus interest at the <br /> rate of twelve percent (12%) per annum beginning thirty (30) days from the date of early <br /> termination. <br /> 13. Dispute Resolution. <br /> INTERLOCAL AGREEMENT BETWEEN SNOHOMISH COUNTY AND THE CITY OF EVERETT <br /> FOR PARK PROJECT FUNDING 6 of 9 <br /> 45 <br />