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County, that the Closing Fund Awardee has met the conditions specified in Paragraphs 5.0(b), (c), (d), and (e) of this Agreement, as applicable (or has paid any sanctions for failure to meet such requirements). County will act expeditiously in verifying that the Closing Fund Awardee has met the conditions referenced above. 10.0 TERMINATION AND SANCTIONS: (a) This Agreement may be terminated by County only if (i) there is a decision by the Closing Fund Awardee not to proceed with the Project in Indian River County, (ii) the Closing Fund Awardee defaults in the payment of any sanction provided for in this Agreement for more than 30 business days after written notice of such default is given to it (or within 30 business days of a final determination of the amount owed if the sanction is disputed or appealed), (iii) during the Performance Term of this Agreement the Closing Fund Awardee is convicted of a crime material to this Agreement (that is, specifically and directly related to the performance of this Agreement) (and such conviction, if appealed, is upheld) and the board of directors of the Closing Fund Awardee has not taken all reasonable steps within its reasonable control to prevent a recurrence of such crime, (iv) during the Performance Term of this Agreement the Closing Fund Awardee is found to be in violation of a provision of the Florida Administrative Code or the Code of Federal Regulations material to this Agreement (that is, specifically and directly related to the performance of this Agreement) resulting in material sanctions against the Closing Fund Awardee (and such found violation, if appealed, is upheld) and the board of directors of the Closing Fund Awardee has not taken all reasonable steps within its reasonable control to prevent a recurrence of such violation, or (v) an event has occurred which results in the termination of the OTTED Closing Fund Agreement. 13745/01/00234567.DOCv5 ) 13