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or the appointment of any receiver,trustee, or liquidator for the Operator, or of <br /> a substantial part of the property of the Borrower, and such petition is not <br /> dismissed, or such writ or warrant of attachment or similar process is released <br /> or bonded within ninety (90)days after filing or levy. <br /> d. Assignment for the Benefit of Creditors. The making of an assignment for the <br /> benefit of creditors; <br /> e. Appointment of a receiver or trustee for all or substantially all of the assets of <br /> Operator. <br /> 10.0.2 The occurrence of any of the following shall constitute a"Termination Default" by <br /> the Operator: <br /> a. The failure of Operator to perform any of its obligations under this Agreement; <br /> b. An act or omission of the Operator that causes or contributes to any lapse, <br /> cancelation, denial of coverage, or any other prejudice to the applicability of <br /> any insurance required under this Agreement; <br /> c. The operation and maintenance of or failure to operate and maintain the Airport <br /> in a manner that creates or results in a serious and immediate threat to the health <br /> welfare of the public; <br /> d. An act or omission by the Operator its officers, employees, or agents which <br /> results in a conviction of a felony under applicable law or which was committed <br /> in the performance of or relates to the obligation of responsibilities of the <br /> Operator under this Agreement. <br /> 10.0.3 Remedies <br /> a. In the event of a Termination Default under 10.1 and 10.2 (c) or(d)the City shall <br /> have the right, upon written notice to the Operator outlining the specific <br /> circumstances of the event of Termination Default to immediately enter upon <br /> the Airport Property and suspend or terminate this Agreement and assume <br /> responsibility for the maintenance and operation of the Airport; <br /> b. In the event of a Termination Default by Operator under 10.2(a) or(b), the City <br /> shall give written notice of such default to the Operator specifying the reasons <br /> therefore. In such event, the Operator shall have thirty (30) days from the date <br /> of such notice to cure the default. If the Operator fails to cure such default to the <br /> satisfaction of the City, the City may terminate this Agreement upon written <br /> notice of termination. <br /> c. The remedies specified in this Article 10.2 shall be in addition to and not in <br /> limitation or in lieu of all other remedies available to the City in Article 8, <br /> available at law or in equity. <br /> Page 29 of 34 <br />