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regulations and Federal Program Requirements shall be 20 years from the date of <br /> execution of this Agreement. <br /> 4. Miscellaneous Provisions. <br /> a. Termination of Agreement. The obligations of the parties hereunder and <br /> the specific obligation of IFC to develop the Property and provide transitional housing for <br /> low income residents shall terminate on December 1, 2017. Notwithstanding the <br /> foregoing, the parties hereto may terminate this Agreement at any time by a mutual <br /> agreement to that effect in writing. <br /> b. Default, Remedies. This Agreement may be terminated by a non- <br /> defaulting party upon an event of default hereunder, after written notice thereof and <br /> thirty (30) days grace period in which the defaulting party may act to cure. As used <br /> herein, the term "an event of default" shall mean and refer to a failure or act of omission <br /> by either party with respect to any undertaking, obligation, covenant or condition as set <br /> forth in this Agreement. With respect to any event of default, the non-defaulting party <br /> may exercise any right available to it at law or in equity with respect to such default. <br /> C. Books and Records. Each party shall keep and maintain books, records <br /> and other documents relating directly to the receipt and disbursement of grant funds <br /> and the fulfillment of this Agreement. Each party agrees that any authorized <br /> representative of the County, the State, the U.S. Department of Housing and Urban <br /> Development and Comptroller General of the United States shall, at all reasonable <br /> times, have access to and the right to inspect, copy, audit and examine all of the books, <br /> records and other documents relating to the grant and the fulfillment of this Agreement <br /> for a period of three (3) years following the completion of the Project. <br /> d. Conflict with HOME Agreement. Notwithstanding anything herein to the <br /> contrary, the parties hereto acknowledge the due execution of a HOME Program <br /> Agreement between the County and the U.S. Department of Housing and Urban <br /> Development and agree that any conflict between the provisions, requirements, duties <br /> or obligations of this Agreement and the HOME Agreement shall be resolved in favor of <br /> the HOME Agreement. <br /> e. Notices. Any Notice shall be in writing and shall be given by depositing <br /> the same in the United States mail, post-paid and registered or certified, and addressed <br /> to the party to be notified, with return-receipt requested, or by delivering the same in <br /> person to an officer or principal of such party. Notice deposited in the mail in the <br /> manner here in above described shall be effective upon mailing. For purposes of <br /> Notice, the addresses of the parties shall,: unless changed as hereinafter provided, be <br /> as follows: <br />