- Upon the occurrence of a PROPONENT's Default, the LGU may by Notice of Default, take on or more of the following actions:
a. Terminate this Agreement and enter into a franchise agreement with another Party for this PROJECT;
b. Take over the PROJECT and request the PROPONENT to assign all its right, title and interests to the PROJECT and under this Agreement to the LGU; or
c. Allow the PROPONENT's lenders/creditors to take over and proceed with the completion of the Project under the same terms and conditions of this Agreement.
Each right or remedy hereunder shall be cumulative and shall be in addition to every other right or remedy provided herein or current and hereafter existing at law or in equity or by statute or otherwise, and the exercise or beginning of the exercise by the LGU of any one or more of any of such rights or remedies shall not preclude the simultaneous or subsequent exercise by the LGU of any or all other such rights or remedies