Section 11.2 LGU-LESSEE's Default

- The occurrence of any of the following events shall constitute the LGU-LESSEE's Default:

a. LGU-LESSEE terminates, or cancels this Agreement without valid or justifiable cause;

b. Any representation or warranty made by the LGU-LESSEE and relied upon by the PROPONENT-LESSOR to its detriment turning out to be false in any material respect; and

c. Failure or refusal to perform any material covenant, agreement or obligation under this Agreement within ____ days after receipt by the LGU-LESSEE of a notice of default specifying the same, provided, however, that such period shall be extended if the failure or refusal is remediable but cannot reasonably be completed within _____ days and the LGU-LESSEE begins to diligently remedy such failure.