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4 8 ;' s4� -3. The Government shall have the right to terminate for cause all or any part of its obligation hereunder if: a. Any representation made by the Grantee / Borrower to the Government in connection with the application for Government assistance shall be incorrect or incomplete in any mate)hial respect. b. The Grantee/ Borrower fails to comply with the essential .condition of this Agreement, that it shall diligently pursue the development of this Project to ensure completion within the length of time proposed in the 'Offer. Failure to meet the schedule in the Offer-may cause the Government to terQ::. . urinate the. Offer of Grant. It -is expressly understood anti - agreed that the Grantee /Borrower shall notify the Regional Director in the event delays occur which substantially affect the accomplishment of the Project. c. The in-tent and purpose of the Project is clanged sub- stantially so as to significantly affect the accomplishment of the.Project as intended. -•-�. d: The Grantee /Borrower has violated commitments made by it in its application and supporting documents or has violated any of the terms or conditions of this Agreement. . e. Any official, employee, architect, attorney,_engineeY or inspector of or for the Grantee /Borrower Or any Federal, State or local.official or representative, becomes directly. or indirectly interested .financially in the acquisition-of any materials or equipment; or in any oonstruct%otr for the Project, or in the furnishings of any service to or in connection with the Project, or in any benefit ar-ising therefrom. f.° The Grantee /Borrower fails to report immediately to the, Government any change of authorized representative(s) - acting in lieu of or in behalf of the Grantee /Borrower. 4. The obligations hereunder may be terminated for convenience if: a. Both the Grantee /Borrower and the Government agree that continuat i on o f th e Project would not produce beneficial results commensurate with the further expenditure of funds. b. Both the Grantee/Borrower and the Government shall agree upon the termination conditions, including the effective date and, in the case of partial terminations, the portion to be terminated. c. The Grantee /Borrower agrees to incur no nevi obligations for the terminated, portion after the effective date and to cancel or satisfy all outstanding obligations as of that date.