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For purposes of this Section 8.3(a), if there is a casualty <br /> that destroys or significantly damages the Development, and <br /> insurance proceeds are insufficient to replace or restore the <br /> Development, (i) the General Partner shall not be obligated to <br /> loan funds to the Partnership and (ii) a reasonable business <br /> decision by the General Partner, after taking reasonable steps to <br /> obtain third -party financing to cover the costs of reconstruction <br /> that are not covered by insurance proceeds, not to restore or <br /> replace the Development shall not be grounds for removal of the <br /> General Partner. <br /> (b) In the event the Limited Partners vote to remove the <br /> General Partner pursuant to this Section 8, the Limited Partners <br /> shall notify the General Partner in writing, within five (5) days <br /> after such vote, of the default that is the cause for the removal <br /> of the General Partner. The General Partner shall have thirty <br /> (30) days from receipt of the notice to cure the default; <br /> provided, however, that if a default, other than a monetary <br /> default, cannot be reasonably cured within thirty (30) days, it <br /> shall be sufficient if the General Partner commences the cure <br /> within thirty (30) days and proceeds to cure diligently <br /> thereafter, provided that the cure is completed within one <br /> hundred twenty (120) days, or such lesser period as is required <br /> to avoid triggering recapture of any Low Income Housing Credits, <br /> after receipt of the notice to cure. If the General Partner <br /> fails to cure within the specified time period, the Limited <br /> Partners shall notify the General Partner of the effective date <br /> of its removal promptly after the cure period has expired. <br /> -46- <br />