What section of the Beehive Homes franchise agreement outlines the notice requirements for Events of Default?

[Item 23: RECEIPTS]

XIV. DEFAULT AND REMEDIES

• 14.1. Events of Default. The following, subject to the notice requirements of Section 14.2 below, shall constitute "Events of Default":
  • (a) Any monies payable by Franchisee to Franchisor shall not be paid as and when due and payable;
  • (b) There shall be any failure or omission in the full and faithful performance and observance of any of the terms, conditions and limitations of this Agreement on Franchisee's part to be performed or observed (other than the payment of monies);
  • (c) The occupancy of Franchisee's Home shall be less than 50% for thirty (30) or more consecutive days after once having attained an occupancy of greater than 50%;
  • (d) There shall be filed by or against Franchisee, in any court pursuant to any statute, either of the United States or any state, a petition for any relief under the Federal Bankruptcy Act or for reorganization or for the appointment of a receiver or trustee for the

property of Franchisee, which is not vacated within a period of twenty (20) days, or Franchisee shall be adjudicated bankrupt or insolvent within the meaning of insolvency in either Bankruptcy Act proceedings or equity proceedings, or shall make a general assignment for the benefit of creditors, or, admit in writing its inability to pay its debts as they mature, or, as debtor, take the benefit of the provisions of any debtor relief act, whether now or hereafter enacted;

• (e) Franchisee by its action or inaction, effects an incident which mayreasonably be expected to materially impair the goodwill associated with the Names and Marks;

• (f) Franchisee commits any act which constitutes good cause for termination as determined under the law of the state in which the Home is located;

• (g) Franchisee shall engage in any Unauthorized Transfer as provided in Section 13.5 of this Agreement; or

• (h) The occurrence of an Event of Default under any other Franchise Agreement or other agreement between the Franchisee or any Affiliate of the Franchisee, on the one hand, and Franchisor or any of its Affiliates, on the other hand.

• 14.2.

Notice of Default.

• 14.2.

Notice of Default.

Upon the occurrence of an Event of Default as defined in Section 14.1 above, Franchisor shall give Franchisee written Notice of Default which must be cured by Franchisee as of the date of the Notice if the Event of Default is one which is incapable of cure by Franchisee or within thirty (30) days after the date of the Notice, unless a longer period is required under the laws of the state in which the Home is located.

In addition, for an Event of Default under Section 14.1(a), Franchisor may also give written notice to any lender of Franchisee.

• 14.3.

Termination.

Upon the occurrence of any Event of Default and compliance with the notice requirements of Section 14.2 and upon Franchisee's failure to timely cure, Franchisor may terminate this Agreement by delivering to Franchisee a written Notice of Termination.

This Agreement shall not be terminated until the delivery of the Notice of Termination to Franchisee.

Source: Item 23 — RECEIPTS (FDD pages 34–123)