Seattle SMSA Limted Partnership dba Verizon 3/26/2020

29.1.3. Insolvency. Immediately,upon written notice,if a receiver is appointed to take possession of Company's assets, Company makes a general assignment for the benefit of creditors, or Company becomes insolvent or takes or suffers action under the Bankruptcy Act. 29.1.4. Lapsed Governmental Approvals. Company fails to obtain or maintain any Governmental Approvals required to install and operate Site Equipment. 29.1.5. Failure to Maintain Insurance. Company fails to maintain appropriate insurance as required pursuant to Exhibit E. 29.1.6. Prohibited Assignment. Company assigns this Agreement in violation of Section 16. 29.1.7. Interference. Company operates or maintains its Site Equipment in a manner that interferes with or impairs other communication or computer equipment used by the City, PSERN (or is successor entity) or other entity given prior rights to use the City Poles. 29.1.8. Improper Construction. Company constructs Site Equipment on City Poles without approval of a Site License Addendum. 29.1.9. Other Defaults. Company violates any material agreement,term or covenant of this Agreement. 29.1.10. Waiver or acceptance by the City of any default of the terms of this Agreement by Company shall not operate as a release of Company's responsibility for any prior or subsequent default. 29.2. City Remedies Subject to the cure period described in Section 31 below, the City shall have the following remedies upon an Event of Default. The City's rights and remedies under this Agreement shall be cumulative, and none shall exclude any other right or remedy allowed by law. 29.2.1. Continuation of Agreement. Without prejudice to its right to other remedies, the City may continue this Agreement and applicable Site License Addendums in effect, with the right to enforce all of its rights and remedies, including the right to payment of Rent and other charges as they become due. 29.2.2. Termination of Agreement. If Company's default is of such a serious nature in the City's sole judgment that the default materially affects the purposes of this Agreement, the City may terminate this Agreement. Termination of this Agreement will affect the termination of all Site License Addendums issued under it automatically and without the need for any further action by the City. The City will provide sixty (60) days written notice of termination and shall specify the reasons for such termination. The City will specify the amount of time Company will have to remove its Site Equipment from any affected City Poles, which will be at least sixty (60) days after the date of the City's notice. 23