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(2) Grantee attempts to evade any material •rovision of this Franchise or to practice any fraud <br /> or deceit upon the City or Subscribers; <br /> (3) Grantee becomes insolvent, or if there is an assignment for the benefit of Grantee's <br /> creditors; or <br /> (4) Grantee fails to comply with all provisio is of federal, state or local law pertaining to <br /> Telecommunications System operators. <br /> B. Grantee shall have thirty(30)days from the eceipt of such notice to: <br /> (1) respond to the City, contesting the Pity's assertion that a default has occurred, and <br /> requesting a meeting in accordance with subsection(C), below; or <br /> (2) cure the default; or <br /> (3) notify the City that Grantee cannot cur: the default within the thirty (30) days, because of <br /> the nature of the default. In the event lie default cannot be cured within thirty (30) days, <br /> Grantee shall promptly take all reasona le steps to cure the default and notify the City in <br /> writing and in detail as to the exact ste s that will be taken and the projected completion <br /> date. In such case, the City may set a eeting below to determine whether additional time <br /> beyond the thirty (30) days specified above is indeed needed, and whether Grantee's <br /> proposed completion schedule and steps e reasonable. <br /> C. If Grantee does not cure the alleged defa It within the cure period stated above, or by the <br /> projected completion date, or denies the defauli and requests a meeting in accordance, or the City <br /> orders a meeting in accordance with subsection (B), the City shall set a meeting to investigate said <br /> issues or the existence of the alleged default. The City shall notify Grantee of the meeting in <br /> writing and such meeting shall take place no 1 .ss than thirty (30) days after Grantee's receipt of <br /> notice of the meeting. <br /> D. If, after the meeting, the City determines t iat default exists, the City shall order Grantee to <br /> correct or remedy the default or breach within fifteen (15) days or within such other reasonable <br /> time as the City shall determine. In the eve at Grantee does not cure within such time frame to <br /> the City's reasonable satisfaction,the City m iy: <br /> (1) Withdraw an amount from the Assuranc• as monetary damages; <br /> (2) Revoke and terminate this Franchise; an• <br /> (3) Take any other legal or equitable reme•, available under this Franchise or any applicable <br /> law. <br /> These remedies are cumulative and not exclusiv:. <br /> 25 3f 31 <br />