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2 '� <br /> terminate this Agreement in whole notwithstanding any other termination provisions of <br /> this Agreement. Termination under this Section shall be effective upon receipt of written <br /> notice by the Contractor or its representative. <br /> The City agrees to promptly notify the Contractor of any proposed reduction in funding by <br /> Federal or other officials. The Contractor agrees that upon receipt of such notice it shall <br /> take appropriate and reasonable action to reduce its spending in the affected funding <br /> area so that expenditures do not exceed the funding level which would result if said <br /> proposed reduction became effective. <br /> c. Contractor Termination: The Contractor may terminate this Agreement at any time by <br /> giving written notice to the City of such termination and specifying the effective date <br /> thereof at least 30 days before the effective date of such termination. Partial terminations <br /> of the Scope of Service in Paragraph I.A above may only be undertaken with the prior <br /> approval of the City. In the event of any termination for convenience, all finished or <br /> unfinished documents, data, studies, surveys, maps, models, photographs, reports or <br /> other materials prepared by the Contractor under this Agreement shall, at the option of <br /> the City, become the property of the City, and the Contractor shall be entitled to receive <br /> just and equitable compensation for any satisfactory work completed on such documents <br /> or materials prior to the termination. <br /> d. Suspension: The City may also suspend or terminate this Agreement, in whole or in part, <br /> if the Contractor materially fails to comply with any term of this Agreement, or with any of <br /> the rules, regulations or provisions referred to herein; and the City may declare the <br /> Contractor ineligible for any further participation in the City's contracts, in addition to other <br /> remedies as provided by law. In the event there is probable cause to believe the <br /> Contractor is in noncompliance with any applicable rules or regulations, the City may <br /> withhold up to fifteen (15)'percent of said Agreement funds until such time as the <br /> Contractor is found to be in compliance by the City, or is otherwise adjudicated to be in <br /> compliance. <br /> II. Administrative Requirements <br /> A. Financial Management <br /> 1. Accounting Standards: The Contractor agrees to comply with 24 CFR Part 85 or 24 CFR <br /> Part 84 as described at 570.502, and agrees to adhere to the accounting principles and <br /> procedures required therein, utilize adequate internal controls, and maintain necessary <br /> source documentation for all costs incurred. <br /> 12 B-3 <br />