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<br />B. Uncured Events of Default. <br />(1) Upon the occurrence of an Event of Default which can be cured by the <br />immediate payment of money to City or a third party, Company shall have thirty <br />(30) calendar days from receipt of written notice from City of an occurrence of <br />such Event of Default to cure same before City may exercise any of its rights or <br />remedies provided for in Section 13.C. <br />(2) Upon the occurrence of an Event of Default by Company which cannot be <br />cured by the immediate payment of money to City or a third party, Company shall <br />have sixty (60) calendar days (or such additional time as may be agreed to by the <br />City) from receipt of written notice from City of an occurrence of such Event of <br />Default to cure same before City may exercise any of its rights or remedies <br />provided for in Section 13.C. <br />(3) If the Event is not cured within the time period allowed for curing the <br />Event of Default as provided for herein, such Event of Default shall, without <br />additional notice, become an Uncured Event of Default, which shall entitle City to <br />exercise the remedies provided for in Section 13.C. <br />C. Remedies. The City shall notify the Company in writing, of an alleged Uncured <br />Event of Default as described in Section 13.B, which notice shall specify the alleged failure with <br />reasonable particularity. The Company shall, within thirty (30) calendar days after receipt of <br />such notice or such longer period of time as the City may specify in such notice, either cure such <br />alleged failure or in a written response to the City either present facts and arguments in refuting <br />or defending such alleged failure or state that such alleged failure will be cured and set forth the <br />method and time schedule for accomplishing such cure. In the event that such cure is not <br />forthcoming, City shall be entitled to exercise any and all of the following cumulative remedies: <br /> <br />(1) The commencement of an action against Company at law for monetary <br />damages. <br />(2) The commencement of an action in equity seeking injunctive relief or the <br />specific performance of any of the provisions that, as a matter of equity, are <br />specifically enforceable. <br />(3) The termination of this Franchise. <br /> <br />13 <br />