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V. For failure to comply with any of the provisions of this Franchise, or other <br />City ordinance for which a penalty is not otherwise specifically provided <br />pursuant to this paragraph c, the penalty shall be $250.00 per day for each <br />day, or part thereof, such failure occurs or continues. <br />d. Each violation of any provision of this Franchise shall be considered a <br />separate violation for which a separate penalty can be imposed. <br />e. Whenever City finds that Grantee has violated one or more teens, <br />conditions or provisions of this Franchise, or for any other violation contemplated in <br />Subparagraph c. above, a written notice shall be given to Grantee informing it of such <br />violation. At any time after thirty (30) days (or such longer reasonable time which, in the <br />sole determination of City, is necessary to cure the alleged violation) following local <br />receipt of notice, provided Grantee remains in violation of one or more terms, conditions <br />or provisions of this Franchise, in the sole opinion of City, City may draw from the Letter <br />of Credit all penalties and other monies due City from the date of the local receipt of notice. <br />f. Whenever the Letter of Credit is drawn upon, Grantee may, within seven <br />(7) days of such draw, notify City in writing that there is a dispute as to whether a violation <br />or failure has in fact occurred. Such written notice by Grantee to City shall specify with <br />particularity the matters disputed by Grantee. All penalties shall continue to accrue and <br />City may continue to draw from the Letter of Credit during any appeal pursuant to this <br />subparagraph. <br />i. City shall hear Grantee's dispute within sixty (60) days and render a final <br />decision within sixty (60) days thereafter. <br />ii. Upon the determination of City that no violation has taken place, City shall <br />refund to Grantee, without interest, all monies drawn from the Letter of <br />Credit by reason of the alleged violation. <br />g. If said Letter of Credit or any subsequent Letter of Credit delivered pursuant <br />thereto expires prior to thirty (30) months after the expiration of the teen of this Franchise, <br />it shall be renewed or replaced during the tern of this Franchise to provide that it will not <br />expire earlier than thirty (30) months after the expiration of this Franchise. The renewed <br />or replaced Letter of Credit shall be of the same form and with a bank authorized herein <br />and for the full amount stated in paragraph 2(a) of this Section. <br />h. If City draws upon the Letter of Credit or any subsequent Letter of Credit <br />delivered pursuant hereto, in whole or in part, Grantee shall replace or replenish to its full <br />amount the same within ten (10) days and shall deliver to City a like replacement Letter of <br />Credit or certification of replenishment for the full amount stated in Section 9.2(a) (Letter <br />of Credit and Liquidated Damages) as a substitution of the previous Letter of Credit. This <br />shall be a continuing obligation for any draws upon the Letter of Credit. <br />25 <br />