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termination of this Agreement for any reason shall be deemed <br />abandoned by Contractor, title to such property shall vest in City, and <br />.City may make any disposition of such personal property as it deems <br />appropriate. City may charge Contractor for the reasonable costs <br />incurred in disposing of such personal property. <br />13. Default.. The following shall constitute an "Event of Default" under this <br />Agreement: <br />130 Non - Payment. An Event of Default shall occur if Contractor fails <br />to pay any payment to City when due, and such failure continues <br />for ten (10) days after written notice is given to Contractor, <br />provided City shall not be required.to give written notice more than <br />once during any twelve -month period. -After notice has been given <br />once, Contractor shall be deemed in default, without the <br />opportunity to cure, for any subsequent failure to pay fees during <br />the ensuing contract period if such failure continues for ten (10) <br />days after the same becomes due. <br />13.2 Breach of Other Obligations. Except as otherwise provided in <br />this Agreement, an Event of*Default shall occur upon the failure of <br />Contractor to cure a violation of any term, provision or condition of <br />this Agreement within thirty (30) days after written notice is given <br />to Contractor by City specifying the nature of the default with <br />reasonable particularity. If the default is of such a nature that it <br />cannot be completely remedied within thirty (30) days, this <br />provision shall be deemed complied with if Contractor begins <br />correction of the default within the thirty (30) day period and <br />thereafter proceeds with reasonable diligence and in good faith to <br />effect the remedy as soon as practicable. City may require, as a <br />part of the cure of any violation by Contractor, reimbursement by <br />Contractor to City of any and all costs and expenses incurred by <br />City by reason of Contractor's violation of this Agreement. <br />13.3 Second failure to cure. If Contractor cures a deficiency in the <br />manner described in subsection 12, Contractor's subsequent <br />failure to comply with the same term or condition shall constitute a <br />default without requirement of opportunity to cure. <br />13.4 Insolvency.' Contractor shall also be in default in the event of <br />Contractor's insolvency; an assignment by Contractor for the <br />benefit of creditors; the filing by Contractor of a voluntary petition <br />in bankruptcy; adjudication that Contractor is a bankrupt; the filing <br />of an involuntary petition in bankruptcy and the failure of <br />Contractor to seek a dismissal of the petition within thirty (30) days <br />after the filing; and the attachment of or the levy of execution on <br />the leasehold interest and failure of the Contractor to secure a <br />discharge of the attachment or release of the levy of execution <br />within. ten (10) days after such attachment or execution. <br />