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15.3 The bankruptcy or insolvency of Contractor, a transfer in fraud of creditors, an <br />assignment for the benefit of creditors or an execution issued against any property <br />of Contractor used in connection with or which is the subject of this contract, or the <br />appointment of a receiver or trustee for all or substantially all of Contractor's assets; <br />or <br />15.4 Contractor's failure to maintain any license, permit, certification, bond or other <br />authorization required by Federal, State or local law or regulations for performance <br />of the Services or any portion thereof. <br />16. Termination. Notwithstanding any other provision to the contrary, this contract maybe <br />terminated as follows: <br />16.1 By mutual written agreement of the parties at any time; <br />16.2 Upon written notice from City to Contractor of the occurrence of an event of default; <br />or <br />16.3 By written notice from City to Contractor at any time or for any reason, upon not less <br />than 60 days' notice in advance of the termination date. <br />Notice under paragraph 16.2 may be given at the same time as the notice under paragraph <br />15.1, with termination contingent upon Contractor's failure to perform within the time <br />specified in paragraph 15.1. Except as provided in paragraph 17 below, in the event of a <br />termination, City shall pay Contractor for the Services performed to.the date of termination. <br />Any claim. for relief City may have as a result of a default by Contractor,shall survive <br />termination of this contract. <br />17. Records/Inspection. Contractor shall maintain records of its charges to City under the <br />Contract for a period of not less than three years following Contractor's completion of the <br />Contract. Upon reasonable advance notice, City or its authorized representatives may <br />form time to time inspect, audit and make copies of any Contractor's records that relate to <br />the Contract. If any audit by City discloses that payments to the Contractor were in <br />excess of the amount to which Contractor was entitled and the Contract, Contractor shall <br />promptly pay to City the amount of such excess. If the excess charged by Contractor for <br />any audited period is grater than two percent of the amount that should have been charged <br />for that period, Contractor shall also reimburse City its reasonable costs incurred in <br />performing the audit.' Upon reasonable advance notice, City may inspect equipment and <br />facilities for issues related to safety. <br />18. Standard Contract Provisions. Contractor shall comply with City's Standard Contract <br />Provisions, a copy of which is attached hereto as Exhibit A. <br />19. Severability. In the event that any covenant,- condition or provision of this contract is <br />found to be invalid by any court of competent jurisdiction, the invalidity of any such <br />covenant, condition or provision shall in no way affect any other covenant, condition or <br />provision of this contract. <br />Non-Facility Trade service Contract-Page 5 <br />(Revised December'1997) <br />