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<br />. <br /> <br />. <br /> <br />: <br /> <br />in performing and paying for any or all of the obligations, <br />duties and responsibilities of Grantee under this Franchise <br />that are not performed or paid for by Grantee pursuant <br />hereto, including attorneys' fees incurred by City or <br />Commission in so performing and paying. The failure to <br />replace any Letter of Credit may also, at the option of the <br />City or Commission be deemed a default by Grantee under this <br />Franchise. The drawing on the Letter of Credit by City or <br />Commission and use of the money so obtained for payment or <br />performance of the obligations, duties and responsibilities <br />of Grantee which are in default, shall not be a waiver or <br /> <br />release of such default. <br /> <br />- 7 - <br />