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... .i 10. SITE RELOCATION. In the event that a bus route or stop is altered or deleted such that any bus shelter will no longer serve as an active bus stop location, the GRANTEE shall, within thirty (30) days after notification from the CITY, relocate the bus shelter and appurtenances to a new location designated by the CITY. The vacated location shall be restored to its original condition, including complete replacement of the affected sidewalk sections, within that same time period by GRANTEE at its own cost and expense. In the event the CITY shall construct or cause to be constructed a new facility or roadway improvement impacting a bus shelter or advertising thereon, this Agreement will continue in full force and effect. GRANTEE agrees to cooperate with the CITY in the event the construction affects the shelter by vacating and removing shelters at its own cost and expense where needed for such periods as are required by the construction of the new facilities. Upon completion of the new facility, GRANTEE shall resume its operations therefrom within thirty (30) days. 11. SECURITY FOR PERFORMANCE The GRANTEE shall establish a bond in the sum of $500,000.00 within forty-five (45) days after the effective date of this Agreement to insure faithful performance of GRANTEE' S covenants for construction, maintenance, repair or replacement of the shelters, timely payment of all revenues due the CITY under this Agreement, and restoration of shelter and/or bench sites to the condition existing prior to installation of the shelters and/or benches, whenever a shelter and/or bench is removed or relocated. The bond shall be in a form acceptable to the City Attorney, and issued by a company licensed to do business in the State of California. The bond shall be maintained throughout the term of this Agreement. The GRANTEE shall restore to the bond any amount the CITY withdraws as liquidated damages, within thirty (30) days after the CITY withdraws the money. Failure by the GRANTEE to maintain and/or timely restore the bond shall be deemed to be a material default and grounds for termination by the CITY. The bond shall be released by the CITY at the end of the term of this Agreement provided GRANTEE has fully and faithfully performed each and every term, covenant and condition of this Agreement. GRANTEE acknowledges and agrees that its recourse, in the event it believes any draws by the CITY of funds from the bond are improper, shall be through legal action, after the bond has been drawn upon. 6