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this Agreement, provided that no material dispute relating to Grantee's compliance with this Agreement exists at that time. (b) The security fund may be assessed by Grantor for those purposes specified in Sections 9.3 and/or 15.1 of Ordinance No. 1829, in accordance with the procedures of Section 15.2 of said Ordinance, provided that Grantee has received written notice and thirty (30) days after receipt of notice to cure any material violations prior to any assessment. As long as the Grantor follows the procedures specified herein and in Ordinance No. 1829 for assessing and/or withdrawing funds from said security fund, Grantee shall not initiate litigation to prevent or impair Grantor from accessing those funds. Grantee's recourse, in the event Grantee believes any taking of security funds is improper, shall be through legal action after the security has been drawn upon. If the Grantor's action or taking is found to be improper by any court or agency of competent jurisdiction, Grantee shall be entitled to a refund of the funds plus interest and/or any other award which such court or agency shall make. (c) Nothing herein shall be deemed a waiver of the normal permit and bonding requirements made of all contractors working within the City's Rights-of-Way. 2.7 Procedure for Remedying Franchise Violations (a) The procedure for remedying Franchise violations or breaches shall be consistent with the procedures of Ordinance No. 1829. Grantor, by action of the Grantor's City Manager, or a delegate, shall first notify with specificity Grantee of the violation in writing by personal delivery or registered or certified mail, and demand correction within a reasonable time, which shall not be less than fifteen (15) days in the case of the failure of the Grantee to pay any sum or other amount due the Grantor under this Agreement 9