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<br />e <br /> <br />e <br /> <br />G. The Bank covenants and agrees that in the event of the terms, <br /> <br /> <br />covenants, or conditions of the Bid Document, this Contract <br /> <br /> <br />Document, or the Safekeeping Agreement, are in any way breached <br /> <br /> <br />or violated or for any reason the Bank has failed to perform <br /> <br /> <br />under the terms and conditions of said Documents and Agreements, <br /> <br /> <br />the City of La Porte reserves the right to terminate this Contract <br /> <br /> <br />or any Agreement entered into subsequent to or by reason of the <br /> <br />bid previously submitted by the Bank, and shall have the option <br /> <br /> <br />of withdrawing time deposits from the Bank, including principal <br /> <br /> <br />and accured interest, or in the alternative, to allow said funds <br /> <br /> <br />to remain on deposit until maturity. Failure by the City of La <br /> <br /> <br />Porte at any time or instance to exercise any of its rights under <br /> <br /> <br />the terms, covenants, or conditions of the bid documents, this <br /> <br /> <br />Contract document, or the Safekeeping Agreement shall not consi- <br /> <br /> <br />tutue or be construed to constitute a waiver of any of the City <br /> <br /> <br />of La Porte's rights as stated herein. <br /> <br />-16A- <br />