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7. SE.CURTTY DEPOSIT. This section intentionally left blank and has been removed in its entirety. S. TERMINATION BY I .TC'R,NSORO (a) The Licensor reserves the right to terminate this Agreement if Premises are needed for the use of Licensor upon one hundred eighty ( 180) days ' prior written notice by Licensor to Licensee . Licensor may not terminate License for purpose of substituting a new or different licensee . (b) If Licensee defaults under any of the conditions set forth herein, Licensor shall have the right to terminate this Agreement upon thirty (30) days ' written notice to Licensee. The occurrence of any one or more of the following events inter alia shall constitute an " Event of Default " hereunder by Licensee : i . The failure by Licensee to make any payment of license fees or any other payment required to be made by Licensee hereunder, as and when due, where such failure shall continue for a period of 30 days after receipt of written notice thereof by Licensee . ii The failure by Licensee to observe or perform any of the covenants or provisions of this Agreement to be observed or performed by Licensee, where such failure shall continue for a period of 30 days after receipt of written notice by Licensee; provided, however, that it shall not be deemed an Event of Default by Licensee if Licensee shall commence to cure such failure within said 30 days and thereafter diligently cures the default within 60 days , unless written extension is granted by Licensor. iii The Licensee uses the Premises or the Property for any unauthorized or illegal purpose . iv The Licensee uses the Property for other than the use permitted by this Agreement. v The Licensee ' s or Licensee ' s employee ' s or agent ' s act or omission damages the Property or harms the environment and Licensee, after written notice from Licensor, has not repaired any damage or cured any failure within thirty (30) days after receipt of written notice by Licensee; provided, however, that it shall not be deemed an Event of Default by Licensee if Licensee shall commence to cure such failure within said 30 days and thereafter diligently cures the default within 60 days . Further written extensions may be granted by Licensor in its sole discretion. If there occurs an Event of Default by Licensee, in addition to any other remedies available to Licensor at law or in equity, if Licensee has not cured any failure within thirty (30) days after receipt of written notice by Licensee, provided, however, that it shall not be deemed an Event of Default by Licensee if Licensee shall commence to cure such failure within said thirty (30) days and thereafter diligently cures the default within sixty (60) days, Licensor shall have the option to terminate immediately this Agreement and all rights of Licensee hereunder unless written extension is granted by Licensor. (c) Licensor shall have the right to terminate this Agreement upon sixty (60) days ' written notice if: Page 4 of 14 F:\Utilities\UTILITY - ENGINEERING\WTP - South RO\Cellular Antennas and Wireless Info\Cingular 007 - Kings Hwy Water Tank License to Occupy Mar 08, 2004.DOC