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15.62 Claims filed or reasonable evidence indicating the probable filing of claims by other parties against the CONTRACTOR. 15.63 Failure of the CONTRACTOR to make payment to Subcontractors or Suppliers for materials or labor. 15.6.4 Damage to another contractor not remedied. 15.6.5 liability for liquidated damages has been incurred by the CONTRACTOR. 15.6.6 Reasonable evidence that the work cannot be completed for the unpaid balance of the contract sum 15.6.7 Reasonable evidence that the work will not be completed within the Contract time. 15.6.8 Failure to carry out the work in accordance with the Contract Documents. When the above grounds are removed or resolved or the CONTRACTOR provides a surety bond or consent of surety satisfactory to the CITY which will protect the CITY in the amount withheld, payment may be made in whole or in part. ARTICLE 16 - TERMINATION OF THE CONTRACT 16.1 CITY'S Right to Terminate. Upon the occurrence of any one or more of the following events: 16.1.1 If CONTRACTOR commences a voluntary case under any chapter of the Bankruptcy Code as now or hereafter in effect, or if CONTRACTOR takes any equivalent or similar action by filing a petition or otherwise under any other federal or state law in effect at such time relating to the bankruptcy or insolvency. 16.1.2 If a petition is filed against CONTRACTOR under any chapter of the Bankruptcy Code as now or hereafter in effect at the time of filing, or if a petition is filed seeking any such equivalent or similar relief against CONTRACTOR under any other federal or state law in effect at the time relating to bankruptcy or insolvency. 16.1.3 If CONTRACTOR makes a general assignment for the benefit of creditors. 16.1.4 If a trustee, receiver, custodian or agent of CONTRACTOR is appointed under applicable law or under Contract, whose appointment or authority to take charge of property of CONTRACTOR is for the purpose of enforcing a Lien against such property or for the purpose of general administration of such property for the benefit of CONTRACTOR'S creditors. 16.1.5 If CON'T'RACTOR admits in writing an inability to pay its debts generally as they become due. 31 IB tJ;�;