§ 15. Performance Guarantee.

(a)

Within 60 days after the award of this franchise, Company shall cause to be delivered to City an unconditional and irrevocable guaranty by TCI Central, Inc., Company's parent company, of Company's obligations under this franchise, to a maximum of $10,000.00.

(b)

The guaranty described in paragraph (a) of this section shall be conditioned that if Company fails to comply with all applicable laws, ordinances, and regulations or fails to perform any term or condition of this franchise, the guarantor shall pay to the City (i) the actual damages or loss, including reasonable attorney's fees and court costs, suffered by the City or subscribers to the Cable System as a result of such noncompliance or nonperformance, or, at the option of the City, (ii) liquidated damages as provided in section 16, in either case up to the amount of the guaranty.

(c)

Despite the guaranty, Company will be and remain liable to City for any loss or damage suffered by the City as a result of Company's default under the terms and provisions of this franchise, it being expressly understood that by acceptance of the guaranty the City is not limiting damages recoverable against Company, and that recovery under the guaranty shall not preclude any additional remedy of the City or any subscriber to the Cable System.