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(a) the total number of persons hired and employed in the preceding calendar <br />year and cumulatively since the Effective Date; <br />(b) a statement that it is in full compliance with its obligations under this <br />Agreement or, if not in full compliance, a statement disclosing the nature of any non- <br />compliance and any reasons therefor. <br />After receiving a timely submitted certified statement, the City shall have 60 calendar days to <br />notify Corvac in writing of any questions that the City may have concerning any of the <br />information provided by Corvac, and Corvac shall diligently work in good faith to respond to <br />such questions to the City's reasonable satisfaction. <br />Section 7.03. Review of Corvac Records. Corvac agrees that the City will have the <br />right to review the business records of Corvac that relate to Corvac's compliance with the terms <br />of this Agreement at any reasonable time and upon at least seven days' prior notice to Corvac in <br />order to determine compliance with this Agreement. To the extent reasonably possible, Corvac <br />shall make all such records available in electronic form or otherwise available to be accessed <br />through the internet. <br />ARTICLE VIII <br />DEFAULT, TERMINATION AND REMEDIES <br />Section 8.01. Notice of Default. At any time during the Term of this Agreement that <br />Corvac is not in compliance with its obligations under this Agreement, the City may send notice <br />of such non - compliance to Corvac. If such non - compliance is not cured within 60 days after <br />Corvac's receipt of such notice or, if non - compliance is not reasonably susceptible to cure within <br />60 days and a cure is not begun within such 60 -day period and thereafter continuously and <br />diligently pursued to completion (in either event, a "Cure "), then the City may, at its option, <br />terminate this Agreement or withhold Grant Payments otherwise due for the year or years in <br />