Ord84 1906 - Laserfiche WebLink

Browse Search

DCB:rks 6/28/84R DCB:sh 8/06/84R DCB:sh 8/17/84R DES:sh 10/25/84R DES:sh 11/26/84R of an aerial trunkline or within 100 cable meters of an underground trunk line. These outlets shall not be used to sell cable services in or throughout such building; nor shall such outlets be located in public or common areas open to the public. SECTION 5. FRANCHISE FEE. Grantee shall pay to Grantor an annual franchise fee of three percent (3%) of the gross annual revenues, payable in quarterly installments due thirty (30) days after the conclusion of each quarter throughout the term hereof (1st quarter - March 31, 2nd quarter - June 30, 3rd quarter - September 30, and 4th quarter - December 31) ; provided, however, that the Grantee shall pay to Grantor an annual fee of five percent (5% ) of the gross annual revenues in the event that the FCC deregulates its control over the payment of franchise fees or in the event that the FCC approves a petition of Grantor for the payment of five percent (5%) of such revenues, whichever occurs first. Grantee agrees not unreasonably to oppose the approval of such petition and, if there is a reasonable basis therefor, Grantee agrees to provide Grantor with a written document in which Grantee represents to the FCC that the payment of a five percent (5%) franchise fee will not interfere with the effectuation of federal regulatory goals in the field of cable television. The quarterly installments may be estimates and shall be accompanied by a brief report showing the basis for the computation and such other relevant factors as may be required by Grantor. Ninety (90) days after the conclusion of a fiscal year, 6 __'''''W