Common use of Alternative Compensation Clause in Contracts

Alternative Compensation. ‌ In the event the obligation of Grantee to compensate the Town through Franchise Fee payments is lawfully suspended or eliminated, in whole or part, then Grantee shall pay to the Town compensation equivalent to the compensation paid to the Town by other similarly situated users of the Town 's Right-of-Way for Grantee's use of the Town's Right-of-Way, provided that in no event shall such payments exceed the equivalent of five percent (5%) of Grantee's Gross Revenues.

Alternative Compensation. ‌ In the event the obligation of Grantee to compensate the Town through Franchise Fee payments is lawfully suspended or eliminated, in whole or part, then Grantee shall pay to the Town compensation equivalent to the compensation paid to the Town by other similarly situated users of the Town 's Right-of-Way for Grantee's use of the Town's Right-of-Way, provided that in no event shall such payments exceed the equivalent of five percent (5%) of Grantee's Gross Revenues.

Alternative Compensation. ‌ In the event the obligation of Grantee to compensate the Town through Franchise Fee franchise fee payments is lawfully suspended or eliminated, in whole or part, then Grantee shall pay to the Town compensation equivalent to the compensation paid to the Town by other similarly situated users of the Town 's RightTown’s Rights-of-Way for Grantee's ’s use of the Town's Right’s Rights-of-Way, provided that in no event shall such payments exceed the equivalent of five percent (5%) of Grantee's ’s Gross RevenuesRevenues (subject to the other provisions contained in this Franchise).