Common use of Franchise Renewals Clause in Contracts

Franchise Renewals. Each Franchise for which (a) a valid notice of renewal pursuant to the formal renewal procedures established by Section 626 of the Communications Act has not been timely delivered to the appropriate Governmental Authority and (b) with respect to which the appropriate Governmental Authority has not confirmed in writing that the procedure established by Section 626 nonetheless will apply to the renewal or extension of such Franchise, will have been renewed or extended for a period expiring no earlier than three years after the Closing Date.

Franchise Renewals. Each Franchise for which (a) a valid notice of renewal pursuant to the formal renewal procedures established by Section 626 of the Communications Act has not been timely delivered to the 50 57 appropriate Governmental Authority and (b) with respect to which the appropriate Governmental Authority has not confirmed in writing that the procedure established by Section 626 nonetheless will apply to the renewal or extension of such Franchise, will have been renewed or extended for a period expiring no earlier than three years after the Closing Date.