Common use of Franchise Term Clause in Contracts

Franchise Term. This Franchise granted herein will take effect and be in full force from such date of acceptance by Grantee recorded on the signature page of this Agreement. The Franchise shall continue in full force and effect for a period of fifteen (15) years from such effective date unless renewed, revoked or terminated sooner as herein provided. In the event any change to local, state or federal law occurring during the term of this Franchise eliminates the requirements for any persons desiring to construct, operate or maintain a cable system, or other system capable of providing video services, in the Town to obtain a franchise from the Town for the construction, operation or maintenance of a cable system, then, at Grantee’s sole option, Grantee shall have the right immediately to terminate this Franchise. If Grantee chooses to terminate this Franchise pursuant to this provision this Franchise shall be deemed to have expired by its terms on the effective date of any such change in law, whether or not such law allows existing franchise agreements to continue until the date of expiration provided in any existing franchise. Furthermore, in the event any change to local, state or federal law occurring during the term of this Franchise materially alters the regime of cable franchising applicable to any persons desiring to construct, operate or maintain a cable system, or other system capable of providing vide services, in the Town in a way that reduces the regulatory or economic burdens for such persons, then, at Grantee’s sole option, Grantee shall have the right immediately to amend this Franchise to take advantage of such regime change to similarly reduce the regulatory or economics burdens on Grantee. It is the intent of this section that, at Grantee’s election, Grantee shall be subject to no more burdensome regulation under this Franchise than any other persons that might construct, operate or maintain a cable system, or other system capable of providing video services, in the Town. From time to time, the Company shall review with the Town, the Grantee’s Cable TV operations, changes in cable technology, and other aspects of the cable television service being provided in the Town in relation to this franchise agreement.

Franchise Term. This Franchise granted herein will take effect and be in full force from such date of acceptance by Grantee recorded on the signature page of this Agreement. The Franchise shall continue in full force and effect for a period of fifteen ten (1510) years from such effective date unless renewed, revoked or terminated sooner as herein provided. In the event any change to local, state or federal law occurring during the term of this Franchise eliminates the requirements for any persons desiring to construct, operate or maintain a cable system, or other system capable of providing video services, in the Town to obtain a franchise from the Town for the construction, operation or maintenance of a cable system, then, at Grantee’s sole option, Grantee shall have the right immediately to terminate this Franchise. If Grantee chooses to terminate this Franchise pursuant to this provision this Franchise shall be deemed to have expired by its terms on the effective date of any such change in law, whether or not such law allows existing franchise agreements to continue until the date of expiration provided in any existing franchise. Furthermore, in the event any change to local, state or federal law occurring during the term of this Franchise materially alters the regime of cable franchising applicable to any persons desiring to construct, operate or maintain a cable system, or other system capable of providing vide services, in the Town in a way that reduces the regulatory or economic burdens for such persons, then, at Grantee’s sole option, Grantee shall have the right immediately to amend this Franchise to take advantage of such regime change to similarly reduce the regulatory or economics burdens on Grantee. It is the intent of this section that, at Grantee’s election, Grantee shall be subject to no more burdensome regulation under this Franchise than any other persons that might construct, operate or maintain a cable system, or other system capable of providing video services, in the Town. From time to time, the Company shall review with the Town, the Grantee’s Cable TV operations, changes in cable technology, and other aspects of the cable television service being provided in the Town in relation to this franchise agreement.

Franchise Term. This Franchise granted herein will take effect and be in full force from such shall commence upon the effective date of acceptance by Grantee recorded ___________ [DATE] and shall expire ten years thereafter on the signature page of this Agreement. The Franchise shall continue in full force and effect for a period of fifteen (15) years from such effective date ___________ [DATE] unless renewed, revoked or terminated sooner as herein provided. The agreement shall automatically extend for five (5) additional years unless one party notifies the other that it does not wish to extend at least six (6) months prior to the expiration date. In the event any change to local, state or federal law occurring during the term of this Franchise eliminates the requirements requirement for any persons desiring to construct, operate or maintain a cable system, or other system capable cable of providing video services, in the Town to obtain a franchise from the Town for the construction, operation or maintenance of a cable system, then, at Grantee’s sole option, Grantee shall have the right immediately to terminate this Franchise. If Grantee chooses to terminate this Franchise pursuant to this provision provision, this Franchise shall be deemed to have expired by its terms on the effective date of any such change in law, whether or not such law allows existing franchise agreements to continue until the date of expiration provided in any existing franchise. Furthermore, in the event any change to local, state or federal law occurring during the term of this Franchise materially alters the regime of cable franchising applicable to any persons desiring to construct, operate or maintain a cable system, or other system capable of providing vide video services, in the Town in a way that reduces the regulatory or economic burdens for such persons, then, at Grantee’s sole option, Grantee shall have the right immediately to amend this Franchise to take advantage of such regime change to similarly reduce the regulatory or economics economic burdens on Grantee. It is the intent of this section that, at Grantee▇▇▇▇▇▇▇’s election, Grantee shall be subject to no more burdensome regulation under this Franchise than any other persons that might construct, operate or maintain a cable system, or other system capable of providing video services, in the Town. From time to time, the Company shall review with the Town, the Grantee’s Cable TV operations, changes in cable technology, and other aspects of the cable television service being provided in the Town in relation to this franchise agreement.