Modification/Termination Based on VSP Requirements. 1. If the Issuing Authority enters into any cable franchise, cable license or similar agreement with a VSP to provide Video Programming services to residential subscribers in the Town with terms or conditions materially less burdensome than those imposed by this License, Licensee and the Issuing Authority shall, within sixty (60) days of the Issuing Authority’s receipt of Licensee’s written notice thereof, commence negotiations to modify this License to provide that this License is not on terms or conditions materially more burdensome than the terms in any such cable franchise, cable license or similar agreement. Any modification of the License pursuant to the terms of this Section shall not trigger the requirements of 207 CMR 3.07. The PEG Access Support, as provided in Section 13.3, will be subject to modification under Section 13.3(b) for competitive equity purposes but shall not be subject to modification under this Section 15.5. 2. Licensee’s notice pursuant to Section 15.5.1 shall specify the cable franchise, cable license or similar agreement and the materially less burdensome terms or conditions as set out Section
Appears in 2 contracts
Sources: Cable Television Renewal License Agreement, Cable Television Renewal License Agreement