Common use of Modifications Process, Initiation Clause in Contracts

Modifications Process, Initiation. The modifications process provided for herein shall only be initiated by written notice provided by Grantee to City The Grantee’s notice must: (1) identify the specific terms or conditions in the competitive franchise which are materially different from Grantee's obligations under this Franchise; (2) identify the Franchise terms and conditions for which the Grantee is seeking amendments; (3) provide text for any proposed Franchise amendments with a written explanation of why the proposed amendments are necessary and consistent; and (4) whether Grantee is willing to consider additional modifications to achieve competitive equity.

Appears in 2 contracts

Sources: Franchise Agreement, Franchise Agreement