PEG ACCESS AND I-NET CAPITAL FUNDING Clause Samples

PEG ACCESS AND I-NET CAPITAL FUNDING. 7.1 PEG and I-Net Capital Fee. Grantee shall pay to the Jurisdictions three percent (3%) of Grantee’s Gross Revenues Annually (PEG/I-Net Fee). (A) The PEG/I-Net Fee shall be allocated to provide support for Capital Costs related to PEG Access and the I-Net. The PEG/I-Net Fee shall not be paid to another cable operator in the Franchise Area for equipment to be owned by that cable operator or an affiliate. (B) The Jurisdictions shall provide Grantee with a report Annually describing the allocation of the PEG/I-Net Fee, containing sufficient detail to demonstrate that the funds under Section 7.1 are used in compliance with the terms of this Franchise. The Jurisdictions shall Annually submit the report to Grantee no later than December 31. (C) The Jurisdictions intend to use one percent (1%) of funds paid under Section 7.1 to provide support for Designated Access Provider Capital Costs; one percent (1%) for Capital Costs in the form of grants related to use of Access Resources or the I-Net; and one percent (1%) to fund Capital Costs related to the I-Net and its use. (D) The Jurisdictions shall work with the Grantee and recipients of the PEG/I-Net Fee to ensure that the contributions of the Grantee relating to grant or I-Net resources under this Franchise are appropriately acknowledged.