Common use of Changes in Utility Service Industries Clause in Contracts

Changes in Utility Service Industries. The City and the Company recognize that utility service industries are the subject of restructuring initiatives by legislative and regulatory authorities, and are also experiencing other changes as a result of mergers, acquisitions, and reorganizations. Some of such initiatives and changes may have an adverse impact upon the Franchise Fee revenues provided for herein. In recognition of the length of the term of this Franchise, the Company agrees that in the event of any such initiatives or changes and to the extent permitted by law, upon receiving a written request from the City, the Company will cooperate with and assist the City in making reasonable modifications of this Franchise Agreement in an effort to provide that the City receives an amount in Franchise Fees or some other form of compensation that is the same amount of Franchise fees paid to the City as of the date that such initiatives and changes adversely impact Franchise Fee revenues.

Changes in Utility Service Industries. The City and the Company recognize that utility service industries are the subject of restructuring initiatives by legislative and regulatory authorities, authorities and are also experiencing other changes as a result of mergers, acquisitions, and reorganizations. Some of such initiatives and changes may have an adverse impact upon the Franchise Fee revenues provided for herein. In recognition of the length of the term of this Franchise, the Company agrees that in the event of any such initiatives or changes and to the extent permitted by law, upon receiving a written request from the City, the Company will cooperate with and assist the City in making reasonable modifications of this Franchise Agreement in an effort to provide that the City receives an amount in Franchise Fees or some other form of compensation that is the same amount of Franchise fees Fees paid to the City as of the date that such initiatives and changes adversely impact Franchise Fee revenues.

Changes in Utility Service Industries. The City Town and the Company recognize that utility service industries are the subject of restructuring initiatives by legislative and regulatory authorities, authorities and are also experiencing other changes as a result of mergers, acquisitions, and reorganizations. Some of such initiatives and changes may have an adverse impact upon the Franchise Fee revenues provided for herein. In recognition of the length of the term of this Franchise, the Company agrees that in the event of any such initiatives or changes and to the extent permitted by law, upon receiving a written request from the CityTown, the Company will cooperate with and assist the City Town in making reasonable modifications of this Franchise Agreement in an effort to provide that the City Town receives an amount in Franchise Fees or some other form of compensation that is the same amount of Franchise fees Fees paid to the City Town as of the date that such initiatives and changes adversely impact Franchise Fee revenues.

Changes in Utility Service Industries. The City Town and the Company recognize that utility service industries are the subject of restructuring initiatives by legislative and regulatory authorities, and are also experiencing other changes as a result of mergers, acquisitions, and reorganizations. Some of such initiatives and changes may have an adverse impact upon the Franchise Fee revenues provided for herein. In recognition of the length of the term of this Franchise, the Company agrees that in the event of any such initiatives or changes and to the extent permitted by law, upon receiving a written request from the CityTown, the Company will cooperate with and assist the City Town in making reasonable modifications of this Franchise Agreement in an effort to provide that the City Town receives an amount in Franchise Fees or some other form of compensation that is the same amount of as the Franchise fees Fees paid to the City Town as of the date that such initiatives and changes adversely impact Franchise Fee revenues.