Common use of Competitive Equity Clause in Contracts

Competitive Equity. (a) Comcast acknowledges and agrees that the Township reserves the right to grant one or more additional franchises to construct, operate, and maintain a Cable System within the Township. (b) The franchise granted to Comcast is non-exclusive; however, if the Township grants a subsequent franchise that, when taken as a whole upon consideration of all of its material obligations, is more favorable or less burdensome to the subsequent franchisee than this Agreement is to Comcast, then Comcast may request an amendment to this Agreement to provide Comcast with competitive equity. If the Township agrees with Comcast that, when taken as a whole upon consideration of all of its material obligations, the subsequent franchise is more favorable or less burdensome, then the Township and Comcast shall enter into discussions in order to modify this Agreement to the mutual satisfaction of both parties to provide Comcast with such competitive equity. (c) In the event an application for a new franchise for Cable Service is submitted to the Township proposing to serve Subscribers within the Township, then the Township shall notify Comcast in writing of the submission of the application.

Competitive Equity. (a) Comcast acknowledges and agrees that the Township Municipality reserves the right to grant one or more additional franchises to construct, operate, and maintain a Cable System within the TownshipMunicipality. (b) The franchise granted to Comcast is non-exclusive; however, if the Township Municipality grants a subsequent franchise that, when taken as a whole upon consideration of all of its material obligations, is more favorable or less burdensome to the subsequent franchisee than this Agreement is to Comcast, then Comcast may request an amendment to this Agreement to provide Comcast with competitive equity. If the Township Municipality agrees with Comcast that, when taken as a whole upon consideration of all of its material obligations, the subsequent franchise is more favorable or less burdensome, then the Township Municipality and Comcast shall enter into discussions in order to modify this Agreement to the mutual satisfaction of both parties to provide Comcast with such competitive equity. (c) In the event an application for a new franchise for Cable Service is submitted to the Township Municipality proposing to serve Subscribers within the TownshipMunicipality, then the Township Municipality shall notify Comcast in writing of the submission of the application.

Competitive Equity. (a) Comcast acknowledges and agrees that the Township reserves the right to grant one or more additional franchises Franchises to construct, operate, and maintain a Cable System within the Township. (b) The franchise Franchise granted to Comcast is non-exclusive; however, if the Township grants a subsequent franchise Franchise that, when taken as a whole upon consideration of all of its material obligations, is more favorable or less burdensome to the subsequent franchisee than this Agreement is to Comcast, then Comcast may request an amendment to this Agreement to provide Comcast with competitive equity. If the Township agrees with Comcast that, when taken as a whole upon consideration of all of its material obligations, the subsequent franchise Franchise is more favorable or less burdensome, then the Township and Comcast shall enter into discussions in order to modify this Agreement to the mutual satisfaction of both parties to provide Comcast with such competitive equity. (c) In the event an application for a new franchise Franchise for Cable Service is submitted to the Township proposing to serve Subscribers within the Township, then the Township shall notify Comcast in writing of the submission of the application.