Franchise Renewals Clause Samples
The Franchise Renewals clause outlines the terms and conditions under which a franchise agreement may be extended beyond its original term. Typically, it specifies the process for requesting a renewal, any requirements the franchisee must meet—such as compliance with operational standards or payment of renewal fees—and the timeframe for submitting a renewal application. This clause ensures both parties understand the procedures and obligations involved in continuing the franchise relationship, thereby providing predictability and reducing the risk of disputes over contract extensions.
Franchise Renewals. Each Franchise for which (a) a valid notice of renewal pursuant to the formal renewal procedures established by Section 626 of the Communications Act has not been timely delivered to the appropriate Governmental Authority and (b) with respect to which the appropriate Governmental Authority has not confirmed in writing that the procedure established by Section 626 nonetheless will apply to the renewal or extension of such Franchise, will have been renewed or extended for a period expiring no earlier than three years after the Closing Date.
Franchise Renewals. Each Systems Franchise for which (a) a valid notice of renewal pursuant to the formal renewal procedures established by Section 626 of the Cable Act has not been timely delivered to the appropriate Governmental Authority, and (b) with respect to which the appropriate Governmental Authority has not confirmed in writing that the procedures established by Section 626 nonetheless shall apply to the renewal or extension of such Systems Franchise, shall have been renewed or extended for a period expiring no earlier than three years after the Closing Date.
Franchise Renewals. Any Insight System Franchise for which a valid notice of renewal pursuant to the formal renewal procedures established by Section 626 of the Cable Act has not been timely delivered to the appropriate Governmental Authority has been renewed or extended for a period expiring no earlier than three years after the Closing Date, such renewal or extension being on terms that would not make, or are not reasonably likely to make, the System Franchise that is being renewed or extended materially more onerous in any respect and that would not materially reduce, or are not reasonably likely to materially reduce, the benefits available under the System Franchise that is being renewed or extended.
Franchise Renewals. Any TCI System Franchise for which a valid notice of renewal pursuant to the formal renewal procedures established by Section 626 of the Cable Act has not been timely delivered to the appropriate Governmental Authority has been renewed or extended for a period expiring no earlier than three years after the Closing Date, such renewal or extension being on terms that would not make, or are not reasonably likely to make, the System Franchise that is being renewed or extended materially more onerous in any respect and that would not materially reduce, or are not reasonably likely to materially reduce, the benefits available under the System Franchise that is being renewed or extended.
Franchise Renewals. Any TCI System Franchise required to be renewed or extended pursuant to the provisions of Section 7.5(c) shall have been renewed or extended for not less than the applicable period without the imposition of any conditions or other modifications that make, or are reasonably likely to make, the underlying instrument materially more onerous in any respect or that would materially reduce in any respect, or are reasonably likely to materially reduce in any respect, the benefits available under the instrument in respect of which the renewal or extension relates.
Franchise Renewals. Each Charter Systems Franchise for which (a) a valid notice of renewal pursuant to the formal renewal procedures established by Section 626 of the Cable Act has not been timely delivered to the appropriate Governmental Authority, and (b) with respect to which the appropriate Governmental Authority has not confirmed in writing that the procedures established by Section 626 nonetheless shall apply to the renewal or extension of such Charter Systems Franchise, shall have been renewed or extended for a period expiring no earlier than three years after the Closing Date.
Franchise Renewals. All TCA Systems Franchises for which a valid notice of renewal pursuant to the formal renewal procedures established by Section 626 of the Cable Act has not been timely delivered to the appropriate Governmental Authority shall have been renewed or extended for a period expiring no earlier than three years after the Closing Date.
Franchise Renewals. Any Century System Franchise required to be renewed or extended pursuant to the provisions of Section 7.5(c) shall have been renewed or extended for not less than the applicable period without the imposition of any conditions or other modifications that make, or are reasonably likely to make, the underlying instrument materially more onerous or that would materially reduce, or are reasonably likely to materially reduce, the benefits available under the instrument in respect of which the renewal or extension relates.
Franchise Renewals. The Company and its Subsidiaries shall use commercially reasonable efforts to obtain prior to Closing renewals, extensions or replacements of the ▇▇▇▇▇▇▇ County, Alabama Franchise, Marine Corps Air Station Franchise and Marine Corps Recruit Depot Franchise with new terms of at least 36 months (the “Franchise Renewals”); provided that the Company and its Subsidiaries shall not agree to any material adverse condition or material adverse change to such Franchise unless Parent shall, in its reasonable discretion, consent to such condition or change in writing. Notwithstanding the foregoing, in no event shall the receipt of any of the Franchise Renewals be a condition to Closing. Parent shall reasonably cooperate with the Company in obtaining the Franchise Renewals. Within ten (10) Business Days after the date of this Agreement, the Company and Hargray CATV Company, Inc. shall file for a certificate of amended state franchise with the State of South Carolina to add the County of Hampton, South Carolina to Hargray CATV Company, Inc.’s South Carolina statewide cable franchise. Within ten (10) Business Days after the date of this Agreement, the Company and Hargray of Alabama, Inc. shall timely file valid requests under Section 626 of the Communications Act with the Town of ▇▇▇▇▇▇▇▇, Alabama and the Town of Riverside, Alabama. In addition, the Company and its applicable Subsidiaries shall timely file valid requests under Section 626 of the Communications Act with the proper Governmental Authority with respect to all Franchises that will expire prior to June 30, 2022, except with respect to Franchises for which they receive a replacement statewide Franchise covering the applicable System(s).
Franchise Renewals. All Cable One Systems Franchises for which a valid notice of renewal pursuant to the formal renewal procedures established by Section 626 of the Cable Act has not been timely delivered to the appropriate Governmental Authority shall have been renewed or extended for a period expiring no earlier than three years after the Closing Date.