Common use of Maximum Legal Compensation Clause in Contracts

Maximum Legal Compensation. The parties acknowledge that, at present, applicable federal law limits the City to collection of a maximum permissible Franchise Fee of five percent (5%) of Gross Revenues. In the event that at any time during the duration of this Franchise, the City is authorized to collect an amount in excess of five percent (5%) of Gross Revenues, then this Franchise may be amended unilaterally by the City to provide that such excess amount shall be added to the Franchise Fee payments to be paid by Grantee to the City hereunder, provided that Grantee has received at least ninety (90) days prior written notice from the City of such amendment, so long as all cable operators in the City are paying the same Franchise Fee amount.

Maximum Legal Compensation. The parties acknowledge that, that at present, present applicable federal law limits the City to collection of a maximum permissible Franchise Fee of five percent (5%) of Gross Revenues. In the event that at any time during the duration of this Franchise, Franchise the City is authorized to collect an amount in excess of five percent (5%) of Gross Revenues, then this Franchise may be amended unilaterally by the City, by resolution of City Council, to provide that such excess amount shall be added to the Franchise Fee payments to be paid by Grantee Operator to the City hereunder, provided that Grantee Operator has received at least ninety (90) days days’ prior written notice from the City of such amendment, and so long as all cable operators Cable Operators in the City are paying the same Franchise Fee amountamount commencing within ninety (90) days of the Effective Date of the increase for Operator.

Maximum Legal Compensation. The parties acknowledge that, at present, applicable federal law limits the City Town to collection of a maximum permissible Franchise Fee of five percent (5%) of Gross Revenues. In the event that at any time during the duration of this Franchise, the City Town is authorized to collect an amount in excess of five percent (5%) of Gross Revenues, then this Franchise may be amended unilaterally by the City Town to provide that such excess amount shall be added to the Franchise Fee payments to be paid by Grantee to the City Town hereunder, provided that Grantee has received at least ninety (90) days prior written notice from the City Town of such amendment, so long as all cable operators in the City Town are paying the same Franchise Fee amount.

Maximum Legal Compensation. The parties acknowledge that, at present, applicable federal law Applicable Law limits the City to collection of a maximum permissible Franchise Fee of five percent (5%) of Gross Revenues. In the event that at any time during the duration of this Franchise, the City is authorized to collect an amount in excess of five percent (5%) of Gross Revenues, then this Franchise may be amended unilaterally by the City to provide that such excess amount shall be added to the Franchise Fee payments to be paid by Grantee to the City hereunder, provided that Grantee has received at least ninety (90) days prior written notice from the City of such amendment, so long as all cable operators in the City are paying the same Franchise Fee amount.