Common use of Return of Fund Clause in Contracts

Return of Fund. If the Franchise terminates for any reason, and the Grantee has ceased to provide Cable Service in the City, the balance of the security fund that remains following termination of the Franchise and satisfaction of all of Grantee's obligations secured by the fund shall be returned to Grantee. The City shall be under no obligation to return funds until a reasonable time, but no longer than one hundred eighty (180) days, has elapsed for the City to determine that all such obligations have been satisfied.

Return of Fund. If the Franchise terminates for any reason, and the Grantee has ceased to provide Cable Service service in the City, the balance of the security fund that remains following termination of the Franchise and satisfaction of all of Grantee's obligations secured by the fund shall be returned to Grantee. The City shall be under no obligation to return funds until a reasonable time, but no longer than one hundred eighty (180) days, has elapsed for the City to determine that all such obligations have been satisfied.

Return of Fund. If the Franchise terminates for any reason, and the Grantee has ceased to provide Cable Service service in the City, the balance of the security fund Security Fund that remains following termination of the Franchise and satisfaction of all of Grantee's obligations secured by the fund shall be returned to Grantee. The City shall be under no obligation to return funds until a reasonable time, but no longer than one hundred eighty (180) days, time has elapsed for the City to determine that all such obligations have been satisfied.

Return of Fund. If the Franchise terminates for any reason, and the Grantee has ceased to provide Cable Service service in the City, the balance of the security fund Security Fund that remains following termination of the Franchise and satisfaction of all of Grantee's obligations secured by the fund shall be returned to Grantee. The City shall be under no obligation to return funds until a reasonable time, but no longer than one hundred eighty (180) 180 days, has elapsed for the City to determine that all such obligations have been satisfied.