Transition to and from Distribution Fund. Grantor’s position is that, under State law political subdivisions are allowed or otherwise have the right and option to (1) withdraw from and elect not to participate in (Opt-Out) the Distribution Fund and/or (2) return to or be reinstated in (Opt-In) the Distribution Fund and receive its local historical amount, as opposed to receiving direct franchise fee payments from Cable Operators, accordingly, Xxxxxxx agrees to cooperate in good faith with Grantor and/or the Authority in making any such withdrawals from (Opt-Out) and returns or reinstatements to (Opt-In) the Distribution Fund. In this regard, Grantee shall also take all such action as is necessary or appropriate with the Kentucky Department of Revenue (DOR) or the State in order to meet or otherwise comply with the obligations or requirements of KRS 136.600 through 136.660, as applicable. The Parties acknowledge the TBNK Member Governments have made, prior to the Effective Date of this Franchise Agreement, the Opt-Out and Opt-In choices respecting the Distribution Fund, as noted or set forth on Appendix 3 attached hereto and made a part hereof.
Transition to and from Distribution Fund. Under State law political subdivisions are allowed or otherwise have the right and option to (1) withdraw from and elect not to participate in (Opt-Out) the Distribution Fund and/or (2) return to or be reinstated in (Opt- In) the Distribution Fund and receive its local historical amount, as opposed to receiving direct franchise fee payments from Cable Operators, accordingly, Grantee agrees to cooperate in good faith with Grantor and/or the Authority in making any such withdrawals from (Opt-Out) and returns or reinstatements to (Opt-In) the Distribution Fund. In this regard, Grantee shall also take all such action as is necessary or appropriate with the Kentucky Department of Revenue (DOR) or the State in order to meet or otherwise comply with the obligations or requirements of KRS 136.600 through 136.660, as applicable. The Parties acknowledge the TBNK Member Governments have made the Opt-Out and Opt-In choices respecting the Distribution Fund as noted or set forth on Appendix 3 attached hereto and made a part hereof.
