As compensation for the benefits and privileges granted under this Franchise and in consideration of permission to use the City’s Rights-of-Way, Grantee shall continue to pay the City the sum of one dollar twenty cents ($1.20) per Subscriber per month as a franchise fee (“Franchise Fee”) until ninety (90) days after the Effective Date or July 1, 2017, whichever is later (“New Payment Date”). Commencing on the New Payment Date, Grantee shall pay the City an amount equal to three and one-half percent (3.5%) of Grantee’s Gross Revenues as aThe 89-page agreement will not dictate rates, and the company will have to answer complaints from customers.
Franchise Fee. The Franchise Fee shall be increased to four and one-half percent (4.5%) within one (1) year after the New Payment Date and shall be increased to five percent (5%) within two (2) years after the New Payment Date, provided that all other Cable Operators providing Cable
Services in the City are required to pay the same Franchise Fee rates (i.e. percentage of Gross Revenue and increases in such percentage) and commencing on the same dates as set forth in this Section 3.1. The Franchise Fee may be recovered from Subscribers by Grantee in accordance with Applicable Law.