Whenever the franchise agreement shall set forth any time for an act to be performed by or on behalf of the grantee, such time shall be deemed of the essence and any failure of the grantee to materially perform within the time allotted shall be sufficient ground for the town to invoke an appropriate penalty, including possible revocation of the franchise, subject to notice and a time to cure.
(Ord. No. 04-009, § 6-12, 8-26-2004)