In consideration of the franchise payments hereinabove provided for, it is expressly understood and agreed by the company and the village that these payments shall be in lieu of any and all other franchise, license, occupation or other forms of excise or revenue taxes based upon or measured by the revenues, employees, payroll, property, facilities or equipment of the company, excepting, however, general ad valorem property taxes, special assessments for local improvements and sales or gross receipts taxes (all hereinafter referred to as "excepted taxes"). The franchise payments shall continue only so long as the company is not prohibited from making the payments by any lawful authority having jurisdiction in the premises. Furthermore, if the village does levy, charge or collect or attempt to levy, charge or collect any other franchise, license, occupation or other form of excise or revenue taxes of the type above specified in this paragraph (other than excepted taxes), the obligation to make franchise payments hereunder shall be abated to the extent such other taxes are levied, charged or collected by the village. (Ord. 371, 3-15-2016)