Whenever this chapter, or any ordinance or agreement awarding a franchise hereunder, shall set forth any time for any act to be performed by or on behalf of a franchisee, such time shall be deemed of the essence, and any failure of a franchisee to perform within the time set forth shall constitute a material breach of the terms of this chapter and shall entitle Louisville Metro to invoke all penalties and remedies prescribed in this chapter as well as all other legal or equitable remedies available to Louisville Metro.
(Lou. Metro Ord. No. 77-2018, approved 5-29-2018)