The Franchisee shall pay Grantor 3% of the gross revenues received by it for basic cable and premium channel television services provided to all subscribers located within Grantor. Such payment shall be made semi-annually within 30 days after the end of each six month calendar period. All other license fees or taxes levied upon Franchisee by Grantor shall be credited against the payment required herein.
(Ord. 96-5, passed 3-18-96)