(a) In addition to all other rights, powers or remedies pertaining to the Village in connection with a Franchise Agreement or otherwise, the Village reserves the right to terminate, cancel and revoke the franchise and all rights and privileges of a Company under a Franchise Agreement in the event a Company:
(i) Violates any material provision of a Franchise Agreement or any rule, order or determination of the Village made pursuant to a Franchise Agreement, except where such violation, other than of subsection (ii) and (iii) below, is without fault of a Company or through excusable neglect; or
(ii) Becomes insolvent, unable or unwilling to pay its debts, or is adjudged bankrupt; or
(iii) Fails for a substantial time to provide cable television service to Subscribers, except as a result of strikes, war, civil commotion, Acts of God or other causes beyond the reasonable control of a Company.
(b) The Village may make a written demand that a Company comply with any such provision, rule, order or determination under or pursuant to a Franchise Agreement. If the violation by a Company continues for a period of thirty days following such written demand without written proof that the corrective action has been taken or is being actively and expeditiously pursued, the Village may consider the issue of terminating the Grant, provided that the Village shall cause to be served upon a Company, at least twenty day prior to the date the Village is to consider the issue of termination, a written notice of intent to request such termination, and the time and place of the meeting. Public notice shall be given of the meeting and issue which the Village is to consider.
(c) The Corporate Authorities shall hear and consider the issue, and shall hear any Person interested therein, and the Corporate Authorities shall determine, in their discretion, whether or not any violation by a Company has occurred.
(d) If the Corporate Authorities shall determine the violation by a Company was the fault of Company and within its control, the Corporate Authorities may, by resolution, declare that the Grant shall be terminated and revoked unless there is compliance within such period at the Corporate Authorities may fix; such period shall not be less than ten days, provided that no opportunity for compliance need be granted for fraud or misrepresentation.
(e) Upon expiration of the time set for compliance by a Company in subsection (d) and in the event that there has not been full and complete compliance, the issue of revocation and termination shall be determined at the first regular meeting of the Corporate Authorities following said expiration, without further notice to a Company, and in accordance with Illinois law.