(A) If required by the franchise agreement, in addition to the construction bond set forth above, the grantee shall, at least 30 days prior to the commencement of operation, file with the grantor a performance bond in the amount specified in the franchise agreement in favor of the grantor and any other person who may be entitled to damages as a result of any occurrence in the operation or termination of the cable system operated under the franchise agreement, and including the payments required to be made to the grantor hereunder.
(B) Such bond as contemplated herein shall be in the form approved by the grantor and shall among other matters cover the cost of removal of any properties installed by the grantee in the event the grantee shall default in the performance of its franchise obligation.
(C) In no event shall the amount of the bond be construed to limit the liability of the grantee for damages.
(Prior Code, § 115.061) (Ord. D-1485, § 6.2, passed 6-3-1985, effective 6-13-1985)