The Franchise granted to the Grantee pursuant to this agreement is subject to revocation in the event of any substantial breach of this Franchise Agreement or default in performance of the Grantee's performance of the Franchise. The following events, acts or omissions on the part of the Grantee may be considered cause for revocation of the Franchise and termination of this Franchise Agreement:
(A) Repeated failure, after notice and an opportunity to cure, to comply with the material terms of this Franchise Agreement.
(B) Material fraud or misrepresentation in obtaining the Franchise.
(C) Willful failure to pay taxes, Franchise fees, costs or penalties when and as due the Village.
(D) Willful Failure to maintain required insurance coverage.
(E) Insolvency or bankruptcy of the Grantee.
(F) Failure to restore system-wide service after forty-eight (48) consecutive hours of interrupted services, provided that Grantee's failure to restore system-wide service is not caused by circumstances beyond the Grantee's reasonable control.
(Ord. 01-2301, passed 12-11-01)