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franchise before completion of initial construction of tije <br />energized cable. <br />(C) The board may terminate a franchise prior to <br />the date of expiration upon a <br />that: <br />(1) The grantee has failed to comply in some <br />material respect with any provision of this ordinance or has, <br />by any act or omission, violated in some material respect any <br />term or condition of any franchise Or permit issued <br />hereunder; or <br />(2) The grantee made a material, false <br />statement in the application for a franchise, knowing it to <br />be false; or <br />( 3 ) The grantee <br />is not providing <br />subscribers with regular, adequate and proper service. <br />(4)—The grantee becomes insolvent, enters into <br />receivership or —LLIuLdation , . files for bankruptcy <br />or is <br />unable or unwilling ay to 2 --2,2_Y its debts as th�!��ture.2r is in <br />financial difficulty of sufficient consequence so as to <br />jeopardize the continued operation of the CATV system (unless <br />the <br />_grantee is in due Process of contesting such debts); or <br />13 <br />