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franchise before completion of initial construction oC the <br /> energized cable. <br /> (c) The board may terminate a franchise prior to <br /> the date of expiration upon a finding=-wade-a; te -t4iFty-f34)- <br /> 4aye --ne t ee-- --5-rry- rri-n-a r-crt-3--grirbrrc-'rrearrrrg- <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,--; --- ---'a&&c- <br /> ef---n1 +4 --� r -zV-rt,--.Trig- , is not providing <br /> subscribers with regular, adequate and proper service. <br /> (4) The grantee becomes insolvent, enters into <br /> receivershie or liquidation , files for bankruptcy or is <br /> unable or unwilling to pay its debts as they mature or is in <br /> financial difficulty of sufficient •consequence so as to <br /> jeopardize the continued operation of the CATV system (unless <br /> the arantee is in due process of contestinl_such debts) ; or <br /> 13 <br />