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~~' <br />B. The Grantee, on an annual Uasis, shall furnish Hre Grantor a statement within <br />ninety (90) days of the close of the calendar year, certified Uy an official of the <br />Grantee responsible for the Cable System's financial statements, reflecting the <br />total amounts of Gross Revenues, and all pa}nnents, and computations for the <br />previous calendar year. Upon ten (10) calendar days prior written notice, the <br />Grantor shall have the right to conduct an independent audit of the Grantee's <br />records for the most recent sixty (60) months to determine whether proper <br />Franchise Fees have been paid. If, after resolving any dispute arising from such <br />audit, the Grantee has made a Franchise Fee underpayment of tluee percent <br />(3.0%) or mor°e, the Grantee shall reimburse the Grantor- for all reasonable costs <br />actually expended in conducting any such audit. In other events, the Grantor shall <br />Uear all costs and fees, associated with any such audit, <br />C. All of the Grantee's Uooks and records concerning its Gross Revenues and its <br />calculation of payments to the Grantor; shall be availaUle for inspection Uy an <br />appropriate officer of the Grantor, or its designee, at reasonable times to <br />determine the amount of compensation due to the Grantor from the Grantee under <br />this Franchise. Such records shall Ue kept so as to accurately show the same, The <br />Grantee shall prepare and make available to the Grantor at times reasonably <br />requested by the Grantor and in the form prescribed by the Grantor after <br />consultation with the Grantee, such reports with respect to its Cable System, and <br />the Gross Revenues derived there fiom, as the Grantor may deem reasonably <br />necessary or appropriate. <br />D. hr the event the Grantee makes an underpa}mrent or in the event the Grantee fails <br />to make any paytnent on or Uefore the date it is due, the Grantee shall pay interest <br />at a rate of one percent (1%) per month on any such under payment and/or late <br />payment. <br />E. Consistent with federal requirements, the Grantee shall file no Less frequently than <br />amrually any tariffs, amendments, or modifications affecting the sale of its <br />services and Customer terminal equipment and shall provide written notifcation <br />to Hie Grantor within thirty (30) days of any proposed changes. The Grantee shall <br />provide notice to the Grantor of all filings, reports and petitions to local, state, or <br />federal regulatory agencies concerning the Franchise, which are required by 47 <br />CFR § 76.1700 of the FCC's rules to be maintained in flee Grantee's public <br />inspection file. Upon request, the Grantee shall provide copies of said filings to <br />the Grantor. <br />Section 9. Franchise -Not Exclusive <br />A. This Franchise is not exclusive. The Grantor reserves the right to grant <br />Franchises to other persons, as well as the right in its own name, to operate a <br />Cable System for similar or different purposes allowed the Grantee hereunder. <br />8 <br />