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a~ <br />2. To the Grantee: Division President; Time Wamer Cable, <br />PO Box 568; 101 hmovation Avenue #100; Morrisville, NC 27560-0568 <br />With a copy to: <br />Division Vice President for Govenunent and Public Affairs; Time Warner <br />Cable; PO Sox 568; 101 hmovation Avenue #100; Morrisville, NC <br />27560-0568 <br />Section 22. Severability <br />If any Section, subsection, sentence, clause, phrase, or other portion of this Franchise is, <br />for arry reason, declared invalid, in whole or in part, by any court, agency, conunission, <br />legislative body, or other authority of competent ,jurisdiction, such portion shall be <br />deemed a separate, distinct, and independent portion. Such declaration shall not affect the <br />validity of the remaining portions hereof; wlrich other' portions shall continue in full force <br />and effect.. <br />Section 2.3. Non-Discrimination <br />The Grantee shall not discriminate in any maturer- on the basis of factors prohibited by <br />law. <br />Section 24. Non-Divestiture <br />This Franchise shall not divest the Grantor of any right or interest it may hold in any <br />Public Rights-of--Way. <br />Section 25. Performance Bond or Letter of Credit <br />A. Within thirty (30) calendar days following the award of fire Franchise, the Grantee <br />shall deposit with the Grantor a letter of credit or bond from a financial <br />institution, approved by the Grantor's Finance Director or designated <br />representative, in the amount of $10,000 if the Grantor has up to 999 Customers, <br />$25,000 if the Grantor has 1000 to 3,999 Customers, and $50,000 if the Grantor <br />has over 4,000 Customers. The Grantor's attorney shall approve the form and <br />content of the letter, that approval shall not be urneasonably witlilield. The letter <br />of credit or bond shall be used to insure the faithful performance of the Grantee of <br />all provisions of the Franchise, and compliance with all orders, permits and <br />directions of any agency, commission, board, department, division or office of the <br />Grantor exercising,jurisdiction over the Grantee's acts or defaults, and payment by <br />the Grantee of any penalties, claims, liens, liquidated damages, fees due the <br />Grantor.. <br />B. If the Grantee fails to pay to the Grantor any compensation, not in dispute, due the <br />Grantor within Che time fixed herein; or fails, af{er thirty (30) calendar days notice <br />15 <br />