Common use of Upon Termination of Membership Clause in Contracts

Upon Termination of Membership. In the event the Grantor or one or more of the TBNK Member Governments terminates its membership and participation in the Interlocal Agreement, the Cable Board may give notice to the Grantee to isolate, at the Cable Board’s cost, the Subscribers within the respective jurisdiction terminating its participation in the Interlocal Agreement from receiving the PEG programming from the Cable Board. In such a case, the Grantee shall prepare a cost estimate to achieve the requested isolation and if payment to achieve the isolation is approved by the Cable Board, the Grantee shall isolate the Subscribers within the jurisdiction terminating its participation in the Interlocal Agreement from receiving the PEG programming from the Cable Board, within a reasonable time after receiving notice from the Cable Board approving payment of the required cost.