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Deleted: member <br />withdrawal of a ~?'&~r~::~:~_ ~f_p_qq~_i.d._e_O_.~o.r..h..em!.n.,..i.n.!!!_~.t~_.a..b..qy_ ?_~L~L~.~_ ~q~!~X_~.~.o_~_t_h__% <br /> <br />withdrawn ~'?ic,'.zfi;cr, pursuant to the same terms and conditions as provided in this section The ." <br /> <br />amount of any equity distributed to a withdrawn~?~_%l~:% will be aid, without interest, on a a merit P ................................. <br /> <br />schedule established by the Commission, provided, however, the term of such payment schedules <br /> <br />shall not exceed five (5) years. When calculating an equity repayment schedule, the Commission <br /> .~ Deleted: member <br />may deduct the withdrawnd~A~mbcr's ¼ share of outstanding indebtedness from the amount of an7 ' , ............................................................. <br /> .~ Deleted: member <br />equity due the withdrawn <br /> <br />collected on its behalf for the year in which its withdrawal is effective, except the reimbursement of <br /> <br />cable-related expenses for that year. If no bonds, obligations or other forms of indebtedness are <br /> <br />outstanding, for the calendar year following withdrawal, and for all subsequent years, the franchise <br /> .-i Deleted: system <br />fee calculated upon gross revenues attributable to the~?sl.c~(si within the withdrawn~?:mb~:r shall .-:]--( ~-~i'~'J'~-~ ............................ <br /> <br />be paid by Grantee directly to the withdrawn ¢¥[cmhcr. -' <br /> <br />Section 3. In the event of dissolution, the Commission shall determine the measures <br /> <br />necessary to effect the dissolution and shall provide for the taking of such measures as promptly as <br /> <br />circumstances permit, subject to the provisions of this agreement. Upon dissolution of the <br /> <br />Commission all remaining assets of the Commission, after payment of all obligations, shall be <br /> 4 De eted member <br />distributed among the then existing?;.~icmbcrs in proportion to the most recent~lember by~yh~mbcr ~-L--',-:' Deleted: member <br /> 'i Deleted: member <br />breakdown of the franchise fees as reported by the Grantee. The Commission shall continueto exist <br /> <br />after dissolution for such period, no longer than six months, as is necessary to wind up its affairs but <br /> <br />for no other purpose. <br /> <br /> IN WITNESS WHEREOF, the undersigned munic, ipality has caused this agreement to be <br /> <br />signed on its behalf this day of 2005 .-' <br /> <br />Deleted: 1982 <br /> <br />10 <br /> <br />-48- <br /> <br /> <br />