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6,2.2 In addition to the Quarterly Support Grant, the Grantee shall make the following <br /> capital support payments: <br /> <br />6.2.2.1 <br /> <br />a one-time payment of $200,000 (the "Initial Capital Support Grant") to be <br />used for PEG facilities and/or PEG equipment (including, but not limited to, <br />studio and portable production equipment, editing equipment and program <br />playback equipment). Payment of the Initial Capital Support Grant shall be <br />made to the Commission in one lump sum within fifteen (15) days after the <br />Effective Date of this Franchise. The Commission, in its sole discretion, shall <br />allocate the Initial Capital Support Grant. <br /> <br />6.2.2.2 <br /> <br />a one-time payment of $300,000 ("Supplemental Capital Support Grant I") to <br />be used for PEG facilities and/or equipment (including, but not limited to, <br />studio and portable production equipment, editing equipment and program <br />playback equipment). Payment of Supplemental Capital Support Grant I shall <br />be made to the Commission in one lump sum ninety (90) days after the <br />Effective Date of this Franchise. The Commission, in its sole discretion, shall <br />allocate Supplemental Capital Support Grant I. <br /> <br />6.2.2.3 <br /> <br />a one-time payment of $200,000 ("Supplemental Capital Support Grant II"), <br />adjusted by CPI, to be used for PEG facilities and/or equipment (including, <br />but not limited to, studio and portable production equipment, editing <br />equipment and program playback equipment). Payment of Supplemental <br />Capital Support Grant II shall be made to the Commission in one lump on the <br />second anniversary of the Effective Date of this Franchise. The Commission, <br />in its sole discretion, shall allocate Supplemental Capital Support Grant II. <br /> <br />6.2.2.4 <br /> <br />an annual equipment grant of $40,000 (the "Equipment Grant"), to be <br />allocated by the Commission in its sole discretion. The Equipment Grant <br />shall be increased by CPI on an annual basis, and shall be paid to the <br />Commission no later than January 15 of each year beginning in 2001. <br /> <br />6.2.2.5 <br /> <br />The Grantee may (i) treat the Initial Capital Support Grant, Supplemental <br />Capital Support Grant I, Supplemental Capital Support Grant II and the <br />Equipment Grant as a franchise requirement and (ii) pass the amount paid <br />pursuant to this paragraph through to Subscribers as an external cost, and may <br />itemize the amount attributable to these grants on Subscribers' monthly bills, <br />either as part of the PEG Fee or as a separate line item, all in accordance with <br />applicable federal law. <br /> <br />6.2.3 <br /> <br />In the event any payment required by this Section 6.2 is not made on or before the <br />required date, the Grantee shall pay, during the period such unpaid amount is owed, <br />additional compensation and interest charges computed from such due date, at an <br />annual rate of ten percent (10%). The Grantee waives any right to claim that any <br />interest or penalties imposed hereunder constitute franchise fees within the meaning <br /> <br />33 <br /> <br /> <br />