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<br />E. Meredith is relieved, now and in the future, of any franchise obligation to provide <br />local origination programming in the North Central Suburban franchise Jrea. <br /> <br />F. Meredith is relieved of its Franchise obligation to provide FM broadcast service. <br /> <br />2. CONDITIONAL PEG TRANSFER. <br /> <br />In the event the Commission, or any Member City or consortium thereof, determines to <br />assume the obligations and responsibilities for PEG Programming, and pursuant to such definitive <br />agreement ("Definitive Agreement") as may be completed and executed by all parties and the <br />adoption of all necessary Franchise Ordinance amendmems by the necessary Member Cities, <br />Meredith shall transfer all obligations, responsibilities and funding for PEG Programming to the <br />Commission, or its designee, or any Member City or consortium thereof, ("Transfer"), subject <br />to the following terms and conditions: <br /> <br />A. <br /> <br />In the event the full Commission determines, pursuant to such Definitive <br />Agreement as may be executed, to assume the obligations and responsibilities for <br />PEG Programming, upon completion of the Transfer, Meredith shall pay the full <br />amount of the PEG Fee coUected to the Commission, or its designee. In the event <br />any Member Ciry or consortium thereof, determines, pursuant to such Definitive <br />Agreement as may be executed, to assume the obligations and responsibilities for <br />PEG Programming, Meredith shall pay to such Member City or consortium <br />thereof, its pro r:lta share of the PEG Fee collected. Upon transfer, Meredith shall <br />prepay quarterly, an estimated quarterly PEG Fee, which shall be annually <br />reconciled to reflect actual PEG Fee receipts by Meredith subject to more frequ~nt <br />reconciliation by muUlal agreement of the parries. <br /> <br />(9 fe~ <br />1 ~ ~}! <br />\,l.C' <br />~e[P <br /> <br />B. Upon the effective date of Transfer, the Franchise obligations relating [0 PEG <br />Programming shall be superseded and become the responsibility of the <br />Commission, or such Member Ciry or consortium thereof. to the extent the <br />Commission, or a Member Clry or consortium thereof has determined to assume <br />the obligations and responsibilities of Meredith, all as shall be set-fonh in a <br />Definitive Agreement. Subject to final negotiated terms of any Definitive <br />Agreement, it is assumed that upon Transfer, Meredirh will be relieved of all pre.. <br />existing franchise PEG obligations. <br /> <br />C. Meredith shall assign and the Commission, or its designee, or any Member City <br />or cons0l1ium thereof, ~hall assume all real estate and equipment leases and <br />contracts relating to PEG Programming in accordance with a Definitive: <br />Agreement. <br /> <br />D. Meredith shall transfer all PEG Programming equipment to the Commission, or its <br />designee, or any Member City or consortium thereof, in accordance with the <br /> <br />,., <br />.J <br /> <br />P.? <br />