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<br />The parties agree that Meredith will not include in the PEG fee, now or in the furure, any <br />expenses or costs associated with ~he provision of local o.rigination programming. <br /> <br />6. SUCCESSORS BOUND. <br /> <br />Any parent, general partner, subsidiary, successor-in-interest, transferee, or assign sha.ll <br />be expressly bound by this Memorandum. Meredith agrees to disclose the terms of this <br />Memorandum with any potential purchasers of the Cable System or to any other individual <br />involved in any other contemplated ownership transfer of the Cable System. Failure of al1Y such <br />potential successor-in-interest to Meredith to agree to all terms and conditions of this <br />Memorandum shall be grounds for Meredith not to agree to the sale, and shall be reasonable and <br />acceptable grounds for the Commission and its Member Cities not to approve any such transfer <br />of ownership or other transfer of interest. <br /> <br />7. COMPETITION. <br /> <br />Should effective competition develop within the Commission's cable service territory in <br />the provision of video or cable services, as agreed by both parries to this Agreement, at any lime <br />in the future, Meredith and the Commission agree to commence discussions regarding issues <br />which give said competition an unfair advantage over Meredith. Should any other Multi-channel <br />V ideo Programming Distributor ("MVPD ") over which the COIT'.u'11ission or the Member Cities <br />have regulatory jurisdiction provide service ITl lhe current cable service area, the Commission anJ <br />Its i\llember Cities agree not to gram more favorable terms to such MVPD than are granted to <br />Meredith. <br /> <br />8. SEVERABILITY. <br /> <br />Should any term of this Memorandum be determined to be unenforceable by the FCC or <br />any court of competent jurisdiction, the remainder of the Memorandum shall be treated as severed <br />and shall remain in full force and effect. In the event mat any conn, the FCC, or any other body <br />with jurisdiction over either party revises or voids any parr of rhis ~'remorandum, the panies <br />rnurually agree to make any amendments to this Memorandum or orner applicable agreerIlem or <br />ordinances necessary to effectuate the intention of this Memorandum. In the event that such <br />amendments or charges are barred by any legal requirements governing either party, [he parries <br />shall use their best efforts to avoid prejudice to the respective parries' interests, and to implement <br />cllanges to effectuate the intent in entering into this Memorandum. If eiLl1er party finds <br />unacceptable the remainder of this Memorandum as severed by operation of this section, and <br />either party cannot agree with proposals by the other to amend this Memorandum to further the <br />original intent of said party in nonagreement, then the parties agree to submit the remaining issues <br />to binding arbitration. <br /> <br />7 <br /> <br />P.ll <br />