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<br />DRAFT <br /> <br />deemed the gmnt of this Franchise for all purposes; provided, however, this <br />Franchise shall not be ellective until all City ordinance adoption procedures are <br />complied with and all applicable timelines have run for the adoption of a City <br />ordinance. In the event acceptance does not take place, or should all ordinance <br />adoption procedures and timelines not be completed, this Franchise and any and <br />all rights granted hercundcr to the Grantee shaJ I be null and void. <br /> <br />14.2.2 Upon acceptance orthis Franchise, the Grumce and the City shall be bound by all <br />the terms and conditions contained herein. 'fhe Grantee agrees that this Franchise <br />is not inconsistcnt with applicable law or rcgulations at the time it is exccutcd. <br /> <br />14.2.3 Grantee shall accept this J.'ranchise in the following manner: <br /> <br />14.2.3.1 This Franchise will be properly executed and acknowledgcd by Grantee <br />and delivered to City. <br /> <br />14.2.3.2 With its acceptance, Grantee shall also deliver any performance bond <br />and insurance certificates required herein that are due but have not <br />previously been delivered. <br /> <br />14.3 Bindine AcccDtancc. <br /> <br />Allest: <br /> <br />By:.. <br />its: <br /> <br />This Franchise shall bind and benefit the parties hereto and their respective authorized <br />heirs, beneliciaries, administrators, executors. receivers, trustees. successors and assigns, <br /> <br />Passed and adopted this <br /> <br />day of <br /> <br />200 <br />l ""...".. <br /> <br />CITY OF ~~~____, MINNESOTA <br /> <br />By: <br />Its: <br /> <br />ACCEPTED: This Franchise is accepted and we agree to be bound by its terms and conditions. <br /> <br />Dated: <br /> <br />[INSERT FULL <br />FRANCHISEE] <br /> <br />NAME <br /> <br />OF <br /> <br />By: <br />Its: <br /> <br />59 <br /> <br />91 <br />