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or remedies shall not be deemed a waiver ()f the right to exercise at the same time or thereafter any other right or remedy. .. ~ Grantee Acknowledgment of Validity of Franchise. Grantee acknowledges that it has had an opportunity [() review the terms and conditions of this Franchise and that under current law Grantee believes that said terms and conditions are not unreasonable or arbitrary. and that Grantee believes City has the power [0 make the terms and conditions contained in this Franchise. SECTION 14. PUBLICA TION EFFECTIVE DATE; ACCEPTANCE AND EXHIBITS 1. Publication: Effective Date. This Franchise shall be published in accordance with applicable local and Minnesota law. The Effective Dare of this Franchíse shall be the date of acceptance by Grantee in accordance with the provisions of Section 14.2. ') Acceptance . a. Grantee shall accept this franchise within sixty (60) of its enactment by the City Council, unless the lime for acceptance is extended by City. Such acceptance by the Grantee shall b~ deemed the grant of this Franchise for all purposes provided, however, this franchise shall not be effective until all City ordinance adoption procedures are complied with and all applicable timelines have run for the adoption of a City ordinance. In the event acceptance does not take place. or should all ordinance adoption procedures and timelines not be completed. this Franchise and any and all rights granted hereunder to Grantee shall be null and void. b. Upon acceptance of this franchise, Grantee and City shall be bound by all the terms and conditions contained herein. c. Grantee shall accept this Franchise in the following manner: I. This franchise will be properly executed and acknowledged by Grantee and delivered to City. 11. With its acceptance, Grantee shall also deliver any grant payments. performance bond and insurance certificates required herein that have not previously been delivered. ...., -' -'