Section 21Sec./Art. 21

Repealability and Nonexclusivity Clause. - This franchise shall be subject to amendment, alteration, or repeal by the Congress of the Philippines when the public interest so requires and shall not be interpreted as an exclusive grant of the privileges herein provided for.

All provisions of Republic Act No. 7301 and Republic Act No. 7940 inconsistent with this Act are hereby repealed or modified accordingly.

All other provisions of Republic Act No. 7301 and Republic Act No. 7940 which are not inconsistent with the provisions of this Act and remain unrepealed shall continue to be in full force and effect: Provided, That all pending suits of whatever kind or nature, whether civil, criminal or administrative filed by or against the grantee in connection with the provisions of Republic Act No. 7301 or Republic Act No. 7940, shall continue to be prosecuted under the said law: Provided, further, That all valid and existing liabilities, fines, penalties, surcharges and/or unpaid tax assessments of the grantee from March 26, 1992 until the effectivity of the new law shall remain valid and enforceable under Republic Act No. 7301 and Republic Act No. 7940.