Section 10Sec./Art. 10

Bond. -The grantee, its successor or assignees, shall file a bond with the CAAP in the amount that it shall determine to guarantee the compliance with and fulfillment of the conditions under which this franchise is granted. If, after three (3) years from the date of the approval of its permit by the CAAP, the grantee, its successors or assignees, shall have fulfilled the conditions, the bond shall be cancelled by the CAAP. Otherwise, the bond shall be forfeited in favor of the government and the franchiseipso factorevoked.