Republic Acts1 min read
Section 9Sec./Art. 9
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Bond. The Grantee shall file a bond with the NTC, in the amount that the NTC shall determine, to guarantee compliance with and fulfillment of the conditions under which this franchise is granted. If after three (3) years from the date of approval of its permit by the NTC, the Grantee shall have fulfilled the same, the bond shall be released by the NTC.
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