Republic Acts1 min read
Section 7Sec./Art. 7
Personal notes Saved on this device
0 / 5,000 charactersReport page issue
Answer First
Primary Text
Term of Franchise.- This franchise shall be for a term of twenty-five (25) years from the date of effectivity of this Act, unless sooner revoked or cancelled. This franchise shall be deemed ipso facto revoked, in the event the grantee fails to comply with any of the following conditions:
(a)Commence operations within three (3) years from the approval of its operating permit or provisional authority by the NTC;
(b)Operate continuously for two (2) years; and
(c)Commence operations within five (5) years from the effectivity of this Act.
Use With Care
Definitions and exceptions often appear before or after this text.
Court decisions may interpret, limit, or apply this provision.
Confirm amendment, repeal, effectivity, and official publication.