Republic Acts1 min read
Section 7Sec./Art. 7
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Term of Franchise. - This franchise shal 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 operation 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 operation within five (5) years from the effectivity of this Act.
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