Republic Acts1 min read
Section 6September 20, 2006, Sec./Art. 6
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Term of Franchise. - This franchise shall be term of twenty-five (25) years from the date of effectivity of Act, unless sooner revoked or cancelled. This franchise be deemed ipso facto revoked in the event the grantee fail comply with any of the following conditions:
(a) Commence operations within one year from approval of its operating permit or provisional authority by NTC;
(b) Operate continuously for two years; and
(c) Commence operations within three years from effectivity of this Act.
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