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<br />',.. <br />. <br /> <br />" <br /> <br />"1.23 <br /> <br />"Local Origination Channel" means any channel <br /> <br />where the Grantor or Grantee is the programmer, and pro- <br />vides video programs to subscribers. <br /> <br />2. <br /> <br />Subsection 2.1 of said agreement is hereby amended to <br /> <br />read as follows: <br /> <br />"2.1 Grant. Group W. Cable, Inc. a corporation with its <br />principal place of business at 888 Seventh Avenue, New <br />York, New York 10106, hereinafter called the Grantee, has <br />been granted for itself, its successors and assigns, sub- <br />ject to the terms and conditions of this Agreement, the <br /> <br />~ ~ \~ ~Y~::-;:~~-~:~::>."~~;~:;~::'p:::;;r ~:~~ :~:h:;t::d t~:i :~~:::: ve <br /> <br />~J~~ date of the ordinance granting the franchise, to construct, <br />operate, and maintain a cable television system within the <br />streets and public ways within the City of Santa Ana. <br /> <br />At any time prior to the expiration of said term, <br />GriÚltee !;fiåTi' 'have the option to extend the initial term of <br />thê:fi'ãnctïrsefo'r an additional five (5) years. Grantee may <br />exercise this option by giving written notice by certified <br />mail to Grantor's City Manager, at his then current ad- <br />dress, that Grantee is exercising its right to extend the <br />term of the franchise. Upon the proper exercise of <br />Grantee's right to extend the term of the franchise in <br />accordance with the provisions of this paragraph, the term <br />of the franchise shall automatically be extended without <br />the necessity of any further action by Grantor or <br />Grantee." <br /> <br />.' <br /> <br />3. <br /> <br />Subsection 2.4 of said agreement is hereby amended to <br /> <br />read as follows: <br /> <br />-2- <br />