Upon acceptance of a franchise agreement or other agreement,
license or permit, or the renewal of any franchise agreement or other agreement,
license or permit, a franchisee or other MCS provider shall indicate that
it clearly understands that a failure to comply with any time or and performance
related requirements, or any breach of a term or condition of such franchise,
other agreement, license or permit or of this chapter, or of any federal,
state, or local law, rule, regulation, or code as set forth any agreement
or this chapter, will result in damage to the City, and that in certain situations
it will be impractical and impracticable to determine the actual amount of
such damage in the event of the delay or nonperformance of specified obligations.
If the City elects to assess liquidated damages against the franchisee or
other MCS provider, said liquidated damages shall constitute the sole financial
remedy available to the City, and the City shall not be entitled to any other
financial or monetary damages, excepting claims based in fraud or tort, or
defense and indemnity.