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access programming which Meredith is providing at the effective date of this Memorandum, except as set forth in Section 2 below, and further subject to the following terms and conditions: A. Meredith has collected from April 1, 1995, and shall continue to collect through December 31, 1995, a fee of One Dollar and Fifty Cents ($1.50) ("PEG Fee") for the purpose of recovering its expenses in providing PEG Programming, not including any expenses for the provision of local origination programming, from April 1, 1995 through December 31, 1995. If Meredith collects more than its expenses for 1995, it may offset its undercharges provided for in previous FCC rate decisions and the Universal Service start-up costs as determined in Exhibit C. If an overage still exists, Meredith will not keep the overage, nor will any overage be given to the Commission; in the alternative, both parties will develop a mutually acceptable procedure to expend the monies for community programming. B. Meredith shall continue to collect the PEG Fee from all subscribers receiving Basic Service for which a fee is paid ("Subscribers") after December 31, 1995 for the purpose of funding PEG Programming, beginning on the effective date of this Agreement and continuing for any subsequent renewed franchise period [the sum total of which shall not to exceed fifteen (15) years without mutual agreement of both parties]. Upon yearly approval of the Member Cities, via the Commission, the PEG Fee shall yearly escalate in an amount not to exceed the amounts as set forth in Exhibit A attached hereto (but in no event greater than twenty-five cents (25C) in any twelve (12) month period). To the extent collection of such yearly PEG Fee results in Meredith's receipt of fees in excess of the amount currently expended by Meredith for these purposes, Meredith shall develop a plan to expend such additional receipts for the purpose of funding community programming with the advice and consent of the Commission. C. Meredith shall expend a total of Three Hundred Thousand Dollars ($300,000.00) as directed by Commission as to time and manner for and in lieu of all PEG Programming capital, replacement, and other equipment obligations during the current Franchise, and for any subsequent renewal as set forth below, with One Hundred Fifty Thousand Dollars ($150,000.00) being obligated on or about January 1, 1996, and One Hundred Fifty Thousand Dollars ($150,000.00) being obligated on or about January 1, 1997. D Meredith, the Member Cities, and the Commission agree that the operating and capital expenditures and/or payments provided in paragraphs A, B, and C above, and any future transfer of PEG Programming as may be made pursuant to Section 2 below, are made for, and in full satisfaction of PEG and any related programming obligations upon renewal, and subject to any subsequent renewals of the Franchise (the sum total of which shall not exceed fifteen (15) years). 2