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. . . . Ordinance No. 117S, Page 20. to the contrary, Grantee shall at all times comply with all laws, rules and regulations of the state and federal governments and any administrative agencies thereof. If any such state or federal law, rule or regulation shall require or permit Grantee to perform any service or shall prohibit Grantee from performing any service in conflict with the provisions of this franchise or any other ordinance, rule, regulation or charter provision of City, then immediately following knowledge thereof Grantee shall notify City Commission in writing of the point of conflict believed to exist between such state or federal law, rule or regulation and this franchise or any ordinance, rule, regulation or charter provision of the City. If City Commission determines that a material provi- sion of this franchise does in fact conflict with such state or federal law, rule or regulation, it shall have the right to modify any provision hereof to such reasonable extent as may be necessary to carry out the full intent and purpose of this franchise. Section 18: MODIFICATIONS BY FCC: JURISDICTION OF FCC. It is specifically agreed by City and Grantee that any . modifications of the provisions of this franchise resulting from amendment of the rules and regulations of the FCC shall be incor- porated into this franchise by City Commission within one year of the adoption of the amendment by the FCC, or at the time of the renewal of this franchise whichever occurs first. Should the FCC lose or vOluntarily abdicate regulatory jurisdiction over any aspect of CATV, City Commission shall be empowered to assume regulatory jurisdiction over any such deregulated aspects, pro- vided that City's regulation is not contrary to local, state or federal law. .