(d) Evidence of the undertaking required under section 9(e) of he Decree. Third Schedule Terms of a licence 1. A licence shall be valid for a period of five years in the first instance. 2. An application for the renewal of a licence shall be made to the Commission within a period of six months before the expiration of the licence. 3. A licence shall not be transferable and the licensed station shall not for such be changed without notifying commission of he intention and the reasons for such change. 4. The holder of a licence shall be entitled to operate only one station 5. A licence shall- (a) contain a schedule of proposed programmes over a given period of time e. g quarterly, (b) a local programme content which shall not be less than 40% and (c) a schedule shall be accompanied by a synopsis of each of the programme plans. 6. Each station shall keep a daily log of its transmitted programmes and the station log book shall include a transmitter output power and radiating frequencies. 7. Each station shall make available for inspection by the inspectorate staff of he commission its broadcast facilities including equipments and station log books. 8. A licence may be revoked by the Commission in the following cases, that is -