17. Duration and Expiration of an Individual License 1) An Individual License issued under this Directive shall remain valid for a period of fifteen (15) years. 2) An Individual License shall expire unless renewed as provided in Article 18 of this Directive. 3) Where the Individual License is terminated at the expiration of its duration, the Individual Licensee shall immediately cease providing service upon the expiration of its License unless the Authority either permits or requires the Individual Licensee to continue providing service on a temporary basis. 18. Renewal of an Individual License 1) A renewal of an individual License for an additional period of fifteen (15) years is presumed to be provided where: a) The Licensee has fulfilled every License obligation; and, b) The Licensee has applied for renewal of its License with the necessary License renewal fees three (3) years prior to its expiration. 2) Should the Licensee of an Individual License opt not to renew its License, it shall fulfill the provisions of Article 24, Sub-Articles 1 (b), (c), and (d) of this Directive. 19. Surrender of Individual License 1) A Licensee who wishes to surrender a valid and subsisting Individual License shall: a) Give the Authority not less than a one (1)-year notice of its intention to surrender the Individual License prior to the date of actual submission of the written notice or the date determined by the Licensee on which surrender of the License will take effect; b) Provide written proof to the Authority that subscribers of the Licensee have been given a minimum of six (6) month notice of its intention to surrender the License and to terminate its operations; c) Furnish the Authority with details of arrangements made to migrate existing subscribers to another Licensee before the effective date of surrender; and, d) Provides an undertaking to the Authority that guarantees refunds to existing subscribers for prepaid services and has no outstanding obligation to any other Licensee or subscribers. 2) The Authority reserves the right to request any additional information or undertaking, as may be deemed necessary for proper consideration of an application to surrender a License. 3) The Authority may consider a Licensee’s applications to extend the time to surrender a License. 8