A Class II licence shall be terminated on any of the following grounds:

(a) failure to pay the annual licence fee for 2 consecutive calendar years;

(b) failure to pay the annual fixed charge for the use of the radio

frequency for 2 consecutive calendar years;

(c) failure to provide the service licensed for· 3 consecutive months

without the authorization of the Authority;

(d) upon the death, dissolution or bankruptcy of the licensee; or

(e) Upon the expiry of the licence.