Ordinance No. 19359 - Laserfiche WebLink

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process of law and a full opportunity to be heard consistent with the hearing procedures set forth in Eugene Code Sections 2.39~-~~.4GC as such procedures exist at the time this ordinance is adopted. Any such ordinance shall not take effect sooner than 30 days after passage and shall be subject to judi- cial review. Section 1~. Chan e of Dwnershi . ~~} Transfers. aid ,,Ass.~_g.,nments. ~a) This franchise shall not be assigned or transferred, either in whole or in part, ar leased, sublet, or mortgaged in any manner, nor shall title hereto, either legal or equitable, or any right, interest, or property therein, pass to or vest in any person without the prior written con- sent of the Grantor. Grantee may, however, transfer or assign the franchise to a wholly-owned subsidiary of the Grantee and such subsidiary may transfer ar assign the franchise back to the Grantee without such consent. The pro- posed assignee must show financial responsibility as determined by the Grantor and must agree to comply with ali provisions of the franchise. Grantor shall be deemed to have consented to a proposed transfer or assignment in the event its refusal to consent is not communicated in writing to Grantee within 60 days following receipt of written notice of the proposed transfer or assign- meat. ~b~ The Grantee shall promptly notify the Grantor of any actual or proposed change in, or transfer of, ar acquisition by any other party of, control of the Grantee. The ward "control" as used herein is not limited to major stockholders but includes actual working control in whatever manner exercised. Every change, transfer, or acquisition of control of the Grantee shat l make the franchise subject to cancel 1 ati on unless and unti 1 the Grantor shall have consented thereto, which consent will not be unreason- ably withheld. For the purpose of determining whether it shall consent to Drdinance - 31