Ordinance No. 19359 - Laserfiche WebLink

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such change, transfer, or acquisition of control, the Grantor may authorize the commission to inquire into the qualifications of the prospective cantrol- 1 i ng party, and the Grantee steal 1 assist the commission i n any such inquiry. If the Grantor does not authorize an inquiry by the commission within 3D days after notice of the change or proposed change is received from the Grantee, the Grantor shall be deemed to have consented. ~2} Grantor's Ri ht to Purchase of System U an Termination. 1n the event that the Grantor terminates the franchise prior to the end of the fran- chise term, the Grantar shall have the right to purchase the cable communica- tions system at a price not to exceed the original cast of Grantee's property less accumulated depreciation. This value shall be determined by the Grantor in accordance with generally accepted appraisal and accounting principles. Under no circumstances shall any valuation be made for "good will" or any right or pri vi 1 ege granted by this permit. ~3} Continuity of Service Mandatory. ~a} 1t steal 1 be the right of al 1 subscribers to continue re- ceiving service insofar as their financial and other obligations to the Grantee are honored. 1n the event that the Grantee elects to overbuild, re- build, modify, or sell the system, or the Grantor gives notice of intent to terminate this franchise, ar if this franchise is not renewed, the Grantee shall do everything in its power to ensure that all subscribers receive con- tinuous, uninterrupted service regardless of the circumstances. 1n the event of a change of Grantee, or in the event a new operator acquires the system, the current Grantee shall cooperate with the Grantor in maintaining continuity of service to al i subscribers, and steal 1 be entitled to the reve~ Hues for any period during which Grantee operates the system. Amended by Grdinance No. 19359, 1D/14/85.} fib} In the event the Grantee fails to operate the system for 7 consecutive days without prior approval of the commission or without just Grdinance - 3~