§ 4.28.09. Approval of transfer of this franchise.

Latest version.

The company shall have the right to transfer or assign this franchise effective upon the assignee or transferee filing in the office of the city clerk an instrument, lawfully executed, reciting the fact that such assignee or transferee has accepted this franchise and agreeing to be bound by each and every one of the terms and provisions hereof. The company shall have the right to mortgage or pledge a portion or all of the network in order to secure financing of the company's operations obtained in the ordinary course of business of the company. Notwithstanding the foregoing, no assignment, mortgage or pledge entered into by the company shall relieve any person, including the assignee, mortgagor or pledgor, of any of the terms and conditions of this agreement. Should any person, including the company, default or otherwise be deemed in violation of the terms of this agreement, the city shall be permitted to exercise all its rights, privileges and remedies pursuant to this agreement.

( Ord. No. 2015-42 , § 9, 11-17-2015)

                    
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