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Any Franchise shall be valid within all the municipal limits of the City, and within <br />any area added to the City during the term of the Franchise, unless otherwise specified <br />in the Franchise Agreement. <br />E. Federal or State Jurisdiction <br /> <br /> This Ordinance shall be construed in a manner consistent with all applicable <br />Federal and State laws, and shall apply to all Franchises granted or renewed after the <br />effective date of this Ordinance to the extent permitted by applicable law. <br />F. Franchise Non-Transferable <br /> <br /> (1) Grantee shall not sell, transfer, lease, assign or dispose of, in whole or in <br />part, either by fomed or involuntary sale, or by ordinary sale, contract, consolidation or <br />otherwise, the Franchise or any of the rights or privileges therein granted, without the <br />prior consent of the Council, which consent shall not be unreasonably denied, withheld <br />or delayed; provided, however, that the prior consent of the Council shall not be <br />required for an intracorporate or intracompany transfer from one wholly-owned <br />subsidiary to another wholly-owned subsidiary. Any attempt to sell, transfer, lease, <br />assign or otherwise dispose of the Franchise without the consent of the Council shall <br />be null and void. The granting of a security interest in any Grantee assets, or any <br />mortgage or other hypothecation or by assignment of any right, title or interest in the <br />Cable System in order to secure indebtedness, shall not be considered a transfer for <br />the purposes of this section. <br /> <br /> (2) The requirements of Subsection (a) shall apply to any change in control of <br />Grantee. The word "control" as used herein includes majodty ownership, and actual <br />working control in whatever manner exercised. In the event that Grantee is a <br />corporation, pdor consent of the Council shall be required where ownership or control <br />of more than twenty percent (20%) of the voting stock of the Grantee is acquired by a <br />Person or group of Persons acting in concert, none of whom own or control the Voting <br />stock of the Grantee as of the effective date of the Franchise, singularly or collectively. <br /> <br />7 <br /> <br /> <br />