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<br /> <br /> <br /> <br /> <br /> <br /> such change, transfer, ar_ acaluisition of control, the City <br /> <br /> may inquire into the qualifications ci the prospective <br /> cortrolling party, and the grantee shall assist the City in <br /> <br /> any such inquiry. <br /> <br /> <br /> (c) The consent or approval o£ the City Council ta ar_y <br /> <br /> transfer of the Fr_anchise shall not constitute awaiver or <br /> <br /> release of the rights of the Ci_ty in and to the streets, <br /> <br /> and transfer shall by its terms be expressly suborciinate to <br /> the terms and conditions of this Franchise. <br /> <br /> <br /> <br /> (d) The City Council reserves the right to review the <br /> purchase pr_ice of any proposed transfer cr assignment of the <br /> <br /> cable system. Any assignee to this Franchise express7_y <br /> <br /> agrees that any negotiated sale value i_f ur_reasonable will <br /> <br /> not be considered in the rate base for any subsen,uent <br /> r.equest for rate increases. <br /> <br /> <br /> <br /> (e) In na event shal.l a transfer of ownership or <br /> <br /> control be appreveci without successor in interest becoming a <br /> si_gnatory to this Franchise agreement. <br /> <br /> <br /> <br /> Section 17. Fe.e. <br /> <br /> <br /> Grantee shall pay tc) thE City of Faris a sum equal to <br /> <br /> three pE,rcent of the gross receipts, exclusive of <br /> installati.or charges, collected by it as and for its monthly <br /> <br /> ser.vice charges for the transmissicn and distribution of the <br /> <br /> signals of television and radio brcadcast szgnals and the <br /> <br /> provision oi nonbroadcast services it is required to provide <br /> by the FCC from its central recei.ving and distributior_ <br /> <br /> statian to be locatea ir or near the Cztv of Paris to <br /> <br /> residential and comriercial users of saic3 gra.ntee located in <br /> said city for the proceding calendar year, such annual <br /> <br /> frar:chise payments being C'ue and payable on or before <br /> <br /> <br /> <br /> <br /> Page No. 14 <br />