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<br /> <br /> <br /> <br /> <br /> <br /> such change, transfer, or acquisition of control, the City <br /> <br /> may inquire into the qualifications of the prospective <br /> controlling party, and the grantee shall assist the City in <br /> <br /> any such inquiry. <br /> <br /> <br /> (c) The consent or approval of the City Council to any <br /> <br /> transfer of the Franchise shall not constitute a waiver or <br /> <br /> release of the rights of' the City in and to the streets, <br /> <br /> and transfer shall by its terms be expressly subordinate to <br /> thP terms and conditions of this Franchise. <br /> <br /> <br /> <br /> (d) The City Counci.l reserves the right to review the <br /> purchase price of_ any proposed transfer or assignment of the <br /> <br /> cable system. Any assignee to this Franchise expressly <br /> <br /> agrees that any negotiated sale value if unreasonable will <br /> <br /> not be considered in the rate base for any subsequent <br /> request for rate increases. <br /> <br /> <br /> <br /> (e) In no event shall a transfer of ownership or <br /> cantrol be approved without successor in interest Uecoming a <br /> <br /> signatory to this Franchise agreement. <br /> <br /> <br /> <br /> Section 17. Fee. <br /> <br /> <br /> Grantee shall pay to the City of Paris a sum equal to <br /> <br /> three (3) percent of t:he gross receipts, exclusive of <br /> installation charges, collected by it as and for its monthly <br /> <br /> service charges for the transmission and distribution of the <br /> <br /> signals of television and radio broadcast signals and the <br /> <br /> provision of nonbroadcast services it is required to provide <br /> by the FCC from its central receiving and distribution <br /> <br /> station to be located in or near the City of Paris to <br /> <br /> residential and commercial users of said grantee located in <br /> said city for the proceding calendar year, such annual <br /> <br /> franchise payments being due and payable on or before <br /> <br /> <br /> 14 <br />