Common use of Transfer of Franchise Clause in Contracts

Transfer of Franchise. Transfer: Subject to Section 617 of the Communications Act, 47 U.S.C. § 537, and applicable federal regulations, no Transfer of the Franchise shall occur without the prior consent of the Township, provided that such consent shall not be unreasonably conditioned or withheld. No such consent shall be required, however, for a transfer in trust, by mortgage, by other hypothecation, by assignment of any rights, title, or interest of the Franchisee in the Franchise or Cable System in order to secure indebtedness, or for transactions otherwise excluded under Section

Transfer of Franchise. Transfer: Subject to Section 617 of the Communications Act, 47 U.S.C. § Section 537, and applicable federal regulations, no Transfer of the Franchise shall occur without the prior consent of the TownshipCity, provided that such consent shall not be unreasonably conditioned withheld, delayed or withheldconditioned. No such consent shall be required, however, for a transfer in trust, by mortgage, by other hypothecation, by assignment of any rights, title, or interest of the Franchisee in this Agreement or the Franchise or Cable System in order to secure indebtedness, or for transactions otherwise excluded under SectionSection 1.45 above.