Grantee's right, title, or interest to the franchise shall not be sold, transferred, assigned or otherwise encumbered, other than to an affiliate of the grantee, without the prior consent of the franchise authority, such consent not to be unreasonably withheld. No such consent shall be required, however, for a transfer in trust, by mortgage, by other hypothecation, or by assignment of any right, title, or interest in grantee in the franchise or cable system in order to secure indebtedness. (Ord. 94-4, 8-1-1994)
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