1. Right to Continuous Service. It shall be the right of all subscribers to continue receiving service insofar as their financial and other obligations to the grantee are honored. In the event that the grantee elects to overbuild, rebuild, modify, or sell the system, or the City gives notice of intent to terminate or fails to renew this franchise, the grantee shall act so as to ensure that all subscribers receive continuous, uninterrupted service. In the event of a change of grantee, or in the event a new operator acquires the system, the original grantee shall cooperate with the City, new grantee or operator in maintaining continuity of service to all subscribers. During such period, grantee shall be entitled to the revenue for any period during which it operates the system, and shall be entitled to reasonable costs for its services when it no longer operates the system.
2. Right of City to Operate System. In the event grantee fails to operate the system for seven consecutive days without prior approval of the City or without just cause, the City may, working in conjunction with any financial institution having a pledge of the franchise or its assets for the advancement of money for the construction and/or operation of the franchise, operate the system or designate an operator until such time as grantee restores service under conditions acceptable to the City or a permanent operator is selected. If the City is required to fulfill this obligation for the grantee, then during such period as the City fulfills such obligation, the City shall be entitled to collect all revenues from the system, and the grantee shall reimburse the City for all reasonable costs or damages in excess of the revenues collected by the City that are the result of the grantee’s failure to perform.