A.   It shall be the right of all subscribers to continue receiving service as long as their financial and other obligations to the grantee are honored. If the grantee elects to overbuild, rebuild, modify or sell the system, or the Village gives notice of intent to terminate or fails to renew the franchise, the grantee shall act so as to ensure that all subscribers receive continuous, uninterrupted service regardless of the circumstances for a period not to exceed twelve (12) months after the franchise agreement has terminated.
   B.   If there is a change of franchise, or if a new operator acquires the system, the grantee shall cooperate with the Village, new grantee or operator in maintaining continuity of service to all subscribers. During such period, the grantee shall be entitled to the revenues for any period during which it operates the system, and shall be entitled to reasonable costs for its services until it no longer operates the system.
   C.   If the grantee fails to operate the system for seven (7) consecutive days without prior approval of the Village or without just cause, the Village may, at its option, operate the system or designate an operator until such time as the grantee restores service under conditions acceptable to the Village or a permanent operator is selected. If the Village is required to fulfill this obligation for the grantee, the Village shall be entitled to all revenues for any period during which it operates the system and the grantee shall reimburse the Village for all reasonable costs or damages in excess of revenues from the system received by the Village that are the result of the grantee's failure to perform. (Ord. 98-2054, 9-28-1998)