Ordinances-1988-149

of any actual or alleged loss, damage or injury related to or connected with, (directly or indirectly): (a) any injury to or death of any person, or loss, damage, or injury to any property of the Grantee. (b) any non-observance by the Grantee of the provisions of any laws, statutes, ordinances, resolutions, regulations, or rules duly promulgated by any governmental entity which may be applicable directly or indirectly, to rights, privileges, and authority, and under the obligations and liabilities, assumed by the Grantee under the franchise. (c) any non-observance by the Grantee of any of the terms and conditions of the franchise. (d) the granting of the franchise. SECTION 7. Assignment. The Grantee shall not assign or transfer any right granted under this ordinance to any other person, company, or corporation without prior consent of the City Council, which consent shall not be unreasonably withheld, provided that the Grantee shall have the right to assign the provisions of this ordinance to a corporation wholly owned by the Grantee, or to a limited partnership of which the Grantee is a general partner, without prior consent of the City. SECTION 8. Insolvency of Grantee. In the event that the Grantee shall become insolvent, be declared a bankrupt, or the property of the Grantee shall come into the possession of any receiver, assignee, or other officers acting under an order of court, and such receiver, assignee, or other such officer shall not be discharged within sixty (60) days after taking possession of such property, the City may, at its option, terminate the franchise by giving written notice thereof to the Grantee. SECTION 9. Default of Grantee. In the event that Grantee shall fail to comply with any terms and conditions of the franchise within thirty (30) days after receipt of notice in writing from the City specifying the failure or default, the City may, at its