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I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />S~CTION 2. PBOCF~Yj~ <br /> <br /> The procedures fc~ the City's election to exercise its rights to <br />purchase the System are oontained in Section 2. The procedure provides for <br />City's right to accept the terms of a pending purchase offer, or the appointment <br />of an arbitration panel to establish the terms and conditions of the sale. <br /> <br />ARPICLE XII. MISCRT,TANEOUS <br /> <br /> Ownership in the system may not be transfered without the prior writ- <br />ten consent of the City. The procedures for notifying the City of the transfer <br />of c~nership, and City evaluation of said transfer, are provided for in <br />Section 1. <br /> <br /> The City shall have the right to require Group W to remove, at Group <br />W's expense, a]l or any portion of the System within City upon the revocation or <br />termination of the franchise pursuant to the terms and procedures of Section 2. <br /> <br />S~CI~I~ 3. { P~ BY OT~F~S <br /> <br /> Group W must inform the City of the names and addresses of any entity <br />other than Group W which shall perform services pursuant to the franchise. <br /> <br /> For the purpcses of the franchise, prime rate sh~]3 mean the interest <br />charged from time to time by the First National Bank of Minneapolis for ninety <br />day unsecured loans to ocmTnercial borrowers of the highest credit rating. <br /> <br />SMX/~ICN 5. (~Z;ERAL PNfY~rIsION (lq RI(~]~S AND lq~ZMED~ <br /> <br /> Ail remedies and rights given to City by the franchise are in addition <br />to any other rights which City might otherwise have regarding the System or <br />Group W. <br /> <br /> The franchise must at ~]l times be in compliance with the rules of the <br />State Cable Board and roll laws, ~rdinances and regulations of federal, state and <br />city government relating to the cable television system and the franchise. If <br />any provision of this franchise is declared invalid or void, that section may be <br />severed from the franchise with the remaining sections in f~ll force and effect. <br />If the City determines that a provision of the franchise is affected by law, <br />ordinance or regulation, City shall have the right to amend, modify alter <br /> <br />-8- <br /> <br /> <br />