§ XIV. ASSIGNMENT.
Latest version.
Company's right, title, or interest in the franchise shall not be sold, transferred, assigned, or otherwise encumbered without the prior written consent of the City, which consent shall not 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 rights, title, or interest of Company in the franchise or cable system in order to secure indebtedness.