This Agreement may be assigned by Grantee without any approval or consent of the City to Grantee’s principal, affiliates, subsidiaries of its principal or to any entity which acquires all or substantially all of Grantee’s assets in the market defined by the FCC in which the PROW is located by reason of a merger, acquisition or other business reorganization provided that such acquiring entity is bound by all of the terms and conditions of this Agreement. As to other parties, this Agreement may not be sold or assigned without the written consent of the City which shall not be unreasonably withheld. In the event of any transfer or assignment of either this Agreement or Grantee’s business or assets, Grantee shall timely notify the City of the successor entity; provide a point of contact for the successor entity; and advise the City of the effective date of the transfer or assignment. Additionally, Grantee’s obligations under this Agreement with regard to indemnity, bonding and insurance shall continue until the transferee or assignee has taken the appropriate measures necessary to assume and replace the same, the intent being that there shall be no lapse in any coverage as a result of the transfer or assignment. (Ord. 20044 § 17, 12-20-16.)