Ordinance 3302-12 - Laserfiche WebLink

• that such proposed successor shall have the same or greater financial qualifications as has Grantee as of the effective date of this Franchise or at the time of such sale, assignment,or transfer, whichever financial qualifications are greater. The proposed assignee or transferee must agree in a duly notarized writing to comply with all of the provisions of the Franchise. Further,Grantee may pledge the assets of the Telecommunications System for the purpose of financing without the consent of the City;provided that such pledge of assets shall not impair or mitigate Grantee's responsibilities and capabilities to meet all of its obligations under the provisions of this Franchise. F. Grantee may sell or issue securities to its employees,or to the public, or in a private placement to private investors, in accordance with applicable law,without the consent of the City,provided, however,that such sale or issuance of securities is not likely to adversely affect the ability of Grantee to perform all of its obligations under the Franchise. 13. MISCELLANEOUS PROVISIONS 13.1. Notices Throughout the term of the Franchise, each party shall maintain and file with the other a local address for the service of notices by mail. All notices shall be sent postage prepaid to such respective address and such notices shall be effective upon the date of mailing. The City or the Grantee may change these addresses by written notice at any time. At the Effective Date of this Franchise: Grantee's address shall be: Zayo Group,LLC 400 Centennial Parkway, Suite 200 Louisville, CO 80027 Attn: General Counsel,ZFTI The City's address shall be: City of Everett Paul McKee 3200 Cedar St. Everett, WA 98201 13.2. Descriptive Headings The headings and titles of the Sections and subsections of this Franchise are for reference purposes only, and shall not affect the meaning or interpretation of the text herein. 13.3. Costs and Expenses to be Borne by Grantee 28 of 30