Franchise Valuation Sample Clauses

Franchise Valuation. Under circumstances where Grantee forfeits the Franchise, when renewal of the Franchise has been denied by the City, the City may purchase the system for its fair market value, determined on the basis of the system as a going concern, with no value allocated to the franchise itself. Under circumstances where the Franchise has been revoked for cause by the City, the acquisition shall be at an equitable price in accordance with 47 U.S.C.§ 547. Equitable price shall mean Fair Market Value adjusted downward for the harm to the City or Subscribers, if any, resulting from a Grantee’s breach of its Franchise Agreement or violation of the Cable Ordinance and as further adjusted to account for other equitable factors that may be considered consistent with 47 U.S.C. § 547
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