Common use of No Assignment without City Consent Clause in Contracts

No Assignment without City Consent. Rights granted to Licensee hereunder may not be assigned, transferred, sold, or disposed of by Licensee without the prior written consent of City. Notwithstanding the foregoing, this Agreement and/or any permits may be sold, assigned or transferred by Licensee, without advance notice to or the consent of City, to (i) any entity in which Licensee holds a controlling or similar interest; (ii) any entity which holds a controlling equity or similar interest in Licensee; or (iii) any entity under common control with Licensee, all of which are referred to herein as “affiliated entities.” Licensee shall provide written notice to the City within thirty (30) days of Licensee completing a transaction with an affiliated entity. Prior to this Agreement and/or any permits being sold, assigned or transferred by Licensee to a non-affiliated entity, Licensee must notify the City and obtain prior written consent from the City in the event any entity wishes to acquire all or substantially all of Licensee’s assets in the market defined by the FCC in which the subject facilities are located by reason of a merger, acquisition or other business reorganization, and agrees to comply with federal, state, and local laws.