At the expiration of the present and all subsequent renewal terms which the franchise is granted, or upon its revocation, as provided for, the grantee shall have the right to remove, at grantee's expense, all or any portion of the system from all streets and public property within the Township. In so removing the system, grantee shall refill and compact, at its own expense, any excavation that it shall make. All work in this section shall be subject to Township inspection. All costs associated with inspection shall be borne by grantee.
A. 
This franchise shall not be sold, assigned, or transferred, either in whole or in part, or leased or sublet in any manner, nor shall title hereto, either legal or equitable, or any right, interest, or property therein, pass to or vest in any person without full compliance with the procedures set forth in this section and the express approval of the Board of Supervisors.
B. 
The provisions of this section shall apply to the sale or transfer of 5% or more of grantee's assets, mergers (including any parent or subsidiary corporation), consolidation, or sale or transfer of stock in grantee so as to crate a new controlling interest. The term "controlling interest," as used herein, is not limited to majority stock ownership, but includes actual working control in whatever manner exercised.
(1) 
Parties to the sale or transfer shall make written request to the Township for the approval of a sale or transfer. Parties shall submit to the Township all necessary documents for the Township to property evaluate the financial and operational capability of the companies involved.
(2) 
The Township shall reply in writing within 60 days of the request and shall indicate approval of the request or its determination that a public hearing is necessary due to potential adverse effect of the grantee's subscribers.
(3) 
If a public hearing is deemed necessary pursuant to (above) such hearing shall commence within 60 days of such determination and notice of any such hearing shall be given 14 days prior to the hearing by publishing notice thereof, and those shall contain the date, time, and place of the hearing and shall briefly state the substance of the action to be considered by the Township.
(4) 
Within 30 days after the closing of the public hearing, the Township shall approve or deny in writing the sale or transfer request.
(5) 
Within 30 days of any transfer, grantee shall file with the Township a copy of the deed, agreement, mortgage, lease, or other written instruments evidencing such sale, transfer of ownership or control, or lease, certifying and sworn as to be correct by the grantee.
C. 
In reviewing requests for sale or transfer pursuant to Paragraph a above, the Township may inquire into legal, technical, financial, or other qualifications that the Township may deem necessary of the perspective controlling party, and grantee shall assist the Township in so inquiring. Upon demonstration of the transferee's qualifications as set forth above, the Township shall approve/deny the sale/transfer. The Township shall not unreasonably delay or withhold approval. In no event shall a transfer or assignment of ownership or control be approved without the transferee's becoming a signature of this franchise.