All permits granted pursuant to this chapter are temporary in nature and may not be transferred. Any permit issued pursuant to this chapter may be suspended or revoked by the Borough Administrator or his designee at any time when by reason of emergency, disaster, calamity, disorder, riot, extreme conditions, violation of this chapter or of any permit conditions, or undue burden on public services, it is determined that the health, safety, tranquillity, morals or welfare of the public or the safety of any property requires such suspension or revocation. Continuance of a carnival after the permit therefor has been suspended or revoked shall be unlawful.