5122

COUNTY LOCAL LAWS

ALL OR SUBSTANTIAL PART OF THE SYSTEM, OF UPON
NOTIFICATION OF THE TERMINATION OF ANY LEASE COVERING ALL
OR A SUBSTANTIAL PART OF THE SYSTEM, THE COMPANY SHALL
IMMEDIATELY NOTIFY THE GRANTING AUTHORITY OF SUCH FACT,
AND SUCH NOTIFICATION SHALL BE TREATED AS A NOTIFICATION
THAT A CHANGE IN CONTROL OF THE COMPANY MAY TAKE PLACE,
AND THE PROVISION OF THIS ARTICLE, GOVERNING THE CONSENT
OF THE COUNTY TO SUCH CHANGE IN CONTROL OF THE COMPANY,
SHALL APPLY UPON THE HAPPENING OF SUCH EVENT.

SECTION 6.22. RECEIVERSHIP.

(A) THE GRANTING AUTHORITY SHALL HAVE THE RIGHT TO
CANCEL THIS FRANCHISE ONE HUNDRED TWENTY (120) DAYS AFTER
THE APPOINTMENT OF A RECEIVER OR TRUSTEE, TO TAKE OVER
AND CONDUCT THE BUSINESS OF THE COMPANY, WHETHER IN
RECEIVERSHIP, REORGANIZATION, BANKRUPTCY, OR OTHER ACTION
OR PROCEEDING, UNLESS SUCH RECEIVERSHIP OR TRUSTEESHIP
SHALL HAVE BEEN VACATED PRIOR TO THE EXPIRATION OF SAID
ONE HUNDRED TWENTY (120) DAYS, OR UNLESS:

(1)    WITHIN ONE HUNDRED TWENTY (120) DAYS
AFTER HIS ELECTION OR APPOINTMENT, SUCH RECEIVER OR
TRUSTEE SHALL HAVE FULLY COMPLIED WITH ALL THE PROVISIONS
OF THIS ACT AND REMEDIED ALL DEFAULTS THEREUNDER; OR

(2)    SUCH RECEIVER OR TRUSTEE, WITHIN SAID
ONE HUNDRED TWENTY (120) DAYS SHALL HAVE EXECUTED AN
AGREEMENT, DULY APPROVED BY THE COURT HAVING JURISDICTION
IN THE PREMISES, WHEREBY SUCH RECEIVER, OF TRUSTEE
ASSUMES AND AGREES TO BE BOUND BY EACH AND EVERY
PROVISION OF THIS ACT.

SECTION 6.23. RESTRICTIONS AGAINST TRANSFERS.

(A)    THE FRANCHISE SHALL NOT BE ASSIGNED OR
TRANSFERRED, EITHER BY THE ACT OF THE COMPANY OR BY
OPERATION OF LAW, WITHOUT THE CONSENT OF THE GRANTING
AUTHORITY. THE GRANTING, GIVING OR WAIVING OF ANY ONE OF
MORE OF SUCH CONSENTS SHALL NOT RENDER UNNECESSARY ANY
SUBSEQUENT CONSENT OR CONSENTS.

(B)    THE COMPANY SHALL PROMPTLY NOTIFY THE GRANTING
AUTHORITY OF ANY ACTUAL OR PROPOSED CHANGE IN, OF
TRANSFER OF, OR ACQUISITION BY ANY OTHER PARTY OF,
CONTROL OF THE COMPANY. THE WORD "CONTROL" AS USED
HEREIN INCLUDES ACTUAL WORKING CONTROL IN WHATEVER MANNER
EXERCISED. EVERY CHANGE, TRANSFER, OR ACQUISITION OF
CONTROL OF THE COMPANY SHALL MAKE THE FRANCHISE SUBJECT
TO CANCELLATION UNLESS AND UNTIL THE GRANTING AUTHORITY
SHALL HAVE CONSENTED THERETO. FOR THE PURPOSE OF
DETERMINING WHETHER IT SHALL CONSENT TO SUCH CHANGE,
TRANSFER, OR ACQUISITION OF CONTROL, THE GRANTING
AUTHORITY MAY INQUIRE INTO THE QUALIFICATIONS OF THE