§ A252-9. Assignment of rights.

This permit shall be held in trust by General Electric Cablevision Corporation or its successor in interest; provided, however, that it may assign its right, title and interest hereunder to another corporation or lawful business entity through the sale of stocks or assets or otherwise, provided that prior approval of such assignment shall be obtained from the Board of Trustees of the Village of Scotia, which said approval shall not be unreasonably withheld, provided that such other corporation or lawful business entity is duly authorized to receive such assignment and agrees to undertake and assume all the obligations of the original corporation hereunder subject to all of the terms and conditions of this permit. In the event that such assignment takes place with such consent, then immediately upon the delivery to the Board of Trustees of the Village of Scotia of the aforesaid assumption agreement, duly executed by the assignee, all of the rights, obligations and privileges herein granted to the permittee shall forthwith devolve upon the assignee, who shall in all respects stand in the place and stead of the original corporation hereunder.