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16.6 Permitted Assignment. <br />16.6.1 Defined. The City agrees that Licensee will be permitted to enter into an <br />Assignment of this Master License and Pole Licenses issued under it (a "Permitted <br />Assignment"), without the City's prior consent but with notice to the City as provided <br />below, to: (i) an Affiliate; (ii) a Subsidiary; (iii) an entity that acquires all or substantially all <br />of Licensee's assets in the market in which the License Area is located (as the market is <br />defined by the FCC under an order or directive of the FCC); (iv) an entity that acquires <br />Licensee by a change of stock ownership or partnership interest; or (v) an entity <br />Controlled by Licensee or that, with Licensee, is under the Common Control of a third <br />party. <br />16.6.2 Conditions. A Permitted Assignment is subject to the following conditions: <br />16.6.2.1 The Assignee uses the License Area only for the Permitted <br />Use and holds all Regulatory Approvals necessary to lawfully install, <br />operate, and maintain Equipment on the License Area. <br />16.6.2.2 Licensee provides the City with notice within ninety (90) days <br />following the effective date of the Permitted Assignment, stating the contact <br />information for the proposed Assignee and providing financial information <br />establishing that the proposed Assignee meets the capital and fiscal <br />qualifications stated in this Section. <br />16.6.2.3 Licensee is in good standing under this Master License. <br />16.7 Intentionally Omitted. <br />17 DEFAULT <br />17.1 Events of Default by Licensee. <br />Any of the following will constitute an event of default by Licensee under this Master <br />License and any Pole Licenses issued under it: <br />17.1.1 Nonpayment of Fees. Licensee fails to pay any License Fee or <br />Additional Fees as and when due, if the failure continues for thirty (30) days after written <br />notice from City to Licensee of such failure. <br />17.1.2 Lapsed Regulatory Approvals. Licensee fails to maintain all Regulatory <br />Approvals required for the Permitted Use, if the failure continues for 10 days after written <br />notice from City to Licensee of such failure. <br />17.1.3 Prohibited Assignment. Licensee enters into an Assignment in violation <br />of Article 16 (Assignment). <br />17.1.4 Interference with City. Licensee interferes with the City's operations in <br />violation of Section 27.5.1 (Licensee's Obligation Not to Cause Interference) for a period <br />of 10 days after written notice thereof from City to Licensee. <br />17.1.5 Failure to Maintain Insurance. Licensee fails to maintain insurance as <br />required by Article 19 (Insurance). <br />17.1.6 Failure to Cure. Licensee fails to cure noncompliance with the specified <br />requirements of this Master License after initial and follow-up notices. or to pay the <br />Default Fees as set forth in Subsection 17.2.4 (Default Fees). <br />17.1.7 Other Terms. Licensee fails to perform or comply with any other <br />obligation or representation made under this Master License, if the failure continues for 30 <br />28 <br />