A. If, subject to the provisions of the Cable Act, a renewal of a license is denied, the Town may purchase, to the extent permitted by Federal law and upon payment to the grantee of the cable systems’ fair market value as a going concern, exclusive of any value allocated to the license itself, that portion of grantee’s cable system serving the Town of Oro Valley.

B. Subject to the Cable Act, if a license is revoked for cause, the Town may, to the extent permitted by Federal law, acquire that portion of the cable system serving the Town of Oro Valley upon payment of an equitable price. ((O)07-35, 09/05/2007)