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Upon foreclosure of other judicial sale of all or a substantial part of the cable system, or upon the termination of any lease covering all or a substantial part of the system, the company shall notify the council of such fact, and such notification shall be treated as a notification that a change in control of the company has taken place, and the provisions of this franchise governing the consent of the city council to such change in control of the company shall apply. [Ord. 1998-09-075; Ord. 8999 § 44, 1981].