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E. In the event of a transfer, the City reserves the right to require a Corporate Guarantee in the form of Exhibit F upon a subsequent grantee. • 12.03 City's Right to Purchase System. The City shall be entitled to a right of first refusal of any bona fide offer to purchase the System made to Grantee. Bona fide offer, as used in this section, means a written offer which has been accepted by Grantee subject to the City's rights under this Franchise. The price to be paid by the City shall be the bona fide offer including the same terms and conditions as the bona fide offer. The City shall notify Grantee of its decision to purchase within sixty (60) days of the City's receipt from Grantee of a copy of the. written bona fide offer. 12.04 Purchase By City Upon Expiration or Revocation. A. At the expiration of this Franchise, in the event that the City validly denies the renewal of this Franchise, the City may, in lawful manner and upon the payment of fair market value, determined on the basis of the System as valued as a going concern exclusive of any value attributable to the Franchise itself, lawfully obtain, purchase, condemn, acquire, take over and hold the System. B. Upon the revocation of this Franchise, the City may in lawful manner and upon the payment of an equitable price lawfully obtain, purchase, condemn, acquire, take over and hold the System. C. Despite anything to the contrary elsewhere in this Franchise, • nothing in this Franchise shall prevent Grantee from exercising its rights under applicable federal and state law from attempting to prevent condemnation or acquisition of the System pursuant to this section and from seeking any appropriate judicial relief, either against the City or any individuals should an improper acquisition have taken place. SECTION 13. RIGHTS OF INDIVIDUALS PROTECTED 13.01 Grantee shall comply with all privacy provisions Section 631 of the Cable Act, 47 U.S.C. § 543, as amended: "Sec. 631. (a)(1) At the time of entering into an agreement to provide any Cable Service or other Service to a Subscriber and at least once a year thereafter, a cable operator shall provide notice in the form of a separate, written statement to such Subscriber which clearly and conspicuously informs the Subscriber of -- "(A) the nature of personally identifiable information collected or to be collected with respect to the Subscriber and the nature of the use of such information; 40