Orange County NC Website
Browse       Search
22 <br /> Franchising Authority and the transferees agree to the <br /> following: <br /> 1. The Franchising Authority consents to Transaction <br /> Nos. 1 and 2, effective immediately upon the closing of the <br /> transactions contemplated by the agreements, provided that <br /> said closings take place prior to July 1, 2001. <br /> 2. The Franchising Authority confirms that: <br /> (a) the franchise held by the franchisee is <br /> valid and in full force and effect. <br /> (b) the franchisee will be in material <br /> compliance with the franchise if the other <br /> conditions set forth in , this Resolution are <br /> met. <br /> 3. TWEAN: <br /> (a) agrees to be bound by the franchise and <br /> perform all duties and obligations <br /> thereunder; <br /> (b) represents and warrants that it is able to <br /> provide and agrees to provide all services <br /> required under said franchise; <br /> (c) acknowledges and agrees that TWEAN is <br /> subject to the regulatory authority of the <br /> grantor as provided by state and federal <br /> law;. <br /> (d) agrees to cooperate fully with the <br /> Franchising Authority and to obtain from any <br /> governmental agency having jurisdiction, all <br /> licenses, permits and other authority <br /> necessary for lawful operation and <br /> maintenance of the cable system. <br /> 4 . The past performance of TWEAK under the control <br /> of TWI pursuant to the franchise is not waived by the <br /> Franchising Authority consenting to this transfer and <br /> adopting this Resolution. TWEAN and its new parent, AOL-TW <br /> agree to be responsible for and bound by the breaches and <br /> non-performance, if any, of TWI and its subsidiaries prior <br /> to this transfer. The Franchising Authority may, after <br /> 3 <br />