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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, 2Q01. <br />2. The Franchising Authority confirms that; <br />(a) the franeh~.se held by the franchisee is <br />valid and ~.n full farce and effect. <br />(b) the franchisee will be i.n material <br />compliance with the franchise if the other <br />conditions set Earth in th~.s Resolution are <br />met. ~ .. <br />3 . TWEA,N <br />(a} agrees to be bound by the franchise and <br />perfoxm all dut~.es anal 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 TWEAK 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, perma.ts and other authority <br />necessary for lawful operation .and <br />Yaaintenance of the cable system. <br />4. The past performance of TwEAN 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. TWEAK and its new parent, AOL-TW <br />agree to be responsibly 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 />