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RESOLUTION NO. 2005-18 <br />PAGE TWO <br />SECTION 2. Council hereby acknowledges that the Franchise currently is in full <br />force and effect as of this date. <br />SECTION 3. Upon approval of the Bankruptcy Court and the closing of the <br />transaction between Adelphia and TWNY, TWNY agrees to assume all of the terms, <br />conditions and obligation under the Franchise Agreement, including but not limited to the <br />requirement to be in good standing in the State of Ohio, to post all required bonds, and <br />maintain required insurances. <br />SECTION 4. Council's grant of the Assignment Application and its consent to the <br />Assignment Agreement to TWNY herein provided shall be effective immediately, and <br />TWNY shall notify Council promptly upon the closing the Transaction. <br />SECTION 5. The Council finds and determines that all formal actions of the <br />Council relating to the adoption of this Resolution have been taken at open meetings of <br />this Council; and that deliberations of this Council and of its committees, resulting in <br />such formal action, took place in meetings open to the public in compliance with all <br />statutory requirements including the requirements of Section 1. 2 of the O io evised <br />Code. <br />,I <br />LIAM BUCKHOLTZ, <br />Council President <br />First Reading: s,eptember 26 , 2005 <br />Second Reading: suspended , 2005 <br />Third Reading: suspended , 2005 <br />p: September~26 ~ ,2005 <br />BRUCE G. RIN <br />Y APPROVED AS TO FORM: ATTEST: <br />. ~~~ ~. <br />SE H W. DIEMERT, JR. ~ d'lary ~. f~~C~ <br />Director of Law Acting Clerk of Council <br />X1Ma~eId1MFV Legis~200.5 Legis\CABLE RESOLUTION INTRODUCED BY.doc <br />2 <br />