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86-025
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86-025
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5/8/2007 1:17:44 PM
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11/14/2006 9:57:08 AM
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<br />3. <br /> <br />. <br /> <br />. <br /> <br />That the Commission's recommendation and acceptance <br />thereof by the Member Cities shall be null, void .and <br />of no effect should Group W on or before May 7, 1986, <br />fail to provide indemnity to the Commission and Cities, <br />in the form as set forth in Exhibit A attached hereto, <br />with such modifications as may be approved by the <br />Commission's counsel, against any claims alleging or <br />arguing that the recommendation or approval of the stock <br />transfer transaction is also an approval, either express <br />.or implied, as to any subsequent transfer of ownership <br />or control of the Cable Communications Franchise <br />Ordinances or the System to North Central Cable <br />Communications, L.P., or to any other entity or <br />individual. <br /> <br />4. That this approval is specifically conditioned upon <br />payment in full prior to an actual closing of the stock <br />transfer transaction in June, 1986, - of all expenses <br />incurred by the Commission related to the Request for <br />Approval of Transfer dated February 4, 1986, including <br />those related expenses incurred prior to receipt thereof, <br />but incurred in preparation for the receipt of the <br />Request for Approval. <br /> <br />The above listed resolution was <br />Director Weyandt <br />by Commission Director <br /> <br />moved by Commission <br />and duly seconded <br /> <br />Foley <br /> <br />. <br /> <br />The following Commission Directors voted in the <br /> <br />affirmative: <br />Brandt, Eggert, Vellella, Skelly, Bauer, Foley, Linebarger, <br />Kaeding, Weyandt. <br /> <br />-9- <br />
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