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to the Proposed Transaction. <br /> 1.12 GreatLand assures that it will cause to be made available adequate financial resources to <br /> allow Franchisee to meet its obligations under the Franchise Documents, including <br /> without limitation operational and customer service requirements. <br /> 1.13 The City is not waiving any rights it may have to require franchise fee payments on <br /> present and future services delivered by GreatLand or its subsidiaries and affiliates via <br /> the cable system; <br /> 1.14 The City is not waiving any right it may have related to any net neutrality, open access, <br /> and information services issues; <br /> .1.15 Receipt of any and all state and federal approvals and authorizations; <br /> 1.16 Actual closing of the Proposed Transaction consistent with the transfer application; and <br /> Section 2. If any of the conditions or requirements specified in this Resolution are not <br /> satisfied, then the City's consent to, and approval of, the Transfer Application and Proposed <br /> Transaction is hereby DENIED and void as of the date hereof. <br /> Section 3. If any of the written representations made to the NMTC in the Transfer <br /> Application proceeding by (i) Comcast of Minnesota, Inc., (ii) Comcast or (iii) GreatLand, (iv) <br /> any subsidiary or representative of the foregoing prove to be materially incomplete, untrue or <br /> inaccurate in any material respect, it shall be deemed a material breach of the Franchise <br /> Documents and applicable law, and subject to the remedies contained in the Franchise <br /> Documents and applicable law. <br /> Section 4. This Resolution shall not be construed to grant or imply the City's consent to <br /> any other transfer or assignment of the Franchises or any other transaction that may require the <br /> City's consent under the Franchise Ordinances or applicable law. The City reserves all its rights <br /> with regard to any such transactions. <br /> Section 5. This Resolution is a final decision on the Transfer Application within the <br /> meaning of 47 U.S.C. § 537. <br /> Section 6. The transfer of control of the Franchise from Comcast to GreatLand shall not <br /> take effect until the consummation of the Proposed Transaction. <br /> Section 7. This Resolution shall be effective immediately upon its adoption by the City. <br /> 4 <br />