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comply with the terms and conditions of the Franchise Documents, or with applicable <br />law, except as set forth in the Franchise Settlement Agreement. <br />1.4 Subject to the Franchise Settlement Agreement, the City waives none of its rights with <br />respect to the Grantee's compliance with the terms, conditions, requirements and <br />obligations set forth in the Franchise Documents and in applicable law. The City's <br />approval of the Transfer Application shall in no way be deemed a representation by the <br />City that the Grantee is in compliance with all of its obligations under the Franchise <br />Documents and applicable law. <br />1.5 GreatLand shall provide the Commission with written notification that the Proposed <br />Transaction closed within ten (10) days after the closing. After closing, GreatLand and <br />Grantee will be bound by all the commitments, duties, and obligations, present and <br />continuing, embodied in the Franchise Documents and applicable law. The Proposed <br />Transaction will have no effect on these obligations. <br />1.6 GreatLand shall provide the City with a certificate or certificates of insurance evidencing <br />coverage as required by the Franchise Settlement Agreement and Franchise, and evidence <br />of assignment or replacement of the $100,000 performance bond required by the <br />Franchise, and evidence of assignment or replacement of the $25,000 irrevocable and <br />unconditional letter of credit required by the Franchise, all within thirty (30) days after <br />consummation of the Proposed Transaction. <br />1.7 GreatLand shall provide an executed written certification in the form attached hereto <br />within thirty (30) days after consummation of the Proposed Transaction, guarantying the <br />full performance of the Grantee. <br />1.8 GreatLand will comply with any and all conditions or requirements applicable to <br />GreatLand set forth in all approvals granted by federal agencies with respect to the <br />Proposed Transaction and Transfer Application (including any conditions with respect to <br />programming agreements), such conditions or requirements to be exclusively enforced at <br />the federal level. <br />1.9 GreatLand shall provide a written guarantee in the form attached hereto within thirty (30) <br />days of the effective date of this Resolution specifying that subscriber rates and charges <br />in the City will not increase as a result of the costs of the Proposed Transaction. <br />1.10 After the Proposed Transaction is consummated, GreatLand and Grantee will continue to <br />be responsible for all past acts and omissions, known and unknown, under the Franchise <br />Documents and applicable law for all purposes, including (but not limited to) Franchise <br />renewal to the same extent and in the same manner as before the Proposed Transaction, <br />subject to the terms of the Franchise Settlement Agreement. <br />1.11 Nothing in this Resolution amends or alters the Franchise Documents or any <br />requirements therein in any way, and all provisions of the Franchise Documents remain <br />3 <br />457161 RJV QU210-5 <br />