Res07 14758 - Laserfiche WebLink

Browse Search

PEG access channels currently provided. Transferee agrees to activate and provide one additional PEG access channel by not later than April 20,2007. This access channel may be located on Transferee's digital service tier. No sooner than twenty four months after the incumbent cable operator implements a third PEG channel and following receipt of one hundred twenty (120) days advance written notice, the Transferee shall provide a fourth PEG channel. This channel may be located on Transferee's digital tier of service. Transferee shall not be required to carry the third and fourth PEG Channels on the Basic Service tier until Transferee converts its entire System to a digital format. 6. Transferee shall evidence acceptance of these conditions by signing a copy of this "Change of Ownership Consent Agreement," and submitting the same to the City Clerk within sixty (60) calendar days of the Closing Date. If Transferee fails to submit a signed copy of this "Change of Ownership Consent Agreement" to the City Clerk within said sixty (60) day period, or otherwise refuses to accept the conditions placed on the proposed transfer set forth herein, consent to the transfer shall be automatically withdrawn, effective the date of adoption of City of Redwood City Resolution No. _, and the request to transfer shall be deemed denied. Section 3 Other than with respect to the promise made in Section 2(3) above, if any sentence, clause, phrase or portion of any condition imposed in Section 2 hereof if for any reason held by a court of competent jurisdiction to be invalid or unenforceable, such decision shall not affect the validity of the remaining conditions placed on this transfer. The City Council of the City of Redwood City hereby declares that it would have entered into this "Change of Ownership Consent Agreement" and each and every condition set forth in Section 2 hereof separately, irrespective of the fact that one or more of these conditions may be declared invalid or unenforceable. Section 4 Subject to the reservation of rights of Section 2(2) above, the City hereby releases Franchisee, effective upon the consummation of the transaction contemplated in the Purchase Agreement (the "Closing Date") from all obligations and liabilities under the Franchise that accrue on or after the Closing Date. Franchisee shall remain responsible for all obligations and liabilities under the Franchise that accrue up to the Closing Date. Transferee shall be responsible for any obligations and liabilities under the Franchise that accrue on or after the Closing Date.