RES 96007 - Laserfiche WebLink

The consent of the Grantor to the ch:mge of control of Grantcc docs not constitute and Eh:d] not be con.~trued to conetitus: -q w-~iver of any obligafion.~ of Grantee or a~y of its successors in ingress under tic Franchise Agreement or the Ordiannce. Section 2. The Grantor and 'I'CIC on be. holt or the ( ~rnnle~. ngn,~. th3t. (n) 3.~ nr the. rhlra nf rhi~ Agre~.ment lh.P. Franchise was properly ~rnnted to the C+rsnte~.., l~ valid, mmain~ {n fifil fnrr.c. nnd cffe_c.r, and axpir~.~ on Deckrarer 3l, '~{NW|, ~nhjcr. t m nption.~, if soy, to extend the term~ (h) except as provided in this A~l~,~mant, the I-'r~nchi.~..~tmpcr~;air.,; all other a~TeeTnenL~ between the C~rantee and the Granter and repre.v. ntx the entire understanding of ~e partic,,L ~ Notwithstanding me change or control. Grante~ remains l~gally responsibl~ t~r any default under th~ franchise not cun'~ntly known to Grantor. including. but not limited to. any franchis: fe=s which may b~ dut to the Grantor. Sectiond, Any inTtxest in tl~ Sy,;teUl itild th(; Fraxlfjhi)c ur Ihc ~mmxi. mm.,l m~:hilcd flmc,cto, mmm+Ly IN: Irmm.~i'c,'mx;d h, amy entity whully owned by TCIC ux' uudcl' coxranch comm'oi with TCIC upou notice to the Om'm~tor. The Grantor hcrtby consents to and approves the a.~signmcnt, mortgage, plcdgc or othcr cncumbrangc, if any, of th~ Franchise, Systtm or asscts rclating thcrcto, or of thc intcrgsts in thc pcrmirtcd holder thereof, as collatcral for a loan. Section 6. TCIC will causc thc Grantee to complete the Pleasanton portion of the voluntary system upgrad~ currcn~y under coihstruction in the City of Livermore, and shall offer expanded programming on the Pleasanton system no laWr than Dec, ember 31, 1996. In order to cnsuro the performance of th~ Gr, mtee in ,'-a~fa~fion of the completion of the Ple:k,:anton portion of the voluntary gygtem upgrade by January 1,199~, iubject to the Force Majeure conditions described in Section 12.1 of the Franchise Agreement, TCIC flirther agree.~ that (i) it will cau~ Grantee to pay to the Grantor liquid--_,t_e_H 'damages as de.~cdbed in Section 4-.3 of the Franchise Agreement. and (ii) within men (1 |1) buginess days after the date {hal enntml nf ( +rantee. i.~ tran.~ferrexl frnm'Viacnm Tnc. t.n TCIC. it will ca,.~ (~rantee m ~mrnS.~h to GranU~r a consreaction performance bond in X)vor of Onntor in the amount of .i 1.000.000. Upon completion of the voluntary system upgrad~ described in Section 6 and -1-