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M <br />M <br />5. Under the City's Franchise and applicable law, both the Adelphia <br />Transaction and Exchange Transaction require consent from the City. <br />6. The City has reviewed the Adelphia Transaction and Exchange <br />Transaction and the legal, technical, and financial qualifications of the proposed <br />franchisee, Holdco V, and its corporate parent entities. <br />7. Based on information obtained, and on the reports and information <br />received by the City, the City has elected to consent to both the Adelphia <br />Transaction and Exchange Transaction subject to the conditions specified below. <br />NOW, THEREFORE, the City of Charlottesville, Virginia hereby resolves as <br />follows: <br />1. The Franchise is in full force and effect, and Franchisee is the lawful <br />holder of the Franchise. <br />2. Each of the foregoing recitals is hereby incorporated by reference. <br />3. The City hereby consents and approves of the Adelphia Transaction <br />resulting in Holdco V becoming the franchisee under the Franchise and the <br />Exchange Transaction transferring control of Holdco V to CIMT, subject to: <br />809290vl <br />a. Holdco V, within thirty (30) days of the date of closing the Adelphia <br />Transaction and/or the Exchange Transaction, notifying the City in writing <br />of the completion of the Adelphia Transaction and/or the Exchange <br />Transaction. <br />b. Holdco V, within thirty (30) days of the date of closing, providing the <br />City with a Certificate of Authority to conduct business in the State of <br />Virginia. <br />C. Holdco V, within thirty (30) days of the date of closing, providing the <br />PA <br />