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Section 4. MediaOne or MediaOne Affiliate may transfer the Franchise or control related thereto <br />to any MediaOne Affiliate upon notice to Franchise Authority. <br />Section 5. The Franchise Authority hereby consents to and approves the assignment, mortgage, <br />pledge, or other encumbrance, if any, of the Franchise, the System, or assets relating thereto, as <br />collateral for a loan. <br />Section 6. The Franchise Authority releases Franchisee, effective upon the closing date of the <br />Transactions, from all obligations and liabilities under the Franchise that accrue on and after such <br />closing date; provided that, effective upon such closing date, MediaOne or MediaOne Affiliate <br />shall be responsible for any obligations and liabilities under the Franchise that accrue on and <br />after such closing date of the Transactions. <br />Section 7. This Resolution shall have the force of a continuing agreement with Franchisee and <br />MediaOne, and Franchise Authority shall not amend or otherwise alter this Resolution without <br />the consent of Franchisee and MediaOne. <br />Section 8. This Resolution shall be deemed effective upon the closing of the Transactions. <br />Approval of this transfer is contingent upon receipt of items specified in the <br />Franchise, such as certificates of insurance and a performance bond, within 30 <br />days of the transaction closing between ATST/TCI and MediaOne. <br />The Resolution was moved for adoption by Commissioner Adams <br />and the motion was seconded by Commissioner Ginn, and upon being <br />put to a vote, the vote was as follows: <br />Commissioner Kenneth R. Macht, Chairman <br />Commissioner Fran B. Adams, Vice Chairman <br />Commissioner John W. Tippin <br />Commissioner Caroline D. Ginn <br />Commissioner Ruth Stanbridge <br />Aye <br />Aye <br />Aye <br />Aye <br />Aye <br />iith79 0 <br />'13-9 <br />LA - <br />v/ ' <br />PASSED, ADOPTED AND APPROVED this 1 9 day of January, 1999. <br />Bv: <br />ATTEST: <br />Clerk I\ <br />nnet . Macht, Chairman <br />*************** <br />I, the 1. 4W:signed, being the duly appointed, qualified and acting Clerk of the County of <br />Indian River, Florida, hereby certify that the foregoing Resolution No. _ is a true, correct and <br />accurate copy as duly and lawfully passed and adopted by the goveming body of the County of <br />Indian River, Florida, on the day of , 199 9 <br />Clerk <br />