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1999-215
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1999-215
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Last modified
10/31/2023 2:51:18 PM
Creation date
10/31/2023 2:45:58 PM
Metadata
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Template:
Official Documents
Official Document Type
Agreement
Approved Date
08/24/1999
Control Number
1999-215
Entity Name
Falcon Cable Media
Subject
Purchase and Contribution Agreement, Transfer of Control of Ultimate Parent
Company of Falcon Cable Media
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11.3 Benefit and Binding Effect. This Agreement shall be binding upon and inure to the <br />benefit of the parties hereto (and, in the one of Sections 6.9, 6.12 and 6.13, the parties specified <br />therein) and their respective successors and permitted assigns; provided that (a) neither this <br />Agreement nor any of the rights, interests or obligations hereunder may be assigned by Falcon or <br />Sellers without the prior written consent of Buyer (which consent shall not be unreasonably withheld <br />or delayed), and (b) neither this Agreement nor any of the rights, interests or obligations hereunder <br />may be assigned by Buyer without the prior written consent of Sellers (which consent shall not be <br />unreasonably withheld or delayed), except (i) Buyer may, upon notice to Sellers, assign all or a <br />portion of is rights, but not its obligations, hereunder to an Affiliate of Buyer, as long as such <br />assignment does not hinder ordelay the consummation of the transactions contemplated hereby and <br />by the other Transaction Documents. Content shall be deemed to be reasonably withheld if the <br />consenting party reasonably determines that the assignment would be reasonably likely to hinder <br />or delay the Closing or adversely affect the payment of the Aggregate Consideration at the Closing <br />or the performance of any covenants or agreements of Buyer. Buyer also agrees, that Sellers may <br />distribute the Purchase Consideration or their right to receive the Purchase Consideration to their <br />respective stockholders, partners and members. This Agreement is not intended to roofer upon any <br />Person other than the parties hereto (and, in the case of Sections 6.9, 6.12 and 6.13, the ponies <br />specified therein) any rights or remedies hereunder. <br />oroirsuvr.exscvnora 68 <br />Sherman & Howard <br />633 17th Street <br />Suite 3000 <br />Denver, Colorado 80202 <br />Attention: Peggy Knight, Esq, <br />Telephone: (303)299.8140 <br />Telecopier: (303)298-0940 <br />If to Buyer: <br />Charter Communications, Inc. <br />12444 Powersomm Drive, Suite 100 <br />St. Louis, Missouri 63131 <br />Attention: Jerald L. Kent, President & C.E.O. <br />(with a copy to Curtis S. Shaw, Senior Vice President and General <br />Counsel) <br />Telephone: (314) 965-0555 <br />Telecopier: (314)965-8793 <br />with a copy (which should <br />not constitute notice) to: <br />bell & Manella LLP <br />1800 Avenue of the Start, Suite 900 <br />Los Angeles, California 90067-4276 <br />Attention: Alvin G. Segel, Esq. <br />Telephone: (310)277-1010 <br />Telecopier: (310) 203-7199 <br />11.3 Benefit and Binding Effect. This Agreement shall be binding upon and inure to the <br />benefit of the parties hereto (and, in the one of Sections 6.9, 6.12 and 6.13, the parties specified <br />therein) and their respective successors and permitted assigns; provided that (a) neither this <br />Agreement nor any of the rights, interests or obligations hereunder may be assigned by Falcon or <br />Sellers without the prior written consent of Buyer (which consent shall not be unreasonably withheld <br />or delayed), and (b) neither this Agreement nor any of the rights, interests or obligations hereunder <br />may be assigned by Buyer without the prior written consent of Sellers (which consent shall not be <br />unreasonably withheld or delayed), except (i) Buyer may, upon notice to Sellers, assign all or a <br />portion of is rights, but not its obligations, hereunder to an Affiliate of Buyer, as long as such <br />assignment does not hinder ordelay the consummation of the transactions contemplated hereby and <br />by the other Transaction Documents. Content shall be deemed to be reasonably withheld if the <br />consenting party reasonably determines that the assignment would be reasonably likely to hinder <br />or delay the Closing or adversely affect the payment of the Aggregate Consideration at the Closing <br />or the performance of any covenants or agreements of Buyer. Buyer also agrees, that Sellers may <br />distribute the Purchase Consideration or their right to receive the Purchase Consideration to their <br />respective stockholders, partners and members. This Agreement is not intended to roofer upon any <br />Person other than the parties hereto (and, in the case of Sections 6.9, 6.12 and 6.13, the ponies <br />specified therein) any rights or remedies hereunder. <br />oroirsuvr.exscvnora 68 <br />
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