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1999-080-COX COMMUNICATIONS FRANCHISE AUTHORITY
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1999-080-COX COMMUNICATIONS FRANCHISE AUTHORITY
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Last modified
8/18/2006 4:30:09 PM
Creation date
1/24/2001 3:01:18 PM
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CITY CLERK
Doc Name
1999
Doc Type
Resolution
CITY CLERK - Date
6/21/1999
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<br />(ii) modifY in any material respecf, terminate, renew for a period <br />. extending past the Termination Date, suspend or abrogate any material Contract; provided, <br />however, that the Company Entities shall be entitled, in the ordinary course of business, to <br />enter into new contracts, agreements, commitments, arrangements or understandings which <br />would involve payments by any of the Surviving Corporation or any Company Entity not <br />in excess of $500,000 individually or $10,000,000 in the aggregate; <br /> <br />(iii) (A) terminate any Franchise or material System Right or (B) modify <br />in any material respect, renew for a period extending past the Termination Date, suspend or <br />abrogate any Franchise or material System Right; <br /> <br />(iv) except as required by applicable Legal Requirements, change any <br />policy regarding any marketing, subscriber installation or collection practices that are <br />inconsistent in any material respect with such practices of the Company Entities for the <br />periods covered by the Company SEC Reports; <br /> <br />(v) dispose of any Assets, except for sales of non-material assets in the <br />ordinary course of business and consistent with past practices (including practices during the <br />periods covered by the Company SEC Reports); <br /> <br />(vi) grant or agree to grant any increase in the rates of salaries or <br />compensation payable to employees of the Company Entities (other than as required by law <br />and regularly scheduled bonuses and increases in the ordinary course of business); <br /> <br />(vii) amend its articles of incorporation or bylaws or other applicable <br />governing instrument; <br /> <br />(viii) split, combine, subdivide or reclassifY any shares of its capital stock <br />or other equity interests or declare, set aside or pay any dividend or other distribution <br />(whether in cash, stock or property or any combination thereof), other than regular quarterly <br />cash dividends not in excess of $0.0& per share per quarter, in respect of its capital stock, or <br />redeem, repurchase or otherwise acquire or offer to redeem, repurchase or otherwise acquire <br />any of its securities or any securities of the Company or any other Company Entity, except <br />for dividends paid by any Company Entity that is, directly or indirectly, wholly-owned by <br />the Company; <br /> <br />(ix) adopt a plan or agreement of complete or partial liquidation, <br />dissolution, merger, consolidation, restructuring, recapitalization or other material <br />reorganization; <br /> <br />(x) issue, deliver or sell, or authorize the issuance, delivery or sale of, any <br />shares of its capital stock of any class or other equity interests or any securities convertible <br />into or exercisable for, or any rights, warrants or options to acquire, any such capital stock <br /> <br />AT1I90584-8 <br /> <br />" <br />JJ <br />
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