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1999-080-COX COMMUNICATIONS FRANCHISE AUTHORITY
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1999-080-COX COMMUNICATIONS FRANCHISE AUTHORITY
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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 />Acquisition Proposal which provides for (x) transfer or issuance of securities representing more than <br />50% of the equity or voting interests in the Company, (y) a merger, consolidation, recapitalization <br />or another transaction resulting in the issuance of cash or securities of any Person (other than a <br />reincorporation or a holding company merger that results in the Company's shareholders owning all <br />of the equity interests in the surviving corporation) to the Company's shareholders in exchange for <br />more than 50% of the equity or voting interests in the Company, or (z) transfer of assets, securities <br />or ownership interests representing more than 50% of the consolidated assets or earning power of <br />the Company, or (2) any Person (other than Parent or an Affiliate of Parent) commences a tender <br />offer that results in the acquisition by the Person making the tender offer of a majority of the <br />Company Common Stock, then the Company shall pay to Parent the Termination Fee. <br /> <br />(e) Any payment of the Termination Fee pursuantto this Section 9.3 shall be paid <br />immediately prior to the termination of this Agreement, except that any payment of the Termination <br />Fee pursuant to Section 9.3(d) shall be paid within one (I) Business Day of the Company or any <br />other Company Entity entering into an agreement contemplated by Section 9.3(d)(C)(l) or within <br />one (1) Business Day of the acquisition by the Person making the tender offer of a majority of the <br />Company Common Stock contemplated by Section 9.3(d)(C)(2). Any payment of the Termination <br />Fee shall be made by wire transfer of immediately available funds. If one party fails to pay to the <br />other promptly the Termination Fee, the defaulting party shall pay the costs and expenses (including <br />legal fees and expenses) in connection with any action, including the prosecution of any lawsuit or <br />other legal action, taken to collect payment, together with interest on the amount of any unpaid fee <br />at the publicly announced prime rate of The Bank of New York in New York City from the date <br />such fee was required to be paid to the date it is paid. <br /> <br />ARTICLE TEN <br /> <br />PUBLIC STATEMENTS <br /> <br />Section 10.1 Public Statement and Press Releases. Neither the Company on the one hand, <br />nor Parent or Merger Sub, on the other hand, without the prior written consent of the other, or except <br />as required by law in the judgment of outside legal counsel for such party or legal process, shall <br />make any press release or other public statement concerning this Agreement or the transactions <br />contemplated by this Agreement; provided, however, that nothing in this Section 10.1 shall be <br />deemed to prohibit any party hereto from making any disclosure which its counsel deems necessary <br />or advisable in order to fulfill such party's disclosure obligations imposed by law or the rules of any <br />national securities exchange or automated quotation system. Parent and Merger Sub each agrees <br />that the discussion (to the extent permitted under applicable securities laws) of the transactions <br />contemplated hereby by the Company with the Company Entities' lenders, the Company Entities' <br />Affiliates (and their respective directors, officers, employees, partners and stockholders), the <br />Company's counselor other professional advisors, and any Person whose consent or waiver may <br />be necessary or desirable in order to consummate the transactions contemplated hereby, shall not <br />be deemed to be "intended for" or to "result in public dissemination," for the purposes of the <br />foregoing sentence. The Company agrees that the discussion (to the extent required under applicable <br />securities laws) of the transactions contemplated hereby by Parent with Parent's lenders and <br /> <br />AT1I90584-8 <br /> <br />51 <br />
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