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1989-118-RES WHEREAS, TEXAS COMMUNITY ANTENNAS SUBSIDIARY OF TCA CABLE TV IS CENTRAL COMMUNICATIONS
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1989-118-RES WHEREAS, TEXAS COMMUNITY ANTENNAS SUBSIDIARY OF TCA CABLE TV IS CENTRAL COMMUNICATIONS
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8/18/2006 4:34:00 PM
Creation date
4/14/2005 7:39:55 AM
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CITY CLERK
Doc Name
1989
Doc Type
Resolution
CITY CLERK - Date
9/11/1989
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<br />ASSIGNMENT. ASSUMPTION AND CONSENT <br /> <br />THIS ASSIGNMENT, ASSUMPTION AND CONSENT,dat~d as of the <br />"Closing Date" as hereinafter defined, is made by and among COOKE <br />SOUTH CENTRAL COMMUNICATIONS, INC. ("Seller") (previously known as <br />McCaw South Central Communications, Inc.), TEXAS COMMUNITY <br />ANTENNAS, INC. ("Buyer") a wholly owned subsidiary of TCA Cable <br />TV, Inc. and the CITY OF PARIS ("Consenting Party"). <br /> <br />WHEREAS, Seller owns and operates a cable television <br />system in Paris, Texas (the "System"); <br /> <br />WHEREAS, Seller and Consenting party are parties to that <br />certain LEASE AGREEMENT dated November lO, 1980 (the "Agreement"); <br /> <br />WHEREAS, Seller and Buyer have entered into an Asset <br />Purchase and Sale Agreement dated as of July 14, 1989 (the "Asset <br />Purchase Agreement") pursuant to which Seller shall sell, convey <br />and assign substantially all of the assets owned by Seller related <br />to the System, including without limitation Seller's right under <br />the Agreement, and Buyer shall assume certain obligations with <br />respect to the System, including without limitation, Seller's <br />obligations under the Agreement, in each case, from and after the <br />"Closing Date" as defined in the Asset Purchase Agreement; and <br /> <br />WHEREAS, the consent of Consenting party is required <br />under the Agreement and Consenting Party desires to so consent to <br />the assignment and assumption of the Agreement. <br /> <br />NOW THEREFORE, in consideration of the foregoing <br />premises and other good and valuable consideration, the receipt <br />and sufficiency of which is hereby acknowledged, the parties agree <br />as follows: <br /> <br />1. Seller hereby assigns and transfers to Buyer all of <br />Seller's right, title and interest in and to the Agreement from <br />and after the Closing Date. <br /> <br />2. Buyer hereby accepts such assignment and transfer, <br />assumes all of the obligations and agrees to be bound by all of <br />the terms and conditions of Seller under the Agreement from and <br />after the Closing Date. <br /> <br />3. Consenting Party hereby consents to the assignment <br />and transfer of the Agreement by Seller to Buyer with the further <br />right of Buyer to assign its interests under the Agreement for <br />security purposes only to such financial institutions as may be <br />selected by Buyer to finance the acquisition and operation of the <br />System. Consenting Party further agrees that Seller shall be (and <br />is hereby) released and discharged from the performance of its <br />duties and obligations under the Agreement arising from and after <br />the Closing Date. <br /> <br />Iahb$CO/117354lO22/ssagreelaacparll/kbl <br /> <br />EXHIBIT A <br />
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