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<br />Section 3. Automatic Nullification in Event of Failure to Close the Agreement or Closure <br />on Materially Different Terms. In the event the Transfer which is the subject of this <br />Resolution is not consummated or does not reach final closure for any reason, or in the event <br />such closure is reached on terms substantially and materially different to the terms described <br />in the FCC Form 394 and subsequent information provided by or Cebridge and relied upon <br />by the City, then this Resolution, together with the written acceptance provided hereunder, <br />shall be null and void. If the closure is upon terms which are substantially and materially <br />different, Grantee shall resubmit its request for a change of control and/or transfer of the <br />Franchise." <br /> <br />Section 4. That this Resolution shall be effective from and after its date of passage. <br /> <br />PASSED AND ADOPTED this 27th day of February, 2006. <br /> <br />Curtis Fendley, Mayor <br /> <br />ATTEST: <br /> <br />Janice Ellis, City Clerk <br /> <br />APPROVED AS TO FORM: <br /> <br />John D. Lestock, Assistant City Attorney <br /> <br />r <br />