[Adopted 11-1-1994]
A. 
The sale, transfer, and assignment to Fanch Communications of New York, L.Pl, of the rights, responsibilities and benefits of the franchisee under the CATV Resolution is hereby permitted and approved.
B. 
The CATV Resolution is in full force and effect without default hereunder by the franchisee to the date hereof in accordance with its terms and conditions as set forth therein.
C. 
Fanch, as assignee and transferee of the franchisee, does, from and after the effective date of the transfer of the CATV Resolution, assume and agree to perform each and every obligation of the franchisee under the CATV Resolution.
D. 
The consent to transfer herein provided shall be effective upon and only effective concurrent with the closing of the asset sale by the franchisee to Fanch and Fanch and/or the franchisee shall notify the Village Board of Trustees promptly upon the closing of such transaction.