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r <br />• <br />4. Reimbursement of all reasonable fees incurred in the Authority's review of the <br />proposed transactions; and <br />5. The successful closing of the transaction described in the Meredith/Continental <br />Agreement. <br />BE IT RESOLVED FURTHER, that Continental may, at any time and from time to time, <br />assign or grant or otherwise convey one or more liens or security interests in its assets, including <br />its rights, obligations and benefits in and to the Franchise (the "Collateral") to any lender <br />providing financing to Continental ("Secured Party"), from time to time. Secured Parry shall have <br />no duty to preserve the confidentiality of the information provided in the Franchise with respect <br />to any disclosure (a) to Secured Parry's regulators, auditors or attorneys, (b) made pursuant to the <br />order of any governmental authority, (c) consented to by the Authority or (d) any of such <br />information which was, prior to the date of such disclosure, disclosed by the Authority to any <br />third party and such party is not subject to any confidentiality or similar disclosure restriction with <br />respect to such information subject, however, to each of the terms and conditions of the Franchise. <br />ADOPTED by City of Falcon Heightl~s llttlay of September , 1996. <br />.~ ...~~~ <br />City of Falcon Heights <br />• <br />Susan L. Gehrz <br />Mayor <br />Attest: <br />C~~ <br />Clerk-Treasurer <br />The undersigned, being the duly appointed, qualified and acting Clerk of the City of <br />Falcon Heights, Minnesota hereby certify that the foregoing Resolution No. is a true, <br />correct and accurate copy of Resolution No. duly and lawfully passed and adopted by the <br />City of Falcon Heights on the day of <br />1996. <br />Clerk <br />• <br />