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4. Reimbursement of all reasonable fees incurred in the Authority's review of the proposed transactions; and 5. The successful closing of the transaction described in the Meredith/Continental Agreement. BE IT RESOLVED FURTHER, that Continental may, at any time and from time to time, assign or grant or otherwise convey one or more liens or security interests in its assets, including its rights, obligations and benefits in and to the Franchise (the "Collateral") to any lender providing financing to Continental ("Secured Party"), from time to time. Secured Party shall have no duty to preserve the confidentiality of the information provided in the Franchise with respect to any disclosure (a) to Secured Party's regulators, auditors or attorneys, (b) made pursuant to the order of any governmental authority, (c) consented to by the Authority or (d) any of such information which was, prior to the date of such disclosure, disclosed by the Authority to any third party and such party is not subject to any confidentiality or similar disclosure restriction with respect to such information subject, however, to each of the terms and conditions of the Franchise. ADOPTED by The City Council this 2....4..t.hday of September, 1996. At~t: ,___._ } 1 . i' " "." " '''..~'-t,,', " ~,' I;,' I ,~: ,.,-' ,,' ,'{AL;".-,,\ f ./(("tt.1Cf Clerk-Treasurer (('\(. i',^I\ I, \ The undersigned, being the duly appointed, qualified and acting Clerk of the City of New Brighton, Minnesota hereby certify that the foregoing Resolution NO.96-Q 7is a true, correct and accurate copy of Resolution N09fi..=..QJGluly and lawfully passed and adopted by the City of New Brighton on the 24thday of September, 1996. ~/\ I'" /, ---f. ..' I, " ,,(,4C 1\.../ I j Clerk/.'{\... ;, i.... ') L ,,-. I"~, . . ".Ii. / f~{;161 ;.'/ "----,- ~ .../ - .~