Metromedia Holders' Representations and Warranties. The -------------------------------------------------- Metromedia Holders represent and warrant to Actava that:
Metromedia Holders' Representations and Warranties. The Metromedia Holders represent and warrant to Actava that: (a) Each Metromedia Holder has the requisite corporate power and authority to execute and deliver this Agreement and to consummate the transactions contemplated hereby. This Agreement has been duly and validly executed by each of the Metromedia Holders and constitutes the legal, valid and binding obligation of each of the Metromedia Holders, enforceable against the Metromedia Holders in accordance with its terms, except to the extent that enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforceability of creditors' rights generally and by general principles of equity regarding the availability of remedies. (b) Except for the consents listed on Schedule 2.2, no consent, approval, waiver, authorization or order of, or filing or registration with, any court or governmental agency or other party is required to be obtained by any of the Metromedia Holders for the execution and delivery by the Metromedia Holders of this Agreement and the performance by the Metromedia Holders of this Agreement and the transactions contemplated hereby. ARTICLE III MISCELLANEOUS Section 3.1
