Common use of Operational Documents Clause in Contracts

Operational Documents. (1) As at the date of this Agreement, the Operational Documents are in full force and effect without modification from the forms provided to EBRD under Section 4.01(b). (2) The Group has all broadcasting licences necessary to operate its business as currently conducted and, as at the date of this Agreement, the Licences constitute all of the material broadcasting licences held by members of the Group. (3) All of the Licences are in full force and effect and the grantee of each Licence is in compliance in all material respects with all provisions thereof. (4) None of the Licences are the subject of any actual, pending or threatened, challenge or revocation. (5) There has occurred no breach, and no event which with the giving of notice, the passage of time or the making of any determination, or any combination thereof, would constitute a breach, of the Framework Agreement.