REPRESENTATIONS AND WARRANTIES OF SHC. SHC represents and warrants the following, the truth and accuracy of each of which shall constitute a condition precedent to the obligations of Buyer hereunder:
REPRESENTATIONS AND WARRANTIES OF SHC. 2 4.1 Validity of Agreement, etc.. . . . . . . . . . . . . . . . . . . . 2 4.2
REPRESENTATIONS AND WARRANTIES OF SHC. SHC hereby makes the following representations and warranties to YIL and Seller:
REPRESENTATIONS AND WARRANTIES OF SHC. 7 5.1 Organization, Standing, and Power............................. 7 5.2
REPRESENTATIONS AND WARRANTIES OF SHC. Prior to the execution hereof, SHC has delivered to Gray and Merger Corp. the schedules to this Agreement (the "Schedules") xetting forth, among other things, items the disclosure of which is necessary or appropriate either (i) in response to an express informational requirement contained in or requested by a provision hereof or (ii) as an exception to one or more representations or warranties contained in this Article 5; provided that the listing of an item in one section of the Schedules shall be deemed to be a listing in the other sections of the Schedules to the extent that such information is reasonably determinable to be so applicable to such other section or sections of the Schedule. The subject matter of the representations and warranties contained in this Article 5 shall not apply to the Designated Stations. Except as provided in the Schedules, SHC hereby represents and warrants to Gray and Merger Corp. as follows (it being understood that the inclusxxx of any item on a Schedule hereto shall not be deemed an acknowledgement that such item (i) is Material, (ii) would have a Material Adverse Effect or (iii) is required to be disclosed under this Agreement):
