Common use of Station Contracts Clause in Contracts

Station Contracts. Complete and correct copies of the Station Contracts set forth in Schedules 2.1.5, 2.1.6, 2.1.8 and 2.1.9 (which schedules, to Sellers' knowledge are and which have been represented to Sellers by the Heritage Subsidiaries making such representations to be, true and correct in all material respects) have been made available to Buyer and (a) each such material Station Contract and, to the knowledge of Sellers and the Heritage Subsidiaries, each such immaterial Station Contract, is in full force and effect and constitutes a legal, valid and binding obligation of the owner of the Station that is a party thereto, and, to the knowledge of Sellers and the Heritage Subsidiaries, of each other party thereto; (b) no owner of a Station is in breach or default in any material respect of the terms of any Station Contract; (c) none of the material rights of the owner of a Station under any such Station Contract will be subject to termination, nor will a default occur, as a result of the consummation of the transactions contemplated hereby, except to the extent that failure to obtain the prior consent to assignment thereof of any party thereto shall or could be interpreted to constitute a termination or modification of or a default under any such Station Contract; and (d) to the knowledge of Sellers and the Heritage Subsidiaries, no other party to any such Station Contract is in breach or default in any material respect of the terms thereunder.