Station Licenses. Borrower and each of its Subsidiaries shall at all times maintain the Station Licenses and all other licenses, permits, permissions and other authorizations used or necessary to operate the radio and television stations as operated from time to time by Borrower and its Subsidiaries, except to the extent that the failure to maintain the foregoing would not have a Material Adverse Effect.
Station Licenses. Schedule 3.21 accurately and completely lists as of the date hereof (after giving effect to the Closing Date Transactions), for each Station, all Station Licenses held by the Borrower or any of its subsidiaries, or under which the Borrower or any of its subsidiaries has the right to operate such Station. As of the Closing Date, the Station Licenses listed on Schedule 3.21 with respect to any Station include all material authorizations, licenses and permits issued by the FCC that are required or necessary for the operation of such Station, and the conduct of the business of the Borrower and its subsidiaries with respect to such Station, as currently conducted or proposed to be conducted. The Station Licenses listed on Schedule 3.21(except the Station License owned by the Chicago Subsidiary) (a) in the case of Station Licenses marked with an asterisk on Schedule 3.21, as of the Closing Date and (b) in the case of Station Licenses not so marked on Schedule 3.21, as of the 90th day after the Closing Date will be issued in the name of, or validly assigned to the License Subsidiary for the Station being operated under authority of such Station Licenses and validly issued and in full force and effect, and the Borrower and its subsidiaries will have fulfilled and performed in all material respects their obligations with respect thereto and have full power and authority to operate thereunder, and, except as described in Schedule 3.21 hereto, all consents to the transfer of control of the principal broadcasting licenses and any other material Station Licenses in connection with the Closing Date Transactions shall have been granted by the FCC; provided that such consents will not be required to have become final orders.
Station Licenses. The Station Licenses are all of the licenses, ---------------- permits, and other authorizations used or necessary to lawfully operate the Stations in the manner and to the full extent as they are now operated, and the Station Licenses are validly issued in the name of Seller. Seller has delivered to Buyer true and complete copies of the Station Licenses, including any and all amendments and other modifications thereto. The Station Licenses are in full force and effect, are valid for the balance of the current license term applicable generally to radio stations licensed to communities in the state where the each of the Stations is located, are unimpaired by any acts or omissions of Seller or any of its affiliates, or the employees, agents, officers, directors, or shareholders of Seller or any of its affiliates, and are free and clear of any restrictions which might limit the full operation of the Stations in the manner and to the full extent as it is now operated (other than restrictions under the terms of the licenses themselves or generally applicable under the rules and regulations of the FCC). There are no applications, proceedings, or complaints pending or, to the knowledge of Seller, threatened which may have an adverse effect on the business or operation of the Stations (other than rulemaking proceedings that apply to the radio broadcasting industry generally). Seller is not aware of any reason why those of the Station Licenses subject to expiration might not be renewed in the ordinary course for a full term without material qualifications or of any reason why any of the Station Licenses might be revoked. Each of the Stations is in compliance with the Commission's policy on exposure to radio frequency radiation. No renewal of any Station License would constitute a major environmental action under the rules of the Commission. There are no facts which, under the Communications Act of 1934, as amended, or the existing rules of the Commission, would disqualify Seller from assigning the Station Licenses or from consummating the transactions contemplated herein within the times contemplated herein. Seller maintains an appropriate public inspection file at each Station's studio in accordance with Commission rules. Access to the Stations' transmission facilities are restricted in accordance with the policies of the Commission.
Station Licenses. As of the Closing Date, Schedule 6.17 lists all Station Licenses and the Credit Party that is the holder of each such Station License.
Station Licenses. As of the Closing Date, Schedule 3.25 lists all Station Licenses and the Credit Party or Subsidiary that is the licensee of each such Station License.
Station Licenses. The principal Station License or any other material Station License of any Station (other than an Immaterial Station License) shall be revoked or canceled or shall expire by its terms without being renewed or extended by statute which has had or could reasonably be expected to result in a Material Adverse Effect, and the Borrower shall have failed to take action within 30 days after the Borrower received notice of such revocation, cancellation or expiration, which could reasonably be expected to remedy such revocation, cancellation or expiration and to restore and maintain such Station License in effect.
Station Licenses. (a) Schedule Section 2.1(b)(i) contains a true and complete list of the FCC Licenses used or held for use in connection with the operation of the Purchased Stations as currently operated and the holder of each such FCC License. Each of the holders of FCC Licenses identified on Schedule Section 2.1(b)(i) is the authorized legal holder of such FCC License. The FCC Licenses (i) have been issued for the full terms customarily issued by the FCC for authorizations of such type for such class of station and (ii) are not subject to any condition, except for those conditions appearing on the face of the FCC Licenses and conditions generally applicable to authorizations of such type for such class of station.
Station Licenses. As at the date hereof, and as at the most recent date such Schedule shall be supplemented pursuant to Section 6.03(c)(iv) (in the case of any Station acquired pursuant to any Subsequent Acquisition):
Station Licenses. 46 SECTION 3.17. Proxy Statement..........................................47 SECTION 3.18. Year 2000 Issues.........................................47 ARTICLE IV CONDITIONS SECTION 4.01.
Station Licenses. (a) Schedule 1.1(a) contains a true and complete list of the FCC Licenses used or held for use in connection with the operation of the Station as currently operated. Licensee is the authorized legal holder of the FCC Licenses listed on Schedule 1.1(a). Except as set forth on Schedule 1.1(a), the FCC Licenses are in good standing and in full force and effect. The Station and the facilities of the Station are being and have been operated during Sellers’ ownership and operation of the Stations in material compliance with the FCC Licenses, the Communications Act and all FCC rules and policies. Except as set forth on Schedule 1.1(a), the FCC Licenses are all of the FCC licenses, permits and authorizations required for the operation of the Station as presently operated.
