Common use of Station Licenses Clause in Contracts

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. Schedule 3.21 4.22 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 granted or assigned to the Borrower or any of its subsidiariesSubsidiaries, or under which the Borrower or any of and its subsidiaries has Subsidiaries have the right to operate such Station. As of the Closing Date, the Station Licenses listed on Schedule 3.21 4.22 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 Subsidiaries with respect to such Station, as currently now 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 3.214.22 will be, as of the Closing Date and (b) in the case of Station Licenses not so marked on Schedule 3.21Date, as of the 90th day after the Closing Date will be issued in the name of, or validly assigned to the respective 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 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 4.22 hereto, all consents to the transfer of control 76 71 of the principal broadcasting licenses and any other material Station Licenses in connection with the Closing Date Transactions transactions contemplated hereby and in the Transaction Documents shall have been granted by the FCC; , provided that such consents will not be required to have become final ordersFinal Orders.

Station Licenses. Schedule 3.21 accurately and completely lists as of the date hereof (after giving effect to the Closing Effectiveness 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 Effectiveness 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 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 Effectiveness Date and (b) in the case of Station Licenses not so marked on Schedule 3.21, as of the 90th day after the Closing Effectiveness Date will be be, issued in the name of, or validly assigned to 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 Asset Purchase shall have been granted by the FCC; provided that such consents will not be required to have become final ordersFinal Orders.

Station Licenses. Schedule 3.21 4.22 accurately and completely lists as of the date hereof (after giving effect to the Closing Date Purchase Transactions and the Exchange Transactions), for each Station, all Station Licenses held by granted or assigned to the Borrower or any of its subsidiariesSubsidiaries (or, in the case of the Steubenville Station and the Providence Station, to SAC or any of its Subsidiaries), or under which the Borrower and its Subsidiaries (or, in the case of the Steubenville Station and the Providence Station, to SAC or any of its subsidiaries has Subsidiaries), have the right to operate such Station. As of the Closing Date, the Station Licenses listed on Schedule 3.21 4.22 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 Subsidiaries (or SAC and its Subsidiaries) with respect to such Station, as currently now 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 3.214.22 will be, as of the Closing Date and (b) in the case of Station Licenses not so marked on Schedule 3.21Date, as of the 90th day after the Closing Date will be issued in the name of, or validly assigned to the respective 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 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 4.22 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 transactions contemplated hereby and in the Transaction Documents shall have been granted by the FCC; , provided that such consents will not be required to have become final ordersFinal Orders.

Station Licenses. Schedule 3.21 4.22 accurately and completely lists as of the date hereof Closing Date (after giving effect to the Closing Date Transactions), for each Station, all Station Licenses held by 75 70 granted or assigned to the Borrower or any of its subsidiariesSubsidiaries, or under which the Borrower or any of and its subsidiaries has Subsidiaries have the right to operate such Station. As of the Closing Date, the Station Licenses listed on Schedule 3.21 4.22 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 Subsidiaries with respect to such Station, as currently now 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 3.214.22 will be, as of the Closing Date and (b) in the case of Station Licenses not so marked on Schedule 3.21Date, as of the 90th day after the Closing Date will be issued in the name of, or validly assigned to the respective 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 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 4.22 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 transactions contemplated hereby and in the Transaction Documents shall have been granted by the FCC; , provided that such consents will not be required to have become final ordersFinal Orders.