Ownership of Licenses. The Licenses, including without --------------------- limitation, each, if any, CON:
(a) may not be, and have not been, transferred to any location other than the Facility;
(b) have not been pledged as collateral security for any other loan or indebtedness;
(c) are held free from restrictions or known conflicts which would materially impair the use or operation of the Facility as intended, and are not provisional, probationary or restricted in any way; and
(d) have at all applicable times been, and are, in full force and effect.
Ownership of Licenses. (i) Subject to the Permitted Encumbrances, and the paramount ownership by the Government of Sweden, Seller is the legal and beneficial owner of a 100% interest in the Licenses.
(ii) All of the Licenses have been properly located and recorded in compliance with Legal Requirements and are comprised of valid and subsisting mineral claims.
(iii) The Licenses are in good standing under all applicable Legal Requirements and all work required to be performed and filed in respect thereof has been performed and filed, all Taxes, rentals, fees, expenditures and other payments in respect thereof have been paid or incurred and all filings in respect thereof have been made.
(iv) There is no material adverse claim against or challenge to the title to or ownership of any of the Licenses.
(v) Subject to the paramount ownership by the Government of Sweden, the Seller has the exclusive right to deal with the Licenses.
(vi) Subject to the paramount ownership by the Government of Sweden, no Person other than the Seller has any interest in the Licenses or the production or profits therefrom or any royalty in respect thereof or any right to acquire any such interest.
(vii) There are no material restrictions on the ability of the Seller to use, transfer or exploit the Licenses, except pursuant to the Legal Requirements.
Ownership of Licenses. Except as noted on Schedule 5.13(A) or pursuant to a permitted Asset Disposition, the Loan Parties will not permit any License issued by the United States of America, or state or any political subdivision thereof, including any agency or commission of any thereof, and utilized in the business of such Loan Party to be issued, assigned or transferred to any Subsidiary or Affiliate of a Loan Party who is not a Loan Party or is not a wholly-owned, domestic Subsidiary of a Loan Party whose ownership interests are subject to a valid and perfected first priority Lien in favor of the Secured Parties pursuant to the Pledge and Security Agreement.
Ownership of Licenses. Except as noted on Schedule 5.13(A) or pursuant to a permitted Asset Disposition, the Loan Parties will not permit any Material License to be issued, assigned or transferred to any Subsidiary or Affiliate of a Loan Party who is not a Loan Party or is not a wholly owned Domestic Restricted Subsidiary of a Loan Party whose ownership interests are subject to a valid and perfected first priority Lien in favor of the Secured Parties pursuant to the Pledge and Security Agreement.
Ownership of Licenses. Parent agrees that, so long as FCC Regulations or other applicable law prohibits or limits the foreign ownership of entities that directly hold broadcast licenses (in a manner that differs from such prohibitions or limitations if held indirectly), it will not directly hold such licenses and shall do so through subsidiaries or other controlled affiliates.
Ownership of Licenses. The Licenses in existence as of the date hereof (and in any case, all Licenses must be in existence no later than the Substantial Completion Date), including without limitation, each, if any, CON or CXX:
(i) may not be, and have not been, trans- ferred to any location other than the Property for which such Licenses were originally issued;
(ii) have not been pledged as collateral security for any other loan or indebtedness;
(iii) are held free from restrictions or known conflicts which would materially impair the use or operation of the Property as intended, and are not provisional, probationary or restricted in any way or, if any are provisional, probationary or restricted in any way, Manager (and Borrower, if necessary) shall do all things necessary and required to satisfy such provisions, probations or restrictions; and
(iv) have at all applicable times been, and are, in full force and effect.
Ownership of Licenses. Except as noted on Schedule 8.1(w) or pursuant to an asset disposition permitted under Section 12.5, permit any material License issued by the United States of America, or state or any political subdivision thereof, including any agency or commission of any thereof, and utilized in the business of the Borrower or any of its Subsidiaries to be issued to, assigned to, transferred to or acquired by any Subsidiary or Affiliate of the Borrower who is not a Loan Party or a Subsidiary of a Loan Party whose ownership interests are subject to a valid and perfected first priority Lien in favor of the Secured Parties pursuant to the Collateral Agreement.
Ownership of Licenses. (1) Unless otherwise required by law, the person in whose name any License is registered shall for all purposes of this Trust Indenture be and be deemed to be the owner thereof and all amounts payable or property deliverable under this Trust Indenture in respect thereof shall be made only to or upon the order in writing of such Holder.
(2) The Trustee or either of the Corporations may at any time and from time to time request a Holder to confirm in writing to the Corporations within 10 days of the date of its request that it is the beneficial owner of the Licenses registered in its name or, if the Holder is not the beneficial owner of the Licenses registered in its name, the name and country of residence of the person on whose behalf the Holder is holding the Licenses.
(3) Neither the Corporations nor the Trustee nor any registrar shall be bound to take notice of or see to the performance or observance of any duty owed to a third person, whether under a trust, express, implied, resulting or constructive or as a result of any confirmation provided pursuant to Subsection 3.5(2), in respect of any License or otherwise, by the Holder or any person whom the Corporations or the Trustee treats, as permitted or required by law, as the owner or the Holder of such License, and the Corporations or the Trustee, as the case may be, may transfer such License on the direction of the person so treated or registered as the Holder thereof, whether named as trustee or otherwise, as though that person were the beneficial owner thereof.
(4) The receipt of any such Holder for any amounts payable or property deliverable hereunder shall be a good discharge to the Corporations and the Trustee for the same and neither the Corporations nor the Trustee shall be bound to inquire into the title of any such Holder save as aforesaid.
(5) Subject to Section 8.17, each of the Corporations and the Trustee may treat the Holder of any License as the owner thereof for the purpose of any Licenseholders’ Request, requisition, direction, consent, instrument or other document.
Ownership of Licenses. Any licenses under any applicable Google Agreement are between Google and Customer.
Ownership of Licenses. Except as noted on Schedule 5.13(A) or pursuant to a permitted Asset Disposition, the Loan Parties will not permit any License issued by the United States of America, or any state or any political subdivision thereof, including any agency or commission of any thereof, and utilized in the business of such Loan Party or any of its respective Subsidiaries and the loss of which would reasonably be expected to have a Material Adverse Effect to be issued to, assigned to, transferred to or acquired by any Subsidiary or Affiliate of a Loan Party who is not a Loan Party or a Subsidiary of a Loan Party whose ownership interests are subject to a valid and perfected first priority Lien in favor of the Secured Parties pursuant to the Pledge and Security Agreement.
