Ownership of Property; Intellectual Property. (a) The Borrower and each Subsidiary has good title to, or valid leasehold interests in, all of its real and tangible personal property material to the operation of its business, including all such properties reflected in the most recent audited consolidated balance sheet of the Borrower referred to in Section 4.5 or purported to have been acquired by the Borrower or any Subsidiary after said date (except as sold or otherwise disposed of in the ordinary course of business), in each case free and clear of Liens prohibited by this Agreement. All leases that individually or in the aggregate are material to the business or operations of the Borrower and each Subsidiary are valid and subsisting and are in full force in all material respects.
Ownership of Property; Intellectual Property. (a) Each Nexstar Entity has good record and indefeasible title in fee simple to, or a valid leasehold interest in, all its Real Property, and good title to, a valid leasehold interest in, or a valid right to use, all its other property and assets which are material to the operations of its businesses, in each case subject only to Permitted Liens.
Ownership of Property; Intellectual Property. (a) Each of the Borrower and its Subsidiaries has good record and indefeasible title in fee simple to, or a valid leasehold interest in, in all material respects, in all its real property, and good title to, or a valid leasehold interest in, in all material respects, in all its other material property, and none of the property of the Borrower or of its Subsidiaries is subject to any Lien except as permitted by Section 8.3.
Ownership of Property; Intellectual Property. (a) Each of such HS Loan Party and its Subsidiaries has good record title in fee simple to, or a valid leasehold interest in, all of its material real property, and good title to all of its other material property.
Ownership of Property; Intellectual Property. (a) Each Mission Entity has good record and indefeasible title in fee simple to, or a valid leasehold interest in, all its Real Property, and good title to, a valid leasehold interest in, or a valid right to use, all its other property and assets which are material to the operations of its businesses, in each case subject only to Permitted Liens. All Mortgaged Properties of the Mission Entities are listed on Schedule 6.09.
Ownership of Property; Intellectual Property. (a) Each of the -------------------------------------------- Borrower and the Restricted Subsidiaries has good record and indefeasible title in fee simple to, or a valid leasehold interest in, all its material real property, and good title to, or a valid leasehold interest in, all its other material property, and none of such property is subject to any Lien except as permitted by Section 8.3. Schedule 5.24 (as supplemented from time to time) ----------- ------------- accurately describes the location of all real property owned or leased by the Borrower or any Restricted Subsidiary and the location, by State and County of all material tangible personal property associated with Stations owned by the Borrower or any Restricted Subsidiary.
Ownership of Property; Intellectual Property. (a) Each of the -------------------------------------------- Borrower and the Restricted Subsidiaries has good record and indefeasible title in fee simple to, or a valid leasehold interest in, all its real property, if any, and good title to, or a valid leasehold interest in, all its other material property, if any, and none of such property is subject to any Lien except as permitted by Section 8.3. Upon the consummation of the Stock Purchase, the ----------- Borrower or the Restricted Subsidiaries, as applicable, will have good record and indefeasible title in fee simple to, or a valid leasehold interest in all of the real property, if any, and all other material property and Franchises associated with the Acquired Systems.
Ownership of Property; Intellectual Property. (a) Each Nexstar Entity has good record and indefeasible title in fee simple to, or a valid leasehold interest in, all its Real Property, and good title to, a valid leasehold interest in, or a valid right to use, all its other property and assets which are material to the operations of its businesses, in each case subject only to Permitted Liens. All Mortgaged Properties of the Credit Parties as of the Third Amendment Effective Date are listed on Schedule 5.09. The list of Real Properties owned and leased on Schedule 5.09 is a true, accurate and complete listing of all Real Property of the Credit Parties owned and/or leased by any Credit Party on the Third Amendment Effective Date. The list of repeaters, towers, transmitters and translators on Schedule 6.17(a) is a true, accurate and complete list of all repeaters, towers, transmitters and translators (other than any such equipment located on a motor vehicle which is subject to a Lien and security interest in favor of the Collateral Agent) owned and/or leased by any Credit Party on the Third Amendment Effective Date.
Ownership of Property; Intellectual Property. (a) Each of the Borrower and the Restricted Subsidiaries has good record and indefeasible title in fee simple to, or a valid leasehold interest in, all its material real property, and good title to, or a valid leasehold interest in, all its other material property, and none of such property is subject to any Lien except as permitted by Section 8.3. Schedule 5.24 (as supplemented from time to time) accurately describes the location of all real property owned or leased by the Borrower or any Restricted Subsidiary and the location, by State and County of all material tangible personal property associated with Stations owned by the Borrower or any Restricted Subsidiary.
Ownership of Property; Intellectual Property. (c) The Borrower and each Subsidiary has good title to, or valid leasehold interests in, all of its real and tangible personal property material to the operation of its business, including all such properties reflected in the most recent audited consolidated balance sheet of the Borrower referred to in Section 4.5 or purported to have been acquired by the Borrower or any Subsidiary after said date (except as sold or otherwise disposed of in the ordinary course of business), in each case free and clear of Liens prohibited by this Agreement. All leases that individually or in the aggregate are material to the business or operations of the Borrower and each Subsidiary are valid and subsisting and are in full force in all material respects. As of the Closing Date, immediately after giving effect to the Broadcast Merger, all right, title and interest in all Scripps Broadcast Assets and Journal Broadcast Assets (as each is defined in the MTA) will be owned by the Borrower and/or its wholly-owned Subsidiaries, in each case (i) free and clear of all Liens other than Permitted Liens and (ii) without any deferral as provided in Section 2.04 and/or Section 3.04 of the MTA.
