Common use of Representations and Warranties of Paxsxx Clause in Contracts

Representations and Warranties of Paxsxx. Xaxsxx xxxresents and warrants to Licensee as follows: (a) Paxsxx xxx full corporate power and authority to execute and deliver this Option Agreement and to consummate the transactions contemplated hereby. The execution and delivery of this Option Agreement and the consummation of the transactions contemplated hereby by Paxsxx xxxe been duly and validly authorized by all necessary corporate action on the part of Paxsxx. Xhis Option Agreement has been duly and validly executed and delivered by Paxsxx xxx constitutes a legal, valid and binding agreement of Paxsxx xxxorceable against Paxsxx xx accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency or similar laws affecting creditors' rights generally and by judicial discretion in the enforcement of equitable remedies. (b) Except for the FCC Consent, there is no requirement applicable to Paxsxx xx make any filing with, or to obtain any permit, authorization, consent or approval of, any governmental or regulatory authority or any other third party as a condition to the consummation by Paxsxx xx the transactions contemplated by this Option Agreement and the Option Purchase Agreement. (c) Subject to obtaining the FCC Consent, the execution, delivery and performance of this Option Agreement and the Option Purchase Agreement by Paxsxx xxxl not (i) conflict with Paxsxx'x xxxanizational documents, (ii) result in a default (or give rise to any right of termination, cancellation or acceleration) under any of the terms, conditions or provisions of any note, bond, mortgage, agreement, or lease to which Paxsxx xx a party or by which any of its assets are bound, or (iii) violate any statute, law, rule, regulation, order, writ, injunction or decree applicable to Paxsxx.

Representations and Warranties of Paxsxx. Xaxsxx xxxresents and warrants to Licensee Grantor as follows: (a) Paxsxx xxx xx a Florida corporation and has full corporate power and authority to execute and deliver this Option Agreement and to consummate the transactions contemplated hereby. The execution and delivery of this Option Agreement and the consummation of the transactions contemplated hereby by Paxsxx xxxe been duly and validly authorized by all necessary corporate action on the part of Paxsxx. Xhis Xxis Option Agreement has been duly and validly executed and delivered by Paxsxx xxx constitutes a legal, valid and binding agreement of Paxsxx xxxorceable against Paxsxx xx accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency or similar laws affecting creditors' rights generally and by judicial discretion in the enforcement of equitable remedies. (b) Except for the FCC Consent, there is no requirement applicable to Paxsxx xx make any filing with, or to obtain any permit, authorization, consent or approval of, any governmental or regulatory authority or any other third party as a condition to the consummation by Paxsxx xx of the transactions contemplated by this Option Agreement and the Option Asset Purchase Agreement, and, Paxsxx xx required to make no filing with the FCC except for filing the application for the FCC Consent and notice of consummation of the assignment of license when that takes place. (c) Subject to obtaining the FCC Consent, the execution, delivery and performance of this Option Agreement and the Option Purchase Agreement by Paxsxx xxxl not (i) conflict with Paxsxx'x xxxanizational documents, (ii) result in a default (or give rise to any right of termination, cancellation or acceleration) under any of the terms, conditions or provisions of any note, bond, mortgage, agreement, or lease to which Paxsxx xx a party or by which any of its assets are bound, or (iii) violate any statute, law, rule, regulation, order, writ, injunction or decree applicable to Paxsxx.

Representations and Warranties of Paxsxx. Xaxsxx xxxresents and warrants to Licensee CNI-13 as follows: (a) Paxsxx xxx full corporate power and authority to execute and deliver this Option Agreement and to consummate the transactions contemplated hereby. The execution and delivery of this Option Agreement and the consummation of the transactions contemplated hereby by Paxsxx xxxe been duly and validly authorized by all necessary corporate action on the part of Paxsxx. Xhis Option Agreement has been duly and validly executed and delivered by Paxsxx xxx constitutes a legal, valid and binding agreement of Paxsxx xxxorceable against Paxsxx xx accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency or similar laws affecting creditors' rights generally and by judicial discretion in the enforcement of equitable remedies. (b) Except for the FCC Consent, there is no requirement applicable to Paxsxx xx make any filing with, or to obtain any permit, authorization, consent or approval of, any governmental or regulatory authority or any other third party as a condition to the consummation by Paxsxx xx the transactions contemplated by this Option Agreement and the Option Purchase Agreement. (c) Subject to obtaining the FCC Consent, the execution, delivery and performance of this Option Agreement and the Option Purchase Agreement by Paxsxx xxxl not (i) conflict with Paxsxx'x xxxanizational documents, (ii) result in a default (or give rise to any right of termination, cancellation or acceleration) under any of the terms, conditions or provisions of any note, bond, mortgage, agreement, or lease to which Paxsxx xx a party or by which any of its assets are bound, or (iii) violate any statute, law, rule, regulation, order, writ, injunction or decree applicable to Paxsxx.

Representations and Warranties of Paxsxx. Xaxsxx xxxresents and warrants to Licensee CNI-26 as follows: (a) Paxsxx xxx full corporate power and authority to execute and deliver this Option Agreement and to consummate the transactions contemplated hereby. The execution and delivery of this Option Agreement and the consummation of the transactions contemplated hereby by Paxsxx xxxe been duly and validly authorized by all necessary corporate action on the part of Paxsxx. Xhis Option Agreement has been duly and validly executed and delivered by Paxsxx xxx constitutes a legal, valid and binding agreement of Paxsxx xxxorceable against Paxsxx xx accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency or similar laws affecting creditors' rights generally and by judicial discretion in the enforcement of equitable remedies. (b) Except for the FCC Consent, there is no requirement applicable to Paxsxx xx make any filing with, or to obtain any permit, authorization, consent or approval of, any governmental or regulatory authority or any other third party as a condition to the consummation by Paxsxx xx the transactions contemplated by this Option Agreement and the Option Purchase Agreement. (c) Subject to obtaining the FCC Consent, the execution, delivery and performance of this Option Agreement and the Option Purchase Agreement by Paxsxx xxxl not (i) conflict with Paxsxx'x xxxanizational documents, (ii) result in a default (or give rise to any right of termination, cancellation or acceleration) under any of the terms, conditions or provisions of any note, bond, mortgage, agreement, or lease to which Paxsxx xx a party or by which any of its assets are bound, or (iii) violate any statute, law, rule, regulation, order, writ, injunction or decree applicable to Paxsxx.

Representations and Warranties of Paxsxx. Xaxsxx xxxresents and warrants to Licensee PNB as follows: (a) Paxsxx xxx full corporate power and authority to execute and deliver this Option Agreement and to consummate the transactions contemplated hereby. The execution and delivery of this Option Agreement and the consummation of the transactions contemplated hereby by Paxsxx xxxe been duly and validly authorized by all necessary corporate action on the part of Paxsxx. Xhis Option Agreement has been duly and validly executed and delivered by Paxsxx xxx constitutes a legal, valid and binding agreement of Paxsxx xxxorceable against Paxsxx xx accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency or similar laws affecting creditors' rights generally and by judicial discretion in the enforcement of equitable remedies. (b) Except for the FCC Consent, there is no requirement applicable to Paxsxx xx make any filing with, or to obtain any permit, authorization, consent or approval of, any governmental or regulatory authority or any other third party as a condition to the consummation by Paxsxx xx the transactions contemplated by this Option Agreement and the Option Purchase Agreement. (c) Subject to obtaining the FCC Consent, the execution, delivery and performance of this Option Agreement and the Option Purchase Agreement by Paxsxx xxxl not (i) conflict with Paxsxx'x xxxanizational documents, (ii) result in a default (or give rise to any right of termination, cancellation or acceleration) under any of the terms, conditions or provisions of any note, bond, mortgage, agreement, or lease to which Paxsxx xx a party or by which any of its assets are bound, or (iii) violate any statute, law, rule, regulation, order, writ, injunction or decree applicable to Paxsxx.