Common use of Station Contracts Clause in Contracts

Station Contracts. Complete and correct copies of the Station Contracts of STC set forth in Schedules 2.3.5, 2.3.6, 2.3.8 and 2.3.9 (which schedules, as to STC, --------------------------------------- are true and correct in all material respects) have been made available to HAT and (a) each such material Station Contract and, to STC's knowledge, each such immaterial Station Contract, is in full force and effect and constitutes a legal, valid and binding obligation of STC, and, to STC's knowledge, of each other party thereto; (b) STC is not in breach or default in any material respect of the terms of any such Station Contract; (c) none of the material rights of STC under any such Station Contract will be subject to termination, nor will a default occur, as a result of the consummation of the transactions contemplated hereby, except to the extent that failure to obtain the prior consent to assignment thereof of any party thereto shall or could be interpreted to constitute a termination or modification of or a default under any such Station Contract; and (d) to the knowledge of STC, no other party to any such Station Contract is in breach or default in any material respect of the terms thereunder.

Appears in 1 contract

Samples: Asset Exchange Agreement (Hearst Argyle Television Inc)

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Station Contracts. Complete and correct copies of the Station Contracts of STC HAT set forth in Schedules 2.3.5, 2.3.6, 2.3.8 and 2.3.9 (which schedules, as to STCHAT, --------------------------------------- are true and correct in all material respects) have been made available to HAT STC and (a) each such material Station Contract and, to STCHAT's knowledge, each such immaterial Station Contract, is in full force and effect and constitutes a legal, valid and binding obligation of STCHAT, and, to STCHAT's knowledge, of each other party thereto; (b) STC HAT is not in breach or default in any material respect of the terms of any such Station Contract; (c) none of the material rights of STC HAT under any such Station Contract will be subject to termination, nor will a default occur, as a result of the consummation of the transactions contemplated hereby, except to the extent that failure to obtain the prior consent to assignment thereof of any party thereto shall or could be interpreted to constitute a termination or modification of or a default under any such Station Contract; and (d) to the knowledge of STCHAT, no other party to any such Station Contract is in breach or default in any material respect of the terms thereunder.

Appears in 1 contract

Samples: Asset Exchange Agreement (STC Broadcasting Inc)

Station Contracts. Complete and correct copies of the Station Contracts of STC HAT set forth in Schedules 2.3.5, 2.3.6, 2.3.8 and 2.3.9 (which schedules, as to STCHAT, --------------------------------------- are true --------------------------------------- and correct in all material respects) have been made available to HAT STC and (a) each such material Station Contract and, to STCHAT's knowledge, each such immaterial Station Contract, is in full force and effect and constitutes a legal, valid and binding obligation of STCHAT, and, to STCHAT's knowledge, of each other party thereto; (b) STC HAT is not in breach or default in any material respect of the terms of any such Station Contract; (c) none of the material rights of STC HAT under any such Station Contract will be subject to termination, nor will a default occur, as a result of the consummation of the transactions contemplated hereby, except to the extent that failure to obtain the prior consent to assignment thereof of any party thereto shall or could be interpreted to constitute a termination or modification of or a default under any such Station Contract; and (d) to the knowledge of STCHAT, no other party to any such Station Contract is in breach or default in any material respect of the terms thereunder.

Appears in 1 contract

Samples: Asset Exchange Agreement (Hearst Argyle Television Inc)

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Station Contracts. Complete and correct copies of the Station Contracts of STC set forth in Schedules 2.3.5, 2.3.6, 2.3.8 and 2.3.9 (which schedules, as to STC, --------------------------------------- are true and correct in all material respects) have been made available to HAT and (a) each such material Station Contract and, to STC's knowledge, each such immaterial Station Contract, is in full force and effect and constitutes a legal, valid and binding obligation of STC, and, to STC's knowledge, of each other party thereto; (b) STC is not in breach or default in any material respect of the terms of any such Station Contract; (c) none of the material rights of STC under any such Station Contract will be subject to termination, nor will a default occur, as a result of the consummation of the transactions contemplated hereby, except to the extent that failure to obtain the prior consent to assignment thereof of any party thereto shall or could be interpreted to constitute a termination or modification of or a default under any such Station Contract; and (d) to the knowledge of STC, no other party to any such Station Contract is in breach or default in any material respect of the terms thereunder.

Appears in 1 contract

Samples: Asset Exchange Agreement (STC Broadcasting Inc)

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