Common use of Station Licenses Clause in Contracts

Station Licenses. The Station Licenses are all of the licenses, permits, and other authorizations used or necessary to lawfully operate the Station in the manner and to the full extent as it is now operated, and the Station Licenses are validly issued in the name of Seller. Seller has delivered to Buyer true and complete copies of the Station Licenses, including any and all amendments and other modifications thereto. The Station Licenses are in full force and effect, are valid for the balance of the current license term applicable generally to radio stations licensed to communities in the state where the Station is located, are unimpaired by any acts or omissions of Seller or any of its affiliates, or the employees, agents, officers, directors, or shareholders of Seller or any of its affiliates, and are free and clear of any restrictions which might limit the full operation of the Station in the manner and to the full extent as it is now operated (other than restrictions under the terms of the licenses themselves). There are no applications, proceedings, or complaints pending or, to the knowledge of Seller, threatened which may have an adverse effect on the business or operation of the Station (other than rulemaking proceedings that apply to the radio broadcasting industry generally). Seller is not aware of any reason why those of the Station Licenses subject to expiration might not be renewed in the ordinary course for a full term without material qualifications or of any reason why any of the Station Licenses might be revoked. The Station is in compliance with the Commission's policy on exposure to radio frequency radiation. No renewal of any Station License would constitute a major environmental action under the rules of the Commission. There are no facts which, under the Communications Act of 1934, as amended, or the existing rules of the Commission, would disqualify Seller from assigning the Station Licenses or from consummating the

Station Licenses. The Station Licenses are all of the licenses, permits, and other authorizations used or necessary to lawfully operate the Station Stations in the manner and to the full extent as it is now operatedthey are operated as of the date hereof, and the Station Licenses are validly issued in the name of Seller. Seller has delivered to Buyer true and complete copies of the Station LicensesLicenses that are material to the operation of the Stations, including any and all amendments and other modifications thereto. The As of the date hereof, and, except to the extent caused by Buyer's performance or non-performance under the Time Brokerage Agreement, as of Closing, the Station Licenses are in full force and effect, ; are valid for the balance of the current license term applicable generally (the expiration date of which is shown on Schedule 1.1 for each Station License), except where such term expires prior to radio stations licensed Closing, in which case such Station Licenses will, except to communities in the state where extent caused by Buyer's performance or non-performance under the Station is locatedTime Brokerage Agreement, have been renewed prior to Closing and will be valid for the new license term; are unimpaired by any acts or omissions of Seller or any of its affiliates, or the employees, agents, officers, directors, or shareholders of Seller or any of its affiliates, ; and are free and clear of any restrictions which might limit the full operation of the Station Stations in the manner and to the full extent as it is now they are operated on the date hereof (other than restrictions under the terms of the licenses themselvesthemselves or of the Commission's rules). There As of the date hereof and, except to the extent caused by Buyer's performance or non-performance under the Time Brokerage Agreement, as of Closing, there are no applications, proceedings, or complaints pending or, to the knowledge of Seller, threatened which may have an a material adverse effect on the business or operation of the Station Stations (other than rulemaking proceedings that apply to the radio broadcasting industry generally). Seller is not aware of any reason why those of the Station Licenses subject to expiration might not be renewed in the ordinary course for a full term without material qualifications or of any reason why any of the Station Licenses might be revoked. The Station is in compliance with the Commission's policy on exposure to radio frequency radiation. No renewal of any Station License would constitute a major environmental action under the rules As of the Commission. There are no facts whichdate hereof and, under the Communications Act of 1934, as amended, or the existing rules of the Commission, would disqualify Seller from assigning the Station Licenses or from consummating theexcept to

Station Licenses. The Station Licenses are all of the licenses, permits, and other authorizations used or necessary to lawfully operate the Station Stations in the manner and to the full extent as it is they are now operated, and the Station Licenses are validly issued in the name of Seller. Seller has delivered to Buyer true and complete copies of the Station Licenses, including any and all amendments and other modifications thereto. The Station Licenses are in full force and effect, are valid on the date hereof and as of the Closing Date for the balance of the current license term applicable generally to radio stations licensed to communities in the state where each of the Station is Stations are located, are unimpaired by any acts or omissions of Seller or any of its affiliates, or the employees, agents, officers, directors, or shareholders of Seller or any of its affiliates, and are free and clear of any restrictions which might limit the full operation of the Station Stations in the manner and to the full extent as it is now operated (other than restrictions under the terms of the licenses themselvesthemselves or generally applicable under the rules and regulations of the FCC). There are no applications, proceedings, or complaints pending or, to the knowledge of Seller, threatened which may have an adverse effect on the business or operation of the Station Stations (other than rulemaking proceedings that apply to the radio broadcasting industry generally). Seller is not aware of any reason why those of the Station Licenses subject to expiration might not be renewed in the ordinary course for a full term without material qualifications or of any reason why any of the Station Licenses might be revoked. The Station Each of the Stations is in compliance with the Commission's policy on exposure to radio frequency radiation. No renewal of any Station License would constitute a major environmental action under the rules of the Commission. There are no facts which, under the Communications Act of 1934, as amended, or the existing rules of the Commission, would disqualify Seller from assigning the Station Licenses or from consummating thethe transactions contemplated herein within the times contemplated herein. Seller maintains an appropriate public inspection file at each Station's studio in accordance with Commission rules. Access to the Stations' transmission facilities are restricted in accordance with the policies of the Commission.

Station Licenses. The Station Licenses are all of the licenses, permits, and other authorizations used or necessary to lawfully operate the Station Stations in the manner and to the full extent as it is they are now operated, and the Station Licenses are validly issued in the name of Seller. Seller has delivered to Buyer true and complete copies of the Station Licenses, including any and all amendments and other modifications thereto. The Station Licenses are in full force and effect, are valid for the balance of the current license term applicable generally to radio stations licensed to communities in the state where the Station is Stations are located, so far as Seller has any knowledge, are unimpaired by any acts or omissions of Seller or any of its affiliates, or the employees, agents, officers, directors, or shareholders of Seller or any of its affiliates, and are free and clear of any restrictions which might limit the full operation of the Station Stations in the manner and to the full extent as it is they are now operated (other than restrictions under the terms of the licenses themselves). There are no applications, proceedings, or complaints pending or, to the knowledge of Seller, threatened which may have an adverse effect on the business or operation of the Station Stations (other than rulemaking proceedings that apply to the radio broadcasting industry generally). Seller is not aware of any reason why those of the Station Licenses subject to expiration might not be renewed in the ordinary course for a full term without material qualifications or of any reason why any of the Station Licenses might be revoked. The Station is Stations are in compliance with the Commission's policy on exposure to radio frequency radiation. No renewal of any Station License would constitute a major environmental action under the rules of the Commission. There are no facts which, under the Communications Act of 1934, as amended, or the existing rules of the Commission, would disqualify Seller from assigning the Station Licenses or from consummating thethe transactions contemplated herein within the times contemplated herein. Seller maintains an appropriate public inspection file at the Stations' studio in accordance with Commission rules. Access to the Stations' transmission facilities are restricted in accordance with the policies of the Commission.

Station Licenses. The Station Licenses are all of the licenses, ---------------- permits, and other authorizations used or necessary to lawfully operate the Station Stations in the manner and to the full extent as it is they are now operated, and the Station Licenses are validly issued in the name of Seller. Seller has delivered to Buyer true and complete copies of the Station Licenses, including any and all amendments and other modifications thereto. The Station Licenses are in full force and effect, are valid for the balance of the current license term applicable generally to radio stations licensed to communities in the state where the Station each of the Stations is located, are unimpaired by any acts or omissions of Seller or any of its affiliates, or the employees, agents, officers, directors, or shareholders of Seller or any of its affiliates, and are free and clear of any restrictions which might limit the full operation of the Station Stations in the manner and to the full extent as it is now operated (other than restrictions under the terms of the licenses themselvesthemselves or generally applicable under the rules and regulations of the FCC). There are no applications, proceedings, or complaints pending or, to the knowledge of Seller, threatened which may have an adverse effect on the business or operation of the Station Stations (other than rulemaking proceedings that apply to the radio broadcasting industry generally). Seller is not aware of any reason why those of the Station Licenses subject to expiration might not be renewed in the ordinary course for a full term without material qualifications or of any reason why any of the Station Licenses might be revoked. The Station Each of the Stations is in compliance with the Commission's policy on exposure to radio frequency radiation. No renewal of any Station License would constitute a major environmental action under the rules of the Commission. There are no facts which, under the Communications Act of 1934, as amended, or the existing rules of the Commission, would disqualify Seller from assigning the Station Licenses or from consummating thethe transactions contemplated herein within the times contemplated herein. Seller maintains an appropriate public inspection file at each Station's studio in accordance with Commission rules. Access to the Stations' transmission facilities are restricted in accordance with the policies of the Commission.