Televisja Wisla Sp Sample Clauses

Televisja Wisla Sp z.o.o. ("TV Wisla") has been issued the License required under applicable Polish law for the purposes of carrying on its broadcast operations as described in the Prospectus (collectively, the "Polish License"); to the best knowledge of such counsel, there are no orders outstanding which have been made against the Polish Subsidiary or TV Wisla; no application, action or proceeding is pending or threatened that may result in the revocation, modification, nonrenewal or suspension of the Polish License, or the imposition of any administrative sanction; the issuance and sale of the Securities hereunder will not lead to the revocation, modification, nonrenewal or suspension of the Polish License, or the imposition of any administrative sanction; and there have been no breaches of the terms of the Polish License (except as disclosed and correctly summarized in the Prospectus) which would lead any regulatory authorities to take any action under their respective powers in relation thereto;
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