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EXHIBIT 10.70
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EXHIBIT 10.70
PARTIAL ASSIGNMENT AND ASSUMPTION
OF TIME BROKERAGE AGREEMENT
This Partial Assignment and Assumption of Time Brokerage Agreement
made as of the 15 day of May, 1994, by and among Bradenton Broadcast
Television Company, Ltd. ("Licensee"), The Christian Network, Inc.
("Programmer"), and Xxxxxx Communications of Tampa-66, Inc. ("Xxxxxx").
RECITALS:
1. Licensee and Programmer are parties to a Time Brokerage
Agreement dated as of December 17, 1993 (the "Agreement"), pursuant to which
Programmer has agreed to provide programming for television broadcast station
WTBG-TV, Channel 66, Bradenton, Florida (the "Station"), subject to all rules,
regulations and policies of the Federal Communications Commission and to
Licensee's full authority to control the operation of the Station.
2. Programmer desires to assign, in part, its rights and
interests under the Agreement to Xxxxxx, and Xxxxxx desires to assume, in part,
Programmer's obligations under the Agreement.
NOW, THEREFORE, in consideration of the mutual covenants contained
herein, and of other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereby agree as
follows:
1. Assignment and Assumption. Programmer hereby assigns to
Xxxxxx Programmer's rights under the Agreement insofar as such rights relate to
the provision of up to 12 hours per day of programming for the Station, subject
to all of the terms and conditions applicable to Programmer's provision of its
programming to the Station. Xxxxxx hereby assumes all of Programmer's payment
obligations under the Agreement. Licensee hereby acknowledges and consents to
such assignment and assumption.
2. Rights and Obligations. All rights of Programmer under the
Agreement shall apply to Xxxxxx insofar as and to the extent such rights are
applicable to Xxxxxx'x provision of up to 12 hours per day of programming for
the Station. All payment obligations of Programmer under the Agreement shall
apply to and shall be satisfied by Xxxxxx.
3. Miscellaneous.
(a) Descriptive Headings. The descriptive headings of
the several sections of this Partial Assignment are inserted for convenience
only and shall not affect the meaning or construction of any of the provisions
hereof.
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(b) Governing Law. This Partial Assignment and the
rights and obligations of the parties hereunder shall be construed in
accordance with and shall be governed by the laws of the State of Florida.
(c) Counterparts. This Partial Assignment may be
executed in one or more counterparts, each of which shall constitute an
original agreement, but all of which together shall constitute one and the same
instrument.
BRADENTON BROADCAST
TELEVISION COMPANY, LTD.
By: Xxxxx Xxxxxx Xxxxxx,
its General Partner
/s/ Xxxxx Xxxxxx Xxxxxx
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THE CHRISTIAN NETWORK, INC.
By: /s/ Xxxxx X. Xxxx
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Name: Xxxxx X. Xxxx
Title: Chairman
XXXXXX COMMUNICATIONS OF TAMPA-66, INC.
By: /s/ Xxxxxxx X. Xxxxxx
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Name: Xxxxxxx X. Xxxxxx
Title: Secretary
