Broadcast Assets definition
Examples of Broadcast Assets in a sentence
All Assets held in trust to fund, and all insurance policies funding, any Liabilities expressly assumed or retained by Scripps and its Subsidiaries (other than the Scripps Newspaper Entities) pursuant to the operation of this Section 2.01(c) shall be Scripps Broadcast Assets, except to the extent specifically provided otherwise in this Agreement or the MTA.
There are no present disputes as to taxes of any nature payable by Alta which in any event could adversely affect any of the Broadcast Assets or the operation of the Stations.
No material adverse change in condition or status of the Stations or the Broadcast Assets, which change is caused by or arises out of any breach by either Alta or Redwood of any of its representations, warranties, covenants or agreements hereunder or under the Time Brokerage Agreement, shall have occurred, be threatened or be reasonably likely to occur.
There are no present disputes as to taxes of any nature payable by Regent which in any event could adversely affect any of the Broadcast Assets or the operation of the Stations.
Except as set forth in Exhibit 20(s), all items of tangible personal property included in the Broadcast Assets are in good and technically sound operating condition and repair (ordinary wear and tear excepted), are free from all material defect and damage, are suitable for the purposes for which they are now being used, and have been maintained in a manner consistent with generally accepted standards of good engineering practice.
All Assets held in trust to fund, and all insurance policies funding, any Liabilities expressly assumed or retained by Journal and its Subsidiaries (other than the Journal Newspaper Entities) pursuant to the operation of this Section 2.02(c) shall be Journal Broadcast Assets, except to the extent specifically provided otherwise in this Agreement or the MTA.
Prior to the Distribution Time, subject to Section 2.04, Scripps and its Subsidiaries shall take all such actions as are necessary or appropriate (including executing and delivering such bills of sale, stock powers, certificates of title and instruments of assumption) to cause (A) Scripps or the Scripps Broadcast Entities to own all of the Scripps Broadcast Assets and (B) Scripps or the Scripps Broadcast Entities to assume and be subject to all of the Scripps Broadcast Liabilities.
Except as disclosed in Exhibit 20(s), Alta has good and marketable title to all of the items of tangible personal property which are included in the Broadcast Assets (other than those subject to lease) and none of such Broadcast Assets is, or at the Closing will be, subject to any security interest, mortgage, pledge, lease, license, lien, encumbrance, title defect or other charge, except for liens for taxes not yet due and payable.
Prior to the Distribution Time, subject to Section 3.04, Journal and its Subsidiaries shall take all such actions as are necessary or appropriate (including executing and delivering such bills of sale, stock powers, certificates of title and instruments of assumption) to cause (A) Journal or the Journal Broadcast Entities to own all of the Journal Broadcast Assets and (B) Journal or the Journal Broadcast Entities to assume and be subject to all of the Journal Broadcast Liabilities.
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