Common use of The Parent Clause in Contracts

The Parent. (a) Except as otherwise set forth in this Section 5.18, the Parent has no Indebtedness (other than (i) pursuant hereto and the other Loan Documents, (ii) certain trade payables reasonably incurred in the ordinary course of the operation of the Stations and of the Parent’s corporate headquarters and (iii) as permitted pursuant to Section 7.03); (b) The Parent has no assets other than intellectual property and furniture, fixtures and equipment located in its corporate office and certain other non-material assets not used in the operation of any Station and the Equity Interests in its Subsidiaries and contractual rights under contracts described in subsection (c) below; (c) Except as otherwise set forth in this Section 5.18, the Parent is not a party to or bound by any contract or agreement other than the Station Contracts and other contractual arrangements entered into in the ordinary course of business consistent with the restrictions set forth in subsection (d)(iii) below; and (d) Except as otherwise set forth in this Section 5.18, the Parent does not conduct any business other than (i) holding the Equity Interests in the Borrower, (ii) entering into and performing Station Contracts, and (iii) entering into and performing contracts and providing services for Subsidiaries in connection with the corporate office and other corporate overhead items consistent with past practices. There are no Liens of any nature whatsoever on any of the property or assets of the Parent except Liens permitted by Section 7.01.

The Parent. (a) Except as otherwise set forth in this Section 5.18, the Parent has no Indebtedness (other than (i) pursuant hereto and the other Loan Documentshereto, (ii) certain trade payables reasonably incurred in the ordinary course of the operation of the Stations and of the Parent’s corporate headquarters and headquarters, (iii) as permitted pursuant to the Indentures and (iv) pursuant to Section 7.03); (b) The Parent has no assets other than furniture, fixtures, intellectual property and furniture, fixtures and equipment located in its corporate office and certain other non-material assets not used in the operation of any Station and the Equity Interests in its Subsidiaries and contractual rights under contracts described in subsection (c) below; (c) Except as otherwise set forth in this Section 5.18, the Parent is not a party to or bound by any contract or agreement other than the Station Contracts and other contractual arrangements entered into in the ordinary course of business consistent with the restrictions set forth in subsection (d)(iii) below; and (d) Except as otherwise set forth in this Section 5.18, the Parent does not conduct any business other than (i) holding the Equity Interests in the Borrower, (ii) entering into and performing contracts on behalf of the Borrower and the Subsidiaries in connection with the ordinary course of operation of the Stations and the Business (the “Station Contracts”), and (iii) entering into and performing contracts and providing services for Subsidiaries in connection with the corporate office and other corporate overhead items consistent with past practices. There are no Liens of any nature whatsoever on any of the property or assets of the Parent except Liens permitted by Section 7.01.

The Parent. (a) Except as otherwise set forth in this Section 5.18, the Parent has no Indebtedness (other than (i) pursuant hereto and the other Loan Documentshereto, (ii) certain trade payables reasonably incurred in the ordinary course of the operation of the Stations and of the Parent’s corporate headquarters and headquarters, (iii) as permitted pursuant to the Indentures and (iv) pursuant to Section 7.03);, (b) The Parent has no assets other than intellectual property and furniture, fixtures and equipment located in its corporate office and certain other non-material assets not used in the operation of any Station and the Equity Interests in its Subsidiaries and contractual rights under contracts described in subsection (c) below;, (c) Except as otherwise set forth in this Section 5.18, the Parent is not a party to or bound by any contract or agreement other than the Station Contracts and other contractual arrangements entered into in the ordinary course of business consistent with the restrictions set forth in subsection (d)(iii) below; and (d) Except as otherwise set forth in this Section 5.18, the Parent does not conduct any business other than (i) holding the Equity Interests in the Borrower, (ii) entering into and performing contracts on behalf of the Borrower and the Subsidiaries in connection with the ordinary course of operation of the Stations (the “Station Contracts, ”) and (iii) entering into and performing contracts and providing services for Subsidiaries in connection with the corporate office and other corporate overhead items consistent with past practices. There are no Liens of any nature whatsoever on any of the property or assets of the Parent except Liens permitted by Section 7.01.

The Parent. (a) Except as otherwise set forth in this Section 5.18, the Parent has no Indebtedness (other than (i) pursuant hereto and the other Loan Documents, (ii) certain trade payables reasonably incurred in the ordinary course of the operation of the Stations and of the Parent’s corporate headquarters and headquarters, (iii) as permitted pursuant to the Indentures and (iv) pursuant to Section 7.03); (b) The Parent has no assets other than furniture, fixtures, intellectual property and furniture, fixtures and equipment located in its corporate office and certain other non-material assets not used in the operation of any Station and the Equity Interests in its Subsidiaries and contractual rights under contracts described in subsection (c) below; (c) Except as otherwise set forth in this Section 5.18, the Parent is not a party to or bound by any contract or agreement other than the Station Contracts and other contractual arrangements entered into in the ordinary course of business consistent with the restrictions set forth in subsection (d)(iii) below; and (d) Except as otherwise set forth in this Section 5.18, the Parent does not conduct any business other than (i) holding the Equity Interests in the Borrower, (ii) entering into and performing Station Contracts, and (iii) entering into and performing contracts and providing services for Subsidiaries in connection with the corporate office and other corporate overhead items consistent with past practices. There are no Liens of any nature whatsoever on any of the property or assets of the Parent except Liens permitted by Section 7.01.