Title to Contributed Assets. Except as set forth in Section 5.5 of the Disclosure Schedule, (a) Liberty 1 has good, valid and marketable title to, or other legal right to use, all the FCC Licenses, and (b) Liberty 2 has good, valid and marketable title to, or other legal right to use all the Station Assets, in both cases free and clear of any Lien other than Permitted Liens.
Appears in 2 contracts
Sources: Master Richmond Station Group Agreement (SFX Broadcasting Inc), SFX Contribution Agreement (SFX Broadcasting Inc)