Purchased Interests. Subject to the terms and conditions hereof, at the Closing (defined below), Emmis shall sell and assign and Sinclair shall purchase and acquire the Purchased Interests free and clear of any and all liens, mortgages, pledges, security interests, claims, encumbrances or any interests of any third party (collectively, “Liens”).

Purchased Interests. Subject toBetween the termsdate of this Agreement and conditions hereof, atClosing, without the Closing (defined below),prior written consent of Sinclair, Emmis shall sell and assign and Sinclair shall purchase and acquirenot dispose of or agree to dispose of the Purchased Interests free and clear ofInterests, or permit to exist any and all liens, mortgages, pledges, security interests, claims, encumbrances or any interests of any third party (collectively, “Liens”).Liens other than the Pledge upon, the Purchased Interests.

Purchased Interests. Subject to the terms and conditions hereof, at the Closing (defined below), Emmis shall sell and assign and Sinclair shall purchase and acquireowns the Purchased Interests free and clear of any and all liens, mortgages, pledges, security interests, claims, encumbrancesLiens, except for the pledge described on [Schedule 2.4] attached hereto (the “Pledge”), which is to be released at or any interests of any third party (collectively, “Liens”).prior to Closing.