(h) RTV shall hold at settlement all
necessary licences and permits to carry on its business. There has been no breach and will not prior to settlement be any breach of the provisions of RTV's television licence and, in particular, the terms of Clause 22 thereof have been or will be waived.
!
(i) There are now and shall at settlement
be no outstanding legal claims against RTV or HTL (other than such as may be covered by insurance or provided for or reserved against in their accounts).
(j)
RTV and HTL have not disposed of and shall not prior to settlement dispose of any part of their respective undertakings as they existed at 31st December, 1980.
(k) The values of film stocks of RTV shown
in the balance sheet in Clause 7 are true and fair and have been arrived at after allowing for depreciation in accordance with generally accepted accounting principles for assets of that type.
(1)
Proper and prudent provision for doubtful debts has been made in the accounts of RTV.
(m)
All matters material to the transaction and to the value of the shares have been disclosed to CC being matters of which the warrantors are aware or
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