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Investor Relations

SEC Filings

8-K
GRAHAM HOLDINGS CO filed this Form 8-K on 05/06/1994
Entire Document
 
<PAGE>   41
case may be) which Blue Ridge Real Property Leases and HT Joint Venture Real
Property Leases are, in each case, directly with the fee simple owners of the
Blue Ridge Leased Real Property or HT Joint Venture Leased Real Property,
respectively, covered thereby.

                 (f)      Except to the extent specified on Schedule 5.1.7(f),
neither Seller nor, as regards the Blue Ridge Owned Real Property and Blue
Ridge Leased Real Property, Blue Ridge, nor, as regards the HT Joint Venture
Owned Real Property and HT Joint Venture Leased Real Property, the HT Joint
Venture, has leased or sublet, as lessor or sublessor, and no third party is in
possession of, any of the Real Property.  Neither Seller nor, as regards the
Blue Ridge Owned Real Property and Blue Ridge Leased Real Property, Blue Ridge,
nor, as regards the HT Joint Venture Owned Real Property and HT Joint Venture
Leased Real Property, the HT Joint Venture, has transferred any air rights,
subsurface rights or development rights relating to the Real Property, and no
portion of the Real Property has been condemned, requisitioned or otherwise
taken by any Governmental Entity (and, to Seller's knowledge, no such
condemnation, requisition or taking is threatened or contemplated).

                 (g)      Except to the extent specified on Schedule 5.1.7(g),
all buildings, structures (including broadcast transmission towers),
improvements, fixtures and facilities included in the Real Property and all
components thereof, including the roofs and structural elements thereof and the
heating, ventilation, air conditioning, plumbing, electrical, mechanical,
sewer, potable water, waste water, storm water, paving and parking equipment,
systems and facilities included therein, are in good operating condition and
repair, subject to normal (considering their age) wear and tear, are adequate
and sufficient for the uses to which they are put in the conduct of the
Businesses or the business activities of Blue Ridge or the HT Joint Venture, as
the case may be, are free from material defects and do not require maintenance
or repairs other than ordinary, routine maintenance and repairs which are not
material in cost or nature.  Except to the extent specified on Schedule
5.1.7(g), the walls, roofs and subterranean portions, if any, of the buildings,
structures and other improvements included in the Real Property are sound and
watertight.  Except to the extent specified on Schedule 5.1.7(g), to the
knowledge of Seller, there is no water diffusion or other intrusion into any
buildings, structures or other improvements included in the Real Property that
would impair the value or use thereof in connection with the conduct of the
Businesses or the business activities of Blue Ridge or the HT Joint Venture, as
the case may be.  Any express warranties given





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