iHeartMedia 2003 Annual Report Download - page 136

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With a copy to:
Hicks, Muse, Tate & Furst Incorporated
200 Crescent Court
Suite 1600
Dallas, Texas 75201
Attention: Legal Department
Telephone: (214) 740-7300
Facsimile: (214) 740-7313
Section 6.11 Assignment. Without the prior written consent of the other
parties hereto, no party hereto may assign this Agreement or any of its rights
or obligations hereunder, in whole or in part, by operation of law or otherwise
except that the Company may, without the prior written consent of the other
parties, assign this Agreement upon a merger, consolidation, "business
combination" as defined in Part Thirteen of the Texas Business Corporation Act
as in effect on the date hereof, compulsory share exchange, recapitalization or
other similar transaction, provided that holders of the capital stock of the
Company or the surviving entity immediately prior to such transaction hold at
least a majority of the capital stock of the Company or the surviving entity
immediately after such transaction.
Section 6.12 Severability. Whenever possible, each provision or portion
of any provision of this Agreement will be interpreted in such manner as to be
effective and valid under applicable law but if any provision or portion of any
provision of this Agreement is held to be invalid, illegal or unenforceable in
any respect under any applicable law or rule in any jurisdiction, such
invalidity, illegality or unenforceability will not affect any other provision
or portion of any provision in such jurisdiction, and this Agreement will be
reformed, construed and enforced in such jurisdiction as if such invalid,
illegal or unenforceable provision or portion of any provision had never been
contained herein.
Section 6.13 Facsimile Signatures. Any signature page delivered by a
fax machine or telecopy machine shall be binding to the same extent as an
original signature page, with regard to any agreement subject to the terms
hereof or any amendment thereto. Any party who delivers such a signature page
agrees to later deliver an original counterpart to any party which requests it.
Section 6.14 Counterparts. This Agreement may be executed in
counterpart, each of which shall be deemed to be an original, but all of which,
taken together, shall constitute one and the same Agreement.
Section 6.15 Shareholder Capacity. No covenant or agreement of Thomas
O. Hicks contained herein shall be deemed to be made by him in his capacity as a
director or officer. All Shareholders other than Thomas O. Hicks shall be
jointly and severally liable for any breach of this Agreement by any
Shareholder, including Thomas O. Hicks.
Section 6.16 No Recourse Against Others. No past, present or future
partner, director, officer, employee, member or stockholder of a Shareholder or
any of their respective partners, directors, officers, employees, members or
stockholders (unless such person has executed this Agreement) shall have any
liability for any obligations of the other Shareholders under this
11