Common use of Administrative Violations Clause in Contracts

Administrative Violations. If Company receives any finding, order, ------------------------- complaint, citation or notice prior to Closing which states that any aspect of the Business' operation violates or may violate any rule, regulation or order of the Commission or of any other Governmental Authority (an "Administrative Violation"), including, any rule, regulation or order concerning environmental protection, the employment of labor or equal employment opportunity, Company shall promptly notify Buyer of the Administrative Violation, use its commercially reasonable efforts to remove or correct the Administrative Violation, and be responsible prior to Closing for the payment of all costs associated therewith, including any fines or back pay that may be assessed.

Appears in 1 contract

Samples: Stock Purchase Agreement (Radio One Inc)

AutoNDA by SimpleDocs

Administrative Violations. If Company receives any finding, order, ------------------------- complaint, citation or notice prior to Closing which states that any aspect of the Business' operation violates or may violate any rule, regulation or order of the Commission or of any other Governmental Authority (an "Administrative Violation"), including, any rule, regulation or order concerning environmental protection, the employment of labor or equal employment opportunity, Shareholders will cause the Company shall to promptly notify Buyer of the Administrative Violation, Violation and to use its commercially reasonable best efforts to remove or correct the Administrative Violation, and be responsible prior to Closing for the payment of all costs associated therewith, including any fines or back pay that may be assessed.

Appears in 1 contract

Samples: Stock Purchase Agreement (Radio One Inc)

AutoNDA by SimpleDocs

Administrative Violations. If Company receives any finding, order, ------------------------- complaint, citation or notice prior to Closing which states that any aspect of the Business' operation violates or may violate any rule, regulation or order of the Commission or of any other Governmental Authority (an "Administrative Violation"), including, any rule, regulation or order concerning environmental protection, the employment of labor or equal employment opportunity, Company shall promptly notify Buyer of the Administrative Violation, use its commercially reasonable efforts to remove or correct the Administrative Violation, and be responsible prior to Closing for the payment of all costs associated therewith, including any fines or back pay that may be assessed.

Appears in 1 contract

Samples: Option and Stock Purchase Agreement (Radio One Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!