Common use of Advertising Obligations Clause in Contracts

Advertising Obligations. The Seller shall satisfy its air time obligations under its agreements for sale of air time and advertising on the Stations for goods or services ("Barter Agreements") (excluding arrangements for the supply of programming and the right to use the Z-ROCK trademark) such that the outstanding aggregate balance owing under all Barter Agreements as of the Closing Date shall not exceed Five Thousand Dollars ($5,000.00) worth of air time without the Buyers' consent. On the Closing Date, the Seller shall deliver to the Buyers a schedule, certified by an officer of the Seller, reflecting the aggregate outstanding balances under all Barter Agreements in existence as of the Closing Date.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Cumulus Media Inc), Asset Purchase Agreement (Cumulus Media Inc)

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Advertising Obligations. The Seller shall satisfy its air time obligations under its agreements for sale of air time and advertising on the Stations Station for goods or services ("Barter Agreements") (excluding arrangements for the supply of programming and the right to use the Z-ROCK trademark) such that the outstanding aggregate balance owing under all Barter Agreements as of the Closing Date shall not exceed Five Twenty Thousand Dollars ($5,000.0020,000.00) worth of air time without the Buyers' consent. On the Closing Date, the Seller shall deliver to the Buyers a schedule, certified by an officer of the Seller, reflecting the aggregate outstanding balances under all Barter Agreements in existence as of the Closing Date, which obligations shall be assumed by Buyers.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Cumulus Media Inc), Asset Purchase Agreement (Cumulus Media Inc)

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Advertising Obligations. The Seller shall satisfy its air time obligations under its agreements for sale of air time and advertising on the Stations for goods or services ("Barter Agreements") (excluding arrangements for the supply of programming and the right to use the Z-ROCK trademark) such that the outstanding aggregate balance owing under all Barter Agreements as of the Closing Date shall not exceed Five Sixty Thousand Dollars ($5,000.0060,000) worth of air time without the Buyers' consent, provided that such Barter Agreements shall be for the benefit of the Stations. On the Closing Date, the Seller shall deliver to the Buyers a schedule, certified by an officer of the Seller, reflecting the aggregate outstanding balances under all Barter Agreements in existence as of the Closing Date.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Cumulus Media Inc), Asset Purchase Agreement (Cumulus Media Inc)

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