Advertising Obligations. The Company shall satisfy its air time obligations under its Advertising Contracts for goods or services ("Barter Agreements") such that the outstanding aggregate balance owing under all Barter Agreements as of the Closing Date (taking into account both trade receivables and trade payables) shall not exceed Twenty-Five Thousand Dollars ($25,000) worth of air time. On the Closing Date, the Sellers shall deliver to the Buyer a schedule, certified by an officer of the Company, reflecting the aggregate outstanding balances under all Barter Agreements in existence as of the Closing Date.
Appears in 2 contracts
Samples: Stock Purchase Agreement (Cumulus Media Inc), Stock Purchase Agreement (Cumulus Media Inc)
Advertising Obligations. The Company shall satisfy its air time obligations under its Advertising Contracts for goods or services ("Barter Agreements") such that the outstanding aggregate balance owing under all Barter Agreements as of the Closing Date (taking into account both trade receivables and trade payables) shall not exceed Twenty-Five Ten Thousand Dollars ($25,00010,000) worth of air time. On the Closing Date, the Sellers Seller shall deliver to the Buyer a schedule, certified by an officer of the Company, reflecting the aggregate outstanding balances under all Barter Agreements in existence as of the Closing Date.
Appears in 2 contracts
Samples: Stock Purchase Agreement (Cumulus Media Inc), Stock Purchase Agreement (Cumulus Media Inc)
Advertising Obligations. The Company shall satisfy its air time obligations under its Advertising Contracts for goods or services ("Barter Agreements") such that the outstanding aggregate balance owing under all Barter Agreements as of the Closing Date (taking into account both trade receivables and trade payables) shall not exceed Twenty-Five Thousand Dollars ($25,0005,000) worth of air time. On the Closing Date, the Sellers Seller shall deliver to the Buyer a schedule, certified by an officer of the Company, reflecting the aggregate outstanding balances under all Barter Agreements in existence as of the Closing Date.
Appears in 2 contracts
Samples: Stock Purchase Agreement (Cumulus Media Inc), Stock Purchase Agreement (Cumulus Media Inc)