Common use of Advertising Obligations Clause in Contracts

Advertising Obligations. The Sellers shall satisfy air time obligations for goods or services under Advertising Contracts such that the outstanding aggregate balance owing under all such Advertising Contracts as of the Closing Date shall not exceed Five Thousand Dollars ($5,000.00) worth of air time. On the Closing Date, the Sellers shall deliver to the Operating Company a schedule, certified by an officer of the Sellers, reflecting all such Advertising Contracts and the daily value thereof and outstanding balances thereunder 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 Sellers Seller shall satisfy its air time obligations for goods or services under its Advertising Contracts such that the outstanding aggregate balance owing under all such Advertising Contracts as of the Closing Date shall not exceed Five Thousand Dollars ($5,000.00) worth of air time. On the Closing Date, the Sellers Seller shall deliver to the Operating Company a schedule, certified by an officer of the SellersSeller, reflecting all such Advertising Contracts and the daily value thereof and outstanding balances thereunder 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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