Common use of Conduct of Business in Ordinary Course Clause in Contracts

Conduct of Business in Ordinary Course. Since August 1, 1996, Seller has conducted the business and operations of the Stations only in the ordinary course and have not: (a) Suffered any material adverse change in the business, assets, or properties of any of the Stations, including any damage, destruction, or loss affecting any assets used or useful in the conduct of the business of any of the Stations; (b) Made any material increase in compensation payable or to become payable to any of the employees of the Stations, or any bonus payment made or promised to any employee of the Stations, or any material change in personnel policies, employee benefits, or other compensation arrangements affecting the employees of the Stations; (c) Made or permitted License Corp. to make any sale, assignment, lease, or other transfer of any of the Stations' properties other than in the normal and usual course of business with suitable replacements being obtained therefor; (d) Canceled any debts owed to or claims held by the owner of any Station with respect to such Station, except in the normal and usual course of business; (e) Suffered any material write-down of the value of any Assets; or (f) Transferred or granted any right under, or entered into any settlement regarding the breach or infringement of, any license, patent, copyright, trademark, trade name, franchise, or similar right, or modified any existing right relating to any of the Stations.

Conduct of Business in Ordinary Course. Since August 1December 31, 19961997, Seller has Sellers have conducted the business and operations of the Stations Station only in the ordinary course and have has not: (a) Suffered any material adverse change in the business, assets, or properties of any of the StationsStation, including any damage, destruction, or loss affecting any assets used or useful in the conduct of the business of any of the StationsStation; (b) Made any material increase in compensation payable or to become payable to any of the employees of the StationsStation, or any bonus payment made or promised to any employee of the StationsStation, or any material change in personnel policies, employee benefits, or other compensation arrangements affecting the employees of the StationsStation; (c) Made or permitted License Corp. to make any sale, assignment, lease, or other transfer of any of the Stations' Station's properties other than in the normal and usual course of business with suitable replacements being obtained therefor; (d) Canceled any debts owed to or claims held by the owner of any Station either Seller with respect to such the Station, except in the normal and usual course of business; (e) Suffered any material write-down of the value of any AssetsAssets or any material write-off as uncollectible of any accounts receivable of the Station; or (f) Transferred or granted any right under, or entered into any settlement regarding the breach or infringement of, any license, patent, copyright, trademark, trade name, franchise, or similar right, or modified any existing right relating to any of the StationsStation.

Conduct of Business in Ordinary Course. Since August January 1, 19961997, Seller has conducted the business and operations of the Stations Station only in the ordinary course and have has not: (a) Suffered any material adverse change in the business, assets, or properties of any of the StationsStation, including any damage, destruction, or loss affecting any assets used or useful in the conduct of the business of any of the StationsStation; (b) Made any material increase in compensation payable or to become payable to any of the employees of the StationsStation, or any bonus payment made or promised to any employee of the StationsStation, or any material change in personnel policies, employee benefits, or other compensation arrangements affecting the employees of the StationsStation; (c) Made or permitted License Corp. to make any sale, assignment, lease, or other transfer of any of the Stations' Station's properties other than in the normal and usual course of business with suitable replacements being obtained therefor; (d) Canceled any debts owed to or claims held by the owner of any Station Seller with respect to such the Station, except in the normal and usual course of business; (e) Suffered any material write-down of the value of any AssetsAssets or any material write-off as uncollectible of any accounts receivable of the Station; or (f) Transferred or granted any right under, or entered into any settlement regarding the breach or infringement of, any license, patent, copyright, trademark, trade name, franchise, or similar right, or modified any existing right relating to any of the StationsStation.

Conduct of Business in Ordinary Course. Since August 1, 1996the date of the Interim Statements, Seller has conducted the business and operations of the Stations each Station only in the ordinary course and have has not: (a) Suffered any material adverse change in the business, assets, or properties of any of the StationsStation, including any damage, destruction, or loss affecting any assets used or useful in the conduct of the business of any of the StationsStation; (b) Made any material increase in compensation payable or to become payable to any of the employees of the Stationsany Station, or any bonus payment made or promised to any employee of the Stationsany Station, or any material change in personnel policies, employee benefits, or other compensation arrangements affecting the employees of the Stationsany Station, other than as reflected on Schedule 3.13; (c) Made or permitted License Corp. to make any sale, assignment, lease, or other transfer of any of the Stations' Station's properties other than in the normal and usual course of business with suitable replacements being obtained therefor; (d) Canceled any debts owed to or claims held by the owner of any Station Seller with respect to such any Station, except in the normal and usual course of business; (e) Suffered any material write-down of the value of any AssetsAssets or any material write-off as uncollectable of any Accounts Receivable of any Station; or (f) Transferred or granted any right under, or entered into any settlement regarding the breach or infringement of, any license, patent, copyright, trademark, trade name, franchise, or similar right, or modified any existing right relating to any of the StationsStation.