Common use of CONTRACTS FOR SALE OF BROADCAST TIME Clause in Contracts

CONTRACTS FOR SALE OF BROADCAST TIME. All contracts for sale of broadcast time on the Station in effect as of the date of this Agreement that provide for payment by the customer solely on a cash basis and that are to be in effect on the Closing Date as listed and identified in Section 1.1(f) of the Disclosure Schedule (the "Broadcast Agreements"). Buyer shall assume, pay and perform all obligations under the Broadcast Agreements arising after the Closing Date, PROVIDED, HOWEVER, Buyer will not assume any contract for the sale of time entered into prior to the date of this Agreement pursuant to which payment is to be received in whole or in part in services, merchandise or other non- cash considerations ("Trade Agreements"), except as set forth in Section 1.1(f) of the Disclosure Schedule.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Osborn Communications Corp /De/), Asset Purchase Agreement (Osborn Communications Corp /De/)

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CONTRACTS FOR SALE OF BROADCAST TIME. All contracts for sale of broadcast time on the Station in effect as of the date of this Agreement that provide for payment by the customer solely on a cash basis and that are to be in effect on the Closing Date as listed and identified in Section 1.1(f1.1(g) of the Disclosure Schedule (the "Broadcast Agreements"). Buyer shall assume, pay and perform all obligations under the Broadcast Agreements arising after the Closing Date, PROVIDED, HOWEVER, Buyer will not assume any contract for the sale of time entered into prior to the date of this Agreement pursuant to which payment is to be received in whole or in part in services, merchandise or other non- non-cash considerations ("Trade Agreements"), except as agreed to by Buyer and set forth in Section 1.1(f1.1(g) of the Disclosure Schedule.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Osborn Communications Corp /De/), Asset Purchase Agreement (Osborn Communications Corp /De/)

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