Designation for Hearing. Either party may terminate this Agreement upon notice to the other, if, for any reason, the Assignment Applications are designated for hearing by the Commission; provided, however, that notice of termination must be given within twenty (20) days after release of the hearing designation order and that the party giving such notice is not in default and has otherwise complied with its obligations under this Agreement. Upon termination pursuant to this Section 14.2, the parties shall be released and discharged from any further obligation hereunder.
Appears in 1 contract
Samples: Asset Purchase Agreement (Beasley Broadcast Group Inc)
Designation for Hearing. Either party may terminate this Agreement upon notice to the other, if, for any reason, the Assignment Applications are designated for hearing by the Commission; provided, however, that notice of termination must be given within twenty (20) days after release of the hearing designation order and that the party giving such notice is not in default and has otherwise complied with its obligations under this Agreement. Upon termination pursuant to this Section 14.2, the parties shall be released and discharged from any further obligation hereunder.termination
Appears in 1 contract
Samples: Asset Purchase Agreement (Beasley Broadcast Group Inc)
Designation for Hearing. Either party may terminate this Agreement upon notice to the other, if, for any reason, the Assignment Transfer Applications are designated for hearing by the Commission; provided, however, that notice of termination must be given within twenty (20) days after release of the hearing designation order and that the party giving such notice is not in default and has otherwise complied with its obligations under this Agreement. Upon termination pursuant to this Section 14.27.3, the parties shall be released and discharged from any further obligation hereunder.
Appears in 1 contract
Samples: Equity Interest Purchase Agreement (Beasley Broadcast Group Inc)
Designation for Hearing. Either party may terminate this Agreement upon notice to the other, if, for any reason, the Assignment Applications are designated for hearing by the Commission; provided, however, that notice of termination must be given within twenty (20) days after release of the hearing designation order and that the party giving such notice is not in default and has otherwise complied with its obligations under this Agreement. Upon termination pursuant to this Section 14.213.6, the parties shall be released and discharged from any further obligation hereunder.
Appears in 1 contract
Samples: Asset Purchase Agreement (Chancellor Media Corp of Los Angeles)