INTERRUPTION OF BROADCAST TRANSMISSION Sample Clauses

INTERRUPTION OF BROADCAST TRANSMISSION. (a) In the event of any loss, damage or impairment, confiscation or condemnation of any of the assets of the Stations prior to the completion of the Closing that interferes with the normal operation of the Stations, MMP shall notify Purchaser of same in writing immediately, specifying with particularity the loss, damage or impairment, confiscation or condemnation incurred, the cause thereof, if known or reasonably ascertainable, and the insurance coverage. MMP shall apply the proceeds of any insurance policy, judgment or award with respect thereto and take such other commercially reasonable actions, as determined in its sole discretion, as are necessary to repair, replace or restore such assets of any Station so damaged to their prior condition as soon as possible after such loss, damages or impairment, confiscation or condemnation. (b) If before the Closing Date, due to damage or destruction of the assets of any Station (other than WMMP-TV in the Charleston, South Carolina market), the regular broadcast transmission of one (1) or more Television Stations or two (2) or more Radio Stations in the normal and usual manner is interrupted for a period of twelve (12) continuous hours or more, MMP shall give prompt written notice thereof to Purchaser. If on the Closing Date, due to damages or destruction of the assets of one (1) or more Television Stations (other than WMMP-TV in the Charleston, South Carolina market) or two (2) or more Radio Stations the regular broadcast transmission of one (1) or more Television Stations (other than WMMP-TV in the Charleston, South Carolina market) or two (2) or more Radio Stations in the normal and usual manner is interrupted such that the regular broadcast signal of any such Station (including its effective radiated power) is diminished in any material respect, then (i) MMP shall immediately give written notice thereof to Purchaser; and (ii) Purchaser shall have the right, by giving prompt written notice to the other, to postpone the Closing Date for a period of up to sixty (60) days provided, however, that the Closing shall occur no later than ten (10) Business Days after regular broadcast transmission has been restored. (c) In the event any one (1) or more Television Stations (other than WMMP-TV in Charleston, South Carolina market) or two (2) or more Radio Stations normal and usual transmission has not been resumed by the Closing Date as postponed pursuant to section (b) above, Purchaser may, pursuant to Section 14.1(e), t...
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INTERRUPTION OF BROADCAST TRANSMISSION. The Sellers shall give prompt written notice to Buyer if the regular broadcast transmissions of the Station in the normal and usual manner are interrupted or discontinued, including the operation of the Station at a power level of less than 80% of its maximum authorized facilities (an “Interruption”). If any Interruption persists for more than seventy-two (72) hours (or, in the event of force majeure or utility failure affecting generally the market served by the Station, ninety-six (96) hours), whether or not consecutive, during any period of thirty (30) consecutive days, then Buyer may, at its option: (a) terminate this Agreement without liability by written notice given to Sellers not more than ten (10) days after the expiration of such thirty (30) day period, or (b) proceed in the manner otherwise set forth in this Article X.
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INTERRUPTION OF BROADCAST TRANSMISSION. The Sellers shall give prompt written notice to the Purchaser if the regular broadcast transmissions of the Station in the normal and usual manner are interrupted or discontinued, including the operation of the Station at a power level of less than 80% of its maximum authorized facilities (an “Interruption”). If any Interruption persists for more than seventy-two (72) hours (or, in the event of force majeure or utility failure affecting generally the market served by the Station, ninety-six (96) hours), whether or not consecutive, during any period of thirty (30) consecutive days, then the Purchaser may, at its option terminate this Agreement without liability by written notice given to the Sellers not more than ten (10) days after the expiration of such thirty (30) day period. Notwithstanding anything herein to the contrary, if on the day otherwise scheduled for Closing, the Station is off the air but there has not been an Interruption, then Closing shall be postponed until the date five business days after the Station returns to the air at full power.
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Related to INTERRUPTION OF BROADCAST TRANSMISSION

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