Common use of Material Adverse Condition Clause in Contracts

Material Adverse Condition. A condition, event or circumstance which would materially restrict, limit, increase the cost or burden of or otherwise materially adversely affect or materially impair the right of Buyer to the ownership, use, control, enjoyment or operation of the Station or the proceeds therefrom; provided, however, that any condition which requires that the Station be operated in accordance with a condition similar to those contained in the present FCC Licenses issued for operation of the Station shall not be deemed a Material Adverse Condition.

Appears in 3 contracts

Samples: Asset Purchase Agreement, Asset Purchase Agreement (Salem Media Group, Inc. /De/), Asset Purchase Agreement (Salem Media Group, Inc. /De/)

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Material Adverse Condition. A condition, event or circumstance condition which would materially --------------------------- restrict, limit, increase the cost or burden of or otherwise materially adversely affect or materially impair the right of Buyer to the ownership, use, control, enjoyment or operation of the Station or the proceeds therefrom; provided, however, that any condition which requires that the Station be operated in accordance with a condition similar to those contained in the present FCC Licenses licenses issued for operation of the Station shall not be deemed a Material Adverse Condition.

Appears in 3 contracts

Samples: Asset Purchase Agreement (Salem Communications Corp /De/), Local Programming and Marketing Agreement and Put/Call Agreement (Salem Communications Corp /De/), Asset Purchase Agreement (Salem Communications Corp /De/)

Material Adverse Condition. A condition, event or circumstance condition which would materially restrict, limit, increase the cost or burden of or otherwise materially adversely affect or materially impair the right of Buyer to the ownership, use, control, enjoyment or operation of the Station or the proceeds therefrom; provided, however, that any condition which requires that the Station be operated in accordance with a condition similar to those contained in the present FCC Licenses licenses issued for operation of the Station shall not be deemed a Material Adverse Condition.

Appears in 2 contracts

Samples: Asset Purchase Agreement (American Radio Systems Corp /Ma/), Asset Purchase Agreement (Ez Communications Inc /Va/)

Material Adverse Condition. A condition, event or circumstance condition which would materially restrict, limit, increase the cost or burden of or otherwise materially adversely affect or materially impair the right of Buyer to the ownership, use, control, enjoyment or operation of the Station or the proceeds therefrom; provided, however, that any condition which requires that the Station be operated in accordance with a condition similar to those contained in the present FCC Licenses licenses issued for operation of the Station shall not be deemed a Material Adverse Condition.

Appears in 2 contracts

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

Material Adverse Condition. A condition, event or circumstance condition which would materially restrict, limit, increase the cost or burden of or otherwise materially adversely affect or materially impair in any material respect the right of Buyer the Partnership to the ownership, use, control, enjoyment control or operation of the Station Stations or the proceeds therefromright of Investor to the ownership of the Majority Interest; provided, however, that any condition which requires that the a Station be operated in accordance with a condition requirements similar to and not more adverse than those contained in the present FCC Licenses issued for operation of the Station shall not be deemed a Material Adverse Condition.

Appears in 1 contract

Samples: Purchase Agreement (Emmis Operating Co)

Material Adverse Condition. A condition, event or circumstance which would materially restrict, limit, increase the cost or burden of or otherwise materially adversely affect or materially impair the right of Buyer the Transferee to the ownership, use, control, enjoyment or operation of the Station Station(s) it is acquiring or the proceeds therefromthere from; provided, however, that any condition which requires that the Station a radio station be operated in accordance with a condition similar to those contained in the present FCC Licenses licenses issued for operation of the Station station shall not be deemed a Material Adverse Condition.

Appears in 1 contract

Samples: Asset Exchange Agreement (Salem Communications Corp /De/)

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Material Adverse Condition. A condition, event or circumstance condition which would materially restrict, limit, increase the cost or burden of or otherwise materially adversely affect or materially impair the right of Buyer to the ownership, use, control, enjoyment or operation of any of the Station Sale Assets or the proceeds therefromStation, taken as a whole; provided, however, that any condition which requires that the Station be operated in accordance with a condition similar to those contained in the present FCC Licenses issued for operation as of the Station date hereof shall not be deemed a Material Adverse Condition.

Appears in 1 contract

Samples: Asset Purchase Agreement (Salem Communications Corp /De/)

Material Adverse Condition. A condition, event or circumstance condition which would materially restrict, --------------------------- limit, increase the cost or burden of or otherwise materially adversely affect or materially impair the right of Buyer to the ownership, use, control, enjoyment or operation of the Station or the proceeds therefrom; provided, however, that any condition which requires that the a Station be operated in accordance with a condition similar to those contained in the present FCC Licenses licenses issued for operation of the Station that Station, shall not be deemed a Material Adverse Condition.

Appears in 1 contract

Samples: Asset Purchase Agreement (Salem Communications Corp /De/)

Material Adverse Condition. A condition, event or circumstance condition which would materially -------------------------- restrict, limit, increase the cost or burden of or otherwise materially and adversely affect or materially impair the right of Buyer to the ownership, use, control, enjoyment or operation of the Station or the proceeds therefrom; provided, however, that any condition which requires that the Station be operated in accordance with a condition similar to those contained in the present FCC Licenses licenses issued for operation of the Station Station, shall not be deemed a Material Adverse Condition.

Appears in 1 contract

Samples: Asset Purchase Agreement (Salem Communications Corp /Ca/)

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