NEGATIVE TRADE BALANCE Sample Clauses

NEGATIVE TRADE BALANCE. Seller shall use commercially reasonable efforts to ensure that the Seller Negative Trade Balance, as defined below, of the Stations, taken as a whole, does not exceed $50,000 in the aggregate at the Closing Date, provided that such excess will be an adjustment to the Purchase Price as provided in Section 2.5(b). "Seller Negative Trade Balance" means the difference, if negative, between the value of time owed under barter agreements to which any of the Stations is a party or by which any of them is bound and the value of the goods and services to be received under such agreements.
Sample 1
AutoNDA by SimpleDocs
NEGATIVE TRADE BALANCE. The Company shall use commercially reasonable efforts to ensure that the Company Negative Trade Balance of the Stations, taken as a whole, does not exceed $25,000 in the aggregate at the Closing Date.
Sample 1
NEGATIVE TRADE BALANCE. Benchmark shall use commercially reasonable efforts to ensure that the Benchmark Negative Trade Balance (as defined below) of the Stations, taken as a whole, does not exceed the lesser of 100% of the Benchmark Negative Trade Balance at December 31, 1996 or Fifty Thousand Dollars ($50,000) in the aggregate at the Closing Date (it being understood that Benchmark may, if necessary, run more advertisements than it would run in the ordinary course of business in order to comply with this covenant). "Benchmark Negative Trade Balance" means the difference, if negative, of the value of the goods and services to be received under barter agreements to which any of the Stations is a party or by which any of them is bound minus the value of time owed under such agreements.
Sample 1
NEGATIVE TRADE BALANCE. Osboxx xxxll use commercially reasonable efforts to ensure that the Osboxx Xxxative Trade Balance, as defined below, of the Stations, taken as a whole, does not exceed $75,000 (excluding the Station in Fresno, California) in the aggregate at the Closing Date. "Osboxx Xxxative Trade Balance" means the difference, if negative, between the value of time owed under barter agreements to which any of the Stations is a party or by which any of them is bound and the value of the goods and services to be received under such agreements.
Sample 1
NEGATIVE TRADE BALANCE. Each member of the Selling Group shall use commercially reasonable efforts to ensure that as of the Closing Date the Seller Negative Trade Balance, as defined below, of the Stations, taken as a whole, does not in the aggregate exceed (x) $5,000 in the case of all Trade Deals (other than Trade Deals involving media trades with television stations) or (y) $45,000 in the case of Trade Deals involving media trades with television stations, provided that
Sample 1
NEGATIVE TRADE BALANCE. (a) Each SFX Party shall use commercially reasonable efforts to ensure that the SFX Negative Trade Balance, as defined below, of the SFX Stations, taken as a whole, does not exceed $25,000 in the aggregate at the Closing Date, provided that such excess will be a pre-Closing Date operating expense of the SFX Parties that shall serve as an adjustment in favor of Capstar under Section 2.7. "
Sample 1

Related to NEGATIVE TRADE BALANCE

  • Previously Reviewed Receivable; Duplicative Tests If any Review Receivable was included in a prior Review, the Asset Representations Reviewer will not conduct additional Tests on such Review Receivable, but will include the previously reported Test results in the Review Report for the current Review. If the same Test is required for more than one representation and warranty, the Asset Representations Reviewer will only perform the Test once for each Review Receivable, but will report the results of the Test for each applicable representation and warranty on the Review Report.

  • Previously Reviewed Receivables; Duplicative Tests If any Review Receivable was included in a prior Review, the Asset Representations Reviewer will not conduct additional Tests on such Review Receivable, but will include the previously reported Test results in the Review Report for the current Review. If the same Test is required for more than one Eligible Representation, the Asset Representations Reviewer will only perform the Test once for each Review Receivable, but will report the results of the Test for each applicable Eligible Representation on the Review Report.

  • Outstanding Principal Balance Each Receivable has an outstanding principal balance of at least $500.

  • Original Class B Principal Balance The Original Class B Principal Balance is $12,493,405.52.

  • ORIGINAL CLASS A NON-PO PRINCIPAL BALANCE The Original Class A Non-PO Principal Balance is $170,009,500.00.

  • Negative Capital Accounts No Member shall be required to pay to any other Member or the Company any deficit or negative balance which may exist from time to time in such Member’s Capital Account (including upon and after dissolution of the Company).

  • Pool Balance 1. Pool Balance on the close of the last day of the preceding Collection Period $

  • Cut-Off Date Aggregate Principal Balance The Cut-Off Date Aggregate Principal Balance is $850,069,757.10

  • Remaining Principal Balance At the Cutoff Date the Principal Balance of each Receivable set forth in the Schedule of Receivables is true and accurate in all material respects.

  • Closing Date Balance Sheet The Buyer shall cause the Company to provide Sellers' Accountants with full and complete access to the books and records of the Company and to otherwise cooperate with and assist Sellers' Accountants in the preparation of the Closing Date Balance Sheet. Unless Buyer, within thirty (30) days after delivery of the Closing Date Balance Sheet, notifies Sellers' Representative in writing that Buyer objects to the determination of the Closing Date Stockholders' Equity, as reflected on the Closing Date Balance Sheet, and specifies the basis for such objection, which objection shall not include any dispute relating to or arising out of the Environmental Remediation Accrual or the Deferred Compensation Accrual, and the amount or amounts in dispute, the Closing Date Balance Sheet shall become final and binding upon the parties for purposes of this Agreement as of the day following the end of such thirty (30) day period, which shall be the Closing Date Balance Sheet Determination Date. If Buyer notifies Sellers' Representative of its objection, and if Sellers and Buyer, together with their respective advisors, are unable to resolve any such objections within fifteen (15) days after any such notice has been given, the dispute shall be submitted to the Accounting Firm, which shall be instructed to resolve the dispute expeditiously. The Accounting Firm shall make a final binding determination as to the matter or matters in dispute, and the date of such determination shall be the Closing Date Balance Sheet Determination Date. Buyer agrees to cooperate, and agrees to cause the Company to cooperate, with Sellers (and Sellers' authorized representatives), and Sellers agree to cooperate with Buyer and the Company (and their respective authorized representatives), in order to resolve any and all matters in dispute as soon as reasonably possible. The Sellers shall pay the fees, costs and expenses of the Sellers Accountants. Buyer shall pay the fees, costs and expenses of the Accounting Firm, unless the difference between (x) the proposed Closing Date Stockholders' Equity included on the Closing Date Balance Sheet delivered by the Sellers and (y) the determination by the Accounting Firm of the Closing Date Stockholders' Equity results in a reduction to the Purchase Price under Section 3.3.2 hereof, in which case the fees, costs and expenses of the Accounting Firm shall be paid by the Sellers.

Time is Money Join Law Insider Premium to draft better contracts faster.