Common use of No Material Adverse Development Clause in Contracts

No Material Adverse Development. No material adverse development shall have occurred with respect to the Stations, the Assets, the Centennial Entities or the Equity Interests that results in a significant impairment to the ability of the Stations to operate as they are currently operated or represents a substantial impairment of the aggregate value of the Stations, the Assets, the Centennial Entities or the Equity Interests.

No Material Adverse Development. No material adverse development shall have occurred with respect to the Stations, the Assets, the Centennial Entities or the Equity Interests Station that results in a significant impairment to the ability of the Stations Station to operate as they are it is currently operated or represents a substantial impairment of the aggregate value of the Stations, the Assets, the Centennial Entities Station or the Equity InterestsAssets being conveyed.

No Material Adverse Development. No material adverse development shall have occurred with respect to the Stations, the Assets, the Centennial Entities or the Equity Interests Stations that results in a significant impairment to the ability of the Stations to operate as they are currently operated or represents a substantial impairment of the aggregate value of the StationsStations or Assets being conveyed, provided, however, a decline in economic conditions generally shall not constitute a substantial impairment of the Assets, aggregate value of the Centennial Entities Stations or the Equity InterestsAssets being conveyed.

No Material Adverse Development. No material adverse development shall have occurred with respect to the Stations, the Assets, the Centennial Entities or the Equity Interests Stations that results in a significant impairment to the ability of the Stations to operate as they are currently operated or represents a substantial impairment of the aggregate value of the Stations, the Assets, the Centennial Entities Stations or the Equity InterestsAssets being conveyed.