Common use of Normal Operations Clause in Contracts

Normal Operations. Subject to the terms and conditions of this Agreement (including Section 6.1) (a) carry on the business and activities of the Station, including the sale of -24- <PAGE> advertising time, entering into other contracts and agreements, or purchasing and scheduling of programming, in the ordinary course of business consistent with past practice; (b) pay or otherwise satisfy all obligations (cash and barter) of the Station in the ordinary course of business consistent with past practice; (c) maintain books of account, records, and files with respect to the Station in substantially the same manner as heretofore; and (d) maintain the Assets in customary repair, maintenance and condition, except to the extent of normal wear and tear, and repair or replace, consistently with the ordinary course of business consistent with past practice, any Asset that may be damaged or destroyed; notwithstanding the foregoing, Buyer acknowledges that Seller shall not be obligated to spend any funds on capital expenditures after the date hereof, except for the repair or replacement of Assets that may be damaged or destroyed.

Appears in 1 contract

Samples: Asset Purchase Agreement

AutoNDA by SimpleDocs

Normal Operations. Subject to the terms and conditions of this Agreement (including including, without limitation, Section 6.1) and the Time Brokerage Agreement, (a) carry on the business and activities of the Station, including without limitation, the sale of -24- <PAGE> advertising time, entering into other contracts and agreements, or purchasing and scheduling of programming, in the ordinary course Ordinary Course of business consistent with past practiceBusiness; (b) pay or otherwise satisfy all obligations (cash and barter) of the Station in the ordinary course Ordinary Course of business consistent with past practiceBusiness; (c) maintain books of account, records, and files with respect to the Station in substantially the same manner as heretofore; and (d) maintain the Assets in customary repair, maintenance and condition, except to the extent of normal wear and tear, and repair or replace, consistently with the ordinary course Ordinary Course of business consistent with past practiceBusiness, any Asset that may be damaged or destroyed; notwithstanding the foregoing, Buyer acknowledges that Seller Sellers shall not be obligated to spend any funds on capital expenditures after the date hereof, except for the repair or replacement of Assets that may be damaged or destroyed.

Appears in 1 contract

Samples: Asset Purchase Agreement (STC Broadcasting Inc)

Normal Operations. Subject to the terms and conditions of this Agreement (including Section 6.1) (a) carry on the business and activities of the Station, including the sale of -24- <PAGE> advertising time, entering into other contracts and agreements, or purchasing and scheduling of programming, in the ordinary course of business consistent with past practice; (b) pay or otherwise satisfy all obligations (cash and barter) of the Station in the ordinary course of business consistent with past practice; (c) maintain books of account, records, and files with respect to the Station in substantially the same manner as heretofore; and (d) maintain the Assets in customary repair, maintenance and condition, except to the extent of normal wear and tear, and repair or replace, consistently with the ordinary course of business consistent with past practice, any Asset that may be damaged or destroyed; notwithstanding the foregoing, Buyer acknowledges that Seller shall not be obligated to spend any funds on capital expenditures after the date hereof, except for the repair or replacement of Assets that may be damaged or destroyed.

Appears in 1 contract

Samples: Asset Purchase Agreement (Gray Television Inc)

Normal Operations. Subject to the terms and conditions of this Agreement (including Section 6.1) and the Management Agreement (a) carry on the business and activities of the StationStations, including the sale of -24- <PAGE> advertising time, entering into other contracts and agreements, or purchasing and scheduling of programming, in the ordinary course of business consistent with past practice; (b) pay or otherwise satisfy all obligations (cash and barter) of the Station Stations in the ordinary course of business consistent with past practice; (c) maintain books of account, records, and files with respect to the Station Stations in substantially the same manner as heretofore; and (d) maintain the Assets in customary repair, maintenance and condition, except to the extent of normal wear and tear, and repair or replace, consistently with the ordinary course of business consistent with past practice, any Asset that may be damaged or destroyed; notwithstanding the foregoing, Buyer acknowledges that Seller shall not be obligated to spend any funds on capital expenditures after the date hereof, except for the repair or replacement of Assets that may be damaged or destroyed.

Appears in 1 contract

Samples: Asset Purchase Agreement (STC Broadcasting Inc)

AutoNDA by SimpleDocs

Normal Operations. Subject to the terms and conditions of this Agreement (including Section 6.1) and the Management Agreement (a) carry on the business and activities of the StationStations, including the sale of -24- <PAGE> advertising time, entering into other contracts and agreements, or purchasing and scheduling of programming, in the ordinary course of business consistent with past practice; (b) pay or otherwise satisfy all obligations (cash and barter) of the Station Stations in the ordinary course of business consistent with past practice; (c) maintain books of account, records, and files with respect to the Station Stations in substantially the same manner as heretofore; and (d) maintain the Assets in customary repair, maintenance and condition, except to the extent of normal wear and tear, and repair or replace, consistently with the ordinary course of business consistent with past practice, any Asset that may be damaged or destroyed; notwithstanding the foregoing, Buyer acknowledges that Seller shall not be obligated to spend any funds on capital expenditures after the date hereof, except for the repair or replacement of Assets that may be damaged or destroyed. 21 <PAGE> 6.

Appears in 1 contract

Samples: Asset Purchase Agreement

Normal Operations. Subject to the terms and conditions of this Agreement (including Section 6.1) ), the Management Agreement and the Lease Agreement (a) carry on the business and activities of the StationStations, including the sale of -24- <PAGE> advertising time, entering into other contracts and agreements, or purchasing and scheduling of programming, in the ordinary course of business consistent with past practice; (b) pay or otherwise satisfy all obligations (cash and barter) of the Station Stations in the ordinary course of business consistent with past practice; (c) maintain books of account, records, and files with respect to the Station Stations in substantially the same manner as heretofore; and (d) maintain the Assets in customary repair, maintenance and condition, except to the extent of normal wear and tear, and repair or replace, consistently with the ordinary course of business consistent with past practice, any Asset that may be damaged or destroyed; notwithstanding the foregoing, Buyer acknowledges that Seller shall not be obligated to spend any funds on capital expenditures after the date hereof, except for the repair or replacement of Assets that may be damaged or destroyed.

Appears in 1 contract

Samples: Asset Purchase Agreement (STC Broadcasting Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!