Common use of Normal Operations Clause in Contracts

Normal Operations. Subject to the terms and conditions of this Agreement (including, without limitation, Section 6.1) and the TBA Agreement, (a) carry on the businesses and activities of the Stations, including without limitation, promotional activities, the sale of advertising time, entering into other contracts and agreements, or purchasing and scheduling of programming, in the Ordinary Course of Business; (b) pay or otherwise satisfy all obligations (cash and barter) of the Stations in the Ordinary Course of Business; provided, however, each Seller shall cause to be brought current as of the Transfer Date all payments that are due and payable under Program Contracts as originally contracted; (c) maintain books of account, records, and files with respect to the business and operations of the 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, any Asset that may be damaged or destroyed; notwithstanding the foregoing, Buyer acknowledges that no Seller shall 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 2 contracts

Samples: Asset Purchase Agreement (STC Broadcasting Inc), Asset Purchase Agreement (Sinclair Broadcast Group Inc)

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Normal Operations. Subject to the terms and conditions of this Agreement (including, without limitation, Section 6.1) and the TBA Agreement), (a) carry on the businesses and activities of the its Stations, including without limitation, promotional activities, the sale of advertising time, entering into other contracts and agreements, or purchasing and scheduling of programming, in the Ordinary Course of Business; (b) pay or otherwise satisfy all obligations (cash and barter) of the its Stations in the Ordinary Course of Business; provided, however, each Seller shall cause to be brought bring current as of the Transfer Closing Date all payments that are due and payable under Program Contracts as originally contracted; (c) maintain its books of account, records, and files with respect to the business and operations of the Stations in substantially the same manner as heretofore; and (d) maintain the its 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, any Asset that may be damaged or destroyed; notwithstanding the foregoing, Buyer acknowledges that no Seller none of the Sellers shall 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 (Sinclair Broadcast Group Inc)

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Normal Operations. Subject to the terms and conditions of this Agreement (including, without limitation, Section 6.1) and the TBA Agreement), (a) carry on the businesses and activities of the Stations, including without limitation, promotional activities, the sale of advertising time, entering into other contracts and agreements, or purchasing and scheduling of programming, in the Ordinary Course of Business; (b) pay or otherwise satisfy all obligations (cash and barter) of the Stations in the Ordinary Course of Business; provided, however, each Seller shall cause to be brought bring current as of the Transfer Closing Date all payments that are due and payable under Program Contracts as originally contracted; (c) maintain its books of account, records, and files with respect to the business and operations of the 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, any Asset that may be damaged or destroyed; notwithstanding the foregoing, Buyer acknowledges that no the 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 (Sinclair Broadcast Group Inc)

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