Common use of Notice of Certain Developments Clause in Contracts

Notice of Certain Developments. Seller or Parent shall give written notice to Buyer, promptly after it becomes aware of the same, (1) if the Station Assets shall have suffered damage on account of fire, explosion, or other cause of any nature which is sufficient to prevent operation of a Station in any material respect for more than ten (10) consecutive days, or (2) if the regular broadcast transmission of a Station in the normal and usual manner in which it heretofore has been operating is interrupted in a material manner for a period of more than ten (10) consecutive days.

Appears in 4 contracts

Samples: Option Agreement (Mission Broadcasting Inc), Option Agreement (Mission Broadcasting Inc), Option Agreement (Nexstar Broadcasting Group Inc)

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Notice of Certain Developments. Each of Seller or and Parent shall give prompt written notice to Buyer, promptly after it or becomes aware of the same, (1) if the Station Assets shall have suffered damage on account of fire, explosion, or other cause of any nature which is sufficient to prevent operation of a the Station in any material respect for more than ten (10) consecutive days, or (2) if the regular broadcast transmission of a the Station in the normal and usual manner in which it heretofore has been operating is interrupted in a material manner for a period of more than ten (10) consecutive days.

Appears in 3 contracts

Samples: Option Agreement (Mission Broadcasting Inc), Option Agreement (Nexstar Broadcasting Group Inc), Option Agreement (Nexstar Broadcasting Group Inc)

Notice of Certain Developments. Each of Seller or and Parent shall give written notice to Buyer, promptly after it becomes aware of the same, (1) if the Station Assets shall have suffered damage on account of fire, explosion, or other cause of any nature which is sufficient to prevent operation of a the Station in any material respect for more than ten (10) consecutive days, or (2) if the regular broadcast transmission of a the Station in the normal and usual manner in which it heretofore has been operating is interrupted in a material manner for a period of more than ten (10) consecutive days.

Appears in 1 contract

Samples: Option Agreement (Mission Broadcasting Inc)

Notice of Certain Developments. Each of Seller or and Parent shall give prompt written notice to Buyer, promptly after it or becomes aware of the same, (1) if the Station Assets shall have suffered damage on account of fire, explosion, or other cause of any nature which is sufficient to prevent operation of a Station the Stations in any material respect for more than ten (10) consecutive days, or (2) if the regular broadcast transmission of a Station the Stations in the normal and usual manner in which it heretofore has been operating is interrupted in a material manner for a period of more than ten (10) consecutive days.

Appears in 1 contract

Samples: Option Agreement (Nexstar Broadcasting Group Inc)

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Notice of Certain Developments. Seller or Parent shall give written notice to Buyer, promptly after it becomes aware of the same, (1) if the Station Assets shall have suffered damage on account of fire, explosion, or other cause of any nature which is sufficient to prevent operation of a the Station in any material respect for more than ten (10) consecutive days, or (2) if the regular broadcast transmission of a the Station in the normal and usual manner in which it heretofore has been operating is interrupted in a material manner for a period of more than ten (10) consecutive days.

Appears in 1 contract

Samples: Option Agreement (Nexstar Broadcasting Group Inc)

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