Optionor’s Covenants. The Optionor will:
Optionor’s Covenants. The Optionor agrees with the Optionee that when --------------------- the Option is exercised:
Optionor’s Covenants. From the Exercise Date until the earlier of the Close of Escrow or the termination of this Agreement, Optionor covenants to Optionee as follows:
Optionor’s Covenants. Optionor covenants that, commencing on the date ---------------------- hereof and continuing through the term of this Option the Station shall be operated in accordance with the covenants set forth in Section 5.1 of the Asset ------------ Purchase Agreement, which covenants are incorporated herein by reference.
Optionor’s Covenants. Optionor hereby represents, warrants and covenants that during the Option Period, Optionor shall reserve that number of shares necessary to fulfill its obligations hereunder.
Optionor’s Covenants. As soon as practicable after the execution of this Agreement, the Optionor will, at the expense of the Optionee, cause the transfer to Chorti of any of the Properties that are not already held by Chorti, such that Chorti becomes the registered holder of the each of the Properties. As soon as practicable after the Optionee has completed its obligations under Section 2.1, the Optionor will execute and deliver the Trust Agreement to each of the Optionee and Trustco. The Optionor will forthwith provide to the Optionee evidence of the completion of its obligations under this Section 2.2.
Optionor’s Covenants
