Common use of Payment of Fines and Copyright Royalties Clause in Contracts

Payment of Fines and Copyright Royalties. Seller has, prior to Closing, paid in full any and all fines or penalties levied or assessed by the Copyright Office as a result of the failure to timely or accurately file Statements of Account for the CATV Systems. Seller shall pay in full any such fines or penalties levied or assessed by the Copyright Office after Closing, to the extent that such fines or penalties (a) relate to the period prior to Closing, and (b) have been determined to be valid.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Northland Cable Properties Five LTD Partnership), Asset Purchase Agreement (Northland Cable Properties Six LTD Partnership)

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Payment of Fines and Copyright Royalties. Seller has, prior to the Group A Closing, paid in full any and all fines or penalties levied or assessed by the Copyright Office as a result of the failure to timely or accurately file Statements of Account for the CATV Systems. Seller shall pay in full any such fines or penalties levied or assessed by the Copyright Office after Closing, to the extent that such fines or penalties (a) relate to the period prior to Closing, and (b) have been determined to be valid.

Appears in 1 contract

Samples: Asset Purchase Agreement (Northland Cable Properties Seven Limited Partnership)

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Payment of Fines and Copyright Royalties. Seller has, prior to Closing, paid in full any and all fines or penalties levied or assessed by the Copyright Office as a result of the failure to timely or accurately file Statements of Account for the CATV Systems. Seller shall pay in full any such fines or penalties levied or assessed by the Copyright Office after Closing, to the extent that such fines or penalties (a) relate to the period prior to Closing, and (b) have been determined to be valid.

Appears in 1 contract

Samples: Asset Purchase Agreement (Northland Cable Properties Four LTD Partnership)

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