Postclosing Agreement. On the Closing Date, the Seller shall execute, and shall cause each of its shareholders to execute, a Postclosing Agreement with the Buyers including covenants not to compete with the Buyers in the markets served by the Stations and agreements to indemnify the Buyers in the form of Exhibit C attached hereto. A portion of the Purchase Price equal to Fifty Thousand Dollars ($50,000) shall be paid to the Seller by the Buyers on the Closing Date as consideration for the agreements set forth in the Postclosing Agreement.
Postclosing Agreement. On the Closing Date, the Seller shall execute, and shall cause its operating general partner to execute, a Postclosing Agreement with the Buyers including covenants not to compete with the Buyers in the markets served by the Stations and agreements to indemnify the Buyers in the form of Exhibit C attached hereto.
Postclosing Agreement. On the Closing Date, the Sellers shall execute, and shall cause shareholders X. Xxxxxx Xxxxxx, Xxxxx X.
Postclosing Agreement. On the Closing Date, the Seller shall execute, and shall cause shareholders Seacoast and Kennebec to execute, a Postclosing Agreement with the Buyer including covenants not to compete with the Buyer in the markets served by the Stations and agreements to indemnify the Buyer in the form of Exhibit D attached hereto. A portion of the Purchase Price equal to Fifty Thousand Dollars ($50,000) shall be paid to the Seller by the Buyers on the Closing Date as consideration for the agreements set forth in the Postclosing Agreement.
Postclosing Agreement. On the Closing Date, the Seller shall cause Venice Michel to execute, a Postclosing Agreement with the Buyers including covenants not to compete with the Buyers in the markets served by the Station and to indemnify the Buyers in the form of Exhibit E attached hereto. A portion of the Purchase Price, equal to One Hundred Fifty Thousand Dollars ($150,000) shall be paid by the Buyers to the Seller Stockholders, on the Closing Date as consideration for the agreements set forth in the Postclosing Agreement.
Postclosing Agreement. On the Closing Date, the Seller shall execute, and shall cause shareholder United Heritage Corporation to execute, a Postclosing Agreement with the Buyer including covenants not to compete with the Buyer in the markets served by the Stations and agreements to indemnify the Buyer in the form of Exhibit C attached hereto. A portion of the Purchase Price equal to Fifty Thousand Dollars ($50,000) shall be paid to the Seller by the Buyers on the Closing Date as consideration for the agreements set forth in the Postclosing Agreement.
Postclosing Agreement. On or before October 15, 2003, the Obligated Parties shall use commercially reasonable efforts to deliver or cause to be delivered to the Collateral Agent amendments, in form and substance acceptable to the Collateral Agent, to the UCC financing statements filed against Advanced Distributor Products and Lennox Hearth Products by Summit Funding Group to limit the scope of each such financing statement to the actual property subject to the transaction evidenced thereby.
Postclosing Agreement. On the Closing Date, the Sellers shall execute, and shall cause each of their shareholders to execute, a Postclosing Agreement with the Buyers including covenants not to compete with the Buyers in the markets served by the Stations for a period not to exceed three years and agreements to indemnify the Buyers in the form of Exhibit C attached hereto; PROVIDED, HOWEVER, that it is understood and agreed that the Postclosing Agreement shall not prohibit the construction or operation by Sellers (or another business entity controlled by Xxxxx Xxxxxxx) of a Class C2 FM broadcast station licensed to serve Faribault, Minnesota. A portion of the Purchase Price equal to Fifty Thousand Dollars ($50,000) shall be paid to the Sellers by the Buyers on the Closing Date as consideration for the agreements set forth in the Postclosing Agreement.
