Common use of Postclosing Agreement Clause in Contracts

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.

Appears in 4 contracts

Samples: Asset Purchase Agreement (Cumulus Media Inc), Asset Purchase Agreement (Cumulus Media Inc), Asset Purchase Agreement (Cumulus Media Inc)

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Postclosing Agreement. On the Closing Date, the Seller shall execute, and shall cause each of its shareholders shareholder Xxx. Xxxxx Xxxxx to execute, a Postclosing Agreement with the Buyers Buyer including covenants not to compete with the Buyers Buyer in the markets served by the Stations and agreements to indemnify the Buyers Buyer in the form of Exhibit C E 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.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Cumulus Media Inc), Asset Purchase Agreement (Cumulus Media Inc)

Postclosing Agreement. On the Closing Date, the Seller Sellers shall execute, and shall cause each of its their shareholders to execute, a Postclosing Agreement with the Buyers including covenants not to compete with the Buyers in the markets market 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. A portion of the Purchase Price equal to Fifty Thousand Dollars ($50,000) shall be paid to the Seller Sellers by the Buyers on the Closing Date as consideration for the agreements set forth in the Postclosing Agreement.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Cumulus Media Inc), Asset Purchase Agreement (Cumulus Media Inc)

Postclosing Agreement. On the Closing Date, the Seller shall execute, and Sellers shall cause each of its shareholders the Seller 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 D attached hereto. A portion of the Purchase Price Price, equal to Fifty One Hundred Seventy-five Thousand and 00/100 Dollars ($50,000175,000.00) shall be paid to the Seller by the Buyers on the Closing Date to the Sellers, on behalf of all parties (other than the Buyers), as consideration for the agreements set forth in the Postclosing Agreement.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Cumulus Media Inc), Asset Purchase Agreement (Cumulus Media Inc)

Postclosing Agreement. On the Closing Date, the Seller Sellers shall execute, and shall cause each of its shareholders Xxxxxx Xxxxx, Xxxxxx Xxxxxxxx and Xxxx Xxxxx to execute, a Postclosing Agreement with the Buyers Broadcasting 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 D attached hereto. A portion of the Purchase Price equal to Fifty Thousand Dollars ($50,00050,000.00) shall be paid to the Seller Sellers by the Buyers on the Closing Date as consideration for the agreements set forth in the Postclosing Agreement.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Cumulus Media Inc), Asset Purchase Agreement (Cumulus Media Inc)

Postclosing Agreement. On the Closing Date, the Seller shall execute, and shall cause each of its shareholders general partners to execute, a Postclosing Agreement with the Buyers including covenants not to compete with the Buyers in the markets served by the Stations Station and agreements to indemnify the Buyers in the form of Exhibit C 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.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Cumulus Media Inc), Asset Purchase Agreement (Cumulus Media Inc)

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 Station 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.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Cumulus Media Inc), Asset Purchase Agreement (Cumulus Media Inc)

Postclosing Agreement. On the Closing Date, the Seller shall execute, and shall cause each all partners of its shareholders the Seller to execute, a Postclosing Agreement with the Buyers Buyer including covenants not to compete with the Buyers Buyer in the markets served by the Stations and agreements to indemnify the Buyers Buyer in the form of Exhibit C D attached hereto. A portion of the Purchase Price equal to Fifty Thousand Dollars ($50,000) shall be paid to the Seller by Seller, on behalf of all parties other than the Buyers Buyer, on the Closing Date as consideration for the agreements set forth in the Postclosing Agreement.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Cumulus Media Inc), Asset Purchase Agreement (Cumulus Media Inc)

Postclosing Agreement. On the Closing Date, the Seller shall execute, and shall cause each the sole shareholder of its shareholders corporate general partner to execute, a Postclosing Agreement with the Buyers Buyer including covenants not to compete with the Buyers Buyer in the markets served by the Stations and agreements to indemnify the Buyers Buyer in the form of Exhibit C 1(f) attached hereto. A As set forth in Section 1(c)(ii), 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.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Cumulus Media Inc), Asset Purchase Agreement (Cumulus Media Inc)

Postclosing Agreement. On the Closing Date, the Seller shall execute, and shall cause each of its shareholders Xxxx Xxxxx and Xxx Xxxxx to execute, a Postclosing Agreement with the Buyers Buyer including covenants not to compete with the Buyers Buyer in the markets served by the Stations and agreements to indemnify the Buyers Buyer in the form of Exhibit C D attached hereto. A portion of the Purchase Price equal to Fifty Thousand Dollars ($50,000) 50,000 shall be paid to the Seller by Seller, on behalf of all parties other than the Buyers Buyer, on the Closing Date as consideration for the agreements set forth in the Postclosing Agreement.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Cumulus Media Inc), Asset Purchase Agreement (Cumulus Media Inc)

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Postclosing Agreement. On the Closing Date, the Seller shall execute, and shall cause each of its shareholders shareholder Xxxxx Xxxxx to execute, a Postclosing Agreement with the Buyers including covenants Buyer containing a covenant not to compete with the Buyers Buyer in the markets served by the Stations and agreements to indemnify the Buyers in the form of Exhibit C attached heretoStations. A portion of the Purchase Price equal to Fifty Thirty Thousand Dollars ($50,00030,000.00) shall be paid to the Seller by the Buyers on the Closing Date as consideration for the agreements covenant not to compete set forth in the Postclosing Agreement.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Cumulus Media Inc), Asset Purchase Agreement (Cumulus Media Inc)

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 Station 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.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Cumulus Media Inc), Asset Purchase Agreement (Cumulus Media Inc)

Postclosing Agreement. On the Closing Date, the Seller shall execute, and shall cause each of its shareholders Xxxxx X. Xxxxxx, Xx. and Xxxxxxxx X. Xxxxxx to execute, a Postclosing Agreement with the Buyers Buyer including covenants not to compete with the Buyers Buyer in the markets served by the Stations and agreements to indemnify the Buyers Buyer in the form of Exhibit C 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.

Appears in 2 contracts

Samples: Program Service and Time Brokerage Agreement (Cumulus Media Inc), Program Service and Time Brokerage Agreement (Cumulus Media Inc)

Postclosing Agreement. On the Closing Date, the Seller shall execute, and shall cause each of its shareholders to Gregxxx X. Xxxxxx xxx Thomxx X. Xxxxxxx xx 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 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.

Appears in 1 contract

Samples: Asset Purchase Agreement (Cumulus Media Inc)

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 Station 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.

Appears in 1 contract

Samples: Asset Purchase Agreement (Cumulus Media Inc)

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