Common use of PRESERVE EXISTENCE Clause in Contracts

PRESERVE EXISTENCE. Preserve their respective corporate existences and business organizations intact, maintain their existing franchises and licenses, use commercially reasonable efforts to preserve for Buyer the relationships of the Station with suppliers, customers, employees and others with whom the Station has business relationships, and keep all Assets substantially in their present condition, ordinary wear and tear excepted.

Appears in 3 contracts

Samples: Asset Purchase Agreement, Asset Purchase Agreement (Gray Television Inc), Asset Purchase Agreement (STC Broadcasting Inc)

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PRESERVE EXISTENCE. Preserve their respective its corporate existences existence and business organizations organization intact, maintain their its existing franchises and licenses, use commercially reasonable efforts to preserve for Buyer the relationships of the Station Stations with suppliers, customers, employees and others with whom the Station has Stations have business relationships, and keep all of the Assets substantially in their present condition, ordinary wear and tear excepted.

Appears in 3 contracts

Samples: Asset Purchase Agreement (STC Broadcasting Inc), Asset Purchase Agreement (Sinclair Broadcast Group Inc), Asset Purchase Agreement (Sinclair Broadcast Group Inc)

PRESERVE EXISTENCE. Preserve their respective its corporate existences existence and its business organizations intact, maintain their existing franchises and licenses, use commercially reasonable efforts organization with respect to preserve for Buyer the relationships of the Station with suppliers, customers, employees and others with whom the Station has business relationshipsintact, and keep all Assets substantially in their present conditiongood working order and repair, ordinary wear and tear excepted.

Appears in 1 contract

Samples: Asset Purchase Agreement (Paxson Communications Corp)

PRESERVE EXISTENCE. Preserve their respective corporate existences its partnership existence and business organizations organization intact, maintain their its existing franchises and licenses, use commercially reasonable efforts to preserve for the Buyer the relationships of the Station with suppliers, customers, employees and others with whom the Station has business relationships, and keep all Assets substantially in their present condition, ordinary wear and tear excepted.

Appears in 1 contract

Samples: Asset Purchase Agreement (STC Broadcasting Inc)

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PRESERVE EXISTENCE. Preserve their respective corporate existences its partnership existence and business organizations organization intact, maintain their its existing franchises and licenses, use commercially reasonable efforts to preserve for the Buyer the relationships of the Station Stations with suppliers, customers, employees and others with whom the Station has Stations have business relationshipsrelationships and refrain from materially and adversely changing any business policies including, but not limited to, advertising (including substantially the same amount of cash expenditure), marketing, pricing, purchasing, personnel, sales, and budget policies, and keep all Assets substantially in their present condition, ordinary wear and tear excepted.

Appears in 1 contract

Samples: Asset Purchase Agreement (Chancellor Broadcasting Licensee Co)

PRESERVE EXISTENCE. Preserve their respective corporate existences its partnership existence and business organizations organization intact, maintain their its existing franchises and licenses, use commercially reasonable efforts to preserve for the Buyer the relationships of the Station Stations with suppliers, customers, employees and others with whom the Station has Stations have business relationships, and keep all Assets substantially in their present condition, ordinary wear and tear excepted.

Appears in 1 contract

Samples: Asset Purchase Agreement (STC Broadcasting Inc)

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