Common use of SITE LEASES AND ADVERTISING CONTRACTS Clause in Contracts

SITE LEASES AND ADVERTISING CONTRACTS. Seller has delivered to Buyer true and complete copies of the Advertising Contracts and the Site Leases. Except as set forth on Part 3.7 of the Disclosure Schedule, all sales made to advertisers in connection with the Structures have been made pursuant to Advertising Contracts. The Site Leases and the Advertising Contracts are in full force and effect, and are binding upon the parties thereto. Except as set forth in Part 3.7 of the Disclosure Schedule, to the Knowledge of Seller, (x) no default by Seller or any other party (including Seller's predecessor) has occurred under the Site Leases or Advertising Contracts, and (y) no event, occurrence or condition exists which (with or without notice or lapse of time or the happening of any further event or condition) would become a default by Seller thereunder or would entitle any other party to terminate a Site Lease or Advertising Contract, to make a claim or set-off against Seller or otherwise to amend such Site Lease or Advertising Contract or prevent such Site Lease or Advertising Contract from being renewed in accordance with its terms. Neither Seller nor Seller's predecessor has received any written notice of default, termination or non-renewal under any Site Lease or Advertising Contract.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Outdoor Systems Inc), Asset Purchase Agreement (Outdoor Systems Inc)

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SITE LEASES AND ADVERTISING CONTRACTS. Seller has Sellers have delivered to Buyer true and complete copies of the Advertising Contracts and the Site Leases. Except as set forth on Part 3.7 of the Disclosure Schedule, all sales made to advertisers in connection with the Structures have been made pursuant to Advertising Contracts. The Site Leases and the Advertising Contracts are in full force and effect, and are binding upon the parties thereto. Except as set forth in Part 3.7 of the Disclosure Schedule, to the Knowledge knowledge of Sellerthe Sellers, (x) no default by Seller Sellers or any other party (including Seller's predecessor) has occurred under the Site Leases or Advertising ContractsLeases, and (y) no event, occurrence or condition exists which (with or without notice or lapse of time or the happening of any further event or condition) would become a default by Seller Sellers thereunder or would entitle any other party to terminate a Site Lease or Advertising Contract, to make a claim or set-off against Seller Sellers or otherwise to amend such Site Lease or Advertising Contract or prevent such Site Lease or Advertising Contract from being renewed in accordance with its terms. Neither Seller nor Seller's predecessor has None of the Sellers have received any written notice of default, termination or non-renewal under any Site Lease or Advertising Contract.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Outdoor Systems Inc), Asset Purchase Agreement (Outdoor Systems Inc)

SITE LEASES AND ADVERTISING CONTRACTS. Seller has delivered to Buyer true and complete copies of the Advertising Contracts and the Site Leases. Except as set forth on Part 3.7 Leases or has otherwise provided Buyer with an accurate description of the Disclosure Schedule, all material terms thereof. All sales made to advertisers in connection with the Structures have been made pursuant to Advertising Contracts. The To Seller's Knowledge, the Site Leases and the Advertising Contracts are in full force and effect, and are binding upon the parties thereto. Except as set forth in Part 3.7 of the Disclosure Schedule, to the Knowledge of Seller, : (x) no material default by Seller or any other party (including Seller's predecessor) has occurred under the Site Leases or Advertising Contracts, and (y) no event, occurrence occurrence, or condition exists which (with or without notice or lapse of time or the happening of any further event or condition) would become a material default by Seller thereunder or would entitle any other party to terminate a Site Lease or Advertising Contract, to make a claim or set-off against Seller or otherwise to amend such Site Lease or Advertising Contract or prevent such Site Lease or Advertising Contract from being renewed in accordance with its terms. Neither ; and (z) Seller nor Seller's predecessor has not received any written notice of default, termination termination, or non-renewal under any Site Lease or Advertising Contract.

Appears in 1 contract

Samples: Asset Purchase Agreement (Outdoor Systems Inc)

SITE LEASES AND ADVERTISING CONTRACTS. Seller has delivered to Buyer true and complete copies of the all Advertising Contracts and the Site LeasesLeases to which Seller is a party or by which Seller or any of the Purchased Assets is bound, and all Site Leases and Advertising Contracts are listed on Schedules 2.2(b) and 2.2(c), respectively. Except as set forth on Part 3.7 of the Disclosure Schedule, all sales made to advertisers in connection with the Structures have been made pursuant to Advertising Contracts. The Site Leases and the Advertising Contracts are in full force and effect, and are binding upon the parties thereto. Except as set forth in Part 3.7 of the Disclosure Schedule, (x) to the Knowledge of Seller, (x) no default by Seller or any other party (including Seller's predecessor) Person has occurred under the Site Leases or Advertising Contracts, Contracts and (y) to the Knowledge of Seller, no event, occurrence or condition exists which (with or without notice or lapse of time or the happening of any further event or condition) would become a default by Seller thereunder or would entitle any other party to terminate a Site Lease or Advertising Contract, Contract to make a claim or set-off against Seller or otherwise to amend such Site Lease or Advertising Contract or prevent such Site Lease or Advertising Contract from being renewed in accordance with its terms. Neither Except as set forth in Part 3.7 of the Disclosure Schedule, Seller nor Seller's predecessor has not received any written notice of default, termination or non-renewal under any Site Lease or Advertising Contract. On the Closing Date, all Site Lease rents and other charges and all liabilities with respect to the Purchased Assets obligations shall be paid in full through the calendar month in which the Closing occurs.

Appears in 1 contract

Samples: Asset Purchase Agreement (Tri State Outdoor Media Group Inc)

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SITE LEASES AND ADVERTISING CONTRACTS. Seller has delivered to Buyer true and complete copies of the Advertising Contracts and the Site Leases. Except as set forth on Part 3.7 of the Disclosure Schedule, all sales made to advertisers in connection with the Structures have been made pursuant to Advertising Contracts. The Site Leases and the Advertising Contracts are in full force and effect, and are binding upon the parties thereto. Except as set forth in Part 3.7 of the Disclosure Schedule, to the Knowledge of Seller, (x) no default by Seller or any other party (including Seller's predecessor) has occurred under the Site Leases or Advertising Contracts, and (y) no event, occurrence or condition exists which (with or without notice or lapse of time or the happening of any further event or condition) would become a material default by Seller thereunder or would entitle any other party to terminate a Site Lease or Advertising Contract, to make a claim or set-off against Seller or otherwise to amend such Site Lease or Advertising Contract or prevent such Site Lease or Advertising Contract from being renewed in accordance with its terms. Neither Seller nor Seller's predecessor has not received any written notice of default, termination or non-renewal under any Site Lease or Advertising Contract.

Appears in 1 contract

Samples: Asset Purchase Agreement (Outdoor Systems Inc)

SITE LEASES AND ADVERTISING CONTRACTS. Seller has delivered to Buyer true and complete copies of the all Advertising Contracts and the Site LeasesLeases to which Seller is a party or by which Seller or any of the Purchased Assets is bound, and all Site Leases and Advertising Contracts are listed on Schedules 2.2(b) and 2.2(c), respectively. Except as set forth on Part 3.7 of the Disclosure Schedule, all sales made to advertisers in connection with the Structures have been made pursuant to Advertising Contracts. The Site Leases and the Advertising Contracts are in full force and effect, and are binding upon the parties thereto. Except as set forth in Part 3.7 of the Disclosure Schedule, (x) to the Knowledge of Seller, (x) no default by Seller or any other party (including Seller's predecessor) Person has occurred under the Site Leases or Advertising Contracts, Contracts and (y) to the Knowledge of Seller, no event, occurrence or condition exists which (with or without notice or lapse of time or the happening of any further future event or condition) would become a default by Seller thereunder or would entitle any other party to terminate a Site Lease or Advertising Contract, Contract to make a claim or set-off against Seller or otherwise to amend such Site Lease or Advertising Contract or prevent such Site Lease or Advertising Contract from being renewed in accordance with its terms. Neither Except as set forth in Part 3.7 of the Disclosure Schedule, Seller nor Seller's predecessor has not received any written notice of default, termination or non-renewal under any Site Lease or Advertising Contract. On the Closing Date, all Site Lease rents and other charges and all liabilities with respect to the Purchased Assets obligations shall be paid in full through the calendar month in which the Closing occurs.

Appears in 1 contract

Samples: Asset Purchase Agreement (Tri State Outdoor Media Group Inc)

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