Station KJCE Sample Clauses

Station KJCE. If Seller elects not to remediate or undertake to remediate an Environmental Condition at the KJCE Transmitter Site pursuant to Section 4.9(b), then Buyer may elect either (a) to treat the Real Property Lease for the KJCE Transmitter Site as an Excluded Asset and to sub-lease the KJCE Transmitter Site from Seller, subject to receipt of any consent necessary under such Real Property Lease, for the remainder of the term of such Real Property Lease, as in effect on the Closing Date, without payment of basic rent but with reimbursement of all costs relating to such Real Property Lease other than costs relating to the Environmental Condition or (b) terminate this Agreement with respect to Station KJCE and all Station Assets used exclusively in the operation of station KJCE, and in the case of an election pursuant to clause (b), the Purchase Price shall be reduced by $4,000,000.
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