Transition of Station Out of Belo Group Agreements Sample Clauses

Transition of Station Out of Belo Group Agreements. (a) Buyer and Seller acknowledge that the agreements set forth in Schedule 5.6 relating to the Stations are Belo agreements that also cover other television stations of Belo, and cannot be assigned to Buyer (the “Group Agreements”). As such, to the extent not specifically addressed in the Schedules to this Agreement, Buyer and Parent agree, and agree to cause their respective Affiliates to, use commercially reasonable efforts to work together prior to the Closing Date to arrange with the third parties to the Group Agreements to (a) remove the Stations from the coverage of the Group Agreements as of the Closing Date and (b) provide coverage for the Stations under separate agreements between Buyer (or its Affiliates) or the Qualified Assignee, as applicable, and such third parties. (b) Parent, Sellers and Buyer shall cooperate with each other and provide commercially reasonable assistance to each other, and Parent shall cause Option Party, pursuant to the Option Exercise Agreement, to cooperate and provide commercially reasonable assistance, to facilitate the transition of the Business and operations and facilities of the Stations to Buyer effective upon the Closing. To the extent necessary to complete the transition after the Closing, this covenant shall continue after the Closing for up to ninety (90) days at the request of any of the parties.
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