Examples of TBA Date in a sentence
At the TBA Date, Seller shall assign to Buyer for collection purposes only all Accounts Receivable.
Seller shall deliver to Buyer on or as soon as practicable after the TBA Date a complete and detailed statement showing the name, amount and age of each Account Receivable.
As of the TBA Date, all Real Property (including the improvements thereon) (i) is in good condition and repair consistent with its present use (reasonable wear and tear excepted), (ii) is available for immediate use in the conduct of the business and operations of the Station, and (iii) complies in all material respects with all applicable building or zoning codes and the regulations of any governmental authority having jurisdiction.
Prior to the TBA Date, Seller shall collect the accounts receivable of the Station only in the ordinary course of business consistent with the Station's credit policies and procedures.
Buyer shall receive credit to the extent of the value (as calculated in Seller's financial statements consistent with past practice) of any and all advertising time to be run following the TBA Date for which trade or barter consideration has been received by the Seller prior to the TBA Date.
Each party shall deliver to the other on or as soon as practicable after the earlier to occur of the applicable TBA Date or the Closing Date (but, in any event, within ten (10) days after such earlier date) a complete and detailed statement showing the name, amount and age of each Account Receivable of its Stations.
With respect to each leasehold or subleasehold interest included in the Real Property being conveyed under this Agreement, as of the TBA Date, the lease or sublease creating such interest is in full force and effect and the Seller knows of no defaults under such lease or the existence of any event which, after the passage of time and applicable notice or cure periods, would constitute a default under such lease or sublease.
From and after the date hereof to the first anniversary of the Closing Date, neither Seller nor any affiliates of Seller shall solicit for employment any employee of the Station; provided, however, that the foregoing shall not apply to any employee of the Station who is terminated by Buyer after the TBA Date.
Prior to the TBA Date, Seller shall deliver to Buyer a list of all Contracts entered into between the date of this Agreement and the TBA Date, together with copies of such Contracts.
The Purchase Price shall be adjusted to reflect (i) any adjustments or prorations made and agreed to as of the TBA Date as provided in Section 2.4 herein, (ii) to the extent the parties agree on a specific allocation of such amount to the Noncompetition Agreement set forth on Section 6.5 herein, and (iii) the increase, if applicable, provided for in Section 6.12 herein.