TBA Date definition
Examples of TBA Date in a sentence
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.
At the TBA Date, Seller shall assign to Buyer for collection purposes only all Accounts Receivable.
If Buyer fails to deliver the statement setting forth Buyer's determination of the Purchase Price within sixty (60) days after the TBA Date, Seller's Prorations Statement shall be conclusive and binding on the parties.
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.
Nothing contained in this Agreement shall confer upon any employee of Seller any right with respect to continued employment by Buyer, nor shall anything herein interfere with any right the Buyer may have after the TBA Date to (i) terminate the employment of any of the employees then of Buyer at any time, with or without cause, or (ii) establish or modify any of the terms and conditions of the employment of the Buyer's employees in the exercise of its independent business judgment.
If any event shall have occurred prior to the TBA Date that prevented signal transmission of the Station at less than fifty percent (50%) of authorized power for a continuous period of seven (7) days (provided that Buyer shall have no right to terminate if another television station in the Designated Market Area of the Station has also suffered a similar loss of signal transmission).
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.
If, after adjustment as appropriate with respect to the amount of the aforesaid adjustments paid or credited at the TBA Date, Buyer is determined to owe an amount to Seller, Buyer shall pay such amount to Seller, and if Seller is determined to owe an amount to Buyer, Seller shall pay such amount thereof to Buyer, in each case within ten (10) days of such determination.
Each party shall deliver to the other on or as soon as practicable after the applicable TBA Date (but, in any event, within ten (10) days after such TBA Date) a complete and detailed statement showing the name, amount and age of each Account Receivable of its Stations.
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.