Examples of TBA Effective Date in a sentence
Tribune Denver shall deliver to Optionee, within five (5) business days of its preparation, copies of any monthly, quarterly or annual financial statements relating solely to the Business that may be prepared by it or any of its Affiliates during the period from the date hereof through the TBA Effective Date.
Within sixty (60) calendar days after delivery by Seller of its calculation of the Estimated Net Working Capital Amount pursuant to Section 2.06(a), Purchaser shall deliver to Seller a statement (the “NWC Statement”), setting forth its calculation of Net Working Capital as of the TBA Effective Date (the “Preliminary Closing Net Working Capital Amount”), together with a reasonably detailed explanation of the calculation thereof.
As promptly as practicable after the date hereof, Regent shall obtain consents to assign the existing time brokerage agreements and joint sales agreements for the TBA Stations and once obtained, Regent or the Regent Subsidiary shall, on or after the TBA Effective Date, assign to Citicasters, and Citicasters shall assume, such time brokerage agreements.
Notwithstanding any provision of this Agreement or the Time Brokerage Agreement to the contrary, Buyer shall not be required to assume on the TBA Effective Date or the Closing Date any of Seller's obligations under the Existing Trade Agreements to the extent such obligations, as of the TBA Effective Date or Closing Date, exceed the value of goods or services to be received by Seller under the Existing Trade Agreements, as of the TBA Effective Date or Closing Date.
From the date hereof until the TBA Effective Date, Buyer shall make a payment to MBC on the last day of each calendar month equal to the amount certified by MBC by which the monthly expenses, exclusive of debt service, of the Station exceed the monthly income.
Between the date of this Agreement and the ----------------------- TBA Effective Date, Sellers will deliver to Buyer, on a monthly basis within thirty (30) days of the end of each month, information relating to the operation of the Stations, including weekly sales reports and such other financial information that may be reasonably requested.
Not later than ten (10) Business Days following the TBA Effective Date, Seller shall deliver to Purchaser its good faith estimate of Net Working Capital as of the TBA Effective Date (the “Estimated Net Working Capital Amount”), together with a reasonably detailed explanation of the calculation thereof, prepared in accordance with the Net Working Capital Principles.
In consideration for the transfer of the Purchased Assets, Buyer shall pay to Seller an amount (the "Purchase Price") equal to the greater of (a) $112.5 million or (b) the sum of (i) $105 million plus (ii) an amount equal to the product of the Daily Amount (the parties acknowledge the Daily Amount may be different for each day) multiplied by the number of days elapsed from the TBA Effective Date until (but not including) the Closing Date.
The Regent Disclosure Letter contains a description of environmental indemnities of which, as of the date hereof and the TBA Effective Date, either Regent or any Subsidiary is a beneficiary.
For purposes of the previous sentence, “active employee” shall mean Tribune’s or Tribune Denver’s employees who are properly classified as actively at work at the Stations on the day before the TBA Effective Date, and shall not include any individuals (i) receiving short-term disability benefits or long-term disability benefits under any plan or program established or maintained by Tribune or Tribune Denver or (ii) on any type of leave other than vacation leave or sick leave on the TBA Effective Date.