Examples of Tribune Station Business in a sentence
Such financial statements shall fairly present the financial position and results of operations of the Tribune Station Business as at the dates and for the periods indicated, and shall be prepared on a basis consistent and in accordance with the basis upon which the financial statements included in Schedule 2.4 were prepared.
All monies required to be withheld by the Tribune Sub from employees of the Tribune Station Business for income Taxes, social security and other payroll Taxes have been collected or withheld, and either paid to the respective Governmental Bodies, set aside in accounts for such purpose, or accrued, reserved against and entered upon the books of the Tribune Sub.
Schedule 2.10 contains a brief description of each parcel of real property owned by Tribune or the Tribune Sub (exclusively or otherwise) and used in or relating to the Tribune Station Business (showing the record title holder, legal description, location and any indebtedness secured by a mortgage or other lien thereon) and of each option, right or contract to purchase held by Tribune or the Tribune Sub to acquire any real property for use in connection with the Tribune Station Business.
All accounts receivable of the Tribune Sub relating to the Tribune Station Business have arisen from bona fide transactions by the Tribune Sub in the ordinary course of the Tribune Station Business and, to the best knowledge of Tribune, constitute only valid claims which are not subject to counterclaims or setoffs.
Except as set forth in Schedule 2.4, such balance sheets and statements of income have been prepared in accordance with generally accepted accounting principles consistently applied and present fairly the financial position and results of operations of the Tribune Station Business in all material respects as of their respective dates and for the respective periods covered thereby subject to the absence of footnotes and normal year-end adjustments.
The Tribune Sub has requisite corporate power and authority to own or lease and to operate the Tribune Station, to use the Tribune Station Assets and to carry on the Tribune Station Business as now conducted by it.
Schedule 2.18 contains: (a) a list of all individuals employed by the Tribune Sub in connection with the Tribune Station Business as of August 19, 1998; and (b) the then current rate of compensation provided by the Tribune Sub to such employees.
Schedule 2.13 contains a list as of December 28, 1997 of all machinery, equipment, vehicles, furniture and other personal property owned by Tribune or the Tribune Sub having an original cost of $10,000 or more and used in or relating to the Tribune Station Business.
The Tribune Sub maintains in respect of the Tribune Station Assets, the Tribune Station and the Tribune Station Business policies of fire and extended coverage and casualty, liability and other forms of insurance in such amounts and against such risks and losses as are in the judgment of Tribune prudent for the Tribune Station Business.
Except as set forth in Schedule 2.8 and except for the Excluded Tribune Assets, the Tribune Station Assets constitute all the assets used in the conduct of the Tribune Station Business and are in good and serviceable condition (subject to normal wear and tear).