Common use of Advertising Contracts Clause in Contracts

Advertising Contracts. Section 2(r) of the Disclosure Schedule lists those Advertising Contracts and the daily value of such Advertising in Contracts as of the Closing Date. Other than to employees of the Seller or the Station or as disclosed in Section 2(r) of the Disclosure Schedule, no commission or other form of renumeration is paid by the Seller with respect to Advertising Contracts and any renumeration so listed shall be paid by Seller at or prior to Closing. Other then in the Ordinary Course of Business, no party to an Advertising Contract has indicated to the Seller within the past year that it will stop or decrease the rate of advertising.

Appears in 4 contracts

Samples: Asset Purchase Agreement (Cumulus Media Inc), Asset Purchase Agreement (Cumulus Media Inc), Asset Purchase Agreement (Cumulus Media Inc)

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