Common use of Broker Commission Clause in Contracts

Broker Commission. The Sellers and Buyer each represent to the other that they have not engaged a broker in connection with the contemplated transaction, except that CBC has engaged Star Media Group, Inc., and Buyer has engaged Xxx Xxxxxxx Company and each party agrees to pay the respective commissions owed under such engagements and agrees to indemnify and hold the other party or parties harmless against any claims made by a broker through it or them in connection with the transactions contemplated hereunder.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Childrens Broadcasting Corp), Asset Purchase Agreement (Radio Unica Corp)

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Broker Commission. The Sellers and Buyer each represent to the other that they have not engaged a broker in connection with the contemplated transaction, except that CBC has engaged Star Media Group, Inc., and Buyer has engaged Xxx Xxxxxxx Company and each party agrees to pay the respective commissions owed under such engagements and agrees to indemnify and hold the other party or parties harmless against any claims made by a broker through it or them in connection with the transactions contemplated hereunder.. Buyer has no obligation to pay any brokerage fee due Star Media Group, Inc.

Appears in 1 contract

Samples: Asset Purchase Agreement (Childrens Broadcasting Corp)

Broker Commission. The Sellers and Buyer each represent to the other that they have not engaged a broker in connection with the contemplated transaction, except that CBC has engaged Star Media Group, Inc.Inc. with respect to that portion of the transaction associated with the operations of Stations WJDM(AM) and WAUR(AM), and Buyer has engaged Xxx Xxxxxxx Company Star Media Group, Inc. with respect to the entire contemplated transaction, and each party agrees to pay the respective commissions owed under such engagements agreements and agrees agree to indemnify and hold the other party or parties harmless against any claims made by a broker through it or them in connection with the transactions contemplated hereunder.

Appears in 1 contract

Samples: Exhibit 10 (Childrens Broadcasting Corp)

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Broker Commission. The Sellers and Buyer each represent to the other that they have not engaged a broker in connection with the contemplated transaction, except that CBC has engaged Star Media Group, Inc., and Buyer has engaged Xxx Xxxxxxx Company and each party agrees to pay the respective commissions owed under such engagements and agrees to indemnify and hold the other party or parties harmless against any claims made by a broker through it or them in connection with the transactions contemplated hereunder.

Appears in 1 contract

Samples: Exhibit 10 (Childrens Broadcasting Corp)

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