Control and Access. Subject to Regent's time brokering of the Stations pursuant to the Time Brokerage Agreement, prior to Closing, Regent and its agents shall not directly or indirectly (i) control, supervise or direct, or (ii) attempt to control, supervise or direct, the operations of the Stations. Except as otherwise provided herein, such operations shall be the sole responsibility of and in the complete discretion of Alta. Regent shall, however, be permitted reasonable observation, access and inspection of the records and property of the Stations during regular business hours and be furnished on a monthly basis (within 20 days following the end of each month) a profit and loss statement and such other financial statements including historical statements, relating to the Stations as it may reasonably request and as are regularly prepared by Alta in the ordinary course of the business of the Stations.
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Sources: Merger Agreement (Redwood Broadcasting Inc), Merger Agreement (Regent Communications Inc)
Control and Access. Subject to Regent's time brokering of the Stations Station pursuant to the Time Brokerage Agreement, prior to Closing, Regent and its agents shall not directly or indirectly (i) control, supervise or direct, or (ii) attempt to control, supervise or direct, the operations of the StationsStation. Except as otherwise provided herein, such operations shall be the sole responsibility of and in the complete discretion of AltaRASA. Regent shall, however, shall be permitted reasonable observation, access and inspection of the Topaz's records and property of the Stations Station during regular business hours and be furnished on a monthly basis (within 20 days following the end of each month) a profit and loss statement and such other financial statements including historical statements, relating to the Stations Station as it may reasonably request and as are regularly prepared by Alta Topaz in the ordinary course of the business of the Stationsbusiness.
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