Common use of Control Prior to Closing Clause in Contracts

Control Prior to Closing. Between the date hereof and the Closing Date, Buyer shall not, directly or indirectly, control, supervise or direct, or attempt to control, supervise or direct, the operation of the Station. Such operation, including complete control and supervision of all programs, employees and policies, shall be the sole responsibility of Sellers. After the Closing Sellers shall have no right to control the Station and Sellers shall have no reversionary rights in the Station.

Appears in 2 contracts

Sources: Asset Purchase Agreement (Mission Broadcasting Inc), Asset Purchase Agreement (Nexstar Broadcasting Group Inc)

Control Prior to Closing. Between the date hereof and the Closing Date, Buyer shall not, not directly or indirectly, indirectly control, supervise or direct, or attempt to control, supervise or direct, the operation of the StationStations. Such operation, including complete control and supervision of all programs, employees and policies, shall be the sole responsibility of Sellers. After the Closing Sellers shall have no right to control the Station and Sellers shall have no reversionary rights in the StationSeller.

Appears in 1 contract

Sources: Purchase Agreement (Nexstar Finance LLC)