Common use of Effect of Termination on Advertising and other Contracts Clause in Contracts

Effect of Termination on Advertising and other Contracts. On the termination date, Programmer will provide to Licensee a written schedule of all advertising commitments for the Stations then in effect. Licensee shall reasonably cooperate with Programmer to honor all such advertising commitments then outstanding, in which event Licensee shall receive as compensation for the broadcasting of such programming that which otherwise would have been paid to Programmer; provided, however, as to fees received by Licensee for advertising broadcasts by Programmer prior to the Termination Date, Licensee agrees to pay to Programmer 100 percent (100%) of all advertising revenue received by Licensee with respect thereto within 120 days using procedures comparable to those specified in Section 7 below. Programmer will remain liable for all other contracts entered into and other liabilities incurred by Programmer in the course of its performance under this Agreement, if any, and Licensee shall not assume any liability therefor.

Effect of Termination on Advertising and other Contracts. On the termination date, Programmer will provide to Licensee a written schedule of all advertising commitments for the Stations Station then in effect. Licensee shall reasonably cooperate with Programmer to honor all such advertising commitments then outstanding, in which event Licensee shall receive as compensation for the broadcasting of such programming that which otherwise would have been paid to Programmer; provided, however, as to fees received by Licensee for advertising broadcasts by Programmer prior to the Termination Date, Licensee agrees to pay to Programmer 100 percent (100%) of all advertising revenue received by Licensee with respect thereto (after deduction and payment of applicable sales commissions) within 120 days using procedures comparable to those specified in Section 7 below. Programmer will remain liable for all other contracts entered into and other liabilities incurred by Programmer in the course of its performance under this Agreement, if any, and Licensee shall not assume any liability therefor.