Payment of Fines. Seller has, prior to Closing, paid in full any and all fines or penalties levied or assessed by the FCC as a result of the failure of any portion of the CATV Systems to comply with the CLI Rules or standards prescribed in Section 5.8.3. Seller shall pay in full any such fines or penalties levied or assessed by the FCC after Closing, to the extent that such fines or penalties (a) relate to the period prior to Closing, and (b) have been determined to be valid.
Appears in 3 contracts
Samples: Asset Purchase Agreement (Northland Cable Properties Five LTD Partnership), Asset Purchase Agreement (Northland Cable Properties Six LTD Partnership), Asset Purchase Agreement (Northland Cable Properties Five LTD Partnership)
Payment of Fines. Seller has, prior to Closing, paid in full any and all fines or penalties levied or assessed by the FCC as a result of the failure of any portion of the CATV Systems to comply with the CLI Rules or standards prescribed in Section 5.8.3. Seller shall remain responsible for (and shall pay in full full) any such fines or penalties levied or assessed by the FCC after Closing, to the extent that such fines or penalties (a) relate to the period prior to Closing, and (b) have been determined to be valid.
Appears in 1 contract
Samples: Asset Purchase Agreement (Northland Cable Properties Four LTD Partnership)
