Common use of Possession and Control Clause in Contracts

Possession and Control. 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 business and operations of the Station, and such operation, including complete control and supervision of all programs, shall be the sole responsibility of Seller; provided, however, Buyer shall be entitled to inspect the Assets as provided in Section 7.02(h) so that an uninterrupted and efficient transfer of ownership may be effected. On and after the Closing Date, Seller shall have no control over, or right to intervene or participate in, the business and operations of the Station.

Appears in 2 contracts

Samples: Time Brokerage Agreement (Osborn Communications Corp /De/), Asset Purchase Agreement (Allbritton Communications Co)

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Possession and Control. 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 business and operations of the StationStations, and such operation, including complete control and supervision of all programsprogramming, shall be the sole responsibility of Seller; providedthe owners of the Stations, however, Buyer shall be entitled to inspect except as contemplated by the Assets as provided in Section 7.02(h) so that an uninterrupted and efficient transfer of ownership may be effectedLMA Agreement after the Non-License Transfer. On and after the Closing Date, Seller Sellers shall have no control over, or right to intervene intervene, supervise, direct or participate in, the business and operations of the StationStations.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Sinclair Broadcast Group Inc), Asset Purchase Agreement (STC Broadcasting Inc)

Possession and Control. Between Notwithstanding any other provision of this Agreement or any Transaction Document, 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 business and operations of the Station, and such operation, including complete control and supervision of all programsprogramming, finances and employment shall be the sole responsibility of SellerSellers; provided, however, that Buyer shall be entitled to inspect the Assets as provided in Section 7.02(h) so that an uninterrupted and efficient transfer of ownership may be effectedSECTION 6.2(E). On and after the Closing Date, Seller Sellers shall have no control over, or right to intervene intervene, supervise, direct or participate in, the business and operations of the Station.

Appears in 2 contracts

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

Possession and Control. 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 business and operations of the Station, and such operation, including complete control and supervision of all programsprogramming, shall be the sole responsibility of Seller; providedthe owners of the Station, however, Buyer shall be entitled to inspect except as contemplated by the Assets as provided in Section 7.02(h) so that an uninterrupted and efficient transfer of ownership may be effectedTime Brokerage Agreement after the Non-License Transfer. On and after the Closing Date, Seller Sellers shall have no control over, or right to intervene intervene, supervise, direct or participate in, the business and operations of the StationStations.

Appears in 1 contract

Samples: Asset Purchase Agreement (STC Broadcasting Inc)

Possession and Control. 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 business and operations of the StationSystem, and such operation, including complete control and supervision of all programs, shall be the sole responsibility of Seller; provided, however, Buyer shall be entitled to inspect the Assets as provided in Section 7.02(h7.02(i) so that an uninterrupted and efficient transfer of ownership may be effected. On and after the Closing Date, Seller shall have no control over, or right to intervene or participate in, the business and operations of the StationSystem.

Appears in 1 contract

Samples: Sale and Purchase Agreement (Palmer Wireless Inc)

Possession and Control. 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 business and operations of the Station, and such operation, including complete control and supervision of all programsprogramming, shall be the sole ultimate responsibility of Sellerthe licensee of the Station; providedPROVIDED, howeverHOWEVER, that Buyer shall be entitled to inspect the Assets as provided in Section 7.02(h) 6.2.10 so that an uninterrupted and efficient transfer of ownership may be effected. On and after the Closing Date, Seller shall have no control over, or right to intervene intervene, supervise, direct or participate in, the business and operations of the Station.

Appears in 1 contract

Samples: Asset Purchase Agreement (Paxson Communications Corp)

Possession and Control. Between the date hereof and the Closing DateDate (notwithstanding that a Payment Date shall have occurred or any other provisions hereof), Buyer shall not directly or indirectly control, supervise or direct, or attempt to control, supervise or direct, the business and operations of the StationStations, and such operation, including complete control and supervision of all programsprogramming, shall be the sole responsibility of Seller; provided, however, Buyer shall be entitled to inspect the Assets as provided in Section 7.02(h) so that an uninterrupted and efficient transfer of ownership may be effectedSellers. On and after the Closing Date, Seller Sellers shall have no control over, or right to intervene intervene, supervise, direct or participate in, the business and operations of the StationStations.

Appears in 1 contract

Samples: Asset Purchase Agreement by And (Sinclair Broadcast Group Inc)

Possession and Control. Between Notwithstanding any other provision of any Seller Document or Buyer Document, 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 business and operations of the Station, and such operation, including complete control and supervision of all programsprogramming, finances and employment, shall be the sole responsibility of Seller; provided, however, that Buyer shall be entitled to inspect the Elcom Assets as provided in Section 7.02(h) so that an uninterrupted and efficient transfer of ownership may be effected6.2(f). On and after the Closing Date, Seller shall have no control over, or right to intervene intervene, supervise, direct or participate in, the business and operations of the Station.

Appears in 1 contract

Samples: Asset Purchase Agreement (STC Broadcasting Inc)

Possession and Control. Between the date hereof and the Closing DateDate (notwithstanding that the Preliminary Payment Date shall have occurred or any other provisions hereof), Buyer shall not directly or indirectly control, supervise or direct, or attempt to control, supervise or direct, the business and operations of the StationStations, and such operation, including complete control and supervision of all programsprogramming, shall be the sole responsibility of Seller; provided, however, Buyer shall be entitled to inspect the Assets as provided in Section 7.02(h) so that an uninterrupted and efficient transfer of ownership may be effected. On and after the Closing Date, Seller shall have no control over, or right to intervene intervene, supervise, direct or participate in, the business and operations of the StationStations.

Appears in 1 contract

Samples: Asset Purchase Agreement by And (Sinclair Broadcast Group Inc)

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Possession and Control. 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 business and operations of the StationStations, and such operation, including complete control and supervision of all programsprogramming, shall be the sole responsibility of Seller; provided, however, Buyer shall be entitled to inspect the Assets as provided in Section 7.02(h) so that an uninterrupted and efficient transfer of ownership may be effectedSellers. On and after the Closing Date, Seller Sellers shall have no control over, or right to intervene intervene, supervise, direct or participate in, the business and operations of the StationStations.

Appears in 1 contract

Samples: Asset Purchase Agreement (STC Broadcasting Inc)

Possession and Control. 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 business and operations of the Station, and such operation, including complete control and supervision of all programsprogramming, shall be the sole responsibility of Seller; provided, however, Buyer shall be entitled to inspect the Assets as provided in Section 7.02(h) so that an uninterrupted and efficient transfer owners of ownership may be effectedthe Station. On and after the Closing Date, Seller shall have no control over, or right to intervene intervene, supervise, direct or participate in, the business and operations of the Station.

Appears in 1 contract

Samples: Asset Purchase Agreement (Gray Television Inc)

Possession and Control. Between Notwithstanding any other provision of this Agreement or any Transaction Document, 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 business and operations of the Station, and such operation, including complete control and supervision of all programsprogramming, finances and employment shall be the sole responsibility of SellerSellers; provided, however, that Buyer shall be entitled (i) to provide programming to the Station pursuant to the TBA, and (ii) to inspect the Assets as provided in Section 7.02(h) so that an uninterrupted and efficient transfer of ownership may be effected6.2(e). On and after the Closing Date, Seller Sellers shall have no control over, or right to intervene intervene, supervise, direct or participate in, the business and operations of the Station.

Appears in 1 contract

Samples: Asset Purchase Agreement (Oro Spanish Broadcasting Inc)

Possession and Control. 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 business and operations of the Station, and such operation, including complete control and supervision of all programsprogramming, shall be the sole responsibility of Seller; provided, however, Buyer shall be entitled to inspect the Assets as provided in Section 7.02(h) so that an uninterrupted and efficient transfer of ownership may be effected. On and after the Closing Date, Seller shall have no control over, or right to intervene intervene, supervise, direct or participate in, the business and operations of the Station.

Appears in 1 contract

Samples: Asset Purchase Agreement (STC Broadcasting Inc)

Possession and Control. Between the date hereof of this Agreement and the Closing DateClosing, Buyer shall not directly or indirectly control, supervise or direct, or attempt to control, supervise or direct, the business and operations operation of the Station, and such operation, including complete control and supervision of all programsStation programming, personnel and finances, shall be the sole responsibility of Seller; provided, however, that Buyer shall be entitled to inspect the Assets as provided in Section 7.02(h) so 7.2 with the purpose that an uninterrupted and efficient transfer of ownership may be effectedaccomplished. On and after the Closing DateClosing, Seller shall have no control over, or right to intervene or participate in, the business and operations operation of the Station, but Buyer will give Seller reasonable access to the books and records included in the Assets.

Appears in 1 contract

Samples: Asset Purchase and Sale Agreement

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