Common use of Post-Closing Agreement Clause in Contracts

Post-Closing Agreement. On the Closing Date, the Seller shall execute, and shall cause Xxxx Xxxx and Xxxxxx Xxxx to execute, a Post-Closing Agreement with the Buyers including covenants not to compete with the Buyers in the markets served by the Stations in the form of Exhibit D attached hereto. A portion of the Purchase Price equal to One Hundred Thousand Dollars ($100,000) shall be paid to the Seller, on behalf of all parties other than the Buyers, on the Closing Date as consideration for the agreements set forth in the Post-Closing Agreement.

Post-Closing Agreement. On the Closing Date, the Seller shall execute, and shall cause Xxxx Xxxx and Ralpx X. Xxxxxx Xxxx to xx execute, a Post-Closing Agreement with the Buyers including covenants not to compete with the Buyers in the markets served by the Stations in the form of Exhibit D C attached hereto. A portion of the Purchase Price equal to One Hundred Thousand Dollars ($100,000) shall be paid to Ralpx X. Xxxxxx xx the Seller, on behalf of all parties other than the Buyers, Buyers on the Closing Date as consideration for the agreements set forth in the Post-Closing Agreement.

Post-Closing Agreement. On the Closing Date, the Seller shall execute, and shall cause Xxxx Xxxx and Xxxxxx Xxxx its sole shareholder to execute, a Post-Closing closing Agreement with the Buyers including covenants not to compete with the Buyers in the markets served by the Stations and agreements to indemnify the Buyers in the form of Exhibit D C attached hereto. A portion of the Purchase Price equal to One Hundred Fifty Thousand Dollars ($100,00050,000) shall be paid to the Seller, on behalf of all parties other than Seller by the Buyers, Buyers on the Closing Date as consideration for the agreements set forth in the Post-Closing closing Agreement.