Station Divestitures Clause Samples

Station Divestitures. In the event of any closure, sale, conveyance, or other transfer of any of the Company Earn-out Properties prior to the end of the Earn-out Period that is not to an Affiliate and that does not constitute a Change in Control (any such closure, sale, conveyance or transfer, a “Station Divestiture”), the Threshold Amount shall be reduced by an amount equal to the Fuel Gross Profit attributable to such Company Earn-Out Properties during the Calculation Period immediately preceding such Station Divestiture.