Common use of STUDIO FACILITIES Clause in Contracts

STUDIO FACILITIES. For a period of ninety (90) days following ----------------- the Closing (the "Transition Period"), Seller shall allow the Station to continue its operations at its current studio location under Buyers' control to provide Buyers with ample time to construct and equip new studios for the Station at Buyers' own facilities. Buyers may operate the Station in its current facilities in a manner substantially similar to the manner in which it is currently operated, using all commercially reasonable efforts to minimize any inconvenience to Seller. Buyers shall pay to NMG the Station's proportionate allocation of all utility costs associated with Buyers' use of Seller's studio and equipment during the Transition Period.

Appears in 1 contract

Sources: Asset Purchase Agreement (Nm Licensing LLC)

STUDIO FACILITIES. For a period of ninety (90) days following ----------------- the Closing (the "Transition Period"), Seller shall allow the Station to continue its operations at its current studio location under Buyers' control to provide Buyers with ample time to construct and equip new studios for the Station at Buyers' own facilities. Buyers may operate the Station in its current facilities in a manner substantially similar to the manner in which it is currently operated, using all commercially reasonable efforts to minimize any inconvenience to Seller. Buyers shall pay to NMG the Station's proportionate allocation of all utility costs associated with Buyers' use of Seller's studio and equipment during the Transition Period.

Appears in 1 contract

Sources: Asset Purchase Agreement (Regent Communications Inc)