CRNY definition
Examples of CRNY in a sentence
In the event SSET, CRNY and SSFSM takes any such detrimental action, the Control Shareholders shall indemnify and hold harmless the Issuer, BSM and the BSM Shareholders for any damages, costs or expenses they may incur as a result of such detrimental action.
Prior to the SSET Spin-Off, BSM shall take all legally permissible actions requested by the Control Shareholders, at the sole cost and expense of the Control Shareholders, in order to maintain the boards of directors and officers of SSET, CRNY and SSFSM as designated by the Control Shareholders.
All representations, warranties and covenants of Sellers and CRNY contained in this Agreement shall survive for a period of twenty-four (24) months after the Closing Date, except that all representations, warranties and covenants of Sellers and CRNY contained herein with respect to title to the Station Assets and the CRNY Stock contained in Sections 6.5, 6.6.3, 6.12(c) and 6.
Sellers or CRNY hold, and will convey to Buyer at Closing free and clear of any liens or encumbrances of any kind or nature excepting only Permitted Encumbrances, a valid and enforceable freehold interest in the Owned Real Property and valid and enforceable leasehold interests (or interest as a licensee, as the case may be) in the Leased Real Property pursuant to the Leases as shown on Schedule B, subject only to the right of reversion of the landlord or lessor under the Leases and the terms thereof.
The consummation of the transactions contemplated hereby will not cause Buyer to incur or suffer any liability relating to, or obligation to pay, severance, termination, or other payments to any person or entity for employment by Sellers, CRNY, the Stations or WJDM, or any liability under any employee benefit plans of Sellers or CRNY, including, without limitation, any liability under the Internal Revenue Code of 1986, as amended, or the Employee Retirement Income Security Act of 1974, as amended.
By May 15, 1998, Buyer may, at its expense, conduct Phase I environmental assessment activities of the Real Property (subject to any requirement, condition and limitation set forth in the Leases with respect to Leased Real Property), including inspecting individual sites, submitting environmental questionnaires to Sellers and CRNY and the employees of the Stations and WJDM and reviewing existing environmental reports, correspondence, permits and related materials regarding the Real Property.
Each Seller hereby expressly waives all rights of equitable indemnity, subrogation and contribution, whether by contract, statute or common law with respect to CRNY for the indemnification obligations of Sellers to the Buyer Indemnities contained herein.
As the purchase price for the Acquired Assets and the CRNY Stock, Buyer agrees to pay to CBC the sum of Fifty-seven Million and no/100 Dollars ($57,000,000.00), subject to adjustment as provided herein (the "Purchase Price").
Neither Sellers nor CRNY have received any notice from any issuer of such policies of its intention to cancel, terminate or refuse to renew any policy issued by it.
The Sellers and CRNY shall give Buyer and its representatives reasonable access during normal business hours throughout the period prior to Closing to the operations, properties, books, accounting records, contracts, agreements, leases, commitments, programming, technical and sales records and other records of and pertaining to the business and operations of the Stations and WJDM; provided, however, such access shall not unreasonably disrupt the Sellers' or CRNY's normal operation.