FM Only Closing definition

FM Only Closing has the meaning set forth in the FM Asset Purchase Agreement.
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FM Only Closing means the consummation of the purchase and sale transaction contemplated by this Agreement on the KQQK Closing Date without the simultaneous consummation of the purchase and sale transaction contemplated by the AM Asset Purchase Agreement.
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Examples of FM Only Closing in a sentence

  • In the event of a Simultaneous Closing or in the event of an FM Only Closing in which the AM Asset Purchase Agreement has theretofore been terminated or is terminated on such date, the Escrow Deposit shall be delivered to LBI Holdings.

  • The FM Only Closing shall have previously occurred or the consummation of the purchase and sale transactions contemplated hereunder shall occur as part of a Simultaneous Closing.

  • If this Agreement terminates after an FM Only Closing and the transactions contemplated by this Agreement, including but not limited to transfer of the KEYH FCC Licenses and Permits to LBI License Sub and the transfer of the Purchased Assets to LBI Sub, have not occurred, then the Escrow Deposit shall be delivered to LBI Holdings and Buyer and Seller will execute mutual releases with respect to this Agreement in form and substance reasonably satisfactory to the Parties.