TBA Date definition
Examples of TBA Date in a sentence
At the TBA Date, Seller shall assign to Buyer for collection purposes only all Accounts Receivable.
Seller shall deliver to Buyer on or as soon as practicable after the TBA Date a complete and detailed statement showing the name, amount and age of each Account Receivable.
Any adjustments or prorations will, insofar as feasible, be determined and paid on the TBA Date, with final settlement and payment being made in accordance with the procedures set forth in Section 2.4B.
If, after adjustment as appropriate with respect to the amount of the aforesaid adjustments paid or credited at the TBA Date, Buyer is determined to owe an amount to Seller, Buyer shall pay such amount to Seller, and if Seller is determined to owe an amount to Buyer, Seller shall pay such amount thereof to Buyer, in each case within ten (10) days of such determination.
From and after the date hereof to the first anniversary of the Closing Date, neither Seller nor any affiliates of Seller shall solicit for employment any employee of the Station; provided, however, that the foregoing shall not apply to any employee of the Station who is terminated by Buyer after the TBA Date.
Prior to the TBA Date, Seller shall deliver to Buyer a list of all Contracts entered into between the date of this Agreement and the TBA Date, together with copies of such Contracts.
If any event shall have occurred prior to the TBA Date that prevented signal transmission of the Station at less than fifty percent (50%) of authorized power for a continuous period of seven (7) days (provided that Buyer shall have no right to terminate if another television station in the Designated Market Area of the Station has also suffered a similar loss of signal transmission).
As of the TBA Date, all Real Property (including the improvements thereon) (i) is in good condition and repair consistent with its present use (reasonable wear and tear excepted), (ii) is available for immediate use in the conduct of the business and operations of the Station, and (iii) complies in all material respects with all applicable building or zoning codes and the regulations of any governmental authority having jurisdiction.
As soon as reasonably practicable following the TBA Date, Seller will cause the account balances of all Hired Employees in the Seller's 401(k) Plan to be distributed to the Hired Employees in accordance with the terms of Seller's 401(k) Plan.
With respect to each leasehold or subleasehold interest included in the Real Property being conveyed under this Agreement, as of the TBA Date, the lease or sublease creating such interest is in full force and effect and the Seller knows of no defaults under such lease or the existence of any event which, after the passage of time and applicable notice or cure periods, would constitute a default under such lease or sublease.