Common use of Possession and Control Clause in Contracts

Possession and Control. Between the date hereof and the Closing Date, Buyer shall not directly or indirectly control, supervise or direct, or attempt to control, supervise or direct, the business and operations of the Stations, and such operation, including complete control and supervision of all programming, shall be the sole responsibility of the owners of the Stations, except as contemplated by the LMA Agreement after the Non-License Transfer. On and after the Closing Date, Sellers shall have no control over, or right to intervene, supervise, direct or participate in, the business and operations of the Stations.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Sinclair Broadcast Group Inc), Asset Purchase Agreement (STC Broadcasting Inc)

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Possession and Control. Between the date hereof and the Closing Date, Buyer shall not directly or indirectly control, supervise or direct, or attempt to control, supervise or direct, the business and operations of the StationsStation, and such operation, including complete control and supervision of all programmingprograms, shall be the sole responsibility of Seller; provided, however, Buyer shall be entitled to inspect the owners Assets as provided in Section 7.02(h) so that an uninterrupted and efficient transfer of the Stations, except as contemplated by the LMA Agreement after the Non-License Transferownership may be effected. On and after the Closing Date, Sellers Seller shall have no control over, or right to intervene, supervise, direct intervene or participate in, the business and operations of the StationsStation.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Allbritton Communications Co), Time Brokerage Agreement (Osborn Communications Corp /De/)

Possession and Control. Between Notwithstanding any other provision of this Agreement or any Transaction Document, between the date hereof and the Closing Date, Buyer shall not directly or indirectly control, supervise or direct, or attempt to control, supervise or direct, the business and operations of the StationsStation, and such operation, including complete control and supervision of all programming, finances and employment shall be the sole responsibility of Sellers; provided, however, that Buyer shall be entitled to inspect the owners of the Stations, except Assets as contemplated by the LMA Agreement after the Non-License Transferprovided in SECTION 6.2(E). On and after the Closing Date, Sellers shall have no control over, or right to intervene, supervise, direct or participate in, the business and operations of the StationsStation.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Radio Unica Corp), Asset Purchase Agreement (Radio Unica Corp)

Possession and Control. Between the date hereof of this Agreement and the Closing DateClosing, Buyer shall not directly or indirectly control, supervise or direct, or attempt to control, supervise or direct, the business and operations operation of the StationsStation, and such operation, including complete control and supervision of all Station programming, personnel and finances, shall be the sole responsibility of Seller; provided, however, that Buyer shall be entitled to inspect the owners Assets as provided in Section 7.2 with the purpose that an uninterrupted and efficient transfer of the Stations, except as contemplated by the LMA Agreement after the Non-License Transferownership may be accomplished. On and after the Closing DateClosing, Sellers Seller shall have no control over, or right to intervene, supervise, direct intervene or participate in, the business and operations operation of the StationsStation, but Buyer will give Seller reasonable access to the books and records included in the Assets.

Appears in 1 contract

Samples: Asset Purchase and Sale Agreement

Possession and Control. Between the date hereof and the Closing Date, Buyer shall not directly or indirectly control, supervise or direct, or attempt to control, supervise or direct, the business and operations of the StationsStation, and such operation, including complete control and supervision of all programming, shall be the sole responsibility of the owners of the StationsStation, except as contemplated by the LMA Time Brokerage Agreement after the Non-License Transfer. On and after the Closing Date, Sellers shall have no control over, or right to intervene, supervise, direct or participate in, the business and operations of the Stations.

Appears in 1 contract

Samples: Asset Purchase Agreement (STC Broadcasting Inc)

Possession and Control. Between the date hereof and the Closing Date, Buyer shall not directly or indirectly control, supervise or direct, or attempt to control, supervise or direct, the business and operations of the StationsSystem, and such operation, including complete control and supervision of all programmingprograms, shall be the sole responsibility of Seller; provided, however, Buyer shall be entitled to inspect the owners Assets as provided in Section 7.02(i) so that an uninterrupted and efficient transfer of the Stations, except as contemplated by the LMA Agreement after the Non-License Transferownership may be effected. On and after the Closing Date, Sellers Seller shall have no control over, or right to intervene, supervise, direct intervene or participate in, the business and operations of the StationsSystem.

Appears in 1 contract

Samples: Sale and Purchase Agreement (Palmer Wireless Inc)

Possession and Control. Between the date hereof and the Closing Date, Buyer shall not directly or indirectly control, supervise or direct, or attempt to control, supervise or direct, the business and operations of the StationsStation, and such operation, including complete control and supervision of all programming, shall be the sole ultimate responsibility of the owners licensee of the StationsStation; PROVIDED, except HOWEVER, that Buyer shall be entitled to inspect the Assets as contemplated by the LMA Agreement after the Non-License Transferprovided in Section 6.2.10 so that an uninterrupted and efficient transfer of ownership may be effected. On and after the Closing Date, Sellers Seller shall have no control over, or right to intervene, supervise, direct or participate in, the business and operations of the StationsStation.

Appears in 1 contract

Samples: Asset Purchase Agreement (Paxson Communications Corp)

Possession and Control. Between the date hereof and the Closing Date, Buyer shall not directly or indirectly control, supervise or direct, or attempt to control, supervise or direct, the business and operations of the StationsStation, and such operation, including complete control and supervision of all programming, shall be the sole responsibility of the owners of the Stations, except as contemplated by the LMA Agreement after the Non-License TransferStation. On and after the Closing Date, Sellers Seller shall have no control over, or right to intervene, supervise, direct or participate in, the business and operations of the StationsStation.

Appears in 1 contract

Samples: Asset Purchase Agreement (Gray Television Inc)

Possession and Control. Between Notwithstanding any other provision of any Seller Document or Buyer Document, between the date hereof and the Closing Date, Buyer shall not directly or indirectly control, supervise or direct, or attempt to control, supervise or direct, the business and operations of the StationsStation, and such operation, including complete control and supervision of all programming, finances and employment, shall be the sole responsibility of Seller; provided, however, that Buyer shall be entitled to inspect the owners of the Stations, except Elcom Assets as contemplated by the LMA Agreement after the Non-License Transferprovided in Section 6.2(f). On and after the Closing Date, Sellers Seller shall have no control over, or right to intervene, supervise, direct or participate in, the business and operations of the StationsStation.

Appears in 1 contract

Samples: Asset Purchase Agreement (STC Broadcasting Inc)

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Possession and Control. Between the date hereof and the Closing Date, Buyer shall not directly or indirectly control, supervise or direct, or attempt to control, supervise or direct, the business and operations of the StationsStation, and such operation, including complete control and supervision of all programming, shall be the sole responsibility of the owners of the Stations, except as contemplated by the LMA Agreement after the Non-License TransferStation. On and after the Closing Date, Sellers Seller shall have no control over, or right to intervene, supervise, direct or participate in, the business and operations of the StationsStation. 8.2.

Appears in 1 contract

Samples: Asset Purchase Agreement

Possession and Control. Between the date hereof and the Closing DateDate (notwithstanding that the Preliminary Payment Date shall have occurred or any other provisions hereof), Buyer shall not directly or indirectly control, supervise or direct, or attempt to control, supervise or direct, the business and operations of the Stations, and such operation, including complete control and supervision of all programming, shall be the sole responsibility of the owners of the Stations, except as contemplated by the LMA Agreement after the Non-License TransferSeller. On and after the Closing Date, Sellers Seller shall have no control over, or right to intervene, supervise, direct or participate in, the business and operations of the Stations.

Appears in 1 contract

Samples: Asset Purchase Agreement by And (Sinclair Broadcast Group Inc)

Possession and Control. Between the date hereof and the Closing Date, Buyer shall not directly or indirectly control, supervise or direct, or attempt to control, supervise or direct, the business and operations of the StationsStation, and such operation, including complete control and supervision of all programming, shall be the sole responsibility of the owners of the Stations, except as contemplated by the LMA Agreement after the Non-License TransferSeller. On and after the Closing Date, Sellers Seller shall have no control over, or right to intervene, supervise, direct or participate in, the business and operations of the StationsStation.

Appears in 1 contract

Samples: Asset Purchase Agreement (STC Broadcasting Inc)

Possession and Control. Between Notwithstanding any other provision of this Agreement or any Transaction Document, between the date hereof and the Closing Date, Buyer shall not directly or indirectly control, supervise or direct, or attempt to control, supervise or direct, the business and operations of the StationsStation, and such operation, including complete control and supervision of all programming, finances and employment shall be the sole responsibility of Sellers; provided, however, that Buyer shall be entitled (i) to provide programming to the owners of Station pursuant to the StationsTBA, except and (ii) to inspect the Assets as contemplated by the LMA Agreement after the Non-License Transferprovided in Section 6.2(e). On and after the Closing Date, Sellers shall have no control over, or right to intervene, supervise, direct or participate in, the business and operations of the StationsStation.

Appears in 1 contract

Samples: Asset Purchase Agreement (Oro Spanish Broadcasting Inc)

Possession and Control. Between the date hereof and the Closing Date, Buyer shall not directly or indirectly control, supervise or direct, or attempt to control, supervise or direct, the business and operations of the Stations, and such operation, including complete control and supervision of all programming, shall be the sole responsibility of the owners of the Stations, except as contemplated by the LMA Agreement after the Non-License TransferSellers. On and after the Closing Date, Sellers shall have no control over, or right to intervene, supervise, direct or participate in, the business and operations of the Stations.

Appears in 1 contract

Samples: Asset Purchase Agreement (STC Broadcasting Inc)

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