Station Event has the meaning set forth in Section 9.1.
Station Event means any act of nature (including fires, floods, earthquakes, and storms), calamity, casualty or condemnation or the act or omission to act of any state or federal regulatory agency having jurisdiction over the Stations that has caused one or more Stations not to be operating in a manner substantially consistent with the operations conducted before such act, omission, calamity, casualty, condemnation or agency action occurred or not in compliance with its or their respective Station License(s); an "Event Date" shall mean the date on which a Trading Event, Banking Event, Conflict Event, or a Station Event occurs; and a "Cessation Date" shall mean the date on which a Trading Event, Banking Event, Conflict Event, or a Station Event ends. Pro forma adjustments shall be made for purposes of calculating gross revenues for the 12-month period specified in the definition of "Station Event" with respect to any radio broadcast station acquired during such 12-month period, to assume that such station was acquired at the beginning of such 12-month period and include the gross revenues of such station for the full 12-month period.
Station Event means any act of nature (including fires, floods, earthquakes, and storms), calamity, casualty or condemnation or the act or omission to act of any Governmental Entity having jurisdiction over a Station that has caused such Station not to be operating in a manner substantially consistent with the operations conducted before such Station Event.
Examples of Station Event in a sentence
At the date of this Agreement and at all times prior to Closing and at Closing Sellers have, and will have, disclosed all facts, events, circumstances and conditions that result, or could result, in a Material Adverse Event or a Station Event.
More Definitions of Station Event
Station Event means any act of nature (including fires, floods, earthquakes, and storms), calamity, casualty or condemnation or the act or omission to act of any state or federal regulatory agency having jurisdiction over the Stations, that has caused one or more Stations representing an aggregate of at least 5% of the consolidated gross revenues of the Company for the last full 12 calendar months prior to the Station Event not to be providing a signal to its authorized service area substantially similar to the signal provided before such act, omission, calamity, casualty, condemnation or agency action occurred; provided that the signal of any of the Stations shall be deemed to be substantially similar if, following such act, omission, calamity, casualty, condemnation or agency action, its principal community contour under regular or temporary authorization includes a population equal to or greater than seventy percent (70%) of the population in the principal community contour of such Station as operating immediately prior to such act, omission, calamity, casualty, condemnation or agency action (and, with respect to WEEX-AM, as operating under the special temporary authority referred to in Schedule 3.1(g)); a "Trading Event" shall mean that trading generally in securities on the New York Stock Exchange shall have been suspended and such suspension materially disrupts Buyer's financing of the transactions contemplated by this Agreement; an "Event Date" shall mean the date on which a Banking Event, Conflict Event, Station Event, or a Trading Event occurs; and a "Cessation Date" shall mean the date on which a Station Event ends. Pro forma adjustments shall be made for purposes of calculating gross revenues for the 12-month period specified in the definition of "Station Event" with respect to any radio broadcast station acquired during such 12-month period, to assume that such station was acquired at the beginning of such 12-month period and include the gross revenues of such station for the full 12-month period.
Station Event means any act of nature, calamity or casualty (including but not limited to fires, floods, earthquakes and storms) that has caused one or more Stations representing an aggregate of 3% or more of the consolidated gross revenues of Benchmark, Fund I, Fund IV, Fund VII, Fund VIII and the New Funds for the 12 calendar months ending December 31, 1996 not to be operating in material compliance with its or their respective Station License(s) for a period of 72 consecutive hours or six days within any 30-day period; a "Trading Event" shall mean that trading generally in securities on the New York Stock Exchange shall have been suspended or materially limited; a "Banking Event" shall mean that a general moratorium on commercial banking activities in New York, New York shall have been declared by any federal or state authority; a "Conflict Event" shall mean the occurrence of any major armed conflict involving a substantial participation by the armed forces of the United States of America that causes a disruption of the capital markets of the United States of a magnitude substantially similar to the disruption that would be caused by a Trading Event or a Banking Event; an "Event Date" shall mean the date on which a Trading Event, Banking Event, Conflict Event or Station Event begins; and a "Cessation Date" shall mean the date on which a Trading Event, Banking Event, Conflict Event or a Station Event ends. Pro forma adjustments shall be made for purposes of calculating gross revenues for the 12-month period specified in the definition of "Station Event" (i) to eliminate revenues of any Station sold prior to the Closing Date and (ii) with respect to any radio broadcast station acquired prior to the Closing Date, to assume that such station was acquired at the beginning of such 12-month period and include the gross revenues of such station for the full 12-month period. In the event Mergeco elects to postpone the Closing pursuant to this Section 8.1 on account of a Trading Event, Banking Event or Conflict Event, each of the Fund I Consideration, the Fund IV Consideration, the Fund VII Consideration, the Fund VIII Consideration and the Benchmark Consideration shall be increased beginning after June 30, 1997, at a rate of fifteen percent (15%) per annum (it being understood that such adjustment to the Total Consideration shall not give Mergeco rights to extend the Closing in addition to those specified in this Section 8.1).
Station Event shall have the meaning set forth in Section 8.1.
Station Event means any act of nature (including fires, floods, earthquakes, and storms), calamity, casualty or condemnation or the act or omission to act of any state or federal regulatory agency having jurisdiction over the Stations that has caused one or more Stations representing an aggregate of 3% of the consolidated gross revenues of Seller for the last full 12 calendar months prior to the Station Event not to be operating in a manner substantially consistent with the operations conducted before such act, calamity, casualty, condemnation or agency action or omission occurred or not in compliance with its or their respective Station License(s); an "Event Date" shall mean the date on which a Trading Event, Banking Event or a Conflict Event occurs; and a "Cessation Date" shall mean the date on which a Station Event ends. Pro forma adjustments shall be made for purposes of calculating gross revenues for the 12-month period specified in the definition of "Station Event" with respect to any radio broadcast station acquired during such 12-month period, to assume that such station was acquired at the beginning of such 12-month period and include the gross revenues of such station for the full 12-month period.
Station Event means any event, circumstance or other occurrence of any nature or description that either singularly or in the aggregate prevents any Station from being operated in the Ordinary Course of Business, including, without limitation, acts of nature (e.g. fires, floods, earthquakes and storms), calamity, casualty, condemnation, loss of any rights, titles, interests, licenses, leases and/or privileges necessary for the operation of the Stations in the Ordinary Course of Business, the act or failure or refusal to act of any Governmental Body having jurisdiction over the Stations or any of the Assets or any environmental condition occurs that is not cured by Sunburst in accordance with Section 6.15 below.
Station Event means any act of nature, calamity or casualty (including fires, floods, earthquakes, and storms), or condemnation that has caused one or more Stations representing an aggregate of at least 3% of the consolidated gross revenues of the Company for the last full 12 calendar months prior to the Station Event not to be operating in a manner substantially consistent with the operations conducted before such act, calamity, casualty, condemnation occurred or not in material compliance with its or their respective Station License(s); a "Trading Event" shall mean that trading generally in securities on the New York Stock Exchange shall have been suspended or materially limited; an "Event Date" shall mean the date on which a Banking Event, Conflict Event, Station Event, or a Trading Event occurs; and a "Cessation Date" shall mean the date on which a Station Event ends. Pro forma adjustments shall be made for purposes of calculating gross revenues for the 12-month period specified in the definition of "Station Event" with respect to any radio broadcast station acquired during such 12-month period, to assume that such station was acquired at the beginning of such 12-month period and include the gross revenues of such station for the full 12-month period.
Station Event means any act of nature (including fires, floods, earthquakes, and storms), calamity, casualty or condemnation that has caused one or more Stations representing an aggregate of at least 3% of the consolidated gross revenues of Seller for the last full 12 calendar months prior to the Station Event not to be operating in a manner substantially consistent with the operations conducted before such act, omission, calamity, casualty or condemnation; an "Event Date" shall mean the date on which a Trading Event, Banking Event, or a Station Event occurs; and a "Cessation Date" shall mean the date on which a Trading Event, Banking Event, or a Station Event ends. Pro forma adjustments shall be made for purposes of calculating gross revenues for the 12-month period specified in the definition of "Station Event" with respect to any radio broadcast station acquired during such 12-month period, to assume that such station was acquired at the beginning of such 12-month period and include the gross revenues of such station for the full 12-month period.