Common use of Advertising Contracts Clause in Contracts

Advertising Contracts. Section 2(s) of the Disclosure Schedule lists all arrangements for the sale of air time or advertising on the Stations in excess of $10,000, and the amount to be paid to the Sellers therefor, which will not be completed prior to Closing. The Sellers has no reason to believe and has not received a notice or indication of the intention of any of the advertisers or third parties to Material contracts of the Sellers to cease doing business or to reduce in any Material respect the business transacted with the Sellers or to terminate or modify any agreements with the Sellers (whether as a result of consummation of the transactions contemplated hereby or otherwise) which, collectively or individually, would has a Material Adverse Effect.

Advertising Contracts. Section 2(s) of the Disclosure Schedule lists all arrangements for the sale of air time or advertising on the Stations in excess of $10,000, and the amount to be paid to the Sellers therefor, which will not be completed prior to Closing. The Sellers has have no reason to believe and has have not received a notice or indication of the intention of any of the advertisers or third parties to Material contracts of the Sellers to cease doing business or to reduce in any Material respect the business transacted with the Sellers or to terminate or modify any agreements with the Sellers (whether as a result of consummation of the transactions contemplated hereby or otherwise) which, collectively or individually, would has have a Material Adverse Effect.