Common use of Correct Records Clause in Contracts

Correct Records. The financial records, ledgers, account books and other accounting records of Seller relating to the Business are current, correct and complete and, if required by applicable law, conform with the rules and regulations of the FCC and the State Regulatory Authorities, except for instances that in the aggregate are not reasonably likely to have a material adverse effect on the Business following the Closing Date and except for the Continuing Property Records for the Exchanges, which are dealt with specifically elsewhere in this Agreement. Seller has retained substantially all original cost documentation relating to the regulated Business regarding the expenditures made by Seller within the period required by Applicable Law that relate to the Property, and such original cost documents are correct and complete in all respects, except for instances that in the aggregate are not reasonably likely to have a material adverse effect on the Business following the Closing Date.