Common use of Engineering Study Clause in Contracts

Engineering Study. (a) Buyer may, at its option and expense, retain an engineering firm or other broadcast engineer to conduct proof of performance studies of the Station and to prepare a report on the Station's compliance with customary engineering practices and all applicable FCC rules, regulations, prescribed practices, and technical standards. If either study discloses any material deficiencies in the operations or equipment of the Station (each, a "Technical Deficiency"), Buyer shall so notify Sellers as soon as practicable. (b) If Buyer notifies Sellers pursuant to Section 6.11(a) of any Technical Deficiency, as indicated in either engineering study described in Section 6.11(a), within thirty (30) days after the date of this Agreement, then Sellers may, by notice delivered to Buyer within seven (7) days after Sellers' receipt of such notice from Buyer, agree to remedy such Technical Deficiency prior to the Closing Date. If Sellers do not agree pursuant to this Section 6.11(b) prior to the end of such seven-day period to remedy any Technical Deficiency prior to the Closing Date, then Buyer may terminate this Agreement pursuant to section 9.2(c).

Appears in 1 contract

Sources: Asset Purchase Agreement (Valuevision International Inc)

Engineering Study. (a) Buyer may, at its option and expense, retain an engineering firm or other broadcast engineer to conduct proof of performance studies of the Station Stations and to prepare a report on the each Station's compliance with customary engineering practices and all applicable FCC rules, regulations, prescribed practices, and technical standards. If either study discloses any material deficiencies in the operations or equipment of the either Station (each, a an "Technical Deficiency"), Buyer shall so notify Sellers as soon as practicable. (b) If Buyer notifies Sellers pursuant to Section 6.11(a) of any Technical Deficiency, as indicated in either engineering study described in Section 6.11(a), within thirty (30) days after the date of this Agreement, then Sellers may, by notice delivered to Buyer within seven (7) days after Sellers' receipt of such notice from Buyer, agree to remedy such Technical Deficiency prior to the Closing Date. If Sellers do not agree pursuant to this Section 6.11(b) prior to the end of such seven-day period to remedy any Technical Deficiency prior to the Closing Date, then Buyer may terminate this Agreement pursuant to section Section 9.2(c).

Appears in 1 contract

Sources: Asset Purchase Agreement (Paxson Communications Corp)

Engineering Study. (a) Buyer may, at its option and arid expense, retain an engineering firm or other broadcast engineer to conduct proof of performance studies of the Station and to prepare a report on the Station's compliance with customary engineering practices and all applicable FCC rules, regulations, prescribed practices, and technical standards. If either study discloses any material deficiencies in the operations or equipment of the Station (each, a "Technical Deficiency"), Buyer shall so notify Sellers as soon as practicable. (b) If Buyer notifies Sellers pursuant to Section 6.11(a) of any Technical Deficiency, as indicated in either engineering study described in Section 6.11(a), within thirty (30) days after the date of this Agreement, then Sellers may, by notice delivered to Buyer within seven (7) days after after-Sellers' receipt of such notice from Buyer, agree to remedy such Technical Deficiency prior to the Closing Date. If Sellers do not agree pursuant to this Section 6.11(b) prior to the end of such seven-day period to remedy any Technical Deficiency prior to the Closing Date, then Buyer may terminate this Agreement pursuant to section 9.2(c).

Appears in 1 contract

Sources: Asset Purchase Agreement (Paxson Communications Corp)