Common use of Management Practices Clause in Contracts

Management Practices. Since March 1, 2016, with respect to the Station, Seller has not (a) conducted cash management customs and practices (including the timing of collection of receivables and payment of payables and other current liabilities) and maintained books and records other than in the ordinary course of business consistent with past custom and practice in all material respects, (b) made any material change in the material methods of operations of the business of the Station, including the material practices and policies relating to purchasing, marketing, selling and pricing, (c) entered into a transaction with respect to the Station incurring any liability or obligation that is material to the business or operation of the Station except in the ordinary course of business, or (d) sold, assigned, transferred, abandoned or permitted to lapse any licenses or permits which, individually or in the aggregate, are material to the Station’s business or operations.