Common use of No Material Adverse Development Clause in Contracts

No Material Adverse Development. No material adverse development shall have occurred with respect to the Stations that results in a significant impairment to the ability of the Stations to operate as they are currently operated or represents a substantial impairment of the aggregate value of the Stations or Assets being conveyed, provided, however, a decline in economic conditions generally shall not constitute a substantial impairment of the aggregate value of the Stations or Assets being conveyed.

No Material Adverse Development. No material adverse development shall have occurred with respect to the Stations that results in a significant impairment to the ability of the Stations to operate as they are currently operated or represents a substantial impairment of the aggregate value of the Stations or Assets being conveyed, provided, however, a decline in economic conditions generally shall not constitute a substantial impairment of the aggregate value of the Stations or Assets being conveyed.

No Material Adverse Development. No material adverse development shall have occurred with respect to the Stations Stations, the Assets, the Centennial Entities or the Equity Interests that results in a significant impairment to the ability of the Stations to operate as they are currently operated or represents a substantial impairment of the aggregate value of the Stations Stations, the Assets, the Centennial Entities or Assets being conveyed, provided, however, a decline in economic conditions generally shall not constitute a substantial impairment of the aggregate value of the Stations or Assets being conveyedEquity Interests.