Common use of OPERATION GENERALLY Clause in Contracts

OPERATION GENERALLY. After the Spin-Off and until the Closing, ▇▇▇▇▇▇▇▇ will (a) with respect to Station Assets, keep books of account, records, and files substantially in accordance with the practices of ▇▇▇▇▇▇▇▇ Holdings and its Subsidiaries with respect to such assets of such type prior to the Spin-Off, (b) promptly execute and timely file any applications reasonably required for renewal of the FCC Authorizations, (c) timely file (taking into account any extensions of which ▇▇▇▇▇▇▇▇ may avail itself) true, correct and complete federal, state, local and foreign tax returns and tax reports required to be filed by ▇▇▇▇▇▇▇▇, (d) fully pay all federal, state, local and foreign income, profits, franchise, sales, use, occupation, property, excise and other taxes (including interest and penalties) due and payable by ▇▇▇▇▇▇▇▇, (e) to the extent necessary to the conduct of its business: use reasonable efforts to (i) perform its obligations under all Station Contracts to which it is a party, (ii) preserve the Station Assets held by it, and (iii) maintain in full force and effect the FCC Authorizations, and (f) maintain property damage insurance in such amounts, and insuring against such risks, as ▇▇▇▇▇▇▇▇ may reasonably request.

OPERATION GENERALLY. After the Spin-Off and until the --------- --------- Closing, ▇▇▇▇▇▇▇▇ will (a) with respect to Station Assets, keep books of account, records, and files substantially in accordance with the practices of ▇▇▇▇▇▇▇▇ Holdings and its Subsidiaries with respect to such assets of such type prior to the Spin-Off, (b) promptly execute and timely file any applications reasonably required for renewal of the FCC Authorizations, (c) timely file (taking into account any extensions of which ▇▇▇▇▇▇▇▇ may avail itself) true, correct and complete federal, state, local and foreign tax returns and tax reports required to be filed by ▇▇▇▇▇▇▇▇, (d) fully pay all federal, state, local and foreign income, profits, franchise, sales, use, occupation, property, excise and other taxes (including interest and penalties) due and payable by ▇▇▇▇▇▇▇▇, (e) to the extent necessary to the conduct of its business: use reasonable efforts to (i) perform its obligations under all Station Contracts to which it is a party, (ii) preserve the Station Assets held by it, and (iii) maintain in full force and effect the FCC Authorizations, and (f) maintain property damage insurance in such amounts, and insuring against such risks, as ▇▇▇▇▇▇▇▇ may reasonably request.

OPERATION GENERALLY. After the Spin-Off and until the --------- --------- Closing, ▇▇▇▇▇▇▇▇ will (a) with respect to Station Assets, keep books of account, records, and files substantially in accordance with the practices of ▇▇▇▇▇▇▇▇ Holdings and its Subsidiaries with respect to such assets of such type prior to the Spin-Off, (b) promptly execute and timely file any applications reasonably required for renewal of the FCC Authorizations, (c) timely file (taking into account any extensions of which ▇▇▇▇▇▇▇▇ may avail itself) true, correct and complete federal, state, local and foreign tax returns and tax reports required to be filed by ▇▇▇▇▇▇▇▇, (d) fully pay all federal, state, local and foreign income, profits, franchise, sales, use, occupation, property, excise and other taxes (including interest and penalties) due and payable by ▇▇▇▇▇▇▇▇, (e) to the extent necessary to the conduct of its business: use reasonable efforts to (i) perform its obligations under all Station Contracts to which it is a party, (ii) preserve the Station Assets held by it, and (iii) maintain in full force and effect the FCC Authorizations, and (f) maintain property damage insurance in such amounts, and insuring against such risks, as ▇▇▇▇▇▇▇▇ Glencairn may reasonably request.