Common use of Possession and Control Clause in Contracts

Possession and Control. Between the date hereof and the Closing Date, Buyer shall not directly or indirectly control, supervise or direct, or attempt to control, supervise or direct, the business and operations of the Station, and such operation, including complete control and supervision of all programming, shall be the sole responsibility of the owners of the Station. On and after the Closing Date, Seller shall have no control over, or right to intervene, supervise, direct or participate in, the business and operations of the Station.

Appears in 2 contracts

Sources: Asset Purchase Agreement, Asset Purchase Agreement (Gray Television Inc)

Possession and Control. Between the date hereof and the Closing Date, Buyer shall not directly or indirectly control, supervise or direct, or attempt to control, supervise or direct, the business and operations of the StationStations, and such operation, including complete control and supervision of all programming, shall be the sole responsibility of the owners of the StationStations, except as contemplated by the LMA Agreement after the Non-License Transfer. On and after the Closing Date, Seller Sellers shall have no control over, or right to intervene, supervise, direct or participate in, the business and operations of the StationStations.

Appears in 2 contracts

Sources: Asset Purchase Agreement (STC Broadcasting Inc), Asset Purchase Agreement (Sinclair Broadcast Group Inc)

Possession and Control. Between the date hereof and the Closing Date, Buyer shall not directly or indirectly control, supervise or direct, or attempt to control, supervise or direct, the business and operations of the StationStations, and such operation, including complete control and supervision of over all programming, finances and personnel, shall be the sole responsibility of the owners of the StationSellers. On and after the Closing Date, Seller Sellers shall have no control over, or right to intervene, supervise, direct or participate in, the business and operations of the StationStations.

Appears in 1 contract

Sources: Asset Purchase Agreement (Chancellor Broadcasting Licensee Co)

Possession and Control. Between the date hereof and the Closing DateDate (notwithstanding that the Preliminary Payment Date shall have occurred or any other provisions hereof), Buyer shall not directly or indirectly control, supervise or direct, or attempt to control, supervise or direct, the business and operations of the StationStations, and such operation, including complete control and supervision of all programming, shall be the sole responsibility of the owners of the StationSeller. On and after the Closing Date, Seller shall have no control over, or right to intervene, supervise, direct or participate in, the business and operations of the StationStations.

Appears in 1 contract

Sources: Asset Purchase Agreement (Sinclair Broadcast Group Inc)

Possession and Control. Between the date hereof and the Closing Date, Buyer shall not directly or indirectly control, supervise or direct, or attempt to control, supervise or direct, the business and operations of the Station, and such operation, including complete control and supervision of all programmingprograms, shall be the sole responsibility responsibilities of the owners of the StationSeller. On and after the Closing Date, Seller shall have no control over, or right to intervene, supervise, direct intervene or participate in, the business and operations of the Station.

Appears in 1 contract

Sources: Asset Purchase Agreement (United Television Inc)

Possession and Control. Between the date hereof and the Closing Date, Buyer shall not directly or indirectly control, supervise or direct, or attempt to control, supervise or direct, the business and operations of the Station, and such operation, including complete control and supervision of all programmingprograms, shall be the sole responsibility of the owners of the Station. On and after the Closing Date, Seller shall have no control over, or right to intervene, supervise, direct or participate in, the business and operations of the StationSeller.

Appears in 1 contract

Sources: Asset Purchase Agreement (United Television Inc)

Possession and Control. Between the date hereof and the Closing Date, Buyer shall not directly or indirectly control, supervise or direct, or attempt to control, supervise or direct, the business and operations of the StationStations, and such operation, including complete control and supervision of all programming, shall be the sole responsibility of the owners of the StationSellers. On and after the Closing Date, Seller Sellers shall have no control over, or right to intervene, supervise, direct or participate in, the business and operations of the StationStations.

Appears in 1 contract

Sources: Asset Purchase Agreement (STC Broadcasting Inc)

Possession and Control. Between the date hereof and the Closing Date, Buyer shall not directly or indirectly control, supervise or direct, or attempt to control, supervise or direct, the business and operations of the Station, and such operation, including complete control and supervision of all programming, shall be the sole responsibility of the owners of the StationSeller. On and after the Closing Date, Seller shall have no control over, or right to intervene, supervise, direct or participate in, the business and operations of the Station.

Appears in 1 contract

Sources: Asset Purchase Agreement (STC Broadcasting Inc)

Possession and Control. Between the date hereof and the Closing Date, Buyer shall not directly or indirectly control, supervise or direct, or attempt to control, supervise or direct, the business and operations of the Station, and such operation, including complete control and supervision of all programming, shall be the sole responsibility of the owners of the Station, except as contemplated by the Time Brokerage Agreement after the Non-License Transfer. On and after the Closing Date, Seller Sellers shall have no control over, or right to intervene, supervise, direct or participate in, the business and operations of the StationStations.

Appears in 1 contract

Sources: Asset Purchase Agreement (STC Broadcasting Inc)

Possession and Control. Between the date hereof and the Closing DateDate (notwithstanding that a Payment Date shall have occurred or any other provisions hereof), Buyer shall not directly or indirectly control, supervise or direct, or attempt to control, supervise or direct, the business and operations of the StationStations, and such operation, including complete control and supervision of all programming, shall be the sole responsibility of the owners of the StationSellers. On and after the Closing Date, Seller Sellers shall have no control over, or right to intervene, supervise, direct or participate in, the business and operations of the StationStations.

Appears in 1 contract

Sources: Asset Purchase Agreement (Sinclair Broadcast Group Inc)