Common use of Sole Purpose Clause in Contracts

Sole Purpose. The parties acknowledge and agree that (a) for the period prior to the Closing, Tribune is a party to this Agreement with respect to Section 2.01, Section 2.07, Section 7.04, Section 9.03, Section 10.01, Section 10.03(f), Article VIII, Article XI and Article XIII only and for the sole and exclusive purpose of (i) transferring the Purchased Assets at Closing and making certain closing deliveries as provided herein and (ii) receiving the Purchase Price at the Closing and (b) neither Buyer nor any Affiliate of Buyer shall have any liabilities or obligations to Tribune under, or pursuant to, the terms of this Agreement; provided, that nothing in this Section 13.14 shall amend, modify or otherwise change any liabilities or obligations (x) of ▇▇▇▇▇▇▇▇ under this Agreement with respect to Tribune or Tribune’s Affiliates (including with respect to any representations, warranties or covenants) or (y) of Tribune for the period on or following the Closing.

Appears in 2 contracts

Sources: Asset Purchase Agreement (Tribune Media Co), Asset Purchase Agreement (Sinclair Broadcast Group Inc)