Station Operations. With respect to the operation of the Stations, Licensee shall notify Broker prior to: (i) making any changes in management personnel; (ii) entering into any material contractual obligations in excess of $10,000 individually or $50,000 in the aggregate; (iii) purchasing equipment with value in excess of $25,000; or (iv) making any other material changes in the operation of the Stations.
Appears in 1 contract
Sources: Time Brokerage Agreement (Spanish Broadcasting System Finance Corp)
Station Operations. With respect to the operation of the Stations, Licensee Licensees shall notify Broker prior to: (i) making any changes in management personnel; (ii) entering into any material contractual obligations in excess of $10,000 individually or $50,000 in the aggregate; (iii) purchasing equipment with value in excess of $25,000; or (iv) making any other material changes in the operation of the Stations.
Appears in 1 contract
Sources: Time Brokerage Agreement (Spanish Broadcasting System Finance Corp)