Assets whether now in effect or hereinafter adopted and regardless of
which party such Transfer Tax is imposed upon. Transfer Taxes will in no event
include any net or gross income taxes.
Transferring Party: Either (i) the Emmis Entities collectively in their
capacity as the transferors of the Emmis Assets under this Agreement, or
(ii) the Bonneville Entities collectively in their capacity as the transferors
of the Bonneville Assets under this Agreement.
1.2. Additional Defined Terms.
As used herein, the following terms have the meanings defined in the
introduction, recitals or section indicated below:
Acquisition Proposal
Section 5.14
Act
Section 3.6(b)
Adjustment Amount
Section 2.7(a)
6
Agreement
Preamble
Arbitrating Firm
Section 2.7(e)
AZPB Agreement
Section 2.2(m)
Bonneville Assumed Obligations
Section 2.4(c)
Bonneville Benefit Plan
Section 4.15(a)
Bonneville Boot Payment
Section 2.5(b)
Bonneville Cap
Section 9.2(b)
Bonneville Entities
Preamble
Bonneville Entities' Loss
Section 9.2(a)
Bonneville FCC Licenses
Section 4.6(a)
Bonneville Holding
Preamble
Bonneville Intellectual Property
Section 2.1(b)(iv)
Bonneville International
Preamble
Bonneville Leased Real Property
Section 4.9(b)
Bonneville Real Property Lease
Section 4.9(b)
Bonneville Station Agreements
Section 2.1(b)(iii)
Bonneville Threshold
Section 9.2(b)
CERCLA
Section 3.18(f)
Chicago TBA
Recitals
Chicago Transition Services Agreement
Section 5.23(b)
Closing
Section 8.1
Closing Date
Section 8.1
Collection Period
Section 2.8(a)
Commitments
Section 7.10(a)(ii)
Dispute Notice
Section 2.7(d)
Emmis
Section 5.15
Emmis Assumed Obligations
Section 2.3(v)
Emmis Benefit Plan
Section 3.15(a)
Emmis Cap
Section 9.3(b)
Emmis Entities
Preamble
Emmis Entities' Loss
Section 9.3(a)
Emmis FCC Licenses
Section 3.6(a)
Emmis Intellectual Property
Section 2.1(a)(v)
Emmis License
Preamble
Emmis Operating
Preamble
Emmis Leased Real Property
Section 3.9(d)
Emmis Owned Real Property
Section 3.9(d)
Emmis Real Property
Section 2.1(a)(ii)
Emmis Real Property Lease
Section 3.9(c)
Emmis Station Agreements
Section 2.1(a)(iv)
Emmis Stations
Recitals
Emmis Stations Statements
Section 3.11
Emmis Threshold
Section 9.3(b)
Excluded Assets
Section 2.2
FTC
Section 3.22
Final Proration Notice
Section 2.7(d)
7
HSR Act
Section 5.3
HSR Filings
Section 5.3
Indemnified Party
Section 9.4(a)
Indemnifying Party
Section 9.4(a)
John Hancock Sublicense Agreement
Section 5.24
KKLT
Recitals
KMVP
Recitals
KTAR
Recitals
KTAR Easements
Section 3.9(c)
KTAR Easement Agreements
Section 3.9(c)
Multiemployer Plan
Section 3.15(c)
Multi-Station Agreement
Section 5.18(a)
Noncompete Payment
Section 5.19(b)
Phoenix TBA
Recitals
Phoenix Transition Services Agreement
Section 5.23(a)
Preliminary Adjustment Report
Section 2.7(d)
Retained Receivables
Section 2.8(a)
South Mountain Sublicense Agreement
Section 5.21
Survival Period
Section 9.1
WLUP
Recitals
WLUP Auxiliary Antenna Option Agreement
Section 5.22
WLUP Statements
Section 4.11
ARTICLE II.
EXCHANGE OF ASSETS
2.1 Description of Exchange Assets.
(a) Emmis Assets. Upon and subject to the terms and conditions of this
Agreement and as set forth in Section 2.5, and except to the extent already
effected pursuant to the Phoenix TBA, the Emmis Entities will assign, transfer
and convey to the Bonneville Entities all of the Emmis Entities' right, title
and interest in, to and under the Emmis Assets, which will include any right,
title and interest in, to and under the following assets and properties of the
Emmis Entities:
(i) Tangible Personal Property. All transmitter equipment and
transmission lines, antennas and