FLORIDA LOCAL MARKETING AGREEMENT Sample Clauses

FLORIDA LOCAL MARKETING AGREEMENT. On or before August 1, 1996, the parties shall enter into a Florida Local Marketing Agreement (the "Florida Stations LMA") substantially in the form of the LMA appended hereto as Exhibit 7.2. To the extent that Omni is required to be a party to the Florida Stations LMA to effectuate its purposes, Chancellor shall use its commercially reasonable efforts to obtain Omni's execution and performance of the Florida Stations LMA and to assign or provide on terms reasonably satisfactory to ARS, as soon as practicable after the execution of the Agreement, but no sooner than August 1, 1996, the rights of Chancellor under the Local Marketing Agreement, if executed, currently being negotiated by Chancellor and Omni with respect to the Florida Stations. ARS shall not have any claim or right, including, without limitation, any right to terminate this Agreement or any claim for damages, to the extent that ARS's operation of the Florida Stations under or in accordance with the Florida Stations LMA (i) causes any representation or warranty of Chancellor to be rendered inaccurate or (ii) conflicts with any covenant to be complied with by Chancellor on or prior to the Closing Date.
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