Common Contracts
1 similar Local Marketing Agreement contracts
ContractLocal Marketing Agreement • April 27th, 2009
negotiation and the right of first refusal to match a competing offer. However, after the first anniversary of the effective date, if we do not agree to match the terms of the competing offer within the ten (10) business day period or fail to notify South Broadcasting of our intent to match the competing offer, then South Broadcasting has the right to accept such offer, provided South Broadcasting pays us the early termination fee equal to the lesser of 5% of the aggregate purchase price of the LMA Station or $1.0 million. The local marketing agreement terminated on its terms on December 31, 2008, which we continue to operate on a month to month basis. The Company is evaluating the renewal of the agreement.
