Examples of LBI Media in a sentence
Statements made during this conference call that address results or developments that will occur or may occur at LBI Media in the future are forward-looking statements.
As a result of such merger, LBI Media, Inc., the sole shareholder of the Original Member, shall have its interests in the Original Member converted into membership interests in the Company and shall become the sole Member of the Company (the “Replacement Member”).
LBI Media and Buyer shall each have performed and complied in all material respects with the covenants, agreements and conditions required by this Agreement to be performed or complied with by it prior to and at the Closing Date.
Each of LBI Media, LBI and LBI Sub is a California corporation, duly organized, validly existing and in good standing under the laws of the State of California.
All representations and warranties of LBI Media and Buyer contained in this Agreement shall be true and correct in all material respects at and as of the Closing Date as if made on the Closing Date, except as specifically contemplated by this Agreement.
The Parties agree that a remedy at law is inadequate and that damages are not adequate to compensate LBI Media and Buyer.
It is understood and agreed that LBI Media and Buyer do not assume and will not be obligated to pay any liability of Seller under the terms of this Agreement or otherwise and will not be obligated to perform any obligations of Seller of any kind or manner, except in connection with the Assumed Contracts and with respect thereto only to the extent such obligations arise subsequent to the consummation of the transaction contemplated hereby on the Closing Date.
If transmission in accordance with the FCC Licenses has not been resumed so that the Closing Date does not occur within such extended period, or any agreed extension thereof, Buyer will have the right, by giving written notice to Seller within five business days after the expiration of such 120-day period, or any agreed extension thereof, to terminate this Agreement forthwith without any further obligation, in which case the Escrow Deposit will be delivered to LBI Media.
There are no suits, legal proceedings or investigations of any nature pending or, to the knowledge of LBI Media or Buyer, threatened against or affecting it that would affect the ability of LBI Media or Buyer to carry out the transaction contemplated by this Agreement.
In the event that Employee: (a) executes this Agreement; (b) is not in breach or default of this Agreement or the surviving terms of the Employment Agreement (as defined herein); (c) has performed all obligations under this Agreement; and (d) has not revoked this Agreement, LBI Media agrees to pay Employee severance in the lump sum amount of $62,499 less standard withholdings and authorized deductions.