Examples of LMA Agreement in a sentence
Any license, permit, consent, franchise, order, approval or authorization from, or any filing, recording or registration with, any Governmental Authority (including without limitation the FCC) necessary to the conduct of any business of the Borrower or any of its Subsidiaries or for the ownership, maintenance and operation by such Person of its Stations and other properties or to the performance by such Person of its obligations under any LMA Agreement.
The accounts receivable of the Stations in existence as of the date of this Agreement shall be collected pursuant to the terms and conditions of the LMA Agreement.
Concurrent with the execution of this Agreement, the Seller and Buyer shall execute the Local Marketing Agreement (the "LMA Agreement") which includes the terms and conditions pursuant to which Broadcasting will purchase the airtime on the Stations.
Between the date hereof and the Closing Date, Buyer shall not directly or indirectly control, supervise or direct, or attempt to control, supervise or direct, the business and operations of the Stations, and such operation, including complete control and supervision of all programming, shall be the sole responsibility of the owners of the Stations, except as contemplated by the LMA Agreement after the Non-License Transfer.
Any license, permit, consent, franchise, order, approval or authorization from, or any filing, recording or registration with, any Governmental Authority (including without limitation the FCC) necessary to the conduct of any business of the Issuer or any of its Subsidiaries or for the ownership, maintenance and operation by such Person of its Stations and other properties or to the performance by such Person of its obligations under any LMA Agreement.
Subject to and consistent with the LMA Agreement, operation of the Station and the income and expenses attributable thereto up through the close of business on the day before the Closing Date shall be for the account of the Seller and thereafter for the account of the Buyers.
During the period commencing on the date of this Agreement and terminating as to each Station on the earlier of (x) the transfer of the applicable FCC licenses and assets with respect to such Station to Box LLC or (y) the termination of the LMA Agreement with respect to such Station, Box LLC shall reimburse VJN LPTV or Box, as applicable, for its reasonable expenses incurred in the ordinary course of business in operating such Station.
Subject to and consistent with the LMA Agreement, at the Closing, the Seller will turn over to the Buyers, for collection only, the accounts receivable of the Station owing to the Seller as of the close of business on the Closing Date.
If a Fixed Rate Advance or Term Advance is repaid prior to the conclusion of its Fixed Rate Period or Term Period, whether voluntarily, as a prepayment, or involuntarily as the result of Bank’s exercise of its rights and remedies under this Agreement, Borrower will pay Bank a breakage fee (described above) together with any other fees as stated in the then current Fee Schedule to LMA Agreement (“Fee Schedule”) at the time of such repayment.
Moreover, the termination of the LMA Agreement by either Cumulus or GBBC shall not be a basis for GBBC or Cumulus to terminate or refuse to fully and timely perform under this Agreement.