Material Operating Agreement definition

Material Operating Agreement means any programming agreement, time brokerage, Local Marketing Agreement or similar agreement, franchise agreement, lease or other agreement relating to the operation of a Station by the Parent, the Borrower or any of their Subsidiaries, in each case set forth above, the termination or adverse modification of which could reasonably be expected to have a Material Adverse Effect.
Sample 1Sample 2Sample 3
Material Operating Agreement means each operating agreement to which any Credit Party is a party that is material to the business, operations, Property or financial condition of such Credit Party.
Sample 1Sample 2Sample 3
Material Operating Agreement means the Operating Agreements listed on Schedule 5.17 hereto and any additional Operating Agreements entered into after the date hereof which either (a) have non-cancelable terms of longer than ninety (90) days and are not terminable at any time without cause by Loan Parties without any penalty or other fee (other than payment of amounts then due and owing) or (b) require payments by Loan Parties in excess of $1,000,000 per calendar year.
Sample 1Sample 2

Examples of Material Operating Agreement in a sentence

  • Within ten (10) days after execution of any Material Operating Agreement or any amendment, modification, restatement, extension, renewal or supplement of any Material Operating Agreement or termination of any Material Operating Agreement, the Borrower shall deliver to the Agent a complete copy of such Material Operating Agreement, amendments, modifications, restatements, extensions, renewals or supplements.

  • Promptly following the occurrence thereof, notification of any material changes in any Material Operating Agreement to the extent same has or would reasonably be likely to have a Material Adverse Effect.

  • No default or failure of performance in any material respect by Borrower exists under any Asset Management Agreement, any Material Operating Agreement, any Property Document or Permitted Encumbrance, and, to Borrower’s Knowledge, each of said documents is in full force and effect.

  • No Material Operating Agreement, Property Document or Permitted Encumbrance contains any option to purchase or right of first refusal to purchase any of the Mortgaged Properties or any part thereof except as expressly set forth in the Wachovia Leases.

  • The Borrower shall not pledge, transfer, assign any Material Operating Agreement except to the Agent as provided herein or in the Loan Documents.

  • The Borrower shall use commercially reasonable efforts to enforce or secure the performance of each and every obligation, term, covenant, condition, and agreement to be performed by any party under the terms of the applicable Material Operating Agreement, except where the failure would not reasonably be expected to have a Material Adverse Effect or would result in a material default thereunder.

  • To Borrower’s Knowledge, there are no offsets, claims or defenses to the enforcement by Borrower of the Asset Management Agreement, if any, the Property Documents, any Material Operating Agreement or Permitted Encumbrance presently outstanding and Borrower has not received a notice of default under the Asset Management Agreement, the Property Documents, any Material Operating Agreement or any Permitted Encumbrance.

  • Whenever this Agreement requires the Required Lenders to consent to an action or proposed action to be taken by the Borrower relating solely to a Material Operating Agreement, unless this Agreement expressly provides otherwise, such consent (i) shall not be unreasonably withheld or delayed and (ii) shall be deemed to have been given by the Required Lenders if the Required Lenders have not responded to the request for consent within 30 days of receipt thereof.

  • Promptly following the occurrence thereof, notification of any material changes in any Material Operating Agreement.

  • No default or failure of performance in any material respect by Loan Parties exists under the Management Agreement, any Material Operating Agreement in effect as of the Closing Date, the Premises Documents or any Permitted Encumbrance, and each of said documents is in full force and effect.


More Definitions of Material Operating Agreement

Material Operating Agreement means the Operating Agreements listed on Schedule 6.18 hereto and any additional Operating Agreements entered into by Borrower after the Closing Date that (a) have non-cancelable terms of ninety (90) days or longer or are not terminable at any time without cause by Borrower upon no more than ninety (90) days notice without any penalty or other fee and (b) either (i) require payments by Borrower in excess of $1,000,000 per calendar year, or (ii) are “blanket” agreements affecting Properties containing twenty-five percent (25%) or more of the aggregate net rentable square feet of the Properties.
Sample 1Sample 2
Material Operating Agreement means each Operating Agreement (i) providing for aggregate payments in excess of Ten Thousand and 00/100 Dollars ($10,000.00) per year, or (ii) which has an unexpired term of greater than one (1) year and is not terminable on thirty (30) days’ notice or less without the payment of any termination fee, premium or penalty.
Sample 1Sample 2
Material Operating Agreement means any Operating Agreements entered into after the date hereof which either (a) have non-cancelable terms of longer than one (1) year or (b) require payments by Borrower or Property Owner in excess of $250,000 per calendar year.
Sample 1
Material Operating Agreement means the Operating Agreements existing on the date hereof or entered into after the date hereof which (a) have non-cancelable terms of one (1) year or longer and are not terminable at any time without cause by Borrower or Operating Lessee without any material penalty or other fee and (b) require payments by Borrower, Operating Lessee or Property Manager in excess of $100,000 per calendar year.
Sample 1
Material Operating Agreement shall have the meaning assigned thereto in Section 3.2(a).
Sample 1
Material Operating Agreement means the Operating Agreements listed on Schedule 4.17 hereto and any Operating Agreement entered into after the date hereof which requires payments by Borrower in excess of three percent (3%) of Operating Revenues per each year of the term thereof (provided that for Operating Agreements exceeding one (1) year, the payments thereof for any year shall be on an averaged per year basis, e.g., a three-year agreement costing $1,500,000 shall be deemed to have a per year cost of $500,000).
Sample 1

Related to Material Operating Agreement

  • Network Operating Agreement means an executed agreement that contains the terms and conditions under which the Network Customer shall operate its facilities and the technical and operational matters associated with the implementation of Network Integration Transmission Service under Tariff, Part III. Network Operating Committee:

  • PJM Operating Agreement means the Amended and Restated Operating Agreement of PJM or the successor, superseding or amended versions of the Amended and Restated Operating Agreement that may take effect from time to time.

  • Co-operation Agreement means the agreement between the Exchange and Oslo Børs with regards to the access to the Linked Order Book;

  • Operating Agreement means the agreement, whether or not referred to as an operating agreement and whether oral, in a record, implied, or in any combination thereof, of all the members of a limited liability company, including a sole member, concerning the matters described in section 489.110, subsection 1. The term includes the agreement as amended or restated.

  • Company Operating Agreement means the Restated Operating Agreement of the Company dated August__, 2019, as amended from time to time.

  • Initial Operation means the first integral operation of the complete equipment covered under the Contract with the sub-system and supporting equipment in service or available for service.

  • Operating Partnership Agreement means the Fifth Amended and Restated Agreement of Limited Partnership of the Operating Partnership, as it may be amended, supplemented or restated from time to time.

  • Property Management Agreement means any Property Management Agreement between the Company and the Property Manager.

  • co-operative means a co-operative registered in terms of section 7 of Cooperatives Act, 2005 (Act No. 14 of 2005)

  • Material Agreement means any material contract, commitment, agreement (written or oral), instrument, lease or other document, license agreement and agreements relating to intellectual property, to which the Corporation or any Subsidiary are a party or to which any of their property or assets are otherwise bound;

  • Group Member Agreement means the partnership agreement of any Group Member, other than the Partnership, that is a limited or general partnership, the limited liability company agreement of any Group Member that is a limited liability company, the certificate of incorporation and bylaws or similar organizational documents of any Group Member that is a corporation, the joint venture agreement or similar governing document of any Group Member that is a joint venture and the governing or organizational or similar documents of any other Group Member that is a Person other than a limited or general partnership, limited liability company, corporation or joint venture, as such may be amended, supplemented or restated from time to time.

  • Joint Operating Agreement (JOA) means the operating and participating agreement between the Parties constituting the Contractor that governs their operational activities, obligations and responsibilities under this Contract,

  • Asset Management Agreement means, as the context requires, any agreement entered into between a Series and an Asset Manager pursuant to which such Asset Manager is appointed as manager of the relevant Series Assets, as amended from time to time.

  • leasing agreement means an agreement by which one person (the lessor) grants a right to possession or control of an object (with or without an option to purchase) to another person (the lessee) in return for a rental or other payment;

  • Cross-Over Situation For any Distribution Date and for each Loan Group (after taking into account principal distributions on such Distribution Date) with respect to the Class A and Class B Lower Tier REMIC Interests, a situation in which the Class A and Class B Interests corresponding to any Loan Group are in the aggregate less than 1% of the Subordinated Portion of the Loan Group to which they correspond.

  • Operating Company has the meaning set forth in the preamble.

  • Material Project Documents means, collectively, the Power Purchase Agreement, the EPC Contract, the Transmission Facilities Construction Agreement, the O&M Agreement, the Coal Supply Agreements, the Coal Transportation Agreement and all other instruments, agreements or other documents arising from or related to the Project, but shall not include any Financing Agreement.

  • Material Objection Notice has the meaning set forth in Section 4.2 of this Agreement.

  • Construction Management Agreement means the Construction Management Agreement, dated as of the date of the Common Agreement, between Construction Manager and the Project Company.

  • Material Obligation means the material obligations of a party under the Technology Agreement, the Development Agreement or the Manufacturing and Marketing Agreement.

  • Marketing Agreement means an agreement entered into, with the director, by producers, distributors, processors, or handlers pursuant to this act and binding only on those signing the agreement.

  • Commercial Operator means the person appointed by MDL as commercial operator of the Maui Pipeline from time to time.

  • Commercial Operation means the condition of operation in which the complete equipment covered under the Contract is officially declared by the Owner to be available for continuous operation at different loads up to and including rated capacity. Such declaration by the Owner, however, shall not relieve or prejudice the Contractor of any of his obligations under the Contract.

  • Cooperation Agreement means that certain Mortgage Loan Cooperation Agreement, dated as of the Closing Date, among Borrower, Lender and Sponsor, as the same may from time to time be amended, restated, replaced, supplemented or otherwise modified in accordance herewith.

  • Hotel Management Agreement means any hotel management agreement relating to the management and operation of the Real Property together with all supplements, amendments and modifications thereto.

  • Project Start Date means the first Milestone Start Date specified in Schedule B;