MMR Merger definition

MMR Merger means the merger of SFX Merger Company, a Wholly Owned Subsidiary of the Company, with and into MMR, pursuant to which MMR will become a Wholly Owned Subsidiary of the Company.

MMR Merger means the merger, consummated in November 1996, of a wholly-owned subsidiary of SFX with and into MMR, as a result of which MMR became a wholly-owned subsidiary of SFX. As such, historical operating results for MMR have been added to SFX, as reported amounts from January 1, 1996 through November 22, 1996.

MMR Merger shall have the meaning set forth in the preamble.

Examples of MMR Merger in a sentence

• To record incremental corporate overhead charges of $1,253,000 associated with the MMR Merger for the year ended December 31, 1996, and to eliminate MMR's existing corporate overhead of $2,517,000 for the year ended December 31, 1996.

• Reflects $26,000 for the year ended December 31, 1996 in amortization of intangible assets recorded in connection with the MMR Merger, Myrtle Beach Acquisition, MMR Hartford Acquisition, related incremental deferred taxes and change in amortization periods.

• The term "MMR Merger" means the merger of SFX Merger Company, a wholly-owned Subsidiary of the Corporation, with and into MMR, pursuant to which MMR will become a wholly-owned Subsidiary of the Corporation.

• The shares of Series A and Series B stock were issued to certain officers and advisors of MMR in July and November 1996, respectively, and converted into Class A Common Stock of SFX upon consummation of the MMR Merger.

• Amortization of $65,000 and $87,000 for acquisition costs associated with the MMR Merger for the nine months ended September 30, 1996 and the year ended December 31, 1995, respectively.

• To reflect the MMR Merger, based on the stock price of the Company's Class A Common Stock of $34 per share.

• To record incremental corporate overhead charges of $939,000 and $1,253,000 associated with the MMR Merger for the nine months ended September 30, 1996 and the year ended December 31, 1995, respectively, and to eliminate MMR's existing corporate overhead of $1,844,000 and $1,666,000 for the nine months ended September 30, 1996 and the year ended December 31, 1995, respectively.

• The term "Existing MMR Indebtedness" shall mean all Indebtedness of MMR and its Subsidiaries in existence at the closing of the MMR Merger, until such amounts are repaid.

• Each of the Company and, to the knowledge of the Company, MMR has in all material respects performed all obligations and complied with all covenants required by the MMR Merger Agreement to be performed or complied with by it as of the date hereof.

• Commencing on the earlier of (i) the consummation of the MMR Merger or (ii) December 31, 1996, the Corporation shall use its best efforts to secure all necessary consents and approvals, if any, and make all necessary filings (including, without limitation, consents and approvals of and filings with the FCC) and take all other commercially reasonable steps to permit conversion of the Series D Preferred Stock in accordance with the terms in this Section 4.

More Definitions of MMR Merger

MMR Merger means the acquisition of all the shares of capital stock of Multi-Market Radio, Inc. ("MMR"), including the payoff of certain outstanding Debt of MMR in connection therewith.

MMR Merger means the merger of a wholly owned Subsidiary of the Company with and into MMR pursuant to the MMR Merger Agreement.

MMR Merger. MMR Stations" "MMR Warrants"

MMR Merger means the merger, consummated in November 1996, of a wholly-owned subsidiary of the Company with and into MMR, as a result of which MMR became a wholly-owned subsidiary of the Company.