LMA Agreement definition

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

LMA Agreement means a local marketing arrangement, sale agreement, time brokerage agreement, management agreement or similar arrangement pursuant to which a person, subject to customary preemption rights and other limitations, (a) obtains the right to sell at least a majority of the advertising inventory of a radio station of which another person is a licensee, (b) obtains the right to exhibit programming and sell advertising time during a majority of the air time of a Station or (c) manages the selling operations of a Station with respect to at least a majority of the advertising inventory of such Station.

Examples of LMA Agreement in a sentence

Notwithstanding that this definition will require amendment on a case-by-case basis, the definition is suitable for use in an LMA Agreement which is governed by Irish law or in relation to an Irish obligor.
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 definition is suitable for use in an LMA Agreement which is governed by Irish law or in relation to an Irish obligor.
The definition is suitable for use in an LMA Agreement which is governed by Irish law.
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.
In addition, neither the Company nor any subsidiary is in material breach of any Network Agreement, Sports Agreement or LMA Agreement (including any breach which would give rise to a right to terminate any such agreement).
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.
The Borrower agrees to promptly deliver to the Administrative Agent a copy of each LMA Agreement entered into by a Borrower or a Restricted Subsidiary on or after the Initial Effective Date.
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.
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.

More Definitions of LMA Agreement

LMA Agreement means any agreement pursuant to which the Borrower or any Subsidiary operates an LMA Television Station.

LMA Agreement means any time brokerage, local marketing or similar agreement pursuant to which a Person acquires the right to program substantially all of the time and to sell all of the advertising spots of a Radio Station owned by another non-affiliated Person in exchange for cash payments.

LMA Agreement means any agreement pursuant to which a Person unaffiliated with Borrower or any of its Subsidiaries acquires the right to program substantially all of the time and/or to sell the advertising spots of a Station or to otherwise provide services substantially related to the programming, staffing or financial operations of a Station in exchange for cash consideration or other consideration, entered into, directly or indirectly, between the Borrower or any of its Subsidiaries, on the one hand, and any Person other than the Parent, the Borrower or any of its Subsidiaries or their respective Affiliates, on the other hand.

LMA Agreement means the Local Marketing Arrangement dated as of the ------------- date hereof between Box LLC and VJN LPTV.

LMA Agreement has the meaning specified in Section 1.

LMA Agreement means any time brokerage agreement, local marketing agreement, joint sales agreement, joint operating agreement or joint operating venture for the operation of a radio station or related or similar agreements entered into, directly or indirectly, between the Administrative Borrower or any of its Restricted Subsidiaries and any other Person other than the Administrative Borrower or any of its Restricted Subsidiaries. “Loan” shall mean each Revolving Loan. “Loan Account” shall have the meaning provided in Section 2.13. “Margin Stock” shall have the meaning provided in Regulation U. “Material Adverse Effect” shall mean (a) a material adverse effect on the business, operations, property, assets, liabilities or financial condition of the Administrative Borrower and its Restricted Subsidiaries taken as a whole or (b) a material adverse effect (i) on the material rights or remedies of the Lenders, the Administrative Agent or the Collateral Agent hereunder or under the Credit Documents or (ii) on the ability of the Credit Parties, taken as a whole, to perform their payment obligations to the Lenders, the Administrative Agent or the Collateral Agent hereunder or under any other Credit Document. “Material Assets” shall mean all property and assets, including intellectual property and FCC Licenses, that are material to the business of the Company and its Subsidiaries, taken as a whole. “Material Indebtedness” shall mean any Indebtedness (other than the Indebtedness under the Credit Documents) of the Administrative Borrower or any of its Restricted Subsidiaries in an aggregate principal amount greater than or equal to $5,000,000. “Maturity Date” shall mean the earlier to occur of (a) December 18, 2030 and, (b) the date that is ninety-one (91) days prior to the maturity or expiration date applicable to any Material 34 US-DOCS\165738679.