LMA Payment definition

LMA Payment means, in respect of periods during the term of the LMA, the payment to the Company monthly in arrears (without duplication of payments made by Emmis to YMF and YMF Licensee under the LMA): (a) until the period ending on the date hereof, the sum of One Million Two Hundred Seventy-Five Thousand Dollars ($1,275,000), and (b) thereafter, the sum of Seven Hundred Thirty-Nine Thousand Five Hundred Dollars ($739,500), each prorated for any partial month, with the first payment due on the 75th day after the LMA Commencement Date or the next business day if such day is not a business day, and succeeding monthly payments due on the same calendar day each month thereafter, provided, however, that all LMA payments due to YMF under this paragraph which would otherwise be due and payable after the Second Closing Date shall be accelerated and paid at the Second Closing, and to the extent applicable, netted as set forth in the Purchase Agreement.
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Examples of LMA Payment in a sentence

  • For the avoidance of doubt, the monthly payment to YMF in an amount equal to the LMA Payment shall be a guaranteed payment and not a distribution of profits and losses of the Company.

  • The LMA Payment shall be applied as follows: 70% of this amount will constitute payment for programs broadcast during the hours of 5:00 a.m. to 9:00 a.m. and 3:00 p.m. to 7:00 p.m. Monday through Friday; 25% of this amount will constitute payment for programs broadcast between 10:00 a.m. and 3:00 p.m. Monday through Friday and 7:00 a.m. to 7:00 p.m. Saturday and Sunday; and the remaining 5% for all other hours, with any credit to Broker to be determined on this basis.

  • Broker's failure to make the LMA Payments, provided that if Broker fails to make the LMA Payment more than three (3) times, Broker will no longer be entitled to the benefit of the cure provisions of Section 16.2 hereof and its failure to make a timely LMA Payment thereafter shall be considered an Event of Default.

  • The obligation of the Company to pay an amount equal to the LMA Payment to YMF shall continue, notwithstanding any Voluntary Sale until all LMA Payments under the LMA have been made.

  • Notwithstanding anything to the contrary herein, this Agreement may not be amended in a manner to reduce, alter or eliminate the rights or obligations of the parties with respect to the YMF Redemption, the amount of the YMF Redemption Price or the obligation to pay the LMA Payment to YMF as a guaranteed payment, without the written consent of YMF.

Related to LMA Payment

  • PAGA Payment means the penalties pursuant to PAGA that the Parties have agreed is a

  • Delta Payment means as it is described in this Agreement.

  • LWDA PAGA Payment means the 75% of the PAGA Penalties paid to the LWDA under Labor Code section 2699, subd. (i).

  • Upfront Payment has the meaning set forth in Section 8.1.

  • Interim Payment has the meaning specified in Section 10.1.