Permitted LMA definition

Permitted LMA means (a) an LMA entered into in connection with, and in anticipation of, a Permitted Acquisition or a Permitted Joint Venture Acquisition; provided, however, that (i) no Default or Event of Default shall be continuing or shall result from entering into such LMA, and (ii) the aggregate amount payable by Borrower or its Subsidiaries under such LMA, when aggregated with all other payments by Borrower or its Subsidiaries under all LMAs, does not exceed $500,000 in any fiscal year; and (b) a Permitted Disposition LMA.
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Permitted LMA means an LMA entered into by Company or a Special Purpose Subsidiary with an unaffiliated Person with respect to a television broadcast station (i) which, immediately prior to the time the LMA is entered into, is not owned or operated by Company or any of its Affiliates and (ii) which is located in a market in which Company owns and operates a Station or Stations as of the date hereof.
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Examples of Permitted LMA in a sentence

  • Without limiting Borrower’s obligation to comply with this representation and warranty or any other term of this Agreement, Borrower may update Schedule 5.23 from time to time for the sole purposes of adding a Permitted LMA to such Schedule and disclosing that a non-Obligor party to a LMA is not in compliance with such LMA and upon such disclosure, Borrower shall not be in violation of this Section due to such non-compliance.

  • The foregoing notwithstanding, the covenants set forth in this Section 7.22 shall also be adjusted following the consummation of any other Permitted Acquisition, Permitted Joint Venture Acquisition or Permitted LMA and as otherwise mutually agreed upon by Agent and Borrower.

  • In addition, the Companies are in compliance with all requirements set forth in the definition of "Permitted LMA" and/or "Permitted JSA" and applicable to each LMA and/or JSA to which any Company is a party.

  • In addition, the Companies are in compliance with all requirements set forth in the definition of "Permitted LMA" and applicable to each LMA to which any Company is a party.

  • Neither the Borrower nor any of its Subsidiaries will enter into any LMA or incur any LMA Obligations (except for LMA's pursuant to Permitted LMA Agreements and except for any other LMA's involving aggregate consideration, other payments or the incurrence or assumption of liabilities not to exceed $25,000,000 at any time) without, in either case, the prior written approval of the Required Lenders (which approval shall not be unreasonably withheld).

  • Neither the Borrower nor any of its Subsidiaries will enter into any LMA or incur any LMA Obligations (except for LMAs pursuant to Permitted LMA Agreements and except for any other LMAs involving aggregate consideration, other payments or the incurrence or assumption of liabilities not to exceed $25,000,000 at any time) without, in either case, the prior written approval of the Required Lenders (which approval shall not be unreasonably withheld).

  • Without limiting Borrower's obligation to comply with this representation and warranty or any other term of this Agreement, Borrower may update Schedule 5.23 from time to time for the sole purposes of adding a Permitted LMA to such Schedule and disclosing that a non-Obligor party to a LMA is not in compliance with such LMA and upon such disclosure, Borrower shall not be in violation of this Section due to such non-compliance.