RMLC definition
Examples of RMLC in a sentence
ASCAP and the RMLC will promptly confirm to LICENSEE receipt of the form required by this Paragraph.
RMLC may further assess LICENSEE for the full amount of out-of-pocket costs incurred in connection with collecting any such amounts, if RMLC prevails in such collection.
Neither the Parties nor the Arbitrator may publicly disclose the existence, content or results of any arbitration hereunder without the prior consent of both Parties; provided, however, that LICENSEE may disclose the existence, content and/or results of any arbitration pursuant to this Section 4.E to the RMLC and its counsel, and the results of any such arbitration may be disclosed in any subsequent mediation or arbitration to which SESAC and RMLC or LICENSEE are parties.
The Administrative Fees shall be payable within thirty (30) days of receipt by LICENSEE of an invoice from RMLC.
In order to offset costs incurred, or to be incurred, by RMLC in connection with the administration of the 2019-2022 License Agreement and RMLC’s ongoing representation of commercial radio stations in regard to music performance licenses, RMLC shall be entitled to invoice and collect from the Licensees administrative fees assessed for each of the Licensee’s Represented Stations for each year of the Term (“the Administrative Fees”).
All of the issued shares of capital stock of RMLC have been duly and validly authorized and issued, are fully paid and non-assessable and are owned directly or indirectly by the Company, free and clear of all liens, encumbrances, equities or claims.
The Stations understand and agree that this authorization obligates them to pay an administrative fee to the RMLC, as more fully described in Paragraph 15 of the Settlement Agreement, in support of the RMLC’s ongoing activities in relation to SESAC on the industry’s behalf.
The Company and RMLC have paid all federal, state and local taxes and filed all tax returns required to be paid or filed through the date hereof; and except as otherwise disclosed in the Registration Statement, the Time of Sale Information and the Prospectus, there is no tax deficiency that has been, or could reasonably be expected to be, asserted against the Company or RMLC or any of their respective properties or assets that is likely to result in a Material Adverse Effect.
SESAC is hereby authorized to provide to the RMLC such of LICENSEE’s proprietary information provided to SESAC pursuant to this Agreement as the RMLC may request in connection with its representation of the local radio industry, unless LICENSEE notifies SESAC in writing to the contrary.
SESAC and the RMLC shall notify Represented Stations of the occurrence of the License Availability Date.