In the present paper the behavior of (internal) magneto-acoustic-gravity waves near the cusp resonance in a lossless, compressible, isothermal, stratified, electrically conducting atmosphere that is permeated by a uniform, nearly horizontal magnetic field is re-addressed (Kamp, 1989). The previously analyzed linear conversion of long acoustic-gravity waves into short magneto-acoustic waves that carry off the energy from the resonance region along the magnetic field, is re-analyzed with boundary layer techniques that are based on the smallness of the vertical component of the magnetic field. More specifically the existence of the so-called valve effect for the generated magneto-acoustic mode near the critical level is explicitly demonstrated and shown to be governed by two rivalling effects.