Common use of License Subsidiaries Clause in Contracts

License Subsidiaries. (a) Other than ancillary FCC Licenses owned by Empire Burbank (none of which are Material FCC Licenses), the Credit Parties will cause each FCC License which is owned or acquired by any Credit Party to be held in a License Subsidiary at all times.

License Subsidiaries. (a) Other than ancillary FCC Licenses owned by Empire Burbank (none of which are Material FCC Licenses), the Credit Parties will cause each FCC License which is owned or acquired by any Credit Party to be held in a License Subsidiary at all timestimes (and provided that any FCC License relating to a Broadcast Station located outside the Designated Market Areas of those Broadcast Stations owned on the Closing Date, and acquired after the date hereof shall, at the reasonable request of the Required Lenders, be held in a separate License Subsidiary).