MEMBER INSULATION. (a) For so long as, and only during periods from time to time in which the Company shall directly or indirectly hold (or otherwise be attributed with) an ownership or other interest in a Media Enterprise that is "attributed" to the Company under the FCC rules relating to the particular FCC service in which the Media Enterprise operates, no provision of this Agreement shall be construed to permit any Member (other than an Excluded Member), or any person or entity that is a director, officer, partner, employee, or 5% or greater shareholder or other owner of a Member (an "Insulated Member Affiliate"), to do any of the following:
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Acme Television LLC), Limited Liability Company Agreement (Acme Television LLC)
MEMBER INSULATION. (a) For so long as, and only during periods from time to time in which the Company shall directly or indirectly hold (or otherwise be attributed with) an ownership or other interest in a Media Enterprise that is "attributed" to the Company under the FCC rules relating to the particular FCC service in which the Media Enterprise operates, no provision of this Agreement shall be construed to permit any Member (other than an Excluded Member), or any person or entity that is a director, officer, partner, employee, or 5% or greater shareholder or other owner of a Member (an "Insulated Member AffiliateINSULATED MEMBER AFFILIATE"), to do any of the following:
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Acme Television LLC), Acme Intermediate Holdings LLC