Common use of Sharing Arrangements Clause in Contracts

Sharing Arrangements. Any Sharing Arrangement other than a Sharing Arrangement with a Strategic Shared Services Party, shall (i) be revoked, cancelled, terminated or expired by its terms and not renewed or any default has occurred under any such Sharing Arrangement, in each case which would have a Material Adverse Effect or (ii) be amended at the request of any Governmental Authority, which amendment would have a Material Adverse Effect, or (iii) cause any Nexstar Entity or Mission Entity not to comply with the multiple ownership rules of the Communications Laws, which non-compliance would have a Material Adverse Effect; or

Appears in 6 contracts

Samples: Credit Agreement (Nexstar Broadcasting Group Inc), Credit Agreement (Mission Broadcasting Inc), Credit Agreement (Nexstar Broadcasting Group Inc)

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Sharing Arrangements. Any Sharing Arrangement other than between a Sharing Arrangement with Mission Entity and a Strategic Shared Services Party, shall (i) be revoked, cancelled, terminated or expired by its terms and not renewed or any default has occurred under any such Sharing Arrangement, in each case which would have a Material Adverse Effect or (ii) be amended at the request of any Governmental Authority, which amendment would have a Material Adverse Effect, or (iii) cause any Nexstar Entity or Mission Entity not to comply with the multiple ownership rules of the Communications Laws, which non-compliance would have a Material Adverse Effect; or

Appears in 6 contracts

Samples: Credit Agreement (Nexstar Broadcasting Group Inc), Credit Agreement (Mission Broadcasting Inc), Credit Agreement (Nexstar Broadcasting Group Inc)

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Sharing Arrangements. Any Sharing Arrangement other than between a Sharing Arrangement with Xxxxxxxx Entity and a Strategic Shared Services Party, shall (i) be revoked, cancelled, terminated or expired by its terms and not renewed or any default has occurred under any such Sharing Arrangement, in each case which would have a Material Adverse Effect or (ii) be amended at the request of any Governmental Authority, which amendment would have a Material Adverse Effect, or (iii) cause any Nexstar Xxxxxxxx Entity or Mission Nexstar Entity not to comply with the multiple ownership rules of the Communications Laws, which non-compliance non‑compliance would have a Material Adverse Effect; or

Appears in 1 contract

Samples: Credit Agreement (Nexstar Broadcasting Group Inc)

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