DIRECTV Financing definition
Examples of DIRECTV Financing in a sentence
Neither the Company nor any Subsidiary of the Issuer shall engage in any transactions with DIRECTV Financing in violation of the immediately preceding sentence.
Issuers: DIRECTV Holdings LLC (the “Company”) and DIRECTV Financing Co., Inc.
DIRECTV Financing may not hold any material assets, become liable for any material obligations, engage in any trade or business, or conduct any business activity, other than the issuance of Equity Interests to the Company or any Wholly Owned Subsidiary of the Company, the incurrence of Indebtedness as a co-obligor or guarantor of the Securities, the Exchange Securities, if any, the Senior Revolving Credit Facility and any other Indebtedness incurred by the Company.
For purposes of this Agreement, “Specified Subsidiaries” shall mean DIRECTV Holdings LLC, DIRECTV Financing Co., and any direct or indirect non-wholly Subsidiary of the Company.
DIRECTV Financing may not hold any material assets, become liable for any material obligations, engage in any trade or business, or conduct any business activity, other than the issuance of Equity Interests to the Company or any Wholly Owned Subsidiary of the Company, the incurrence of Indebtedness as a co-obligor or guarantor of the Securities, the Exchange Securities, if any, the Senior Secured Credit Facility and any other Indebtedness incurred by the Company.
The legal name of the corporation is DIRECTV Financing Co., Inc., hereinafter referred to as "Corporation".