FCC Indebtedness definition

FCC Indebtedness means any Indebtedness of the Borrower, its Subsidiaries or the Parent owed to the United States Treasury Department that is incurred in connection with the acquisition of any License.
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FCC Indebtedness means (a) the collective reference to the principal of and interest on (including, without limitation, interest accruing at the then applicable rate provided in the FCC Loan Agreement after the maturity of the loans thereunder and interest accruing at the then applicable rate provided in the FCC Loan Agreement after the commencement of any Bankruptcy Event, whether or not a claim for post-filing or post-petition interest is allowed in such proceeding) the loans and all other obligations and liabilities of Borrower and Parent to FCC under the FCC Loan Agreement or under any other FCC Loan Document entered into by Borrower or Parent, whether on account of principal, interest, guaranty obligations, reimbursement obligations, fees, indemnities (whether contingent or actual), costs, expenses or otherwise (including, without limitation, all fees and disbursements of counsel to FCC that are required to be paid by Borrower or Parent pursuant to the terms of the FCC Loan Agreement, this Agreement or any other FCC Loan Document), and (b) all renewals, refundings, restructurings and other refinancings thereof.
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FCC Indebtedness has the meaning specified in the introductory paragraphs hereto.
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Examples of FCC Indebtedness in a sentence

  • Senior Creditors, Lescroa▇▇ ▇▇▇ Seller shall be deemed to ▇▇▇▇ ▇▇quired the FCC Indebtedness, the Oak Street Indebtedness, the Lescroart Indebtedness and the Seller Indedebtedness, as applicable, in reliance upon this paragraph.

  • The Borrower desires to discharge the indenture under which the Existing Notes were issued, to redeem the Existing Notes in accordance with the terms of such Indenture and to pay all interest and premium associated with such redemption (collectively, the "NOTES DISCHARGE") and to repay the outstanding FCC Indebtedness (the "FCC REPAYMENT").

  • FCC shall promptly remit a pro rata portion of any such payment received by FCC to Oak Street, based on the outstanding principal amount of FCC Indebtedness and Oak Street Indebtedness at the time of FCC's receipt of any such payment.