FCC Regulated Entity definition
FCC Regulated Entity means a Portfolio Company that, directly or indirectly, owns, controls, operates or has a cognizable or attributable interest under the FCC Attribution Rules, in a broadcast radio or television station licensed by the FCC, a U.S. cable television system, a broadband radio service or multipoint multichannel distribution system licensed by the FCC, a commercial mobile radio service licensed by the FCC or any other communications facility the ownership or operation of which is subject to regulation or other limits by the FCC under (i) the Communications Act; (ii) the FCC Attribution Rules; or (iii) the FCC Ownership Rules.
Examples of FCC Regulated Entity in a sentence
The General Partner shall notify the Limited Partners if at any time it intends to distribute any securities of an FCC Regulated Entity to the Limited Partners.
Each Limited Partner shall provide the General Partner with such information as the General Partner may reasonably request from time to time in order to determine whether a particular interest in any FCC Regulated Entity would comply with the Communications Act or the FCC Ownership Rules.