LBI Sub definition
Examples of LBI Sub in a sentence
The postponed Closing Date will be any date within the effective period of the FCC’s consent to assignment of the FCC Licenses to LBI Sub as Buyer may designate by not less than five business days’ prior written notice to Seller.
Seller does not know of any person who has expressed any intention to oppose FCC approval of the assignment of the FCC Licenses to LBI Sub, nor does Seller know of any reason why FCC consent to such assignment might be denied or delayed.
Each of LBI Media, LBI and LBI Sub is a California corporation, duly organized, validly existing and in good standing under the laws of the State of California.
In the event transmission in accordance with the FCC Licenses cannot be resumed within the effective period of the FCC’s consent to assignment of the FCC Licenses to LBI Sub, at Buyer’s request, the Parties will join in an application or applications requesting the FCC to extend the effective period of its consent for one or more periods not to exceed 120 days in the aggregate.
Other than the Initial Grant of the Assignment Application, no additional order or grant is required from the FCC in order to consummate the assignment of the FCC Licenses to LBI Sub.
Other than the Initial Grant of the KEYH Assignment Application, no additional order or grant is required from the FCC in order to consummate the assignment of the KEYH FCC Licenses to LBI Sub.
LBI and LBI Sub is a California corporation, duly organized, validly existing and in good standing under the laws of the State of California.
To the knowledge of the Company, no Tax Returns filed with respect to Taxable years through the Taxable year ended 2006 in the case of the United States, have been examined and closed.
LBI and LBI Sub each have the requisite power to enter into and complete the transactions contemplated by this Agreement.
If this Agreement terminates after an FM Only Closing and the transactions contemplated by this Agreement, including but not limited to transfer of the KEYH FCC Licenses and Permits to LBI License Sub and the transfer of the Purchased Assets to LBI Sub, have not occurred, then the Escrow Deposit shall be delivered to LBI Holdings and Buyer and Seller will execute mutual releases with respect to this Agreement in form and substance reasonably satisfactory to the Parties.