Material FCC License definition

Material FCC License means FCC License that is, in the reasonable determination of the Borrower, material to the operation of the business of the Borrower and its Subsidiaries, taken as a whole.
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Material FCC License means each FCC License with an appraised value in excess of $2,000,000.
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Material FCC License means a FCC License, the cancellation or termination (except pursuant to an Asset Sale permitted hereby) of which could reasonably be expected to (a) result in a Material Adverse Change or (b) prevent any of the top ten Market Ranked Stations from broadcasting its digital or analog signal in accordance with the rules, regulations and requirements of the FCC.
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Examples of Material FCC License in a sentence

  • The Borrower shall, and shall cause each of its Subsidiaries to, keep in full force and effect each Material FCC License of such person.

  • Each Credit Party shall file or cause to be filed all necessary applications for renewal of, and shall preserve in full force and effect all, Material FCC Licenses; provided, however, that any failure to preserve any Material FCC License in full force and effect which results either from (x) a Relocation or (y) any asset sale, Asset Swap or other Disposition permitted hereunder shall not constitute a breach of this Section 6.8.

  • Each Credit Party shall file or cause to be filed all necessary applications for renewal of, and shall preserve in full force and effect all, Material FCC Licenses; provided, however, that any failure to preserve any Material FCC License in full force and effect which results from (x) the conversion of analog television stations to digital television, (y) a Relocation or (z) any asset sale, Asset Swap or other Disposition permitted hereunder shall not constitute a breach of this Section 6.7.

  • Each Credit Party shall file or cause to be filed all necessary applications for renewal of, and shall preserve in full force and effect all, Material FCC Licenses; provided, however, that any failure to preserve any Material FCC License in full force and effect which results either from (x) the conversion of analog television stations to digital television, (y) a Relocation or (z) any asset sale, Asset Swap or other Disposition permitted hereunder shall not constitute a breach of this Section 6.8.

  • No Credit Party shall fail to file any report or application or pay any FCC regulatory or filing fee pertaining to the Stations which is required to be filed with or paid to the FCC, except where the failure to file such report or application or to pay such fee could not reasonably be expected to result in (i) forfeiture of any Material FCC License or (ii) ineligibility or inability of any Credit Party to maintain or renew, any Material FCC License.

  • Any Credit Party or any of their respective directors or senior officers is convicted of violating any law that would reasonably be expected to result in (i) forfeiture of any material (as determined by Agent or Requisite Lenders in their respective reasonable discretion) Collateral or (ii) the ineligibility or inability of any Credit Party to maintain or renew any Material FCC License.

  • All Material FCC Licenses are in full force and effect and have been duly and validly issued in the name of, or validly assigned to, the respective Credit Party and, in the case of each Material FCC License is held by a LicenseSubsidiary which is a direct or indirect wholly-owned Subsidiary of the Credit Party operating the Station with respect to which such FCC License was issued.

  • No Credit Party shall take any action that could cause the FCC to institute anyproceedings for the cancellation, revocation, non-renewal, short-term renewal or adverse modification of any Material FCC License or take or permit to be taken any other action within its control that could result in non-compliance with the requirements of the Communications Laws in any material respect.

  • Any Material FCC License of the Borrower or any of its Subsidiaries shall be revoked, suspended, canceled, otherwise terminated or fail to be renewed.

  • No event has occurred which permits, or after notice or lapse of time or both would permit, the revocation, termination, modification or restriction of any Material FCC License or Material PUC Authorization which could reasonably be expected to have a Material Adverse Effect.


More Definitions of Material FCC License

Material FCC License means any FCC License other than an Immaterial FCC License, including, without limitation, any FCC License designated as a “Material FCC License” on Schedule 3.24.
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Related to Material FCC License

  • FCC License means any authorization, license or permit issued by the FCC, together with any extensions or renewals thereof.

  • Material Intellectual Property means Intellectual Property that is owned by or licensed to a Grantor and material to the conduct of any Grantor’s business.

  • Governmental Approval is any consent, authorization, approval, order, license, franchise, permit, certificate, accreditation, registration, filing or notice, of, issued by, from or to, or other act by or in respect of, any Governmental Authority.

  • IP License means all Contractual Obligations (and all related IP Ancillary Rights), whether written or oral, granting any right, title and interest in or relating to any Intellectual Property.

  • Copyleft License means any license that requires, as a condition of use, modification and/or distribution of software subject to such license, that such software subject to such license, or other software incorporated into, derived from, or used or distributed with such software subject to such license (i) in the case of software, be made available or distributed in a form other than binary (e.g., source code form), (ii) be licensed for the purpose of preparing derivative works, (iii) be licensed under terms that allow the Company’s or any Subsidiary of the Company’s products or portions thereof or interfaces therefor to be reverse engineered, reverse assembled or disassembled (other than by operation of Law) or (iv) be redistributable at no license fee. Copyleft Licenses include the GNU General Public License, the GNU Lesser General Public License, the Mozilla Public License, the Common Development and Distribution License, the Eclipse Public License and all Creative Commons “sharealike” licenses.

  • Material of Environmental Concern means and includes pollutants, contaminants, hazardous wastes, and toxic, radioactive, caustic or otherwise hazardous substances, including petroleum, its derivatives, by-products and other hydrocarbons, or any substance having any constituent elements displaying any of the foregoing characteristics.

  • Environmental Approval means any consent, authorisation, licence or approval of any governmental or public body or authorities or courts applicable to any Relevant Ship or its operation or the carriage of cargo and/or passengers thereon and/or the provision of goods and/or services on or from any Relevant Ship required under any Environmental Law;

  • Environmental Permit means any permit, approval, identification number, license or other authorization required under any Environmental Law.

  • Permitted Licenses are (A) licenses of over-the-counter software that is commercially available to the public, and (B) non-exclusive and exclusive licenses for the use of the Intellectual Property of Borrower or any of its Subsidiaries entered into in the ordinary course of business, provided, that, with respect to each such license described in clause (B), (i) no Event of Default has occurred or is continuing at the time of such license; (ii) the license constitutes an arms-length transaction, the terms of which, on their face, do not provide for a sale or assignment of any Intellectual Property and do not restrict the ability of Borrower or any of its Subsidiaries, as applicable, to pledge, grant a security interest in or lien on, or assign or otherwise Transfer any Intellectual Property; (iii) in the case of any exclusive license, (x) Borrower delivers ten (10) days’ prior written notice and a brief summary of the terms of the proposed license to Collateral Agent and the Lenders and delivers to Collateral Agent and the Lenders copies of the final executed licensing documents in connection with the exclusive license promptly upon consummation thereof, and (y) any such license could not result in a legal transfer of title of the licensed property but may be exclusive in respects other than territory and may be exclusive as to territory only as to discrete geographical areas outside of the United States; and (iv) all upfront payments, royalties, milestone payments or other proceeds arising from the licensing agreement that are payable to Borrower or any of its Subsidiaries are paid to a Deposit Account that is governed by a Control Agreement.