NCP System definition
Examples of NCP System in a sentence
Take all steps necessary to cause the Loan proceeds to be used solely for the purpose of (a) renew the Existing Bank Debt and pay fees and costs associated therewith; (b) the acquisition of the Robi▇ ▇▇▇tems and other Cable Systems, and (c) Capital Expenditures for the NCP System, and no other purpose.
NCP-Seven further represents and warrants that all towers and appurtenances thereto owned or leased by NCP-Seven comply with Federal Aviation airspace regulations, and that it has filed all statements of account and paid all copyright fees required by federal law or regulation or necessary to hold and maintain a compulsory license for the carriage of the signals of broadcast television and AM and FM radio stations carried by or relevant to the operation of any and all parts of the NCP System.
The foregoing shall not apply to deposit accounts maintained in the locale of the systems within the NCP System for the initial and temporary deposit (before transfer to a Bank deposit account) of subscriber payments.
The Collateral shall include but not be limited to a Lien on all rights of NCP-Seven in all now or hereafter existing real and personal property of every nature whatsoever Arising Out Of the NCP System.
NCP-Seven, by assignment, ownership or otherwise, possesses or has the right to use, or will so possess and have within two Business Days of Closing, all Operating Rights necessary, used or useful for the ownership, maintenance and operation of the NCP System, each of which Operating Rights, the lack of which would have a Material Adverse Effect, is in full force and effect.