Programming Network Business definition
Programming Network Business means (i) the programming businesses conducted by the Company and its Restricted Subsidiaries as of the date of this Indenture and which collectively consist of the programming networks currently known as AMC, IFC, Sundance Channel and WEtv and (ii) the other programming and related assets contributed to the Company pursuant to the Distribution Agreement.
Programming Network Business means (i) the programming businesses conducted by the Company and its Restricted Subsidiaries as of the date of initial issuance of the debt securities of the applicable series and which collectively consist of the programming networks formerly known as AMC, IFC, Sundance Channel and WE tv and (ii) the other programming and related assets contributed to the Company pursuant to the Distribution Agreement.
Examples of Programming Network Business in a sentence
Subject to the terms and conditions set forth herein, the Initial Term B Lender agrees to make a single loan to the Borrower on the Closing Date in an amount not to exceed such Initial Term B Lender’s Term B Commitment; provided, that the Initial Term B Lender’s obligation to make such Term B Loan to the Borrower shall be satisfied by the Initial Term B Lender’s transfer of the Programming Network Business to the Borrower as contemplated by the Distribution Agreement.
The Term B Notes will be issued on the Closing Date to the Initial Term B Lender in partial consideration for the transfer to the Borrower of the Programming Network Business.