TOC Approval definition
TOC Approval means the written grant of approval by the FCC of a TOC Application.
TOC Approval shall have the meaning set forth in the Stockholders Agreement.
TOC Approval shall have the meaning set forth in the Amended Charter.
Examples of TOC Approval in a sentence
Following both a Sponsor Exit Sell-Down and receipt of TOC Approval, but until a Televisa Sell-Down, each of the Post-Sponsor Exit Independent Directors shall be recommended for nomination by a majority vote of the Nominating Committee and nominated by the unanimous vote of all the members of the Board.
Each of the foregoing provisions of this Section 2 shall expire on the earlier of (a) a Change of Control (other than a Change of Control involving any Purchaser of Control, as provided in Section 3.8 below), and (b) both a Sponsor Exit Sell-Down and receipt of TOC Approval.