VIE definition
Examples of VIE in a sentence
To the extent required under the Nexstar Credit Agreement, each VIE Borrower has agreed to guarantee, and cause certain of its Restricted Subsidiaries to guarantee, the Nexstar Borrower’s obligations under the Nexstar Credit Agreement and certain hedging/cash management obligations of the Nexstar Borrower.
Each Group Lender who is a party hereto on the Second Amendment Effective Date confirms and acknowledges its agreement of the provisions of this paragraph in its capacity as a Lender hereunder and as a Group Lender under the other VIE Credit Agreements and such Group Lender and its successors and assigns, in each case, as a Group Lender under such VIE Credit Agreement to which this paragraph applies shall be a third-party beneficiary of this paragraph, Sections 10.01(g) and 10.01(h).
The material differences in the equity pledge agreements entered into by and among the VIE Shareholders, the VIEs and the WFOEs in connection with our contractual arrangements for the representative variable interest entities and their respective equity holders are set forth below.
In addition and notwithstanding any provision herein or in any Group Loan Document to the contrary, each VIE Borrower shall be deemed to be a Variable Interest Entity of Nexstar Media for so long as the applicable VIE Credit Agreement remains outstanding irrespective of any change in GAAP.
The Nexstar Borrower has agreed to guarantee, and cause Nexstar Media, the other Holding Companies and certain of Nexstar Media’s Restricted Subsidiaries to guarantee, the obligations of each VIE Borrower under the applicable VIE Credit Agreement and certain hedging/cash management obligations of each such VIE Borrower.