VIE Borrower definition

VIE Borrower means, as applicable, any of (a) the Borrower and the Shield Borrowers, and (b) any other Variable Interest Entity of Nexstar Media that becomes a “VIE Borrower” pursuant to an amendment to this Agreement and the Nexstar Credit Agreement in accordance with the provisions of Section 10.26 and Section 10.26 of the Nexstar Credit Agreement, respectively, in each case, only for so long as its applicable VIE Credit Agreement remains outstanding.
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Examples of VIE Borrower 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.

  • 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.