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Exclusion of Immaterial Subsidiaries
Exclusion of Immaterial Subsidiaries contract clause examples

Exclusion of Immaterial Subsidiaries . Solely for the purpose of determining whether a Default has occurred under [clause (f) or (g) of Section 8.01][[Borrower:Organization]][[Borrower:Organization]], any reference in any such clause to any Covenant Entity or any Loan Party shall be deemed not to include any Person that would have been excluded pursuant to [Section 8.03] of the Nexstar Credit Agreement.

Exclusion of Immaterial Subsidiaries. Solely for the purpose of determining whether a Default has occurred under [clause (f) or (g) of Section 8.01][[Borrower:Organization]][[Borrower:Organization]], any reference in any such clause to any Covenant Entity or any Loan Party shall be deemed not to include any Person that would have been excluded pursuant to Section 8.03 of the Nexstar Credit Agreement.

Exclusion of Immaterial Subsidiaries . Solely for the purpose of determining whether a Default has occurred under [clause (f) or (g) of Section 8.01][[WXXA Borrower:Organization]][[WXXA Borrower:Organization]], any reference in any such clause to any Covenant Entity or any Loan Party shall be deemed not to include any Person that would have been excluded pursuant to [Section 8.03] of the Nexstar Credit Agreement.

. Solely for the purpose of determining whether a Default has occurred under [clause (f) or (g) of Section 8.01][[Borrower:Organization]][[Borrower:Organization]], any reference in any such clause to any Covenant Entity or any Loan Party shall be deemed not to include any Person that would have been excluded pursuant to [Section 8.03] of the Nexstar Credit Agreement.

SECTION # Exclusion of Immaterial Subsidiaries. Solely for the purpose of determining whether a Default has occurred under Section 8.01(f[[Borrower:Organization]] or (g[[Borrower:Organization]], any reference in any such clause to any Restricted Subsidiary or Loan Party shall be deemed not to include any Restricted Subsidiary affected by any event or circumstances referred to in any such clause that did not, as of the last day of the most recent completed fiscal quarter of the Borrower, have assets with a value in excess of 5.0% of Total Assets and did not, as of the four quarter period ending on the last day of such fiscal quarter, have revenues exceeding 5.0% of Total Revenues (it being agreed that all Restricted Subsidiaries affected by any event or circumstance referred to in any such clause shall be considered together, as a single consolidated Restricted Subsidiary, for purposes of determining whether the condition specified above is satisfied[[Borrower:Organization]].

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