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Group Facilities Ratable Status
Group Facilities Ratable Status contract clause examples

. Notwithstanding anything herein or in any Loan Document to the contrary, a Variable Interest Entity of Nexstar Media may become a “VIE Borrower” hereunder in accordance with the terms of [Section 10.26] of the Nexstar Credit Agreement. Upon consummation of a transaction adding such VIE Borrower, the Group Facilities of the same Class may be reallocated pursuant to the terms of [Section 10.20] to maintain Group Facilities Ratable Status.

Additional VIE Borrowers . Notwithstanding anything herein or in any Loan Document to the contrary, a Variable Interest Entity of Nexstar Media may become a “VIE Borrower” hereunder in accordance with the terms of [Section 10.26] of the Nexstar Credit Agreement. Upon consummation of a transaction adding such VIE Borrower, the Group Facilities of the same Class may be reallocated pursuant to the terms of [Section 10.20] to maintain Group Facilities Ratable Status.

Additional VIE Borrowers . Notwithstanding anything herein or in any Loan Document to the contrary, a Variable Interest Entity of Nexstar Media may become a “VIE Borrower” hereunder in accordance with the terms of Section 10.26 of the Nexstar Credit Agreement. Upon consummation of a transaction adding such VIE Borrower, the Group Facilities of the same Class may be re-allocated pursuant to the terms of Section 10.20 to maintain Group Facilities Ratable Status.

VIE Borrower” means, as applicable, any of # the Borrower, the Mission Borrower and the Shield Borrowers, and # 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.

VIE Borrower” means, as applicable, any of # the Borrower, the Mission Borrower and the Marshall Borrower, and # 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.

VIE Borrower” means, as applicable, any of # the Borrower and the Shield Borrowers, and # 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.

. Notwithstanding anything herein or in any Loan Document to the contrary, this Agreement may be amended at any time and from time to time with the consent of only the Borrower, the Administrative Agent and the applicable proposed Lenders making such loans (the “Proposed Lenders”), to add any Variable Interest Entity of Nexstar Media that is organized under the laws of the United States, any state thereof or the District of Columbia as an additional Variable Interest Entity borrower (“Proposed VIE Borrower”) under an additional Variable Interest Entity credit agreement (“Proposed VIE Credit Agreement”) of loans of one or more class of revolving credit commitments or revolving loans or Term A Loans that will be treated as of the same Class as any Class of Revolving Credit Commitments or Term A Loans under this Agreement and the relevant Group Credit Agreements (the “Proposed Loans”), subject to the following terms and conditions:

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

Subject to Section 10.24(b[[Borrower:Organization]], the board of directors of Nexstar Media may at any time designate any Variable Interest Entity of Nexstar Media as an Excluded VIE or withdraw such designation if such Variable Interest Entity does not otherwise constitute an Excluded VIE, provided that, notwithstanding the foregoing, # no VIE Borrower or a Subsidiary of a VIE Borrower may be re-designated as an Excluded VIE and # no Variable Interest Entity of Nexstar Media that Guarantees any Indebtedness of, or provides any other credit support for, any Indebtedness of Nexstar Media, any other Holding Company, the Borrower or any Covenant Entity may be an Excluded VIE.

Subject to Section 10.24(b[[Borrower:Organization]], the board of directors of Nexstar Media may at any time designate any Variable Interest Entity of Nexstar Media as an Excluded VIE or withdraw such designation if such Variable Interest Entity does not otherwise constitute an Excluded VIE, provided that, notwithstanding the foregoing, # no VIE Borrower or a Subsidiary of a VIE Borrower may be designated as an Excluded VIE and # no Variable Interest Entity of Nexstar Media that Guarantees any Indebtedness of, or provides any other credit support for, any Indebtedness of Nexstar Media, any other Holding Company, the Borrower or any Covenant Entity may be an Excluded VIE.

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