Example ContractsClausesMaterial Licenses; Material Sharing Arrangements
Material Licenses; Material Sharing Arrangements
Material Licenses; Material Sharing Arrangements contract clause examples

Material Licenses; Material Sharing Arrangements. (i)(1) Any Broadcast License of any Covenant Entity shall be terminated, forfeited or revoked or shall fail to be renewed for any reason whatsoever or shall be modified in a manner materially adverse to the interests of the Covenant Entities, taken as a whole, or (2) for any other reason (A) the Covenant Entities shall at any time cease to be a licensee under any Broadcast License relating to the Station to which such Broadcast Licenses have been granted or shall otherwise fail to have all required authorizations, licenses and permits to construct, own or operate such Station (other than pursuant to any Disposition or other transaction not prohibited under this Agreement), or (B) [Reserved], and in each case of clause (1) or (2), the occurrence of which could, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect; (ii) any Nexstar/VIE Agreement shall (1) be revoked, cancelled, terminated or expired by its terms and not renewed for any

Material Licenses; Material Sharing Arrangements. (i)(1) Any Broadcast License of any Covenant Entity shall be terminated, forfeited or revoked or shall fail to be renewed for any reason whatsoever or shall be modified in a manner materially adverse to the interests of the Covenant Entities, taken as a whole, or (2) for any other reason (A) the Covenant Entities shall at any time cease to be a licensee under any Broadcast License relating to the Station to which such Broadcast Licenses have been granted or shall otherwise fail to have all required authorizations, licenses and permits to construct, own, operate or promote such Station (other than pursuant to any Disposition or other transaction not prohibited under this Agreement), or (B) [Reserved], and in each case of clause (1) or (2), the occurrence of which could, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect; (ii) any Nexstar/VIE Agreement listed on Schedule 5.22 shall (1) be revoked, cancelled, terminated or expired by its terms and not renewed for any reason whatsoever or shall be modified at the request of any Governmental Authority in a manner materially adverse to the interests of the Covenant Entities, taken as a whole and the occurrence of which could, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect and (iii) any Channel Sharing Agreement listed on Schedule 5.23 to which any Covenant Entity is a Channel Sharee shall be revoked, cancelled, terminated or expired by its terms and not renewed for any reason whatsoever or shall be modified at the request of any Governmental Authority in a manner materially adverse to the interests of the Covenant Entities, taken as a whole and the occurrence of which could, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect;

Material Licenses; Material Sharing Arrangements. (i)(1) Any Broadcast License of any Covenant Entity shall be terminated, forfeited or revoked or shall fail to be renewed for any reason whatsoever or shall be modified in a manner materially adverse to the interests of the Covenant Entities, taken as a whole, or (2) for any other reason (A) the Covenant Entities shall at any time cease to be a licensee under any Broadcast License relating to the Station to which such Broadcast Licenses have been granted or shall otherwise fail to have all required authorizations, licenses and permits to construct, own, operate or promote such Station (other than pursuant to any Disposition or other transaction not prohibited under this Agreement), or (B) [Reserved], and in each case of clause (1) or (2), the occurrence of which could, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect; (ii) any Nexstar/VIE Agreement

Material Licenses; Material Sharing Arrangements. (i)(1) Any Broadcast License of any Covenant Entity shall be terminated, forfeited or revoked or shall fail to be renewed for any reason whatsoever or shall be modified in a manner materially adverse to the interests of the Covenant Entities, taken as a whole, or (2) for any other reason (A) the Covenant Entities shall at any time cease to be a licensee under any Broadcast License relating to the Station to which such Broadcast Licenses have been granted or shall otherwise fail to have all required authorizations, licenses and permits to construct, own, operate or promote such Station (other than pursuant to any Disposition or other transaction not prohibited under this Agreement), or (B) [Reserved], and in each case of clause (1) or (2), the occurrence of which could, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect; (ii) any Nexstar/VIE Agreement listed on Schedule 5.22 shall (1) be revoked, cancelled, terminated or expired by its terms and not renewed for any reason whatsoever or shall be modified at the request of any Governmental Authority in a manner materially adverse to the interests of the Covenant Entities, taken as a whole and the occurrence of which could, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect and (iii) any Channel Sharing Agreement listed on Schedule 5.23 to which any Covenant Entity is a Channel Sharee shall be revoked, cancelled, terminated or expired by its terms and not renewed for any reason whatsoever or shall be modified at the request of any Governmental Authority in a manner materially adverse to the interests of the Covenant Entities, taken as a whole and the occurrence of which could, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect;

Material Licenses; Material Sharing Arrangements. (i)(1) Any Broadcast License of any Covenant Entity shall be terminated, forfeited or revoked or shall fail to be renewed for any reason whatsoever or shall be modified in a manner materially adverse to the interests of the Covenant Entities, taken as a whole, or (2) for any other reason (A) the Covenant Entities shall at any time cease to be a licensee under any Broadcast License relating to the Station to which such Broadcast Licenses have been granted or shall otherwise fail to have all required authorizations, licenses and permits to construct, own, operate or promote such Station (other than pursuant to any Disposition or other transaction not prohibited under this Agreement), or (B) [Reserved], and in each case of clause (1) or (2), the occurrence of which could, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect; (ii) any Nexstar/VIE Agreement shall (1) be revoked, cancelled, terminated or expired by its terms and not renewed for any reason whatsoever or shall be modified at the request of any Governmental Authority in a manner materially adverse to the interests of the Covenant Entities, taken as a whole and the occurrence of which could, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect and (iii) any Channel Sharing Agreement listed on Schedule 5.23 to which any Covenant Entity is a Channel Sharee shall be revoked, cancelled, terminated or expired by its terms and not renewed for any reason whatsoever or shall be modified at the request of any Governmental Authority in a manner materially adverse to the interests of the Covenant Entities, taken as a whole and the occurrence of which could, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect;

Material Licenses; Material Sharing Arrangements. (i)(1) Any Broadcast License of any Covenant Entity shall be terminated, forfeited or revoked or shall fail to be renewed for any reason whatsoever or shall be modified in a manner materially adverse to the interests of the Covenant Entities, taken as a whole, or (2) for any other reason (A) the Covenant Entities shall at any time cease to be a licensee under any Broadcast License relating to the Station to which such Broadcast Licenses have been granted or shall otherwise fail to have all required authorizations, licenses and permits to construct, own or operate such Station (other than pursuant to any Disposition or other transaction not prohibited under this Agreement), or (B) [Reserved], and in each case of clause (1) or (2), the occurrence of which could, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect; (ii) any Nexstar/VIE Agreement shall (1) be revoked, cancelled, terminated or expired by its terms and not renewed for any reason whatsoever or shall be modified at the request of any Governmental Authority in a manner materially adverse to the interests of the Covenant Entities, taken as a whole and the occurrence of which could, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect and (iii) any Channel Sharing Agreement listed on Schedule 5.23 to which any Covenant Entity is a Channel Sharee shall be revoked, cancelled, terminated or expired by its terms and not renewed for any reason whatsoever or shall be modified at the request of any Governmental Authority in a manner materially adverse to the interests of the Covenant Entities, taken as a whole and the occurrence of which could, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect;

Material Licenses; Material Sharing Arrangements. (i)(1) Any Broadcast License of any Covenant Entity shall be terminated, forfeited or revoked or shall fail to be renewed for any reason whatsoever or shall be modified in a manner materially adverse to the interests of the Covenant Entities, taken as a whole, or (2) for any other reason (A) the Covenant Entities shall at

Material Licenses; Material Sharing Arrangements. (i)(1) Any Broadcast License of any Covenant Entity shall be terminated, forfeited or revoked or shall fail to be renewed for any reason whatsoever or shall be modified in a manner materially adverse to the interests of the Covenant Entities, taken as a whole, or (2) for any other reason (A) the Covenant Entities shall at any time cease to be a licensee under any Broadcast License relating to the Station to which such Broadcast Licenses have been granted or shall otherwise fail to have all required authorizations, licenses and permits to construct, own, operate or promote such Station (other than pursuant to any Disposition or other transaction not prohibited under this Agreement), or (B) [Reserved], and in each case of clause (1) or (2), the occurrence of which could, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect; (ii) any Nexstar/VIE Agreement shall (1) be revoked, cancelled, terminated or expired by its terms and not renewed for any reason whatsoever or shall be modified at the request of any Governmental Authority in a manner materially adverse to the interests of the Covenant Entities, taken as a whole and the occurrence of which could, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect and (iii) any Channel Sharing Agreement listed on Schedule 5.23 to which any Covenant Entity is a Channel Sharee shall be revoked, cancelled, terminated or expired by its terms and not renewed for any reason whatsoever or shall be modified at the request of any Governmental Authority in a manner materially adverse to the interests of the Covenant Entities, taken as a whole and the occurrence of which could, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect;

Material Licenses; Material Sharing Arrangements. (i)(1) Any Broadcast License of any Covenant Entity shall be terminated, forfeited or revoked or shall fail to be renewed for any reason whatsoever or shall be modified in a manner materially adverse to the interests of the Covenant Entities, taken as a whole, or (2) for any other reason (A) the Covenant Entities shall at any time cease to be a licensee under any Broadcast License relating to the Station to which such Broadcast Licenses have been granted or shall otherwise fail to have all required authorizations, licenses and permits to construct, own, operate or promote such Station (other than pursuant to any Disposition or other transaction not prohibited under this Agreement), or (B) [Reserved], and in each case of clause (1) or (2), the occurrence of which could, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect; (ii) any Nexstar/VIE Agreement

Material Licenses; Material Sharing Arrangements. (i)(1) Any Broadcast License of any Covenant Entity shall be terminated, forfeited or revoked or shall fail to be renewed for any reason whatsoever or shall be modified in a manner materially adverse to the interests of the Covenant Entities, taken as a whole, or (2) for any other reason (A) the Covenant Entities shall at any time cease to be a licensee under any Broadcast License relating to the Station to which such Broadcast Licenses have been granted or shall otherwise fail to have all required authorizations, licenses and permits to construct, own, operate or promote such Station (other than pursuant to any Disposition or other transaction not prohibited under this Agreement), or (B) [Reserved], and in each case of clause (1) or (2), the occurrence of which could, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect; (ii) any Nexstar/VIE Agreement shall (1) be revoked, cancelled, terminated or expired by its terms and not renewed for any reason whatsoever or shall be modified at the request of any Governmental Authority in a manner materially adverse to the interests of the Covenant Entities, taken as a whole and the occurrence of which could, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect and (iii) any Channel Sharing Agreement listed on Schedule 5.23 to which any Covenant Entity is a Channel Sharee shall be revoked, cancelled, terminated or expired by its terms and not renewed for any reason whatsoever or shall be modified at the request of any Governmental Authority in a manner materially adverse to the interests of the Covenant Entities, taken as a whole and the occurrence of which could, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect;

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