Common use of Additional Incurrence Capacity Clause in Contracts

Additional Incurrence Capacity. Notwithstanding anything to the contrary in this Article VII, upon the receipt of a Nexstar Designation Letter, the Borrower may incur Lien, Indebtedness or Investment, as applicable, in an amount up to the amount of Lien, Indebtedness or Investment, as applicable, set forth in such Nexstar Designation Letter; provided (a) that the Borrower shall otherwise comply with the restrictions set forth in the applicable provision in the Nexstar Credit Agreement and (b) (x) such Liens or Indebtedness incurred pursuant to this Section 7.17, in each case do not exceed the amount otherwise permitted to be incurred under Section 7.01(y) and Section 7.02(w) of the Nexstar Credit Agreement, as applicable, and (y) such Investments incurred pursuant to this Section 7.17 do not exceed $100,000,000 of the amount permitted to be incurred under Section 7.03(w) of the Nexstar Credit Agreement. To the extent applicable, the incurrence of any Lien, Indebtedness or Investment pursuant to this Section 7.17 shall be otherwise deemed to be permitted under the other Sections of this Article VII.

Additional Incurrence Capacity. Notwithstanding anything to the contrary in this Article VII, upon the receipt of a Nexstar Designation Letter, the Borrower may incur Lien, Indebtedness or Investment, as applicable, in an amount up to the amount of Lien, Indebtedness or Investment, as applicable, set forth in such Nexstar Designation Letter; provided (a) that the Borrower shall otherwise comply with the restrictions set forth in the applicable provision in the Nexstar Credit Agreement and (b) (x) such Liens or Indebtedness incurred pursuant to this Section 7.17, in each case do not exceed the amount otherwise permitted to be incurred under Section 7.01(y) and Section 7.02(w) of the Nexstar Credit Agreement, as applicable, applicable and (y) such Investments incurred pursuant to this Section 7.17 do not exceed $100,000,000 75,000,000 of the amount permitted to be incurred under Section 7.03(w) of the Nexstar Credit Agreement. To the extent applicable, the incurrence of any Lien, Indebtedness or Investment pursuant to this Section 7.17 shall be otherwise deemed to be permitted under the other Sections of this Article VII.

Additional Incurrence Capacity. Notwithstanding anything to the contrary in this Article VII, upon the receipt of a Nexstar Designation Letter, the Borrower may incur Lien, Indebtedness or Investment, as applicable, in an amount up to the amount of Lien, Indebtedness or Investment, as applicable, set forth in such Nexstar Designation Letter; provided (a) that the Borrower shall otherwise comply with the restrictions set forth in the applicable provision in the Nexstar Credit Agreement and (b) (x) such Liens or Indebtedness incurred pursuant to this Section 7.17, in each case do not exceed the amount otherwise permitted to be incurred under Section 7.01(y) and Section 7.02(w) of the Nexstar Credit Agreement, as applicable, and (y) such Investments incurred pursuant to this Section 7.17 do not exceed $100,000,000 75100,000,000 of the amount permitted to be incurred under Section 7.03(w) of the Nexstar Credit Agreement. To the extent applicable, the incurrence of any Lien, Indebtedness or Investment pursuant to this Section 7.17 shall be otherwise deemed to be permitted under the other Sections of this Article VII.