Common use of Anti-Cash Hoarding Clause in Contracts

Anti-Cash Hoarding. If on any day after the Third Amendment Effective Date the sum of cash and Cash Equivalents of the Nexstar Entities together with the cash and Cash Equivalents of the Mission Entities aggregate among all such entities in excess of $25,000,000, then, to the extent such excess exists on the following day, the Borrower or the Mission Entities shall apply such amounts in excess of $25,000,000 on the following day to prepay the outstanding principal of Loans and/or Mission Loans, at the Borrower’s election, such that the aggregate cash and Cash Equivalents of the Nexstar Entities and the Mission Entities shall not exceed $25,000,000 (applied as to (1) Loans, among the Term B Loans and Revolving Loans on a pro rata basis among such Loans, with a corresponding reduction in the Aggregate Revolving Commitment in the amount of such amount applied to prepay the Revolving Loans and (2) Mission Loans, among the “Term B Loans” and “Revolving Loans” (as each is defined in the Mission Credit Agreement) on a pro rata basis among such loans, with a corresponding reduction in the “Aggregate Revolving Commitment” (as defined in the Mission Credit Agreement) in the amount of such amount applied to prepay the “Revolving Loans”), provided that, notwithstanding the foregoing, if there exists no Default on such day (i) or the following day, such amounts shall be applied to prepay either or both of (A) the Revolving Loans and will not result in a reduction in the Aggregate Revolving Commitment and (B) the “Revolving Loans” (as defined in the Mission Credit Agreement) and will not result in a reduction in the “Aggregate Revolving Commitment” (as defined in the Mission Credit Agreement),

Anti-Cash Hoarding. If Except with respect to Net Debt Proceeds of not more than $250,000,000 received in connection with the issuance of any Nexstar Broadcasting, Inc. Senior Notes due 2020, to the extent such funds are being held for repayment of the (i) 7% Senior Subordinated PIK Notes due 2014, issued by Nexstar Broadcasting, Inc. and (ii) 7% Senior Subordinated Notes due 2014, issued by Nexstar Broadcasting, Inc., if on any day after the Third Amendment Effective Date the sum of cash and Cash Equivalents of the Nexstar Entities together with the cash and Cash Equivalents of the Mission Entities aggregate among all such entities in excess of $25,000,000, then, to the extent such excess exists on the following day, the Borrower or the Mission Entities shall apply such amounts in excess of $25,000,000 on the following day to prepay the outstanding principal of Loans and/or Mission Loans, at the Borrower’s 's election, such that the aggregate cash and Cash Equivalents of the Nexstar Entities and the Mission Entities shall not exceed $25,000,000 (applied as to (1) Loans, among the Term B Loans and Revolving Loans on a pro rata basis among such Loans, with a corresponding reduction in the Aggregate Revolving Commitment in the amount of such amount applied to prepay the Revolving Loans and (2) Mission Loans, among the “"Term B Loans” " and “"Revolving Loans” " (as each is defined in the Mission Credit Agreement) on a pro rata basis among such loans, with a corresponding reduction in the “"Aggregate Revolving Commitment” " (as defined in the Mission Credit Agreement) in the amount of such amount applied to prepay the “"Revolving Loans”"), provided that, notwithstanding the foregoing, if there exists no Default on such day (i) or the following day, such amounts shall be applied to prepay either or both of (A) the Revolving Loans and will not result in a reduction in the Aggregate Revolving Commitment and (B) the “Revolving Loans” (as defined in the Mission Credit Agreement) and will not result in a reduction in the “Aggregate Revolving Commitment” (as defined in the Mission Credit Agreement),

Anti-Cash Hoarding. If Except with respect to “Net Debt Proceeds” (as defined in the Nexstar Credit Agreement) of not more than $250,000,000 received in connection with the issuance of any Nexstar Broadcasting, Inc. Senior Notes due 2020, to the extent such funds are being held for repayment of the (i) 7% Senior Subordinated PIK Notes due 2014, issued by Nexstar Broadcasting, Inc. and (ii) 7% Senior Subordinated Notes due 2014, issued by Nexstar Broadcasting, Inc., if on any day after the Third Second Amendment Effective Date the sum of cash and Cash Equivalents of the Nexstar Mission Entities together with the cash and Cash Equivalents of the Mission Nexstar Entities aggregate among all such entities in excess of $25,000,000, then, to the extent such excess exists on the following day, the Borrower or the Mission Entities shall apply such amounts in excess of $25,000,000 on the following day to prepay the outstanding principal of Loans and/or Mission the Nexstar Loans, at the Borrower’s 's election, such that the aggregate cash and Cash Equivalents of the Nexstar Mission Entities and the Mission Nexstar Entities shall not exceed $25,000,000 (applied as to (1) Loans, among the Term B Loans and Revolving Loans on a pro rata basis among such Loans, with a corresponding reduction in the Aggregate Revolving Commitment in the amount of such amount applied to prepay the Revolving Loans and (2) Mission Nexstar Loans, among the “"Term B Loans” " and “"Revolving Loans” " (as each is defined in the Mission Nexstar Credit Agreement) on a pro rata basis among such loans, with a corresponding reduction in the “"Aggregate Revolving Commitment” " (as defined in the Mission Nexstar Credit Agreement) in the amount of such amount applied to prepay the “"Revolving Loans”"), provided that, notwithstanding the foregoing, if there exists no Default on such day (i) or the following day, such amounts shall be applied to prepay either or both of (A) the Revolving Loans and will not result in a reduction in the Aggregate Revolving Commitment and (B) the “Revolving Loans” (as defined in the Mission Credit Agreement) and will not result in a reduction in the “Aggregate Revolving Commitment” (as defined in the Mission Credit Agreement),

Anti-Cash Hoarding. If on any day after the Third Second Amendment Effective Date the sum of cash and Cash Equivalents of the Nexstar Mission Entities together with the cash and Cash Equivalents of the Mission Nexstar Entities aggregate among all such entities in excess of $25,000,000, 25,000,000 then, to the extent such excess exists on the following day, the Borrower or the Mission Entities shall apply such amounts in excess of $25,000,000 on the following day to prepay the outstanding principal of Loans and/or Mission the Nexstar Loans, at the Borrower’s election, such that the aggregate cash and Cash Equivalents of the Nexstar Mission Entities and the Mission Nexstar Entities shall not exceed $25,000,000 (applied as to (1) Loans, among the Term B Loans and Revolving Loans on a pro rata basis among such Loans, with a corresponding reduction in the Aggregate Revolving Commitment in the amount of such amount applied to prepay the Revolving Loans and (2) Mission Nexstar Loans, among the “Term B Loans” and “Revolving Loans” (as each is defined in the Mission Nexstar Credit Agreement) on a pro rata basis among such loans, with a corresponding reduction in the “Aggregate Revolving Commitment” (as defined in the Mission Nexstar Credit Agreement) in the amount of such amount applied to prepay the “Revolving Loans”), provided that, notwithstanding the foregoing, if there exists no Default on such day (i) or the following day, such amounts shall be applied to prepay either or both of (A) the Revolving Loans and will not result in a reduction in the Aggregate Revolving Commitment and (B) the “Revolving Loans” (as defined in the Mission Credit Agreement) and will not result in a reduction in the “Aggregate Revolving Commitment” (as defined in the Mission Credit Agreement),