Common use of CONTROL; LIMITATION OF RIGHTS Clause in Contracts

CONTROL; LIMITATION OF RIGHTS. Notwithstanding anything herein or in any other Loan Paper to the contrary, (a) the transactions contemplated hereby (i) do not and will not constitute, create, or have the effect of constituting or creating, directly or indirectly, actual or practical ownership of the Companies or the Guarantors by Agents or Lenders, or control, affirmative or negative, direct or indirect, by Agents or Lenders over the management or any other aspect of the operation of the Companies or the Guarantors, which ownership or control remains exclusively and at all times in the Companies or the Guarantors, and (ii) do not and will not constitute the transfer, assignment, or disposition in any manner, voluntary or involuntary, directly or indirectly, of any Authorization at any time issued by the FCC or any PUC to the Companies or the Guarantors, or the transfer of control of the Companies or the Guarantors within the meaning of SECTION 310(d) of the Communications Act of 1934, as amended; and (b) neither Administrative Agent nor Collateral Agent shall, without first obtaining the approval of the FCC or any applicable PUC, take any action pursuant to this Agreement or any other Loan Paper that would constitute or result in any assignment of any Authorization or any change of control of the Companies or the Guarantors, if such assignment or change of control would require, under then existing Law (including the written rules and regulations promulgated by the FCC or any such PUC), the prior approval of the FCC or any such PUC.

CONTROL; LIMITATION OF RIGHTS. Notwithstanding anything herein or in any other Loan Paper to the contrary, (a) the transactions contemplated hereby (i) do not and will not constitute, create, or have the effect of constituting or creating, directly or indirectly, actual or practical ownership of the Companies or the Guarantors by Agents or LendersLender, or control, affirmative or negative, direct or indirect, by Agents or Lenders Lender over the management or any other aspect of the operation of the Companies or the Guarantors, which ownership or control remains exclusively and at all times in the Companies or the Guarantors, and (ii) do not and will not constitute the transfer, assignment, or disposition in any manner, voluntary or involuntary, directly or indirectly, of any Authorization at any time issued by the FCC or any PUC to the Companies or the Guarantors, or the transfer of control of the Companies or the Guarantors within the meaning of SECTION 310(d) of the Communications Act of 1934, as amended; and (b) neither Administrative Agent nor Collateral Agent shallLender shall not, without first obtaining the approval of the FCC or any applicable PUC, take any action pursuant to this Agreement or any other Loan Paper that would constitute or result in any assignment of any Authorization or any change of control of the Companies or the Guarantors, if such assignment or change of control would require, under then existing Law (including the written rules and regulations promulgated by the FCC or any such PUC), the prior approval of the FCC or any such PUC.

CONTROL; LIMITATION OF RIGHTS. Notwithstanding anything herein or in any other Loan Paper to the contrary, (a) the transactions contemplated hereby (i) do not and will not constitute, create, or have the effect of constituting or creating, directly or indirectly, actual or practical ownership of the Companies or the Guarantors Cellular Partnership Obligors by Agents Agents, Managing Agents, Co-Agents, or Lenders, or control, affirmative or negative, negative or direct or indirect, by Agents Agents, Managing Agents, Co-Agents, or Lenders over the management or any other aspect of the operation of the Companies or the GuarantorsCellular Partnership Obligors, which ownership or control remains exclusively and at all times in the Companies or the GuarantorsCellular Partnership Obligors, and (ii) do not and will not constitute the transfer, assignment, or disposition in any manner, voluntary or involuntary, involuntary or directly or indirectly, of any Authorization license or certificate at any time issued by the FCC or any PUC to the Companies or the GuarantorsCellular Partnership Obligors, or the transfer of control of the Companies or the Guarantors Cellular Partnership Obligors within the meaning of SECTION 310(d) of the Communications Act of 1934, as amended; and (b) neither Administrative Agent nor Collateral Agent shallshall not, without first obtaining the approval of the FCC or any applicable PUC, take any action pursuant to this Agreement or any other Loan Paper that would constitute or result in any assignment of any Authorization a license or any change of control of the Companies or the GuarantorsCellular Partnership Obligors, if such assignment or change of control would require, under then existing Law law (including inc.xxxxx the written rules and regulations promulgated by the FCC or any such PUC), the prior approval of the FCC or any such PUC.