Common use of CONTROL; LIMITATION OF RIGHTS Clause in Contracts

CONTROL; LIMITATION OF RIGHTS. (a) Notwithstanding anything herein to the contrary, this Subsidiary Security Agreement, the other Loan Documents and the transactions contemplated hereby and thereby (i) do not and will not constitute, create, or have the effect of constituting or creating, directly or indirectly, actual or practical ownership of any Grantor by the Agent, the Co-Agents, the Banks, any L/C Providers or any Interest Rate Providers, or control, affirmative or negative, direct or indirect, by the Agent, the Co-Agents, the Banks, any L/C Providers or any Interest Rate Providers over the management or any other aspect of the operation of any Grantor, which ownership and control remains exclusively and at all times in the Company and such Grantor, and (ii) except for the grant of a security interest hereunder to the extent permitted by law, do not and will not constitute the transfer, assignment, or disposition in any manner, voluntarily or involuntarily, directly or indirectly, of any license at any time issued by the FCC to any Grantor ("License"), or the transfer of control of any Grantor within the meaning of Section 310 of the Communications Act of 1934, as amended.

CONTROL; LIMITATION OF RIGHTS. (a) Notwithstanding anything herein to the contrary, this Subsidiary Security Agreement, the other Loan Documents and the transactions contemplated hereby and thereby (i) do not and will not constitute, create, or have the effect of constituting or creating, directly or indirectly, actual or practical ownership of any Grantor the Company by the Agent, the Co-Agents, the Banks, any L/C Providers or any Interest Rate Providers, or control, affirmative or negative, direct or indirect, by the Agent, the Co-Agents, the Banks, any L/C Providers or any Interest Rate Providers over the management or any other aspect of the operation of any Grantorthe Company, which ownership and control remains exclusively and at all times in the shareholders of the Company and such Grantorthe Company, and (ii) except for the grant of a security interest hereunder to the extent permitted by law, do not and will not constitute the transfer, assignment, or disposition in any manner, voluntarily or involuntarily, directly or indirectly, of any license at any time issued by the FCC to any Grantor the Company ("License"), or the transfer of control of any Grantor the Company within the meaning of Section 310 of the Communications Act of 1934, as amended.

CONTROL; LIMITATION OF RIGHTS. (a) Notwithstanding anything herein to the contrary, this Subsidiary Security Pledge Agreement, the other Loan Documents, the Citicasters L/C Documents and the transactions contemplated hereby and thereby (i) do not and will not constitute, create, or have the effect of constituting or creating, directly or indirectly, actual or practical ownership of any Grantor Subsidiary by the Agent, the Co-Agents, the Banks, any L/C Providers or any Interest Rate Providers, or control, affirmative or negative, direct or indirect, by the Agent, the Co-Agents, the Banks, any L/C Providers or any Interest Rate Providers over the management or any other aspect of the operation of any GrantorSubsidiary, which ownership and control remains remain exclusively and at all times in such Subsidiary and the Company and such GrantorCompany, and (ii) except for the grant of a security interest hereunder to the extent permitted by law, do not and will not constitute the transfer, assignment, or disposition in any manner, voluntarily or involuntarily, directly or indirectly, of any license at any time issued by the FCC to any Grantor Subsidiary ("License"), or the transfer of control of any Grantor such Subsidiary within the meaning of Section 310 of the Communications Act of 1934, as amended.

CONTROL; LIMITATION OF RIGHTS. (a) Notwithstanding anything herein to the contrary, this Subsidiary Security Primary Pledge Agreement, the other Loan Documents and the transactions contemplated hereby and thereby (i) do not and will not constitute, create, or have the effect of constituting or creating, directly or indirectly, actual or practical ownership of any Grantor Subsidiary by the Agent, the Co-Agents, the Banks, any L/C Providers or any Interest Rate Providers, or control, affirmative or negative, direct or indirect, by the Agent, the Co-Agents, the Banks, any L/C Providers or any Interest Rate Providers over the management or any other aspect of the operation of any GrantorSubsidiary, which ownership and control remains remain exclusively and at all times in such Subsidiary and the Company and such GrantorCompany, and (ii) except for the grant of a security interest hereunder to the extent permitted by law, do not and will not constitute the transfer, assignment, or disposition in any manner, voluntarily or involuntarily, directly or indirectly, of any license at any time issued by the FCC to any Grantor Subsidiary ("License"), or the transfer of control of any Grantor such Subsidiary within the meaning of Section 310 of the Communications Act of 1934, as amended.