Common use of CONTROL; LIMITATION OF RIGHTS Clause in Contracts

CONTROL; LIMITATION OF RIGHTS. Notwithstanding anything herein or in any other Loan Document 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 Borrower, its Subsidiaries, or any other Loan Party by the Administrative Agent or Lenders, or control, affirmative or negative, direct or indirect, by the Administrative Agent or Lenders over the management or any other aspect of the operation of Borrower, its Subsidiaries, or any other Loan Party, which ownership or control remains exclusively and at all times in the Loan Parties, 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 Borrower, its Subsidiaries, or any other Loan Party, or the transfer of control of Borrower, its Subsidiaries, or any other Loan Party within the meaning of Section 310(d) of the Communications Act of 1934, as amended; and (b) Administrative Agent shall not, without first obtaining the approval of the FCC or any applicable PUC, take any action pursuant to any Loan Document that would constitute or result in any assignment of any Authorization or any change of control of Borrower, its Subsidiaries, or any other Loan Party, 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 Document 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 Borrower, its Subsidiaries, or any other Loan Party by the Administrative Agent Agents or Lenders, or control, affirmative or negative, direct or indirect, by the Administrative Agent Agents or Lenders over the management or any other aspect of the operation of Borrower, its Subsidiaries, or any other Loan Party, which ownership or control remains exclusively and at all times in the Loan Parties, 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 Borrower, its Subsidiaries, or any other Loan Party, or the transfer of control of Borrower, its Subsidiaries, or any other Loan Party within the meaning of Section SECTION 310(d) of the Communications Act of 1934, as amended; and (b) Administrative Agent shall not, without first obtaining the approval of the FCC or any applicable PUC, take any action pursuant to any Loan Document that would constitute or result in any assignment of any Authorization or any change of control of Borrower, its Subsidiaries, or any other Loan Party, 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 Document 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 BorrowerRestricted Borrowers, its their Subsidiaries, or any other Loan Party by the Administrative Agent Agents or Lenders, or control, affirmative or negative, direct or indirect, by the Administrative Agent Agents or Lenders over the management or any other aspect of the operation of BorrowerRestricted Borrowers, its their Subsidiaries, or any other Loan Party, which ownership or control remains exclusively and at all times in the Loan Parties, 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 Borrowerof Restricted Borrowers, its their Subsidiaries, or any other Loan Party, or the transfer of control of BorrowerRestricted Borrowers, its their Subsidiaries, or any other Loan Party within the meaning of Section 310(d) )] of the Communications Act of 1934, as amendedAct; and (b) Administrative Agent shall not, without first obtaining the approval of the FCC or any applicable PUCFranchisee, take any action pursuant to any Loan Document that would constitute or result in any assignment of any Authorization or any change of control of BorrowerRestricted Borrowers, its their Subsidiaries, or any other Loan Party, 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 PUCFranchisee), the prior approval of the FCC or any such PUCFranchisee.

CONTROL; LIMITATION OF RIGHTS. Notwithstanding anything herein or in any other Loan Document 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 Borrowerthe Borrowers, its their Restricted Subsidiaries, or any other Loan Party by the Administrative Agent Agents or the Lenders, or control, affirmative or negative, direct or indirect, by the Administrative Agent Agents or the Lenders over the management or any other aspect of the operation of Borrowerthe Borrowers, its their Subsidiaries, or any other Loan Party, which ownership or control remains exclusively and at all times in the Loan Parties, 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 of the FCC or any PUC to BorrowerBorrowers, its their Subsidiaries, or any other Loan Party, or the transfer of control of Borrowerthe Borrowers, its their Subsidiaries, or any other Loan Party within the meaning of Section 310(d) of the Communications Act of 1934, as amendedAct; and (b) the Administrative Agent shall not, without first obtaining the approval of the FCC or any applicable PUCFranchisee, take any action pursuant to any Loan Document that would constitute or result in any assignment of any Authorization or any change of control of Borrowerthe Borrowers, its their Subsidiaries, or any other Loan Party, 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 PUCFranchisee), the prior approval of the FCC or any such PUCFranchisee.