Common use of Designated Subsidiaries Clause in Contracts

Designated Subsidiaries. Notwithstanding the provisions of ----------------------- paragraph (a) above, the Borrower may at any time after the date hereof designate any Subsidiary (other than a Subsidiary holding any Station Licenses or the operating assets of any Stations) as a "Designated Subsidiary" for purposes of this Agreement, by delivering to the Administrative Agent a certificate of a senior officer of the Borrower (and the Administrative Agent shall promptly deliver a copy thereof to each Lender following receipt) identifying such Subsidiary, stating that such Subsidiary shall be treated as a "Designated Subsidiary" for all purposes hereof and certifying that, after giving effect to such designation, the Borrower will be in compliance with the provisions of this Agreement applicable to such Designated Subsidiary (including the provisions of Section 7.05(f) with respect to the type of business in which a Designated Subsidiary shall be involved and the limitations upon the aggregate amount of Investments in Designated Subsidiaries therein specified), and such designation will not result in a Default hereunder. Any Subsidiary of a Designated Subsidiary shall be deemed to be a "Designated Subsidiary".

Designated Subsidiaries. Notwithstanding the provisions of ----------------------- paragraph (a) above, the Borrower The Company may at any time after the date hereof designate any Subsidiary (other than a Subsidiary holding any Station Licenses or the operating assets of any Stations) as a "Designated Subsidiary" for purposes of this AgreementIndenture, by delivering to the Administrative Agent Trustee a certificate of a senior officer of the Borrower (and the Administrative Agent shall promptly deliver a copy thereof to each Lender following receipt) Company identifying such Subsidiary, stating that such Subsidiary shall be treated as a "Designated Subsidiary" for all purposes hereof and certifying that, after giving effect to such designation, the Borrower Company will be in compliance with the provisions of this Agreement Indenture applicable to such Designated Subsidiary (including the provisions of Section 7.05(f) with respect to the type of business in which a Designated Subsidiary shall be involved and the limitations upon the aggregate amount of Investments in Designated Subsidiaries therein specified)Subsidiary, and such designation will not result in a an Event of Default hereunder; provided that the value of the capital stock, partnership or other ownership interest directly or indirectly held by the Company in Designated Subsidiaries shall not exceed at any one time an aggregate amount in excess of [$250,000,000]. Any Subsidiary of a Designated Subsidiary shall be deemed to be a "Designated Subsidiary". The Company may at any time rescind the designation of any Subsidiary as a "Designated Subsidiary" for purposes of this Agreement, by delivering to the Trustee a certificate of a senior officer identifying such Subsidiary, stating that such Subsidiary shall no longer be treated as a "Designated Subsidiary" for purposes hereof and certifying that, after giving effect to such rescission, the Company will be in compliance with the provisions of this Indenture applicable to Restricted Subsidiaries.

Designated Subsidiaries. Notwithstanding the provisions of ----------------------- paragraph (a) above, the Borrower may at any time after the date hereof designate any Subsidiary (other than a Subsidiary holding any Station Licenses or the operating assets of any Stations) as a "Designated Subsidiary" for purposes of this Agreement, by delivering to the Administrative Agent a Five Year Credit Agreement certificate of a senior officer of the Borrower (and the Administrative Agent shall promptly deliver a copy thereof to each Lender following receipt) identifying such Subsidiary, stating that such Subsidiary shall be treated as a "Designated Subsidiary" for all purposes hereof and certifying that, after giving effect to such designation, the Borrower will be in compliance with the provisions of this Agreement applicable to such Designated Subsidiary (including the provisions of Section 7.05(f6.05(f) with respect to the type of business in which a Designated Subsidiary shall be involved and the limitations upon the aggregate amount of Investments in Designated Subsidiaries therein specified), and such designation will not result in a Default hereunder. Any Subsidiary of a Designated Subsidiary shall be deemed to be a "Designated Subsidiary".

Designated Subsidiaries. Notwithstanding the provisions of ----------------------- paragraph (a) above, the Borrower may at any time after the date hereof designate any Subsidiary (other than a Subsidiary holding any Station Licenses or the operating assets of any Stations) as a "Designated Subsidiary" for purposes of this Agreement, by delivering to the Administrative Agent a certificate of a senior officer of the Borrower (and the Administrative Agent shall promptly deliver a copy thereof to each Lender following receipt) identifying such Subsidiary, stating that such Subsidiary shall be treated as a "Designated Subsidiary" for all purposes hereof and certifying that, after giving effect to such designation, the Borrower will be in compliance with the provisions of this Agreement applicable to such Designated Subsidiary (including the provisions of Section 7.05(f6.05(f) with respect to the type of business in which a Designated Subsidiary shall be involved and the limitations upon the aggregate amount of Investments in Designated Subsidiaries therein specified), and such designation will not result in a Default hereunder. Any Subsidiary of a Designated Subsidiary shall be deemed to be a "Designated Subsidiary".

Designated Subsidiaries. Notwithstanding the provisions of ----------------------- paragraph (a) above, the Borrower The Company may at any time after the date hereof designate any Subsidiary (other than a Subsidiary holding any Station Licenses or the operating assets of any Stations) as a "Designated Subsidiary" for purposes of this AgreementIndenture, by delivering to the Administrative Agent Trustee a certificate of a senior officer of the Borrower (and the Administrative Agent shall promptly deliver a copy thereof to each Lender following receipt) Company identifying such Subsidiary, stating that such Subsidiary shall be treated as a "Designated Subsidiary" for all purposes hereof and certifying that, after giving effect to such designation, the Borrower Company will be in compliance with the provisions of this Agreement Indenture applicable to such Designated Subsidiary (including the provisions of Section 7.05(f) with respect to the type of business in which a Designated Subsidiary shall be involved and the limitations upon the aggregate amount of Investments in Designated Subsidiaries therein specified)Subsidiary, and such designation will not result in a an Event of Default hereunder; provided that the value of the capital stock, partnership or other ownership interest directly or indirectly held by the Company in Designated Subsidiaries shall not exceed at any one time an aggregate amount in excess of $250,000,000. Any Subsidiary of a Designated Subsidiary shall be deemed to be a "Designated Subsidiary". The Company may at any time rescind the designation of any Subsidiary as a "Designated Subsidiary" for purposes of this Agreement, by delivering to the Trustee a certificate of a senior officer identifying such Subsidiary, stating that such Subsidiary shall no longer be treated as a "Designated Subsidiary" for purposes hereof and certifying that, after giving effect to such rescission, the Company will be in compliance with the provisions of this Indenture applicable to Restricted Subsidiaries.