Common use of Franchise Required Consents Clause in Contracts

Franchise Required Consents. The aggregate number of Individual Subscribers served by the Transferred Systems in the Service Areas that are, as of the Closing Time, Transferable Service Areas shall be at least 90% of Individual Subscribers served by the Transferred Systems at such time (the "Required Threshold"); provided that if any portion of the Transferred Systems containing headends are not within such Transferable Service Areas as of the Closing Time, then any other portion of the Transferred Systems served by such headends shall be deemed not to be included in such Transferable Service Areas.

Appears in 2 contracts

Samples: Redemption Agreement (Time Warner Inc), Redemption Agreement (Time Warner Inc)

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Franchise Required Consents. The aggregate number of Individual Subscribers served by the Transferred Systems in the Service Areas that are, as of the Closing Time, Transferable Service Areas shall be at least 90% of Individual Subscribers served by the Transferred Systems at such time (the "Required Threshold"); provided that if any portion of the Transferred Systems containing headends are not within such Transferable Service Areas as of the Closing Time, then any other portion of the Transferred Systems served by such headends shall be deemed not to be included in such Transferable Service Areas.

Appears in 2 contracts

Samples: Redemption Agreement (Comcast Corp), Redemption Agreement (Comcast Corp)

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Franchise Required Consents. The aggregate number of Individual Subscribers served by the Transferred Systems in the Service Areas that are, as of the Closing Time, Transferable Service Areas shall be at least 9095% of Individual Subscribers served by the Transferred Systems at such time (the "Required ThresholdREQUIRED THRESHOLD"); provided PROVIDED that if any portion of the Transferred Systems containing headends are not within such Transferable Service Areas as of the Closing Time, then any other portion of the Transferred Systems served by such headends Required Threshold shall not be deemed not to be included in such Transferable Service Areashave been reached.

Appears in 1 contract

Samples: Tolling and Optional Redemption Agreement (Time Warner Inc)

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