Liberty Media Exchange Sample Clauses
The 'Liberty Media Exchange' clause establishes the terms under which parties may transfer or exchange media rights or assets within the scope of the agreement. Typically, this clause outlines the procedures, conditions, and any necessary approvals required for such exchanges, ensuring that all parties are aware of their rights and obligations when engaging in these transactions. By providing a clear framework for media exchanges, the clause helps prevent disputes, facilitates smooth transactions, and ensures that all exchanges are conducted in accordance with the agreed-upon terms.
Liberty Media Exchange. Following the Redemption, Liberty Media will exchange the LSXM Group Attributed SplitCo Shares with one or more third party lenders for satisfaction of certain debt obligations of Liberty Media attributed to the Liberty SiriusXM Group at the time of the exchange that are held by such third party lenders. If market and general economic conditions do not support the consummation of the Liberty Media Exchange with respect to any or all of the LSXM Group Attributed SplitCo Shares, Liberty Media will dispose of any LSXM Group Attributed SplitCo Shares that are not part of the Liberty Media Exchange in one or more public or private sale transactions. The Liberty Media Exchange (or, if applicable, any sales of LSXM Group Attributed SplitCo Shares) will occur no later than the one year anniversary of the Redemption Date.