Common use of Newport Acquisition Clause in Contracts

Newport Acquisition. The Administrative Agent shall have evidence that concurrently (or substantially simultaneously) with the funding of the Loans, the Newport Acquisition shall have been consummated in all material respects in accordance with the terms of the Nexstar Acquisition Agreement without giving effect to any modifications, amendments, consents or waivers by the Borrower thereto that are material and adverse to the Lenders or the Initial Lenders and the Arrangers (as reasonably determined by the Administrative Agent and the Arrangers) without the written prior consent of the Administrative Agent and the Arrangers (such consent not to be unreasonably withheld, delayed or conditioned).