Common use of Termination of Material Licenses Clause in Contracts

Termination of Material Licenses. Any (i) material Licenses (including Broadcast Licenses) issued by the FCC shall be revoked or cancelled or expired by its terms and not be renewed, or shall be modified, in each case in a matter which would have a Material Adverse Effect, (ii) any administrative law judge or other representative of the FCC shall have issued an initial decision in any renewal or revocation proceeding to the effect that any material License should be revoked or not be renewed, or (iii) any other proceeding shall have been instituted by the FCC or shall have been commenced before any court, the FCC or any other regulatory body that could reasonably be expected to result in (A) cancellation, termination, rescission, revocation, suspension, material impairment or denial of renewal of a material License, (B) a modification of a material License in a material adverse respect or a renewal thereof on terms that materially and adversely affect the economic or commercial value or usefulness thereof or (C) a forfeiture (within the meaning of 47 C.F.R. § 1.80 of the FCC regulations) or other materially adverse effect on or with respect to any License that would reasonably be expected to have a Material Adverse Effect; or

Termination of Material Licenses. Any (i) material Licenses (including Broadcast Licenses) issued by the FCC shall be revoked or cancelled or expired by its terms and not be renewed, or shall be modified, in each case in a matter which would have a Material Adverse Effect, (ii) any administrative law judge or other representative of the FCC shall have issued an initial decision in any renewal or revocation proceeding to the effect that any material License should be revoked or not be renewed, or (iii) any other proceeding shall have been instituted by the FCC or shall have been commenced before any court, the FCC or any other regulatory body that could reasonably be expected to result in (A) cancellation, termination, rescission, revocation, suspension, material impairment or denial of renewal of a material License, (B) a modification of a material License in a material adverse respect or a renewal thereof on terms that materially and adversely affect the economic or commercial value or usefulness thereof or thereof, (C) a forfeiture (within the meaning of 47 C.F.R. § 1.80 of the FCC regulations) or other materially adverse effect on or with respect to any License that would reasonably be expected to have a Material Adverse Effect, or (D) cancellation, termination, rescission, revocation, suspension, or material impairment of the consent of the FCC to the assignment to the Borrower of the FCC Licenses associated with the Newport Stations; or

Termination of Material Licenses. Any (ia) material Licenses License (including any Broadcast LicensesLicense) issued by the FCC shall be revoked or cancelled or expired by its terms and not be renewed, or shall be modified, in each case in a matter manner which would could, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect, (iib) any administrative law judge or other representative of the FCC shall have issued an initial decision in any renewal or revocation proceeding to the effect that any material a Broadcast License should be revoked or not be renewed, or (iiic) any other proceeding shall have been instituted by the FCC or shall have been commenced before any court, the FCC or any other regulatory body that could reasonably be expected to result in (Ai) cancellation, termination, rescission, revocation, suspension, material impairment impairment, or denial of renewal of a material License, (Bii) a modification of a material License in a material adverse respect or a renewal thereof on terms that materially and adversely affect the economic or commercial value or usefulness thereof thereof, or (Ciii) a forfeiture (within the meaning of 47 C.F.R. § 1.80 of the FCC FCC’s regulations) or other materially adverse effect on or with respect to any a material License that would reasonably be expected to have a Material Adverse Effect; or.

Termination of Material Licenses. Any (i) material Licenses (including Broadcast Licenses) issued by the FCC shall be revoked or cancelled or expired by its terms and not be renewed, or shall be modified, in each case in a matter which would have a Material Adverse Effect, (ii) any administrative law judge or other representative of the FCC shall have issued an initial decision in any renewal or revocation proceeding to the effect that any material License should be revoked or not be renewed, or (iii) any other proceeding shall have been instituted by the FCC or shall have been commenced before any court, the FCC or any other regulatory body that could reasonably be expected to result in (A) cancellation, termination, rescission, revocation, suspension, material impairment or denial of renewal of a material License, (B) a modification of a material License in a material adverse respect or a renewal thereof on terms that materially and adversely affect the economic or commercial value or usefulness thereof or thereof, (C) a forfeiture (within the meaning of 47 C.F.R. § 1.80 of the FCC regulations) or other materially adverse effect on or with respect to any License that would reasonably be expected to have a Material Adverse Effect, or (D) cancellation, termination, rescission, revocation, suspension, or material impairment of the consent of the FCC to the assignment to Nexstar of the FCC Licenses associated with the Newport Stations; or

Termination of Material Licenses. Any (i) material Licenses (including Broadcast Licenses) issued by the FCC shall be revoked or cancelled or expired by its terms and not be renewed, or shall be modified, in each case in a matter which would have a Material Adverse Effect, (ii) any administrative law judge or other representative of the FCC shall have issued an initial decision in any renewal or revocation proceeding to the effect that any material License should be revoked or not be renewed, or (iii) any other proceeding shall have been instituted by the FCC or shall have been commenced before any court, the FCC or any other regulatory body that could reasonably be expected to result in (A) cancellation, termination, rescission, revocation, suspension, material impairment or denial of renewal of a material License, (B) a modification of a material License in a material adverse respect or a renewal thereof on terms that materially and adversely affect the economic or commercial value or usefulness thereof or thereof, (C) a forfeiture (within the meaning of 47 C.F.R. § 1.80 of the FCC regulations) or other materially adverse effect on or with respect to any License that would reasonably be expected to have a Material Adverse Effect, or (D) cancellation, termination, rescission, revocation, suspension, or material impairment of the consent of the FCC to the assignment to Nexstarthe Borrower of the FCC Licenses associated with the Newport Stations; or