Common use of Unique Nature of Assets Clause in Contracts

Unique Nature of Assets. It is agreed that the FCC Licenses and other Franchises held by the Borrower and its Subsidiaries are unique assets which (or the control of which) may have to be transferred in order for the Agent adequately to realize the value of its security interest. A violation of the covenants set forth in this Section would result in irreparable harm to the Agent for which monetary damages are not readily ascertainable. Therefore, in addition to any other remedy which may be available to the Agent at law or in equity, Agent shall have the remedy of specific performance of the provisions of this Section. To enforce the provisions of this Section, the Agent is authorized to request the consent or approval of the FCC or PUC to a voluntary or an involuntary transfer of control of any FCC License or other Franchise or sale or transfer of control of a holder of an FCC License or other Franchise.

Unique Nature of Assets. It is agreed that the FCC Licenses and other Franchises held by the Borrower each Pledgor and its Subsidiaries are unique assets which (or the control of which) may have to be transferred in order for the Agent adequately to realize the value of its security interest. A violation of the covenants set forth in this Section would result in irreparable harm to the Agent for which monetary damages are not readily ascertainable. Therefore, in addition to any other remedy which may be available to the Agent at law or in equity, Agent shall have the remedy of specific performance of the provisions of this Section. To enforce the provisions of this Section, the Agent is authorized to request the consent or approval of the FCC or PUC to a voluntary or an involuntary transfer of control of any FCC License or other Franchise or sale or transfer of control of a holder of an FCC License or other Franchise.

Unique Nature of Assets. It is agreed that the FCC Licenses and other Franchises held by the Borrower Pledgor and its Subsidiaries are unique assets which (or the control of which) may have to be transferred in order for the Agent adequately to realize the value of its security interest. A violation of the covenants set forth in this Section would result in irreparable harm to the Agent for which monetary damages are not readily ascertainable. Therefore, in addition to any other remedy which may be available to the Agent at law or in equity, Agent shall have the remedy of specific performance of the provisions of this Section. To enforce the provisions of this Section, the Agent is authorized to request the consent or approval of the FCC or PUC to a voluntary or an involuntary transfer of control of any FCC License or other Franchise or sale or transfer of control of a holder of an FCC License or other Franchise.

Unique Nature of Assets. It is agreed that the FCC Licenses and other Franchises held by the Borrower and its Subsidiaries are unique assets which (or the control of which) may have to be transferred in order for the Agent adequately to realize the value of its security interest. A violation of the covenants set forth in this Section would result in irreparable harm to the Agent for which monetary damages are not readily ascertainable. Therefore, in addition to any other remedy which may be available to the Agent at law or in equity, Agent they shall have the remedy of specific performance of the provisions of this Section. To enforce the provisions of this Section, the Agent is authorized to request the consent or approval of the FCC or PUC to a voluntary or an involuntary transfer of control of any FCC License or other Franchise or sale or transfer of control of a holder of an FCC License or other Franchise.

Unique Nature of Assets. It is agreed that the FCC Licenses and other Franchises held by the Borrower and its Subsidiaries are unique assets which (or the control of which) may have to be transferred in order for the Agent adequately to realize the value of its security interest. A violation of the covenants set forth in this Section would result in irreparable harm to the Agent for which monetary damages are not readily ascertainable. Therefore, in addition to any other remedy which may be available to the Agent at law or in equity, the Agent shall have the remedy of specific performance of the provisions of this Section. To enforce the provisions of this Section, the Agent is authorized to request the consent or approval of the FCC or PUC to a voluntary or an involuntary transfer of control of any FCC License or other Franchise or sale or transfer of control of a holder of an FCC License or other Franchise.

Unique Nature of Assets. It is agreed that the FCC Licenses and other Franchises held by the Borrower each Debtor and its Subsidiaries are unique assets which (or the control of which) may have to be transferred in order for the Agent to adequately to realize the value of its security interest. A violation of the covenants set forth in this Section would result in irreparable harm to the Agent for which monetary damages are not readily ascertainable. Therefore, in addition to any other remedy which may be available to the Agent at law or in equity, Agent shall have the remedy of specific performance of the provisions of this Section. To enforce the provisions of this Section, the Agent is authorized to request the consent or approval of the FCC or any PUC to a voluntary or an involuntary transfer of control of any FCC License or other Franchise or sale or transfer of control of a holder of an FCC License or other Franchise.