Covenant Entities definition
Examples of Covenant Entities in a sentence
The Broadcast Licenses listed in Schedule 5.21 with respect to any Station include all material authorizations, licenses and permits issued by the FCC that are required or necessary for the operation of such Station, and the conduct of the business of the Covenant Entities with respect to such Station, as now conducted.
The properties of the Covenant Entities are insured with financially sound and reputable insurance companies not Affiliates of any of the Consolidated Group Entities, in such amounts, with such deductibles and covering such risks as are customarily carried by companies engaged in similar businesses and owning similar properties in localities where such Person operates.
As of the Closing Date, Part (b) of Schedule 5.11 is a complete and accurate list of (x) all Holding Companies and all Covenant Entities and their Subsidiaries and all Variable Interest Entities and (y) with respect to the Variable Interest Entities, limited to the knowledge of the Borrower, the jurisdiction of each such Person’s incorporation, the address of its principal place of business and its U.S. taxpayer identification number.
As of the Closing Date, Part (b) of Schedule 5.11 is a complete and accurate list of all Covenant Entities and their Subsidiaries, the jurisdiction of each such Person’s incorporation, the address of its principal place of business and its U.S. taxpayer identification number.
There are no strikes, walkouts, work stoppages or other material labor disputes pending or, to the knowledge of any Holding Company or the Borrower, threatened against any Holding Company or any of the Covenant Entities, except for those as could not, individually or in the aggregate for the Covenant Entities, reasonably be expected to result in a Material Adverse Effect.
There are no strikes, walkouts, work stoppages or other material labor disputes pending or, to the knowledge of the Borrower, threatened against any of the Covenant Entities, except for those as could not, individually or in the aggregate for the Covenant Entities, reasonably be expected to result in a Material Adverse Effect.
The Covenant Entities have instituted and maintained policies and procedures designed to promote and achieve compliance with such laws.
On the Closing Date, after giving effect to the Transactions, the Covenant Entities on a consolidated basis are Solvent.
The proceeds of the Revolving Credit Loans shall be used to finance general corporate and working capital purposes of the Covenant Entities and to the extent permitted by the terms of this Agreement, any Unrestricted Subsidiaries (including, to the extent permitted hereunder, Investments, Sharing Arrangements, Capital Expenditures and Restricted Payments); provided, that in no event shall the proceeds of the Credit Extensions be used in contravention of any Law or of any Loan Document.
Schedule 5.21 accurately and completely lists, as of the Closing Date, for each Station, all Broadcast Licenses granted or assigned to the Covenant Entities, or under which the Covenant Entities have the right to operate such Station.