Divestiture Trust definition

Divestiture Trust a trust (a) created by or on behalf of New Holdings or any Restricted Subsidiary to hold and ultimately sell assets in conjunction with any Business Acquisition or any sale or other disposition pursuant to Section 8.6(e) or (g) hereof to ensure compliance with the Communications Act or FCC rules and policies and (b) that is independently owned and managed by a Person unaffiliated with New Holdings or any Restricted Subsidiary.
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Divestiture Trust means a divestiture trust for the benefit of the party that is Transferring its Securities to such trust as is permitted by the applicable Gaming Authority to remediate any Gaming Problem.
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Divestiture Trust means any trust formed pursuant to a trust ----------------- agreement substantially in the form of Exhibit R hereto, for the purpose of holding any Radio Properties required to be sold to maintain compliance with the market limitations on radio broadcast ownership contained in the Telecommunications Act of 1966, and subject to a Binding Sale Agreement, pending the sale of such Radio Properties, of which one hundred percent (100%) of the outstanding economic interests in such trust are owned by the Borrower or a Subsidiary of the Borrower.
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Examples of Divestiture Trust in a sentence

  • Cause any of the FCC Licenses to be held at any time by any Person other than New Holdings or any of its wholly-owned Restricted Subsidiaries that are Domestic Subsidiaries (with an exception for those Stations held in a Divestiture Trust pursuant to rule, regulation or order of the FCC).

  • The Minority Party’s Securities may remain in such a Divestiture Trust while the Minority Party continues any efforts to attempt to sell its Securities during the Minority Party Vietnam Sale Period.

  • Cause any of the FCC Licenses to be held at any time by any Person other than the Borrower or any of its wholly-owned Restricted Subsidiaries that are Domestic Subsidiaries (with an exception for those Stations held in a Divestiture Trust pursuant to rule, regulation or order of the FCC).

  • Cause any of the FCC Licenses to be held at any time by any Person other than New Holdings or any of its wholly-owned Subsidiaries that are Domestic Subsidiaries (with an exception for those Stations held in a Divestiture Trust pursuant to rule, regulation or order of the FCC).

  • Following one hundred and eighty (180) days after the termination of the Majority Party Cure Period, the Minority Party or the Company may direct the Majority Party to transfer its Securities to a Divestiture Trust.

  • Following 180 days after the termination of the Majority Party Cure Period, the Minority Party or the Company may direct the Majority Party to transfer its Securities to a Divestiture Trust.

  • MB Docket No. 17-179 Divestiture Trust Application, Comprehensive Exhibit, File Nos.

  • According to the FTC, the acquisition of Biotest U.S. would also have harmed the market of Hepatitis B immune globulin as Biotest U.S. possessed the 41% of ADMA biologics, so the ownership of ADMA has been transferred to Biotest Divestiture Trust (the parent company of Biotest US, which Grifols is not buying).

  • The proposals here are compliant with FCC rules and policy and Petitioners have provided no justification for the Commission to use this transaction as a vehicle to change the law with respect to such arrangements.26Applicants reiterate that only one station (either KDNL-TV or KPLR-TV) ultimately will be placed in the Sinclair Divestiture Trust.

  • Amendment at 5 (Oklahoma City), 6-7 (Grand Rapids-Kalamazoo-Battle Creek, Michigan; Richmond- Petersburg, Virginia; Des Moines-Ames, Iowa).for all of the stations that might be divested, promising only to identify the stations that will actually be placed in the Divestiture Trust “[b]y the time the parties are ready to close theTransaction.”5 This approach is patently inadequate.


More Definitions of Divestiture Trust

Divestiture Trust means any FCC divestiture trust that is formed in connection with the Acquisitions.
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Related to Divestiture Trust

  • Divestiture Trustee means the trustee appointed by the Commission pursuant to Paragraph IV of this Order.

  • Delaware Trust Assets Purchaser means the Computershare Delaware Trust Company.

  • Master Trust means Citibank Credit Card Master Trust I.

  • Outside Servicer With respect to an Outside Serviced Mortgage Loan, the master servicer under the applicable Outside Servicing Agreement.

  • Home service provider means the facilities-based carrier or reseller with which the customer contracts for the provision of mobile telecommunications services.

  • TRS means a taxable REIT subsidiary (as defined in Section 856(l) of the Code) of the General Partner.

  • First trust means a trust over which an authorized fiduciary may exercise the decanting power.

  • Non-Lead Securitization Trust means the Securitization Trust into which any Non-Lead Securitization Note is deposited.

  • QFII means a qualified foreign institutional investor approved pursuant to the relevant PRC regulations (as amended from time to time).

  • Master Servicer Termination Test With respect to any Distribution Date, the Master Servicer Termination Test will be failed if the Cumulative Loss Percentage exceeds 4.00%.

  • Blind Trust means an independently managed trust in which the employee-beneficiary has no management rights and in which the employee-beneficiary is not given notice of alterations in or other dispositions of the property subject to the trust.

  • Countrywide Countrywide Home Loans, Inc., a New York corporation and its successors and assigns.

  • BEO means a written order issued by the Contractor to the Judicial Council that confirms the Judicial Council’s specific instructions and orders with respect to the Program on any one or more of the following, but does not alter any of the Agreement’s terms and conditions: (i) meeting and/or function room(s) and set-up requirements and/or rental charges; (ii) meal menus and prices and set-up requirements; and/or (iii) audio-visual equipment and set-up requirements and/or rental charges. BEO’s will be approved and signed by the Judicial Council’s representative, as set forth in Exhibit B.

  • MLCC Xxxxxxx Xxxxx Credit Corporation, or its successor in interest.

  • Income trust means a trust that is not a unitrust.

  • SFIs means Standing Financial Instructions.

  • Smart In accordance with the District’s agreement with FAU, SMaRT (Substituting with Mentors and Realistic Teaching) students will be used as substitute teachers in lieu of regular county substitute teachers. Lesson plans, seating charts and other related materials will be prepared and provided to SMaRT students in the same fashion and manner as required for a regular county substitute teacher. Use of a SMaRT student substitute in a classroom as proposed to regular county substitute will not create any additional procedures, preparations or work for the classroom teacher. The signed contract between FAU and District regarding these programs shall not be in conflict with parameters of this agreement.

  • Liquidating Trust Assets means the assets of a Debtor or Debtor-Controlled Entity to be transferred to a Liquidating Trust as may be determined by the Plan Administrator, which shall be described in a Liquidating Trust Agreement.

  • NCR means NCR Corporation.

  • Servicer Affiliate A Person (i) controlling, controlled by or under common control with the Servicer or which is 50% or more owned by the Servicer and (ii) which is qualified to service residential mortgage loans.

  • Countrywide Servicing Countrywide Home Loans Servicing LP, a Texas limited partnership and its successors and assigns.

  • EMC EMC Mortgage Corporation, or its successor in interest.

  • Outside Special Servicer With respect to an Outside Serviced Mortgage Loan, the special servicer under the applicable Outside Servicing Agreement.

  • Special Servicer Servicing Personnel The divisions and individuals of the Special Servicer who are involved in the performance of the duties of the Special Servicer under this Agreement.

  • Securitization Trust means a trust formed pursuant to a Securitization pursuant to which one or more of the Notes are held.

  • Non-Lead Securitization means any Securitization of a Note in a Securitization Trust other than the Lead Securitization.