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 FCC divestiture trust that is formed in connection with the Acquisitions.
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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.

  • Notwithstanding anything to the contrary in this Agreement, neither Holdings nor any of the Restricted Subsidiaries shall be permitted to make any Investment in KC Divestiture Trust.

  • In July 2018, BPC agreed to transfer its remaining shares of Common Stock to The Biotest Divestiture Trust (the “Biotest Trust”).

  • Borqs shall irrevocably transfer all of the HHE Interests to the Divestiture Trust simultaneously with, or immediately following, entry into the Trust Agreement.

  • Upon the disposition of any of the assets of or shares of Capital Stock of, or Indebtedness owed to the Issuer or any Restricted Subsidiary by, any Divestiture Trust, the proceeds of such disposition shall be paid to the Issuer or one of its Restricted Subsidiaries.


More Definitions of Divestiture Trust

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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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.