License Sub definition

License Sub means each Subsidiary of the Borrower which has no assets other than FCC Licenses.
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License Sub means any special purpose Subsidiary of Borrower that holds FCC Licenses and “License Subs” means all such License Subs.
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License Sub means a separate, special purpose Subsidiary formed and solely owned by an Obligor owning and operating a Broadcast System for the purpose of holding, as that Subsidiary's sole asset, the FCC License(s) in respect of such Broadcast System.
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Examples of License Sub in a sentence

  • Except as set forth on Schedule 2, each FCC License is held by a License Sub.

  • The sole assets of each License Sub are Licenses used in the operation and construction of the paging business of the Borrower and the Restricted Subsidiaries and management agreements with the Borrower and such of the Restricted Subsidiaries as operate the portion of the paging system subject to the License held by it.

  • No Credit Party or License Sub has any reason to believe that the FCC Licenses listed and described in Schedule 5.1E, will not be renewed in the ordinary course.

  • Except as set forth on Schedule 3, each FCC License is held by a License Sub.

  • All information filed for or on behalf of each Credit Party and License Sub was, at the time of filing, true, correct, and complete in all material respects when made, and every Governmental Authority has been notified of any changes in such information as may be required, except where the failure to so notify would not reasonably be expected to have a Material Adverse Effect.


More Definitions of License Sub

License Sub means any one of the foregoing License Subs.
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License Sub has the meaning set forth in Section 2.1(b) hereof.
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License Sub means any special purpose Subsidiary of a Loan Party which operates one or more Stations which is created or acquired to hold the FCC Licenses for such Station or Stations and "LICENSE SUBS" means all such License Subs, collectively.
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License Sub means each Borrower or Subsidiary of a Borrower which has no assets other than FCC Licenses and shall include each of the Borrowers designated as such on ANNEX 1.
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License Sub means SBC License Corporation, an Arkansas corporation and a wholly-owned subsidiary of Cornerstone.
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License Sub shall man Motient License Inc.
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License Sub means Citadel License, Inc., a Nevada corporation.
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