License Sub definition
License Sub means each wholly-owned Domestic Subsidiary of the Borrower which has no assets other than FCC Licenses.
License Sub means any special purpose Subsidiary of Borrower that holds FCC Licenses and “License Subs” means all such License Subs.
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.
Examples of License Sub in a sentence
Except as set forth on Schedule 2, each FCC License is held by a License Sub.
More Definitions of License Sub
License Sub means any one of the foregoing License Subs.
License Sub has the meaning set forth in Section 2.1(b) hereof.
License Sub has the meaning set forth in the definition of Post-Closing Restructuring Transactions.
License Sub means Benedek License Corporation, a Delaware corporation, and any other Person established solely for the purpose of holding the FCC Licenses now or hereafter acquired or owned by Company, which Person shall be a wholly owned Subsidiary of Company.
License Sub shall man Motient License Inc.
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.
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.