Examples of Nexstar Media in a sentence
The Borrower shall not, and shall not permit any Covenant Entity to modify, change, amend, or terminate, any of the provisions of any Nexstar/VIE Agreement with Nexstar Media or any of its Subsidiaries or any material Channel Sharing Agreement if any such modification, change, amendment or termination could reasonably be expected to be materially adverse to the interests of the Lenders.
Notwithstanding anything herein or in any Loan Document to the contrary, a Variable Interest Entity of Nexstar Media may become a “VIE Borrower” hereunder in accordance with the terms of Section 10.26 of the Nexstar Credit Agreement.
The Nexstar Borrower has agreed to guarantee, and cause Nexstar Media and certain of its Subsidiaries to guarantee, the obligations of each VIE Borrower under the applicable VIE Credit Agreement and certain hedging/cash management obligations of each such VIE Borrower.
Sook, Chairman, President and Chief Executive Officer of Nexstar Media Group, Inc.
The designation of any Restricted Subsidiary of Nexstar Media as an Unrestricted Subsidiary shall constitute an Investment by the applicable Covenant Entity at the date of designation in an amount equal to the fair market value of such Covenant Entity’s Investment therein.
In addition and notwithstanding any provision herein or in any Group Loan Document to the contrary, each VIE Borrower shall be deemed to be a Variable Interest Entity of Nexstar Media for so long as the applicable VIE Credit Agreement remains outstanding irrespective of any change in GAAP.
The Nexstar Borrower has agreed to guarantee, and cause Nexstar Media, the other Holding Companies and certain of Nexstar Media’s Restricted Subsidiaries to guarantee, the obligations of each VIE Borrower under the applicable VIE Credit Agreement and certain hedging/cash management obligations of each such VIE Borrower.
The designation of any Unrestricted Subsidiary as a Restricted Subsidiary of Nexstar Media shall constitute the incurrence at the time of designation of any Indebtedness or Liens of such Subsidiary existing at such time.
All material Nexstar/VIE Agreements entered into between Nexstar Media or any of its Subsidiaries with each Material VIE that are effective on the Closing Date are listed on Schedule 5.22, and full and complete copies thereof have been delivered to the Administrative Agent.
Sook, Chairman and Chief Executive Officer of Nexstar Media Group, Inc.