Examples of Reorganized iHeart in a sentence
The New iHeart Common Stock and, if necessary, the Special Warrants shall have been issued by Reorganized iHeart.
Reorganized iHeart On the Issuance Date, the members of the New Board of Reorganized iHeart shall take office and replace the then-existing Board of Directors of iHeart.
For the avoidance of doubt, all distributions made on the Issuance Date and, thereafter, all exercises of Special Warrants and all exchanges of Stock, shall be subject to the 4.99 Percent Rule, the 22.5 Percent Rule, the Declaratory Ruling Compliance Rule, the Specific Approval Rule, the FCC’s media and foreign ownership rules, and any limitations on Stock ownership set forth in the Certificate of Incorporation of Reorganized iHeart.
If such Holder elects not to be deemed to hold an “attributable” interest in Reorganized iHeart, and is thus not identified in the FCC Long Form Applications, then such Holder shall be issued up to 4.99 percent of the issued and outstanding New iHeart Class A Common Stock, with any remaining distribution in the form of New iHeart Class B Common Stock.
The New Board of Reorganized iHeart shall consist of nine voting members.
If the New iHeart Common Stock is issued to the FCC Trust, during the period of time that the New iHeart Common Stock is held by the FCC Trust (pending the FCC’s grant of the FCC Long Form Applications), then the board of directors of Reorganized iHeart shall consist of the same individuals as the FCC Trustees.
If the FCC does not adopt a Declaratory Ruling, then Non-U.S. Holders cannot elect to convert their Special Warrants into Stock and must either hold such Special Warrants or transfer them, except to the extent that iHeart or Reorganized iHeart, as applicable, reasonably determines that such conversion will not cause a violation of the 22.5 Percent Rule, the FCC’s media and foreign ownership rules, or any limitations on Stock ownership set forth in the Certificate of Incorporation of Reorganized iHeart.
The Selection Committee shall also interview and select individuals to be nominated and elected by Reorganized iHeart immediately prior to the CCOH Separation to serve on the board of CCOH.
A prospective stockholder in Reorganized iHeart will be considered a “party” to the FCC Long Form Applications if the prospective stockholder would be deemed to hold an “attributable” interest in Reorganized iHeart under section 73.3555 of the FCC’s rules, 47 C.F.R. § 73.3555.
In other words, “strict liability for all state defamation now appears impermissible” and the plaintiff must plausibly allege, at least, that the defendant negligently published the allegedly defamatory statement.