Examples of Reorganized iHeart in a sentence
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.
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.
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.
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.
Φ′′ + [(A + B + 1)λ − C]Φ′ + ABΦ = 0, (25)where A = −N, B = −a3, C = a2 + p − N + 1 = a2 + a4 − 2(p − 1) =−(a1 + a3).
The local radio ownership rule, described below, could give rise to a prohibited combination for Reorganized iHeart or for a prospective stockholder of Reorganized iHeart.
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.
Because the FCC licenses controlled by Reorganized iHeart will be held by licensee subsidiaries, in the event that a Declaratory Ruling is not granted prior to the Issuance Date, the 22.5 percent threshold will be below the statutory maximum of 25 percent foreign ownership permitted under FCC law and accordingly will promote the liquidity of Reorganized iHeart’s stock.
The Debtors, in consultation with the Required Consenting Senior Creditors, shall review such information to assess whether permitting such party to hold New iHeart Common Stock could impair the qualifications of Reorganized iHeart to hold FCC broadcast licenses.