Examples of State PUCs in a sentence
The Borrowers and their Subsidiaries possess all registrations, licenses, authorizations, and certifications issued by the FCC and State PUCs necessary to conduct their respective businesses as currently conducted.
Each of the Parent and its subsidiaries is in compliance with all laws, regulations (including the Communications Act and State Law) and orders of any Governmental Authority (including the FCC and State PUCs) applicable to it or its property and all indentures, agreements and other instruments binding upon it or its property, except, in each case, where the failure to do so, individually or in the aggregate, would not reasonably be expected to result in a Material Adverse Effect.
The required FCC Applications were filed prior to the date of this Plan, as were applications seeking the consent of State PUCs with jurisdiction over the Reorganized Debtors to the transactions contemplated by the Reorganization Transaction (which, for the avoidance of doubt, excludes any transactions which may occur on or after the Exercise Date, as defined in the Equity Allocation Mechanism).
All material licenses and authorizations issued by the FCC and State PUCs required for the operations of the Borrowers and their Subsidiaries are in full force and effect (the “FCC Licenses” and the “State PUC Licenses”).
The Debtors have submitted the FCC Applications to obtain consent to the ownership changes described herein in addition to submitting applications to the requisite State PUCs.
Consolidated and its subsidiaries possess all material licenses and authorizations issued by the FCC, State PUCs, and LFAs necessary to conduct their respective businesses as currently conducted (collectively, the “Licenses”) and such Licenses are in full force and effect in accordance with their terms.
Each of the Borrower and the Subsidiaries is in compliance with all laws, regulations (including the Communications Act and State Law) and orders of any Governmental Authority (including the FCC and State PUCs) applicable to it or its property and all indentures, agreements and other instruments binding upon it or its property, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect.
The FCC and certain State PUCs require that entities holding such authorizations obtain prior consent in the event of a material change in the equity ownership of a licensed entity,3 which will be triggered upon the issuance of the New Equity Interests and the cancellation of the Debtors’ existing equity on the Effective Date.
The FCC and applicable State PUCs must grant such applications as a condition to a holder of a Special Warrant exercising its rights thereunder.
If the Closing shall not have occurred for any reason within any applicable initial consummation period relating to the FCC's or the State PUCs grant of the FCC/State PUC Applications, and neither ATX nor CoreComm shall have terminated this Agreement pursuant to Section 8.1, CoreComm and ATX shall jointly request one or more extensions of the consummation period of such grant.