Station Servicing Arrangement means any arrangement or transaction evidenced by any Joint Sales Agreement, Local Marketing Agreement, Shared Services Agreement or similar agreement or instrument under which the Borrower or any of its Restricted Subsidiaries provides services or obtains the right to provide programming to, or sells advertising availabilities on, a television broadcast station of another Person (other than the Borrower or any of its Restricted Subsidiaries).
Examples of Station Servicing Arrangement in a sentence
Pending FCC approval of the Acquisition (the “FCC Consent”), the Borrower or another Credit Party shall enter into Local Marketing Agreements to govern a Station Servicing Arrangement with regard to each of the Target Stations (each such Local Marketing Agreement, a “Diversified LMA”).