License Subsidiary Sample Clauses
The License Subsidiary clause allows a licensee to extend the rights granted under a license agreement to its subsidiary companies. In practice, this means that subsidiaries, which are entities controlled by the main licensee, can use the licensed intellectual property or technology without needing separate agreements. This clause streamlines operations for corporate groups by ensuring all related entities can benefit from the license, reducing administrative burden and ensuring consistent use of the licensed material across the organization.
License Subsidiary. At any date, each Subsidiary of the Borrower, each C- ------------------ Block Subsidiary and each D-, E- and F-Block Subsidiary that holds an FCC License for a Permitted BTA, other than any C-Block Subsidiary or D-, E- and F- Block Subsidiary the pledge of the shares of Stock of which shall have been released pursuant to the applicable Security Agreement.
License Subsidiary. 11 Lien ....................................................... 11
License Subsidiary. 40 5.13 Interest Rate Protection................................................. 40 5.14
License Subsidiary. The Borrower will cause each Media License to be ------------------ transferred to the LCG License Subsidiary by May 31, 2000 and to be held by the LCG License Subsidiary at all times thereafter until the Obligations have been paid in full and all Commitments have expired. The Borrower will not permit the LCG License Subsidiary to (i) own any right, franchise or other asset except for Media Licenses (and FCC files and records with respect thereto) or (ii) engage in any business other than holding such Media License, files and records.
License Subsidiary. The wholly owned subsidiary of the Borrower to be ------------------ organized pursuant to the terms and provisions of Section 6.
License Subsidiary. The Borrower shall not, nor shall it permit any Subsidiary to, terminate, or make any amendment or modification to, any provision of, (i) subject to Sections 7(j) and 7(o), any Material Contract, (ii) any Equityholder Agreement or (iii) subject to Section 6.4 with respect to Sunset Subsidiaries, any Organic Document not referred to in the previous sentence, if such termination, amendment or modification could reasonably be expected to have a Material Adverse Effect.
License Subsidiary. At any date, each Wholly Owned Subsidiary of the ------------------ Borrower, the Omnipoint C-Block Subsidiary, the Omnipoint E-Block Subsidiary and the D&E License Subsidiary which holds an FCC License for any of the Designated BTAs, other than any Omnipoint C-Block Subsidiary, the Omnipoint E-Block Subsidiary or the D&E License Subsidiary the pledge of the shares or units of Stock of which shall have been released pursuant to the applicable Security Agreement.
License Subsidiary. The Company agrees that it shall ------------------ (i) within 30 Business Days after the Closing Date, file all appropriate applications and other regulatory filings necessary in order to transfer all of the FCC Licences held by the Company to the License Subsidiary, which License Subsidiary shall hold no other properties and assets other than such FCC Licenses for the New York PCS Network and engage in no other business other than holding such License and sublicensing such License to the Company pursuant to the Operating Agreement, and (ii) use reasonable best efforts to effectuate such transfer, by taking all reasonable actions as may be necessary, as promptly as practical after the Closing Date. Upon creation of such License Subsidiary as of the Closing Date, the License Subsidiary shall guaranty the Obligations of the Company pursuant to the Subsidiary Guaranty, the License Subsidiary shall enter into a security agreement substantially in the form of the Borrower Security Agreement (except for provisions thereof relating to lockbox accounts), and the Company shall ▇▇▇▇▇ ▇ ▇▇▇▇ on, and pledge of, all of the Capital Stock (or membership interests) of the License Subsidiary owned by the Company (representing 100% of the issued and outstanding Capital Stock or mem bership interests of the License Subsidiary) to the Collateral Agent for the benefit of the Secured Creditors, as security for the Obligations of the Company pursuant to the Borrower Pledge Agreement, and the Company shall, and shall cause such License Subsidiary to, provide authorizing resolutions, certified organizational documents and opinions of counsel in connection with the foregoing, in each case in form and substance reasonably satisfactory to the Required Holders.
License Subsidiary. The Borrower shall create or designate one or more License Subsidiaries and pledge 100% of the Equity Interests of such License Subsidiaries to the Collateral Agent for the benefit of the Secured Creditors pursuant to the respective Security Document within 30 days following the Initial Borrowing Date. The Borrower and its Subsidiaries shall transfer to the License Subsidiary or License Subsidiaries all Subject Licenses held by the Borrower and/or such Subsidiaries as of the Initial Borrowing Date within 30 days following the receipt of all necessary approvals of Governmental Authorities (which approvals the Borrower hereby agrees to use commercially reasonable efforts to obtain as soon as practicable following the Initial Borrowing Date). Following the completion of the transfer set forth in the immediately preceding sentence, the Borrower will cause all Subject Licenses at all times to be held in the name of one or more License Subsidiaries (which shall be the sole legal and beneficial owner(s) thereof). Any license issued after the Initial Borrowing Date that constitutes a Subject License shall be held in the name of a License Subsidiary (which shall be the sole legal and beneficial owner thereof).
License Subsidiary. 67 8.17 Intelsat General Corporation.....................................68