Local Service. If for any reason, upon commencement by a DBS provider of “local-into-local” service within the geographic market served by any of Company’s or its Subsidiaries’ television stations, such television station is not automatically entitled to carriage, pursuant to an agreement with a DBS provider, then Company and the appropriate Subsidiary shall timely elect carriage on such DBS system.
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Sources: Subordinated Notes Agreement (Townsquare Media, Inc.)
Local Service. If for any reason, upon commencement by a DBS provider of “local-into-local” service within the geographic market served by any of CompanyBorrower’s or its Subsidiaries’ television stations, such television station is not automatically entitled to carriage, pursuant to an agreement with a DBS provider, then Company Borrower and the appropriate Subsidiary shall timely elect carriage on such DBS system.
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