NEXSTAR MEDIA GROUP, INC. - FORM 8-K - EX-10.1 - NXST EXHIBIT 10.1

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8-K - NXST BANK AGREEMENT 8-K - NEXSTAR MEDIA GROUP, INC.	nxstbankagreement8-k.htm

Final Execution Version

SECOND AMENDMENT TO FOURTH

AMENDED AND RESTATED CREDIT AGREEMENT

This SECOND AMENDMENT TO FOURTH AMENDED AND RESTATED CREDIT AGREEMENT, dated as of October 8, 2009 (this "Amendment"), is by and among (a) NEXSTAR BROADCASTING, INC. (the "Borrower"), a Delaware corporation, (b) NEXSTAR BROADCASTING GROUP, INC. (the "Ultimate Parent"), a Delaware corporation, (c) NEXSTAR FINANCE HOLDINGS, INC. ("Nexstar Finance Holdings"), a Delaware corporation, (d) certain Lenders (as defined below) and (e) BANK OF AMERICA, N.A., as administrative agent (the "Administrative Agent") for itself and the other Lenders party to that certain Fourth Amended and Restated Credit Agreement, dated April 1, 2005, as amended by that certain First Amendment to Credit Agreement, dated as of October 18, 2005 (as further amended, supplemented, and restated or otherwise modified and in effect from time to time, the "Credit Agreement"), by and among the Borrower, the Ultimate Parent, Nexstar Finance Holdings, the lending institutions party thereto (the "Lenders"), the Administrative Agent. Capitalized terms used herein without definition shall have the meanings assigned to such terms in the Credit Agreement as set forth on Annex I.

WHEREAS, the Borrower, the Ultimate Parent, Nexstar Finance Holdings, the Majority Lenders and the Administrative Agent have agreed to modify certain terms and conditions of the Credit Agreement as specifically set forth in this Amendment;

NOW THEREFORE, in consideration of the foregoing premises and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Borrower, the Ultimate Parent, Nexstar Finance Holdings, the Lenders and the Administrative Agent hereby agree as follows:

Sec.1. Amendment to Credit Agreement. The Credit Agreement is hereby amended in its entirety and replaced with the document attached hereto as Annex I.

Sec.2. Amendment to Exhibit C to Credit Agreement. Exhibit C to the Credit Agreement is hereby amended in its entirety and replaced with the document attached hereto as Exhibit C to Annex II.

Sec.3. Amendment to Exhibit G to Credit Agreement. Exhibit G to the Credit Agreement is hereby amended in its entirety and replaced with the document attached hereto as Exhibit G to Annex II.

Sec.4. Amendment to Schedule 1.01(B) to Credit Agreement. Schedule 1.01(B) to the Credit Agreement is hereby amended in its entirety and replaced with the document attached hereto as Schedule 1.01(B) to Annex II.

Sec.5. Amendment to Schedule 5.09 to Credit Agreement. Schedule 5.09 to the Credit Agreement is hereby amended in its entirety and replaced with the document attached hereto as Schedule 5.09 to Annex II.

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Sec.6. Amendment to Schedule 5.16 to Credit Agreement. Schedule 5.16 to the Credit Agreement is hereby amended in its entirety and replaced with the document attached hereto as Schedule 5.16 to Annex II.

Sec.7. Amendment to Schedule 5.17 to Credit Agreement. Schedule 5.17 to the Credit Agreement is hereby amended in its entirety and replaced with the document attached hereto as Schedule 5.17 to Annex II.

Sec.8. Amendment to Schedule 5.21 to Credit Agreement. Schedule 5.21 to the Credit Agreement is hereby amended in its entirety and replaced with the document attached hereto as Schedule 5.21 to Annex II.

Sec.9. Amendment to Schedule 7.05(a) to Credit Agreement. Schedule 7.05(a) to the Credit Agreement is hereby amended in its entirety and replaced with the document attached hereto as Schedule 7.05(l) to Annex II.

Sec.10. Amendment to Schedule 7.11 to Credit Agreement. Schedule 7.11 to the Credit Agreement is hereby amended in its entirety and replaced with the document attached hereto as Schedule 7.11 to Annex II.

Sec.11. Amendment to Add a New Schedule 1.01(A) to Credit Agreement. A new Schedule 1.01(A) to the Credit Agreement is hereby added in its entirety in the form attached hereto as Schedule 1.01(A) to Annex II.

Sec.12. Amendment to Add a New Schedule 5.17(c) to Credit Agreement. A new Schedule 5.17(c) to the Credit Agreement is hereby added in its entirety in the form attached hereto as Schedule 5.17(c) to Annex II.

Sec.13. Amendment to Add a New Schedule 6.17(a) to Credit Agreement. A new Schedule 6.17(a) to the Credit Agreement is hereby added in its entirety in the form attached hereto as Schedule 6.17(a) to Annex II.

Sec.14. Amendment to Add a New Schedule 6.17(b) to Credit Agreement. A new Schedule 6.17(b) to the Credit Agreement is hereby added in its entirety in the form attached hereto as Schedule 6.17(b) to Annex II.

Sec.15. Amendment to Add a New Schedule 7.02 to Credit Agreement. A new Schedule 7.02 to the Credit Agreement is hereby added in its entirety in the form attached hereto as Schedule 7.02 to Annex II.

Sec.16. Amendment to Add a New Schedule 7.06 to Credit Agreement. A new Schedule 7.06 to the Credit Agreement is hereby added in its entirety in the form attached hereto as Schedule 7.06 to Annex II.

Sec.17. Amendment to Add a New Schedule 8.01(a) to Credit Agreement. A new Schedule 8.01(a) to the Credit Agreement is hereby added in its entirety in the form attached hereto as Schedule 8.01(a) to Annex II.

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Sec.18. Amendment to Add a New Schedule 8.01(b) to Credit Agreement. A new Schedule 8.01(b) to the Credit Agreement is hereby added in its entirety in the form attached hereto as Schedule 8.01(b) to Annex II.

Sec.19. One-time Limited Waiver. In accordance with Section 10.01 of the Credit Agreement, the Administrative Agent, the Majority Lenders and the Majority Revolver Lenders hereby agree to waive any Default arising under Section 8.01(c) or Section 8.01(e) of the Credit Agreement as a result of any breach of Section 7.09(a) or (b) of the Credit Agreement, but only to the extent such breach occurred during the period from July 1, 2009 through the Second Amendment Effective Date. This waiver shall be effective only for the specific instance and for the specific purpose set forth herein. Except as set forth in this Section 19, nothing in this Amendment constitutes a waiver of (i) any existing or future Defaults under the Loan Documents or (ii) any other provision of the Credit Agreement or other Loan Documents.

Sec.20. Conditions to Effectiveness. This Amendment shall become effective as of the date set forth above upon the receipt by the Administrative Agent of the following items:

(a) there shall exist no Default immediately after giving effect to this Amendment; and

(b) the Administrative Agent shall have received a counterpart signature page to this Amendment, duly executed and delivered by the Borrower, the Ultimate Parent, Nexstar Finance Holdings, each Guarantor, the Majority Lenders, the Majority Revolver Lenders and Majority Term B Lenders; and

(c) the Administrative Agent and the Lenders shall have received a legal opinion of counsel to the Credit Parties, which shall be in form, scope and substance reasonably satisfactory to the Administrative Agent and include, without limitation (i) opinions regarding FCC matters, and (ii) an unqualified no conflicts opinion with respect to (A) the Credit Agreement, (B) the Loan Documents, (C) the Mission Loan Documents, and (D) all public and other indebtedness of each Nexstar Entity and each Mission Entity, including without limitation, the Unsecured Notes; and

(d) the representations and warranties set forth in Section 22 of this Amendment shall be true and correct as of the date of this Amendment; and

(e) the Administrative Agent shall have received, in form and substance reasonably acceptable to it, all resolutions, incumbency certificates, certificates of no default, and such other certificates and documents as reasonably requested by the Administrative Agent or Majority Lenders; and

(f) the Administrative Agent shall have received, for the pro rata account of the Lenders timely executing and delivering a signature page to this Amendment, an amendment fee equal to one hundred basis points (1.00%) of the Commitment of, and outstanding principal amount of the Term B Loan held by, each such Lender; and

(g) the Administrative Agent shall have received all other invoiced fees and expenses due and owing in connection with this Amendment; and

(h) amendments and restatements of each of the Security Documents and each Guaranty Agreement, and, at the request of the Administrative Agent, confirmations and affirmations of any of the other Loan Documents by the applicable Credit Parties, in each case reasonably acceptable to the Administrative Agent and the Majority Lenders, provided that, amendments and restatements of the Security Documents and Guaranty Agreements shall contain a provision incorporating by reference all covenants and agreements of the Borrower and the Mission Borrower contained in Articles VI and VII of the Credit Agreement and the Mission Credit Agreement (including all exhibits, schedules and defined terms referred to therein) and all such covenants and agreements so incorporated shall survive any termination, cancellation, discharge or replacement of either (i) the Credit Agreement or (ii) the Mission Credit Agreement); and

(i) the Administrative Agent shall have received a duly-executed First Amendment to the Mission Credit Agreement on terms acceptable to the Administrative Agent and Majority Lenders; and

(j) evidence satisfactory to the Administrative Agent of the removal of all anti-assignment or anti-encumbrance clauses in all Nexstar/Mission Agreements; and

(k) the Administrative Agent shall have received a Compliance Certificate in the form of Exhibit C attached hereto, which attaches a schedule in form and detail reasonably satisfactory to the Administrative Agent of Consolidated Total Debt, Consolidated Operating Cash Flow, Consolidated Net Income, Consolidated Total Leverage Ratio, Consolidated Senior Leverage Ratio, Consolidated Interest Coverage Ratio, Consolidated Fixed Charge Coverage Ratio and other financial covenant related calculations, each calculated pursuant to the applicable definitions set forth in the Credit Agreement attached as Annex I hereto and as of the date hereof (provided that with respect to Consolidated Operating Cash Flow and Consolidated Net Income, such calculation shall be for the Measurement Period ending on the last day of the most recently completed fiscal quarter of the Borrower for which financial statements have been delivered) in each case demonstrating compliance with the applicable financial covenants set forth in Section 7.09 of the Credit Agreement as set forth in Annex I hereto, prepared by the principal financial or accounting officer of the Borrower; and

(l) the Borrower shall have paid all reasonable invoiced fees and expenses of the Administrative Agent's counsel, Winstead PC.

Sec.21. Affirmation of Nexstar Entities. Each of the Nexstar Entities hereby affirms its Obligations under the Credit Agreement, each of the other Loan Documents to which each is a party, and each of the Mission Loan Documents to which each is a party, and each hereby affirms its absolute and unconditional promise to pay to the Lenders the Loans and all other amounts due (i) under the Credit Agreement (as amended hereby) and the other Loan Documents and (ii) under the Mission Credit Agreement and the Mission Loan Documents.

Sec.22. Representations and Warranties. Each of the Nexstar Entities represents and warrants to the Administrative Agent and the Lenders as follows:

(a) Representations and Warranties. Each of the representations and warranties contained in Article V of the Credit Agreement were true and correct in all material respects (except to the extent such representations and warranties are already qualified by materiality, in which case, such representations and warranties were true and correct in all respects) when made. Each of the representations and warranties contained in Article V of the Credit Agreement are true and correct in all material respects on and as of the date hereof (giving effect to this Amendment and giving effect to the amended and added Schedules to the Credit Agreement attached in Annex II hereto), except to the extent such representations and warranties are already qualified by materiality, in which case, such representations and warranties are true and correct in all respects and to the extent that such representations and warranties relate specifically to a prior date. Each of the Schedules attached to the Credit Agreement, as amended by this Amendment, and attached to each of the Loan Documents as amended in connection with this Amendment, reflects disclosures and information that is true, complete and accurate.

(b) Enforceability. The execution and delivery by the Nexstar Entities of this Amendment, and the performance by the Nexstar Entities of this Amendment and the Credit Agreement, as amended hereby, and each of the Loan Documents (and amendments, restatements and substitutions therefore in connection with this Amendment) are within the corporate authority of each of the Nexstar Entities and have been duly authorized by all necessary corporate proceedings. This Amendment and the Credit Agreement, as amended, and each of the Loan Documents (and amendments, restatements and substitutions therefore in connection with this Amendment) hereby, constitute valid and legally binding obligations of each of the Nexstar Entities, enforceable against it in accordance with their terms, except as limited by bankruptcy, insolvency, reorganization, moratorium or similar laws relating to or affecting the enforcement of creditors' rights in general.

(c) No Default. After giving effect to this Amendment, no Default has occurred and is continuing, and no Default will result from the execution, delivery and performance by the Nexstar Entities of this Amendment, the other Loan Documents or from the consummation of the transactions contemplated herein.

(d) Disclosure. None of the information provided to the Administrative Agent and the Lenders on or prior to the date of this Amendment contained any untrue statement of material fact or omitted to state any material fact (known to any of the Nexstar Entities in the case of any document or information not furnished by any such Nexstar Entity) necessary in order to make the statements herein or therein not misleading. On the date hereof, none of the Nexstar Entities possess any material information with respect to the operations, business, assets, properties, liabilities (actual or contingent) or financial condition of the Nexstar Entities taken as a whole as to which the Lenders do not have access.

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Sec.23. No Other Amendments, etc. Except as expressly provided in this Amendment, (a) all of the terms and conditions of the Credit Agreement and the other Loan Documents (as amended and restated in connection herewith, if applicable) remain unchanged, and (b) all of the terms and conditions of the Credit Agreement, as amended hereby, and of the other Loan Documents (as amended and restated in connection herewith, if applicable) are hereby ratified and confirmed and remain in full force and effect. Nothing herein shall be construed to be an amendment, consent or a waiver of any requirements of any Nexstar Entity or of any other Person under the Credit Agreement or any of the other Loan Documents except as expressly set forth herein or pursuant to a written agreement executed in connection herewith. Nothing in this Amendment shall be construed to imply any willingness on the part of the Administrative Agent or any Lender to grant any similar or future amendment, consent or waiver of any of the terms and conditions of the Credit Agreement or the other Loan Documents.

Sec.24. Release. In order to induce the Administrative Agent and the Lenders to enter into this Amendment, each of the Nexstar Entities acknowledges and agrees that: (i) none of the Nexstar Entities, Credit Parties or any of their Affiliates have any claim or cause of action against the Administrative Agent or any Lender (or any of their respective directors, officers, employees or agents); (ii) none of the Nexstar Entities, Credit Parties or any of their Affiliates have any offset right, counterclaim, right of recoupment or any defense of any kind against the Nexstar Entities', Credit Parties' or any of their Affiliates' obligations, indebtedness or liabilities to the Administrative Agent or any Lender; and (iii) each of the Administrative Agent and the Lenders has heretofore properly performed and satisfied in a timely manner all of its obligations to the Nexstar Entities, Credit Parties and any of their Affiliates. Each of the Nexstar Entities, Credit Parties and their Affiliates wishes to eliminate any possibility that any past conditions, acts, omissions, events, circumstances or matters would impair or otherwise adversely affect any of the Administrative Agent's and the Lenders' rights, interests, contracts, collateral security or remedies. Therefore, each of the Nexstar Entities, Credit Parties and each of their Affiliates unconditionally releases, waives and forever discharges (A) any and all liabilities, obligations, duties, promises or indebtedness of any kind of the Administrative Agent or any Lender to the Borrower, except the obligations to be performed by the Administrative Agent or any Lender on or after the date hereof as expressly stated in this Amendment, the Credit Agreement and the other Loan Documents, and (B) all claims, offsets, causes of action, right of recoupment, suits or defenses of any kind whatsoever (if any), whether arising at law or in equity, whether known or unknown, which any Nexstar Entity, Credit Party or any of their Affiliates might otherwise have against the Administrative Agent, any Lender or any of their respective directors, officers, employees or agents (the Administrative Agent, the Lenders and their respective directors, officers, employees and agents, are collectively referred to herein as the "Lender Parties") in either case (A) or (B), on account of any past or presently existing condition, act, omission, event, contract, liability, obligation, indebtedness, claim, cause of action, defense, circumstance or matter of any kind. Each of the Nexstar Entities, Credit Parties and each of their Affiliates agree not to sue any of the Lender Parties or in any way assist any other person or entity in suing any of the Lender Parties with respect to any claim released herein. This release provision may be pleaded as a full and complete defense to, and may be used as the basis for an injunction against, any action, suit, or other proceeding which may be instituted, prosecuted, or attempted in breach of the release contained herein

Sec.25. Execution in Counterparts. This Amendment may be executed in any number of counterparts and by each party on a separate counterpart, each of which when so executed and delivered shall be an original, but all of which together shall constitute one instrument. In proving this Amendment, it shall not be necessary to produce or account for more than one such counterpart signed by the party against whom enforcement is sought.

Sec.26. Interpretation. This Amendment, the Credit Agreement and the other Loan Documents are the result of negotiation among, and have been reviewed by counsel to, among others, the Administrative Agent and the Borrower and are the product of discussions and negotiations among all parties. Accordingly, this Amendment, Credit Agreement and the other Loan Documents are not intended to be construed against the Administrative Agent or any of the Lenders merely on account of the Administrative Agent's or any Lender's involvement in the preparation of such documents.

Sec.27. Loan Document. This Amendment is a Loan Document under the terms of the Credit Agreement, and any breach of any provision of this Amendment shall be a Default under the Credit Agreement (as applicable).

Sec.28. Consent regarding Security Documents and Guaranty Agreements. The Majority Lenders and Majority Revolver Lenders hereby consent to amendments and restatements of each of the Security Documents and the Guaranty Agreements to conform to the provisions of this Amendment. The Majority Lenders and Majority Revolver Lenders hereby authorize the Collateral Agent and the Administrative Agent, on behalf of the Lenders, to execute and deliver such amendments and restatements to each of the Security Documents and each of the Guaranty Agreements.

Sec.29. Miscellaneous. This Amendment shall be governed by, an construed in accordance with, the law of the State of New York applicable to agreements made and to be performed entirely within such state; provided that the Administrative Agent and each Lender shall retain all rights arising under Federal Law. The captions in this Amendment are for convenience of reference only and shall not define or limit the provisions hereof. The Borrower agrees to pay to the Administrative Agent, on demand by the Administrative Agent, all reasonable costs and expenses incurred or sustained by the Administrative Agent in connection with the preparation of this Amendment, including reasonable legal fees in accordance with Section 10.04 of the Credit Agreement.

[Remainder of Page Intentionally Left Blank]

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IN WITNESS WHEREOF, the undersigned have duly executed this Amendment as a sealed instrument as of the date first set forth above.

The Borrower:

NEXSTAR BROADCASTING, INC.

By: /s/ Shirley E. Green

Name: Shirley E. Green

Title: Secretary & VP Controller

The Parent Guarantors:

NEXSTAR BROADCASTING GROUP, INC.

By: /s/ Shirley E. Green

Name: Shirley E. Green

Title: Secretary & VP Controller

NEXSTAR FINANCE HOLDINGS, INC.

By: /s/ Shirley E. Green

Name: Shirley E. Green

Title: Secretary & VP Controller

[Signature Page to Second Amendment to

Fourth Amended and Restated Credit Agreement]

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The Administrative Agent:

BANK OF AMERICA, N.A.,

as Administrative Agent

By: /s/ Renita Cummings

Name: Renita Cummings

Title: Assistant Vice President

The Lenders:

BANK OF AMERICA, N.A.,

as a Lender

By:

Name:

Title:

The Administrative Agent:

BANK OF AMERICA, N.A.,

as Administrative Agent

By:

Name:

Title:

The Lenders:

BANK OF AMERICA, N.A.,

as a Lender

By: /s/ Ross Evans

Name: Ross Evans

Title: Senior Vice President

[Signature Page to Second Amendment to

Fourth Amended and Restated Credit Agreement]

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The Lenders:

ARES IIIR/IVR CLO LTD, as a Lender

ARES IIIR/IVR CLO LTD.

By: ARES CLO MANAGEMENT IIIR/IVR L.P.

By: ARES CLO GP IIIR/IVR, LLC, ITS GENERAL PARTNER

By: ARES MAMAGEMENT LLC, ITS MANAGER

By: /s/ Americo Cascella

Name: Americo Cascella

Title: Vice President

The Lenders:

Ares VR CLO, Ltd, as a Lender

Ares VR CLO, Ltd

By: ARES CLO Management VR, L.P.,

Investment Manager

By: Ares CLO GP VR, LLC,

Its General Partner

By: /s/ Americo Cascella

Name: Americo Cascella

Title: Vice President

The Lenders:

Ares VIII CLO, Ltd, as a Lender

Ares VIII CLO, Ltd

By: ARES CLO Management VIII, L.P.,

Investment Manager

By: Ares CLO GP VIII, LLC,

Its General Partner

By: /s/ Americo Cascella

Name: Americo Cascella

Title: Vice President

The Lenders:

Ares XI CLO, Ltd, as a Lender

Ares XI CLO, Ltd

By: ARES CLO Management XI, L.P.,

Investment Manager

By: Ares CLO GP XI, LLC,

Its General Partner

By: /s/ Americo Cascella

Name: Americo Cascella

Title: Vice President

The Lenders:

Ares IX CLO, Ltd, as a Lender

Ares IX CLO, Ltd

By: ARES CLO Management IX, L.P.,

By: Ares CLO GP IX, LLC, ITS GENERAL PARTNER

By: Ares MANAGEMENT LLC, ITS MANAGER

By: /s/ Americo Cascella

Name: Americo Cascella

Title: Vice President

The Lenders:

ARES ENHANCED LOAN INVESTMENT STRATEGY IR LTD, as a Lender

ARES ENHANCED LOAN INVESTMENT STRATEGY IR LTD.

By: ARES ENHANCED LOAN MANAGEMENT IR, L.P., as Portfolio Manager

By: Ares Enhanced Loan IR GP, LLC, as its General Partner

By: Ares Management LLC, as its Manager

By: /s/ Americo Cascella

Name: Americo Cascella

Title: Vice President

The Lenders:

Atrium IV

Atrium V

Castle Garden

Credit Suisse Syndicated Loan Fund

Credit Suisse Senior Loan Fund

CSAM Funding I

CSAM Funding III

CSAM Funding IV

Madison Park Funding I Ltd.

Madison Park Funding II Ltd.

Madison Park Funding III Ltd.

Madison Park Funding IV Ltd.

Madison Park Funding V Ltd.

Madison Park Funding VI Ltd., as a Lender

By: /s/ Linda Karn

Name: Linda Karn

Title: Authorized Signatory

The Lenders:

BABSON CLO LTD. 2004-I

BABSON CLO LTD. 2004-II

BABSON CLO LTD. 2005-I

BABSON CLO LTD. 2006-II

BABSON MID-MARKET CLO LTD. 2007-II

SAPPHIRE VALLEY CDO I, LTD.

By: Babson Capital Management LLC as Collateral Manager

By: /s/ Kenneth M Gacevich

Name: Kenneth M Gacevich

Title: Managing Director

CASCADE INVESTMENT LLC

HOLLY INVESTMENT CORPORATION

MAPLEWOOD (CAYMAN) LIMITED

OLYMPIC PARK LIMITED

BABSON CAPITAL LOAN PARTNERS I, LP

By: Babson Capital Management LLC as Investment Manager

By: /s/ Kenneth M Gacevich

Name: Kenneth M Gacevich

Title: Managing Director

MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY

BILL & MELINDA GATES FOUNDATION TRUST

By: Babson Capital Management LLC as Investment Adviser

By: /s/ Kenneth M Gacevich

Name: Kenneth M Gacevich

Title: Managing Director

XELO VII LIMITED

By: Babson Capital Management LLC as Sub-Advisor

By: /s/ Kenneth M Gacevich

Name: Kenneth M Gacevich

Title: Managing Director

The Lenders:

BIG SKY III SENIOR LOAN TRUST, LENDER

By: EATON VANCE MANAGEMENT

AS INVESTMENT ADVISOR

By: /s/ Michael B Botthoff

Name: Michael B Botthoff

Title: Vice President

The Lenders:

BlackRock Floating Rate Income Trust

BlackRock Limited Duration Income Trust

BlackRock Senior Income Series

BlackRock Senior Income Series II

Magnetite V CLO, Limited, as a Lender

By: /s/ Zachary Alpern

Name: Zachary Alpern

Title: Authorized Signatory

CALYON, NEW YORK BRANCH,

as a Lender

By: /s/ Tanya Crossley

Name: Tanya Crossley

Title: Managing Director

By: /s/ Priya Vrat

Name: Priya Vrat

Title: Director

The Lenders:

Commingled Pension Trust Fund (High Yield Bond)

of JP Morgan Chase Bank NA

By: /s/ William Morgan

Name: William Morgan

Title: Managing Director

The Lenders:

Credit Suisse Candlewood Private Finance Master Fund Ltd,

as a Lender

By: /s/ Michael Lau

Name: Michael Lau

Title: Authorized Signatory

The Lenders:

Eaton Vance CDO VIII, Ltd.

By: Eaton Vance Management

as Investment Advisor

By: /s/ Michael B Botthoff

Name: Michael B Botthoff

Title: Vice President

The Lenders:

Eaton Vance CDO IX, Ltd.

By: Eaton Vance Management

as Investment Advisor

By: /s/ Michael B Botthoff

Name: Michael B Botthoff

Title: Vice President

The Lenders:

Eaton Vance Floating Rate Income Trust

By: Eaton Vance Management

as Investment Advisor

By: /s/ Michael B Botthoff

Name: Michael B Botthoff

Title: Vice President

The Lenders:

Eaton Vance Institutional Senior Loan Fund

By: Eaton Vance Management

as Investment Advisor

By: /s/ Michael B Botthoff

Name: Michael B Botthoff

Title: Vice President

The Lenders:

Eaton Vance Limited Duration Income Fund

By: Eaton Vance Management

as Investment Advisor

By: /s/ Michael B Botthoff

Name: Michael B Botthoff

Title: Vice President

The Lenders:

Eaton Vance Medallion

Floating-Rate Income Portfolio

By: Eaton Vance Management

As Investment Advisor

By: /s/ Michael B. Botthof

Name: Michael B. Botthof

Title: Vice President

The Lenders:

EATON VANCE SENIOR

FLOATING-RATE TRUST as a Lender

BY: EATON VANCE MANAGEMENT

AS INVESTMENT ADVISOR

BY: /s/ Michael B. Botthof

Name: Michael B. Botthof

Title: Vice President

The Lenders:

EATON VANCE SENIOR INCOME TRUST as a Lender

BY: EATON VANCE MANAGEMENT

AS INVESTMENT ADVISOR

BY: /s/ Michael B. Botthof

Name: Michael B. Botthof

Title: Vice President

The Lenders:

EATON VANCE SHORT DURATION as a Lender

DIVERSIFIED INCOME FUND

BY: EATON VANCE MANAGEMENT

AS INVESTMENT ADVISOR

BY: /s/ Michael B. Botthof

Name: Michael B. Botthof

Title: Vice President

The Lenders:

EATON VANCE as a Lender

VT FLOATING-RATE INCOME FUND

BY: EATON VANCE MANAGEMENT

AS INVESTMENT ADVISOR

BY: /s/ Michael B. Botthof

Name: Michael B. Botthof

Title: Vice President

The Lenders:

ESSEX PARK CDO LTD.

By: Blackstone Debt Advisors L.P.

as Collateral Manager, as a Lender

BY: /s/ Dean T. Criares

Name: Dean T. Criares

Title: Authorized Signatory

The Lenders:

Fidelity Advisors Series I: Fidelity Advisor

Floating Rate High Income Fund, as a Lender

BY: /s/ Paul Murphy

Name: Paul Murphy

Title: Assistant Treasurer

The Lenders:

Fidelity Central Investment Portfolios LLC:

Fidelity Floating Rate Central Investment

Portfolio, as a Lender

BY: /s/ Paul Murphy

Name: Paul Murphy

Title: Assistant Treasurer

The Lenders:

Franklin Floating Rate Daily Access Fund,

as a Lender

BY: /s/ Richard Hsu

Name: Richard Hsu

Title: Vice President

The Lenders:

Franklin Floating Rate Master Series,

as a Lender

BY: /s/ Richard Hsu

Name: Richard Hsu

Title: Vice President

The Lenders:

Franklin Templeton Duration Income

Trust, as a Lender

BY: /s/ Richard Hsu

Name: Richard Hsu

Title: Vice President

The Lenders:

Franklin Templeton Series II Funds Floating

Rate II Fund, as a Lender

BY: /s/ Richard Hsu

Name: Richard Hsu

Title: Vice President

The Lenders:

FUTURE FUND BOARD OF GUARDIANS, as a Lender

FUTURE FUND BOARD OF GUARDIANS

By: Ares Enhanced Loan Investment Strategy Advisor IV, L.P., its investment manager

By: Ares Enhanced Loan Investment Strategy Advisor IV GP, LLC, its general partner

By: Ares Management LLC, its managing member

BY: /s/ Americo Cascella

Name: Americo Cascella

Title: Vice President

The Lenders:

(Galaxy IV CLO, LTD

By: AIG Global Investment Corp.

its Collateral Manager

Galaxy V CLO, LTD

By: AIG Global Investment Corp.

its Collateral Manager), as a Lender

BY: /s/ Julie Bothamley

Name: Julie Bothamley

Title: Managing Director

The Lenders:

GE BUSINESS FINANCIAL SERVICES INC.,

as a Lender

BY: /s/ James R. Persico

Name: James R. Persico

Title: Duly Authorized Signatory

The Lenders:

GENERAL ELECTRIC CAPITAL

CORPORATION, as a Lender

BY: /s/ Jason Soto

Name: Jason Soto

Title: As Authorized Signatory

The Lenders:

(Other Lenders), as a Lenders

BY: /s/ CLAUDE A. BAUM, ESQ.

Name: CLAUDE A. BAUM, ESQ.

Title: GENERAL COUNSEL

ORE HILL PARTNERS LLC

GENESIS CLO 2007-1 Ltd.

BY: Ore Hill Partners LLC

Its: Investment Advisor

The Lenders:

GRAYSON & CO, as a Lender

By: BOSTON MANAGEMENT AND RESEARCH

AS INVESTMENT ADVISOR

By: /s/ Michael B. Botthof

Name: Michael B. Botthof

Title: Vice President

The Lenders:

ING Prime Rate Trust

By: ING Investment Management Co.,

as its investment manager

ING Senior Income Fund

By: ING Investment Management Co.,

as its investment manager

ING Investment Management CLO III, LTD.

By: ING Alternative Asset Management LLC,

as its investment manager

ING International (II) – Senior Bank Loans Euro

By: ING Investment Management Co.,

as its investment manager

ING Investment Trust Co. Plan for Employee Benefit

Investment Funds – Senior Loan Fund

By: ING Investment Trust Co. as its trustee

By: /s/ Michel Prince, CFA

Name: Michel Prince, CFA

Title: Senior Vice President

The Lenders:

INWOOD PARK CDO LTD.

By: Blackstone Debt Advisors L.P.

as Collateral Manager, as a Lender

BY: /s/ Dean T. Criares

Name: Dean T. Criares

Title: Authorized Signatory

The Lenders: JPMORGAN DISTRESSED DEBT OPPORTUNITIES

MASTER FUND, LTD.

(Other Lenders), as a Lender

BY: /s/ James P. Shanahan

Name: James P. Shanahan

Title: Managing Director

The Lenders:

(Other Lenders), as a Lender

JPMORGAN HIGH YIELD BOND FUND

BY: /s/ William Morgan

Name: William Morgan

Title: Managing Director

The Lenders: JP Morgan Strategic Income Opportunities Fund , as a Lender

By: /s/ James P. Shanahan

Name: James P. Shanahan

Title: Managing Director

The Lenders:

LOAN FUNDING VI LLC,

for itself or as agent for Corporate Loan Funding VI LLC , as a Lender

By: /s/ Dean T. Criares

Name: Dean T. Criares

Title: Authorized Signatory

The Lenders:

Magnolia Funding , as a Lender

By: /s/ ARLENE ARELLANO

Name: ARLENE ARELLANO

Title: AUTHORIZED SIGNATORY

The Lenders:

MOUNMENT PARK CDO LTD.

By: Blackstone Debt Advisors L.P, as a Lender

as Collateral Manager

By: /s/ Dean T Criares

Name: Dean T Criares

Title: Authorized Signatory

National City Bank, as a Lender

By: /s/ Timothy J. Ambrose

Name: Timothy J. Ambrose

Title: Vice President

NYLIM Flatiron CLO 2006 -1 Ltd

By: New York Life Investment Management LLC,

As Collateral Manager and Attorney-in fact

By: /s/ Michelle Lim

Name: Michelle Lim

Title: Vice President

New York Life Insurance Company

By: /s/ Michelle Lim

Name: Michelle Lim

Title: Corporate Vice President

New York Life Insurance and Annuity Corporation

By: New York Life Investment Management LLC,

its Investment Manager

By: /s/ Michelle Lim

Name: Michelle Lim

Title: Vice President

NYLIM Institutional Floating Rate Fund L.P

By: New York Life Investment Management, LLC,

its Investment Manager

By: /s/ Michelle Lim

Name: Michelle Lim

Title: Vice President

MainStay Floating Rate Fund, a series of Eclipse

Funds Inc. By: New York Life Investment

Management LLC

By: /s/ Michelle Lim

Name: Michelle Lim

Title: Vice President

MainStay VP Floating Rate Portfolio, a series of

Mainstay VP Series Fund, Inc. By: New York Life

Investment Management LLC

By: /s/ Michelle Lim

Name: Michelle Lim

Title: Vice President

The Lenders:

O’Connor Credit Opportunity Master Limited, as a Lender

By: /s/ Joshua Karlin

Name: Joshua Karlin

AS ATTORNEY-IN-FACT

The Lenders:

Potential CLO I, Ltd., as a Lender

By: Octagon Credit Investor, LLC

as Attorney in Fact

By: /s/ Donald C, Young

Name: Donald C, Young

Title: Portfolio Manger

The Lenders:

PPM Shadow Creek Funding LLC, as a Lender

By: /s/ Stacy Lai

Name: Stacy Lai

Title: Assistant Vice President

The Lenders:

Royal Bank of Canada, as a Lender

By: /s/ Mustafa S. Topiwalla

Name: Mustafa S. Topiwalla

Title: Authorized Signatory

The Lenders:

Sankaty Credit Opportunities IV, LP, as a Lender

By: /s/ Alan K. Halfenger

Name: Alan K. Halfenger

Title: Chief Compliance Officer

Assistant Secretary

The Lenders:

Sankaty Credit Opportunities (Off Shore Master) IV, L.P, as a Lender

By: /s/ Alan K. Halfenger

Name: Alan K. Halfenger

Title: Chief Compliance Officer

Assistant Secretary

The Lenders: JP Morgan Leveraged Loans Master Fund, LP, as a Lender

By: /s/ James P. Shanahan

Name: James P. Shanahan

Title: Managing Director

The Lenders:

SENIOR DEBT PORTFOLIO

Boston Management and Research

As Investment Advisor, as a Lender

By: /s/ Michael B. Botthof

Name: Michael B. Botthof

Title: Vice President

This consent is made by the following Lender through the undersigned investment advisor:

T. Rowe Price institutional Floating Rate Fund

By: T Rowe Price Associates, Inc., as investment advisor:

By: /s/ Jonathan D. Siegel

Name: Jonathan D. Siegel

Title: Vice President

The Lenders:

THE NORINCHUKIN BANK, NEW YORK BRANCH,

Through State Street Bank and Trust Company N.A as

Fiduciary Custodian

By: Eaton Vance Management, Attorney-in-fact

By: /s/ Michael B. Botthof

Name: Michael B. Botthof

Title: Vice President

The Lenders:

The Sumitomo Trust & Banking Co., Ltd., New

York Branch, as a Lender

By: /s/ Frances E. Wynne

Name: Frances E. Wynne

Title: Senior Director

The Lenders:

Wellington Management Company, LLP as a Lender

Each of the persons listed on Annex A,

Severally but not jointly, as Lender

By: Wellington Management Company, LLP

As investment adviser

By: /s/ Donald M. Caiazza

Donald M. Caiazza

Vice President and Counsel

[Signature Page to Second Amendment to

Fourth Amended and Restated Credit Agreement]

5432462v.2 25690/684

Final Execution Version

RATIFICATION OF GUARANTORS

Each of the undersigned Guarantors hereby (a) acknowledges and consents to the foregoing Amendment and the Nexstar Entities execution thereof; (b) joins the foregoing Amendment for the purpose of consenting to and being bound by the provisions thereof, (c) ratifies and confirms all of their respective obligations and liabilities under the Loan Documents to which any of them is a party and ratifies and confirms that such obligations and liabilities extend to and continue in effect with respect to, and continue to guarantee and secure, as applicable, the Obligations of the Borrower under the Credit Agreement; (d) acknowledges and confirms that the liens and security interests granted by such Guarantor pursuant to the Loan Documents are and continue to be valid and perfected first priority liens and security interests (subject only to Permitted Liens) that secure all of the Obligations on and after the date hereof; (e) acknowledges and agrees that such Guarantor does not have any claim or cause of action against the Administrative Agent or any Lender (or any of its respective directors, officers, employees or agents); (f) acknowledges, affirms and agrees that such Guarantor does not have any defense, claim, cause of action, counterclaim, offset or right of recoupment of any kind or nature against any of their respective obligations, indebtedness or liabilities to the Administrative Agent or any Lender and (g) acknowledges, affirms and agrees with each term of the Amendment, including, without limitation, Section 24 thereof.

The Guarantors:

MISSION BROADCASTING, INC.

By: /s/ David S. Smith, President

David S. Smith, President

NEXSTAR BROADCASTING GROUP, INC.

NEXSTAR FINANCE HOLDINGS, INC.

By: /s/ Shirley E. Green, Secretary & VP Controller

Name: Shirley E. Green

Title: Secretary & VP Controller

[Signature Page to Second Amendment to

Fourth Amended and Restated Credit Agreement]

5432462v.2 25690/684

Annex I to the Second Amendment

Annex I

[See Attached]

Annex I to Second Amendment to

Fourth Amended and Restated Credit Agreement

5432462v.2 25690/684

Annex I to the Second Amendment

FOURTH AMENDED AND RESTATED CREDIT AGREEMENT

AMONG

NEXSTAR BROADCASTING, INC.,

NEXSTAR BROADCASTING GROUP, INC.

AND CERTAIN OF ITS SUBSIDIARIES

FROM TIME TO TIME PARTIES HERETO,

THE SEVERAL FINANCIAL INSTITUTIONS

FROM TIME TO TIME PARTIES HERETO,

BANK OF AMERICA, N.A.,

AS ADMINISTRATIVE AGENT,

UBS SECURITIES LLC

AND

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED,

AS CO-SYNDICATION AGENTS

__________________________________

BANK OF AMERICA SECURITIES LLC,

AND

UBS SECURITIES LLC,

AS JOINT LEAD ARRANGERS

AND

BANK OF AMERICA SECURITIES LLC,

AND

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED,

AS JOINT BOOK MANAGERS

__________________________________

DATED AS OF APRIL 1, 2005

__________________________________

5432462v.2 25690/684

TABLE OF CONTENTS

Page

ARTICLE I.	DEFINITIONS	1
1.01.	Defined Terms	1
1.02.	Other Definitional Provisions	21
1.03.	Accounting Principles	21
1.04.	Classes and Types of Loans and Borrowings	21
1.05.	Rounding	21
1.06.	Times of Day	21
1.07.	Letter of Credit Amounts	21
ARTICLE II.	THE CREDIT FACILITIES	22
2.01.	Amounts and Terms of Commitments	22
2.02.	Borrowings, Conversions and Continuations of Loans	22
2.03.	Letters of Credit.	22
2.04.	Reduction and Termination of Commitments.	25
2.05.	Voluntary Prepayments	25
2.06.	Mandatory Prepayments	25
2.07.	Repayment of Loans	26
2.08.	Interest.	21
2.09.	Fees	21
2.10.	Computation of Interest and Fees	27
2.11.	Evidence of Debt.	27
2.12.	Payments Generally; Administrative Agent's Clawback	27
2.13.	Sharing of Payments by Lenders	27
2.14.	Security Documents and Guaranty Agreements	27
ARTICLE III.	TAXES, YIELD PROTECTION AND ILLEGALITY	28
3.01.	Taxes.	28
3.02.	Illegality	28
3.03.	Inability to Determine Rates	29
3.04.	Increased Costs; Reserves on Eurodollar Loans	29
3.05.	Compensation for Losses	29
3.06.	Mitigation Obligations; Replacement of Lenders	29
3.07.	Survival	29
ARTICLE IV.	CONDITIONS PRECEDENT	30
4.01.	Conditions to the Effective Date	31
4.02.	Additional Conditions to the Effective Date	31
4.03.	Conditions to All Borrowings and the Issuance of Any Letters of Credit	32
ARTICLE V.	REPRESENTATIONS AND WARRANTIES	34
5.01.	Existence; Compliance with Law	34
5.02.	Corporate, Limited Liability Company or Partnership Authorization; No Contravention	34
5.03.	Governmental Authorization	34
5.04.	Binding Effect	35
5.05.	Litigation	35
5.06.	No Default	35
5.07.	ERISA Compliance	35
5.08.	Use of Proceeds; Margin Regulations	36
5.09.	Ownership of Property; Intellectual Property.	36
5.10.	Taxes	36
5.11.	Financial Statements.	36
5.12.	Securities Law, etc.; Compliance	37
5.13.	Governmental Regulation	37
5.14.	Accuracy of Information	37
5.15.	Environmental Laws	37
5.16.	Environmental Compliance.	37
5.17.	FCC Licenses.	37
5.18.	Subsidiaries	39
5.19.	Solvency	39
5.20.	Labor Controversies	39
5.21.	Security Documents.	39
5.22.	Network Affiliation Agreements	39
5.23.	Condition of Stations	39
5.24.	Special Purpose Entities	39
5.25.	Information Certificate	39
5.26.	Maintenance of Insurance	39
5.27.	Security Documents	39
5.28.	Nexstar/Mission Agreements	39
ARTICLE VI.	AFFIRMATIVE COVENANTS	40
6.01.	Financial Statements	40
6.02.	Certificates; Other Information	40
6.03.	Notices	41
6.04.	FCC Information	41
6.05.	FCC Licenses and Regulatory Compliance	42
6.06.	License Lapse	42
6.07.	Maintenance of Corporate, Limited Liability Company or Partnership Existence, etc	42
6.08.	Foreign Qualification, etc	42
6.09.	Payment of Taxes, etc	42
6.10.	Maintenance of Property; Insurance	42
6.11.	Compliance with Laws, etc	42
6.12.	Books and Records.	42
6.13.	Use of Proceeds	42
6.14.	End of Fiscal Years; Fiscal Quarters	42
6.15.	Interest Rate Protection	42
6.16.	Additional Security; Further Assurances.	42
6.17.	Post Second Amendment Effective Date Collateral Requirements	44
6.18.	Lien Searches.	45
6.19.	Designation as Senior Debt	45
6.20.	Operating Accounts as Collateral	45
6.21.	Compliance with Environmental Laws	45
6.22.	Preparation of Environmental Reports	46
6.23.	Further Assurances	46
6.24.	Compliance with Terms of Leaseholds	46
6.25.	Cooperation	46
ARTICLE VII.	NEGATIVE COVENANTS	47
7.01.	Changes in Business	47
7.02.	Limitation on Liens	47
7.03.	Disposition of Assets	47
7.04.	Consolidations, Mergers, Acquisitions, etc	48
7.05.	Limitation on Indebtedness	48
7.06.	Transactions with Affiliates	50
7.07.	Use of Credits; Compliance with Margin Regulations	50
7.08.	Environmental Liabilities	50
7.09.	Financial Covenants.	50
7.10.	Restricted Payments	51
7.11.	Advances, Investments and Loans	51
7.12.	Limitation on Business Activities of the Nexstar Entities.	51
7.13.	Sales or Issuances of Capital Stock	51
7.14.	No Waivers, Amendments or Restrictive Agreements; Charter Documents	51
7.15.	Prepayments, Etc. of Indebtedness	51
7.16.	Debt Repurchases	52
7.17.	Nexstar and Mission	52
ARTICLE VIII.	EVENTS OF DEFAULT	53
8.01.	Event of Default	53
8.02.	Remedies	55
8.03.	Rights Not Exclusive	55
8.04.	Application of Funds	55
ARTICLE IX.	ADMINISTRATIVE AGENT	57
9.01.	Appointment and Authority	57
9.02.	Rights as a Lender	57
9.03.	Exculpatory Provisions	57
9.04.	Reliance by Administrative Agent	57
9.05.	Delegation of Duties	57
9.06.	Resignation of Administrative Agent	57
9.07.	Non-Reliance on Administrative Agent and Other Lenders	58
9.08.	No Other Duties, Etc	58
9.09.	Administrative Agent May File Proofs of Claim	58
9.10.	Collateral and Guaranty Matters	59
9.11.	Secured Cash Management Agreements and Secured Hedge Agreements	59
9.12.	Intercreditor Agreement.	59
ARTICLE X.	MISCELLANEOUS	60
10.01.	Amendment and Waivers.	60
10.02.	Notices; Effectiveness; Electronic Communication.	60
10.03.	No Waiver; Cumulative Remedies	61
10.04.	Expenses; Indemnity; Damage Waiver.	61
10.05.	Payments Set Aside	62
10.06.	Successors and Assigns.	62
10.07.	Treatment of Certain Information; Confidentiality	64
10.08.	Right of Setoff	64
10.09.	Interest Rate Limitation	64
10.10.	Counterparts; Integration; Effectiveness	64
10.11.	Survival of Representations and Warranties	64
10.12.	Severability	64
10.13.	Replacement of Lenders	65
10.14.	Governing Law; Jurisdiction; Etc.	65
10.15.	WAIVER OF JURY TRIAL	65
10.16.	Effectiveness.	65
10.17.	USA Patriot Act Notice	66
10.18.	Termination	66
10.19.	Additional Mandatory Prepayments	66
10.20.	ENTIRE AGREEMENT	67
10.21.	No Advisory or Fiduciary Responsibility	67
10.22.	Time of the Essence	67

5432462v.2 25690/684

Schedules and Exhibits

SCHEDULE 1.01(A)	NEXSTAR/MISSION AGREEMENTS
SCHEDULE 1.01(B)	PRO FORMA ADJUSTMENTS TO CONSOLIDATED OPERATING CASH FLOW
SCHEDULE 1.01(C)	DESCRIPTION OF PERMITTED REVOLVER REALLOCATION
SCHEDULE 2.01	COMMITMENTS
SCHEDULE 5.07	ERISA COMPLIANCE
SCHEDULE 5.09	OWNED AND LEASED REAL PROPERTIES
SCHEDULE 5.16	FCC LICENSES
SCHEDULE 5.17	SUBSIDIARIES
SCHEDULE 5.17(c)	FCC DISCLOSURE
SCHEDULE 5.21	NETWORK AFFILIATION AGREEMENTS
SCHEDULE 6.17(a)	STATIONS WITH TOWERS AND TRANSMITTERS
SCHEDULE 6.17(b)	PETTY CASH ACCOUNTS
SCHEDULE 7.02	LIENS IN EXISTENCE ON THE SECOND AMENDMENT EFFECTIVE DATE
SCHEDULE 7.05(l)	EXISTING INDEBTEDNESS ON THE SECOND AMENDMENT EFFECTIVE DATE
SCHEDULE 7.06	EXISTING AFFILIATE TRANSACTIONS ON THE SECOND AMENDMENT EFFECTIVE DATE
SCHEDULE 7.11	INVESTMENTS ON THE SECOND AMENDMENT EFFECTIVE DATE
SCHEDULE 8.01(a)	MISSION ENTITIES REPRESENTATIONS AND WARRANTIES
SCHEDULE 8.01(b)	MISSION ENTITIES COVENANTS
SCHEDULE 10.02	ADMINISTRATIVE AGENT'S OFFICE; CERTAIN ADDRESSES FOR NOTICES
SCHEDULE 10.06	PROCESSING AND RECORDATION FEES

EXHIBIT A	Form of Assignment and Assumption
EXHIBIT B	Form of Closing Certificate
EXHIBIT C	Form of Compliance Certificate
EXHIBIT D-1	Form of Confirmation Agreement for the Security Agreement
EXHIBIT D-2	Form of Confirmation Agreement for the Pledge and Security Agreement
EXHIBIT D-3	Form of Confirmation Agreement for the Nexstar Guaranty Agreement
EXHIBIT D-4	Form of Confirmation Agreement for the Nexstar Guaranty of Mission Obligations
EXHIBIT E	Form of Information Certificate
EXHIBIT F	Form of Revolving Loan Note
EXHIBIT G	Form of Revolving Loan Notice
EXHIBIT H	Form of Solvency Certificate
EXHIBIT I	Form of Term B Loan Note
EXHIBIT J	Form of Term B Loan Notice

5432462v.2 25690/684

FOURTH AMENDED AND RESTATED CREDIT AGREEMENT

THIS FOURTH AMENDED AND RESTATED CREDIT AGREEMENT, dated as of April 1, 2005, is among NEXSTAR BROADCASTING, INC., a corporation organized under the Laws of the State of Delaware, NEXSTAR BROADCASTING GROUP, INC., a corporation organized under the Laws of the State of Delaware, certain of its Subsidiaries from time to time parties to this Agreement, the several banks and other financial institutions or entities from time to time parties hereto (the "Lenders"), BANK OF AMERICA, N.A., as the Administrative Agent for the Lenders, and UBS SECURITIES LLC and MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, as the Co-Syndication Agents.

RECITALS

A. The Borrower, the Ultimate Parent, the Subsidiaries of the Ultimate Parent, the Administrative Agent, and the several banks parties thereto entered into that certain Third Amended and Restated Credit Agreement, dated as of December 30, 2003 (as amended through the date hereof, the "Existing Nexstar Credit Agreement").

B. The parties wish to amend and restate the Existing Nexstar Credit Agreement, which amendment and restatement is in extension and renewal, and not in extinguishment or novation, of the indebtedness outstanding under the Existing Nexstar Credit Agreement, as herein provided, it being acknowledged and agreed by the Borrower, the Ultimate Parent and the other Parent Guarantors that the Indebtedness under this Agreement constitutes an extension, renewal, increase and ratification of the outstanding indebtedness under the Existing Nexstar Credit Agreement, and that all Liens and Guaranty Agreements that secure the repayment of outstanding indebtedness under the Existing Nexstar Credit Agreement shall continue to secure Indebtedness under this Agreement.

In consideration of the mutual agreements, provisions and covenants contained herein, the parties agree that the Existing Nexstar Credit Agreement shall be and hereby is amended and restated in its entirety as follows:

ARTICLE I.

DEFINITIONS

1.01 Defined Terms. All capitalized terms used and not otherwise defined in this Agreement, including in the Preamble hereto, shall have the meanings specified below:

"ABRY Fund" means ABRY L.P. II, ABRY L.P. III, ABRY L.P. IV, or any investment entity controlled by, controlling, or under common control with ABRY L.P. II, ABRY L.P. III and/or ABRY L.P. IV.

"ABRY L.P. II" means ABRY Broadcast Partners II, L.P., a limited partnership organized under the Laws of the State of Delaware.

"ABRY L.P. III" means ABRY Broadcast Partners III, L.P., a limited partnership organized under the Laws of the State of Delaware.

"ABRY L.P. IV" means ABRY Partners IV, L.P., a limited partnership organized under the Laws of the State of Delaware.

"Acquisition" means, with respect to any Person, the occurrence of any of the following specified events: (i) any transaction or series of transactions for the purpose of, or resulting in, directly or indirectly, any of the following (including without limitation, any such transaction or transactions in connection with a like-kind exchange or otherwise): (a) the acquisition by such Person of all or substantially all of the assets of another Person, or of any business or division of another Person, or any television broadcasting station, (b) the acquisition by such Person of more than 50% of any class of Capital Stock (or similar ownership interests) of any other Person, (c) a merger, consolidation, amalgamation, or other combination by such Person with another Person or (ii) the entering into of any Local Marketing Agreement, Joint Sales Agreement and/or Shared Services Agreement, or other similar agreement by such Person. The terms "Acquire," "Acquired" and "Acquisition of" shall have correlative meanings.

"Additional Security Documents" has the meaning specified in Section 6.16(a).

"Adjusted Current Liabilities" means for any Person on any date of determination, current liabilities of such Person on such date minus the sum of (a) the current portion of any long-term Indebtedness (including, without limitation, the current portion of any Capital Lease Obligations) of such Person on such date, plus (b) deferred income tax liabilities of such Person on such date.

"Adjusted Working Capital" means for any Person on any date of determination, (a) the current assets of such Person on such date, minus (b) the sum of (i) cash and Cash Equivalents of such Person on such date, plus (ii) the Adjusted Current Liabilities of such Person on such date, in each case as determined on a consolidated basis.

"Administrative Agent" means Bank of America, N.A. in its capacity as Administrative Agent for the Lenders hereunder, and any successor to such agent.

"Administrative Agent's Office" means the Administrative Agent's address and, as appropriate, account as set forth on Schedule 10.02, or such other address or account of the Administrative Agent as the Administrative Agent may from time to time notify to the Borrower and the Lenders.

"Administrative Questionnaire" means an Administrative Questionnaire in a form supplied by the Administrative Agent.

"Affiliate" means, with respect to any Person, another Person that directly, or indirectly through one or more intermediaries, Controls or is Controlled by or is under common Control with the Person specified.

"Agents" means the Administrative Agent and the Co-Syndication Agents.

5432462v.2 25690/684

"Aggregate Available Revolving Commitment" means the sum of the Available Revolving Commitments of all Lenders.

"Aggregate Combined Revolving Commitment" means the Aggregate Revolving Commitment.

"Aggregate Outstanding Term B Loan Balance" means the sum of the aggregate outstanding principal balances of all Term B Loans, as such amount may be adjusted from time to time pursuant to this Agreement.

"Aggregate Revolving Commitment" means the sum of the Revolving Commitments of all of the Lenders, in the amount of $82,500,000 as of the Second Amendment Effective Date, as such amount may be reduced from time to time pursuant to this Agreement.1

"Agreement" means this Fourth Amended and Restated Credit Agreement, including the Schedules and Exhibits hereto, as the same may be amended, modified, restated, supplemented, renewed, extended, increased, rearranged and/or substituted from time to time.

"Anticipated Reinvestment Amount" [Intentionally Deleted].

"Applicable Law" means (a) in respect of any Person, all provisions of Laws applicable to such Person, and all orders and decrees of all courts and determinations of arbitrators applicable to such Person and (b) in respect of contracts made or performed in the State of Texas, "Applicable Law" shall also mean the Laws of the United States of America, including, without limiting the foregoing, 12 USC Sections 85 and 86, as amended to the date hereof and as the same may be amended at any time and from time to time hereafter, and any other statute of the United States of America now or at any time hereafter prescribing the maximum rates of interest on loans and extensions of credit, and the Laws of the State of Texas, including, without limitation, Chapter 303 of the Texas Finance Code, as amended, and any other statute of the State of Texas now or at any time hereafter prescribing maximum rates of interest on loans and extensions of credit; provided that the parties hereto agree pursuant to Texas Finance Code Section 346.004 that the provisions of Chapter 346 of the Texas Finance Code, shall not apply to Loans, the Letters of Credit, this Agreement, the Notes or any other Loan Documents.

"Applicable Margin" means

(i) with respect to Loans which are Eurodollar Loans, a rate per annum equal to 4.00%; and

(ii) with respect to Loans which are Base Rate Loans, a rate per annum equal to 3.00%.

1 The Aggregate Revolving Commitment was previously reallocated -- thus when added to the Mission Aggregate Revolving Commitment, the total amount will remain unchanged.

5432462v.2 25690/684

"Approved Fund" means any Fund that is administered or managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an Affiliate of an entity that administers or manages a Lender.

"Assignee Group" means two or more Eligible Assignees that are Affiliates of one another or two or more Approved Funds managed by the same investment advisor.

"Assignment and Assumption" means an assignment and assumption entered into by a Lender and an Eligible Assignee (with the consent of any party whose consent is required by Section 10.06(b)), and accepted by the Administrative Agent, in substantially the form of Exhibit A or any other form approved by the Administrative Agent.

"Audited Financial Statements" means the audited consolidated balance sheet of the Ultimate Parent and its consolidated Subsidiaries for the Fiscal Year ended December 31, 2004, and the related consolidated statements of income or operations, shareholders' equity and cash flows for such Fiscal Year of the Ultimate Parent and its consolidated Subsidiaries, including the notes thereto.

"Authorization" means any filing, recording and registration with, and any validation or exemption, approval, order, authorization, consent, License, certificate, franchise and permit from, any Governmental Authority, including, without limitation, FCC Licenses.

"Available Revolving Commitment" means, at any time as to any Lender, an amount equal to the excess, if any, of (i) the amount of the Revolving Commitment of such Lender at such time, over (ii) the sum of the outstanding principal balances of all Revolving Loans of such Lender plus the sum of all participations of such Lender in L/C Obligations at such time.

"Bank of America" means Bank of America, N.A., a national banking association.

"Bankruptcy Code" means the Federal Bankruptcy Reform Act of 1978 (11 U.S.C. Sec. 101, et seq.).

"Base Rate" means for any day a fluctuating rate per annum equal to the highest of (a) the sum of 1/2 of 1% plus the Federal Funds Rate for such day, (b) the Prime Rate for such day and (c) the sum of (i) 1.00% plus (ii) the Eurodollar Rate (for an Interest Period of one month, determined in accordance with subsection (b) of the definition of Eurodollar Base Rate).

"Base Rate Loan" means any Loan that bears an interest rate based on the Base Rate.

"Beneficial Owner" has the meaning assigned to such term in Rule 13d-3 and Rule 13d-5 under the Securities and Exchange Act of 1934, as amended.

"Board of Directors" means, as to any Person, either (a) the board of directors of such Person (or, in the case of any Person that is a limited liability company, the managers of such Person) or (b) any duly authorized committee thereof.

5432462v.2 25690/684

"Board Resolution" means, as to any Person, a copy of a resolution of such Person certified by the Secretary or an Assistant Secretary of such Person to have been duly adopted by requisite action of the Board of Directors of such Person and to be in full force and effect on the date of such certification.

"Borrower" means Nexstar Broadcasting, Inc., a Delaware corporation.

"Borrowing" has the meaning specified in Section 1.04.

"Borrowing Date" means, in relation to any Loan, the date of the borrowing of such Loan as specified in the Revolving Loan Notice or Term B Loan Notice, as applicable.

"Business Day" means any day other than a Saturday, Sunday or other day on which commercial banks in Dallas, Texas or, New York City are authorized or required by Law to close and, if such term is used in relation to any Eurodollar Loan or the Interest Period therefor, on such day dealings are carried on by and between banks in Dollar deposits in the applicable interbank market.

"Capital Expenditures" means, for any period and with respect to any Person, the aggregate of all expenditures by such Person and its Subsidiaries with respect to such period which should be capitalized according to GAAP on a consolidated balance sheet of such Person and its Subsidiaries, including all expenditures with respect to fixed or capital assets which should be so capitalized and, without duplication, the amount of all Capital Lease Obligations incurred during such period; it being understood that "Capital Expenditures" shall not include, without duplication, non-cash payments and payments made or accrued in respect of Film Obligations or Consolidation Expenses.

"Capital Lease" has the meaning specified in the definition of "Capital Lease Obligations".

"Capital Lease Obligations" means, with respect to any Person, all monetary obligations of such Person under any leasing or similar arrangement which, in accordance with GAAP, is classified as a capital lease (a "Capital Lease").

"Capital Stock" means (i) any capital stock, partnership, membership, joint venture or other ownership or equity interest, participation or securities (whether voting or non-voting, whether preferred, common or otherwise, and including any stock appreciation, contingent interest or similar right) and (ii) any option, warrant, security or other right (including debt securities or other evidence of Indebtedness) directly or indirectly convertible into or exercisable or exchangeable for, or otherwise to acquire directly or indirectly, any capital stock, partnership, membership, joint venture or other ownership or equity interest, participation or security described in clause (i) above.

“Cash Collateral Account” means a blocked, non-interest bearing deposit account of one or more of the Credit Parties at Bank of America in the name of the Administrative Agent and under the sole dominion and control of the Administrative Agent, and otherwise established in a manner satisfactory to the Administrative Agent.

5432462v.2 25690/684

"Cash Collateralize" with respect to any Person, means to pledge and deposit with or deliver to the Administrative Agent, for the benefit of the Administrative Agent, the L/C Issuer and the Lenders, as collateral for the L/C Obligations, cash or deposit account balances of such Person pursuant to documentation in form and substance satisfactory to the Administrative Agent and the L/C Issuer (which documents are hereby consented to by the Lenders) ("Cash Collateral"). Derivatives of such term shall have corresponding meanings. The Borrower hereby grants to the Administrative Agent, for the benefit of the Administrative Agent, the L/C Issuer and the Lenders, a security interest in all such cash and deposit account balances of the Borrower. Cash Collateral shall be invested in Cash Equivalents of a tenor satisfactory to the Administrative Agent and as instructed by the Borrower, which Cash Equivalents shall be held in the name of the Borrower and under the control of the Administrative Agent in a manner satisfactory to the Administrative Agent.

"Cash Equivalents" means any or all of the following: (i) obligations of, or guaranteed as to interest and principal by, the United States government maturing within one year after the date on which such obligations are purchased; (ii) open market commercial paper of any corporation (other than any Nexstar Entity, other Credit Party or any Affiliate of any Nexstar Entity or other Credit Party) incorporated under the Laws of the United States or any State thereof or the District of Columbia rated P-1 or its equivalent by Moody's or A-1 or its equivalent or higher by S&P; (iii) time deposits or certificates of deposit maturing within one year after the issuance thereof issued by commercial banks organized under the Laws of any country which is a member of the OECD and having a combined capital and surplus in excess of $250,000,000 or which is a Lender or Brown Brothers Harriman & Co.; (iv) repurchase agreements with respect to securities described in clause (i) above entered into with an office of a bank or trust company meeting the criteria specified in clause (iii); and (v) money market funds investing only in investments described in clauses (i) through (iv).

"Cash Management Agreement" means any agreement to provide cash management services, including treasury, depository, overdraft, credit or debit card, electronic funds transfer and other cash management arrangements.

"Cash Management Bank" means Bank of America and its Affiliates and any other Person that, at the time it enters into a Cash Management Agreement, is a Lender or an Affiliate of a Lender, in its capacity as a party to such Cash Management Agreement.

“CERCLA” means the Comprehensive Environmental Response, Compensation and Liability Act of 1980.

“CERCLIS” means the Comprehensive Environmental Response, Compensation and Liability Information System maintained by the U.S. Environmental Protection Agency.

"Change in Law" means the occurrence, after the date of this Agreement, of any of the following: (a) the adoption or taking effect of any Law, rule, regulation or treaty, (b) any change in any Law, rule, regulation or treaty or in the administration, interpretation or application thereof by any Governmental Authority or (c) the making or issuance of any request, guideline or directive (whether or not having the force of law) by any Governmental Authority.

5432462v.2 25690/684

"Change of Control" means any of the following:

(i) the consummation of any transaction (including, without limitation, any merger or consolidation) the result of which is that any Person, other than a Principal, becomes the Beneficial Owner, directly or indirectly, of more than 35% of the Voting Stock of the Ultimate Parent, measured by voting power rather than number of shares;

(ii) a majority of the Board of Directors of the Ultimate Parent shall cease to be Continuing Directors;

(iii) at any time during the first 18 months after the consummation of the Initial Public Offering, the Principals, taken together, shall cease to directly or indirectly own and hold at least 35% on a fully diluted basis of the Voting Stock of the Ultimate Parent, measured by voting power rather than number of shares;

(iv) the Ultimate Parent shall cease to own, directly or indirectly, 100% on a fully diluted basis of the Capital Stock of Nexstar Finance Holdings; or

(v) Nexstar Finance Holdings shall cease to own 100% on a fully diluted basis of the Capital Stock of the Borrower.

"Charter Documents" means, with respect to any Person, (i) the articles or certificate of formation, incorporation or organization (or the equivalent organizational documents) of such Person, (ii) the bylaws, partnership agreement, limited liability company agreement or regulations (or the equivalent governing documents) of such Person and (iii) each document setting forth the designation, amount and relative rights, limitations and preferences of any class or series of such Person's Capital Stock or of any rights in respect of such Person's Capital Stock, and any shareholder or stockholder agreement or other like agreement or arrangement to which such Person is a party or by which it is bound and, with respect to the Nexstar Entities, the term "Charter Documents" shall include the Nexstar Stockholders Agreement.

"Class" has the meaning specified in Section 1.04.

"Closing Certificate" means a Closing Certificate substantially in the form of Exhibit B.

"Code" means the Internal Revenue Code of 1986, as amended from time to time, and any regulations promulgated thereunder.

"Collateral" means the Pledged Collateral, the Security Agreement Collateral and the Mortgaged Properties, and any other property or assets of any Credit Party subject to a Lien to secure all or any portion of the Obligations.

"Collateral Agent" means the Administrative Agent acting as collateral agent pursuant to the Security Documents (or any other Collateral Agent specifically permitted under the terms hereof, provided that no such other "Collateral Agent" shall be considered a "Collateral Agent" for the purposes of Section 10.01).

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"Commitment" means, for each Lender, its Revolving Commitment.

"Communications Act" has the meaning specified in Section 5.17.

"Compliance Certificate" means, as to any Person, a certificate of such Person executed on its behalf by the Chief Executive Officer, President, Chief Financial Officer or Vice President of such Person, substantially in the form of Exhibit C, with such changes as acceptable to the Administrative Agent.

"Confirmation Agreements" means (i) a First Amendment and Confirmation Agreement for the Security Agreement, substantially in the form of Exhibit D-1, (ii) a First Amendment and Confirmation Agreement for the Pledge and Security Agreement, substantially in the form of Exhibit D-2, (iii) a First Amendment and Confirmation Agreement for the Nexstar Guaranty Agreement, substantially in the form of Exhibit D-3 and (iv) a First Amendment and Confirmation Agreement for the Nexstar Guaranty of Mission Obligations, substantially in the form of Exhibit D-4.

"Consolidated Amortization Expense" means, for any period, for any Person, the consolidated amortization expense (including amortization of Film Obligations and goodwill) of such Person and its Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP.

"Consolidated Cash Interest Expense" means, for any period, for any Person, Consolidated Interest Expense for such Person for such period, but excluding to the extent otherwise included therein, (i) interest expense to the extent not payable in cash (e.g., interest or dividends on securities which must (or may, at the election of such Person or any of its Subsidiaries) be paid in additional securities, imputed interest, amortization of original issue discount and/or by an addition to the accreted value thereof, or non-cash accounting adjustments relating to derivatives transactions or contracts) during such period, (ii) amortization of discount during such period, and (iii) deferred financing costs during such period.

"Consolidated Depreciation Expense" means, for any period, for any Person, the depreciation expense of such Person and its Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP.

"Consolidated Fixed Charge Coverage Ratio" means, on any date, the ratio of (a) Consolidated Operating Cash Flow of the Borrower and it Subsidiaries for the applicable Measurement Period to (b) the sum of (without duplication) (i) Consolidated Cash Interest Expense of the Ultimate Parent and it Subsidiaries, plus (ii) all scheduled principal payments on Indebtedness of the Ultimate Parent and its Subsidiaries on a consolidated basis, excluding with respect to this subsection (ii) only, the payment of principal of the Loans due on their respective Maturity Dates, plus (iii) Capital Expenditures of the Ultimate Parent and it Subsidiaries, plus (iv) accrued current income tax expense for the Ultimate Parent and its Subsidiaries (other than any such expense paid or payable during such period with respect to extraordinary gains) on a consolidated basis, in each case for the Measurement Period relating to such date.

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"Consolidated Interest Coverage Ratio" means, on any date, the ratio of (i) Consolidated Operating Cash Flow of the Borrower and its Subsidiaries for the Measurement Period relating to such date to (ii) the Consolidated Cash Interest Expense of the Ultimate Parent and its Subsidiaries for such Measurement Period.

"Consolidated Interest Expense" means, for any period, for any Person, the interest expense of such Person and its Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP, including, without duplication, total interest expense for such period (including interest attributable to Capital Leases) with respect to all outstanding Indebtedness of such Person and its Subsidiaries, capitalized interest and all commissions, discounts and other fees and charges owed with respect to letters of credit and bankers' acceptance financing, as such amounts may be increased or decreased by the net income (or loss) from Interest Rate Protection Agreements of such Person for such period.

"Consolidated Net Income" means, for any period, for any Person, the net income (or loss) of such Person and its Subsidiaries, determined on a consolidated basis in accordance with GAAP; provided that there shall be excluded, without duplication, (i) income of any Subsidiary of such Person which is not a Wholly-Owned Subsidiary of such Person, except to the extent of the amount of any dividends or other distributions actually paid by a Subsidiary which is not a Wholly-Owned Subsidiary to the Borrower or any Wholly-Owned Subsidiary of the Borrower during such period, (ii) income of any other Person accrued prior to the date (A) any such other Person becomes a Subsidiary of the Person whose net income is being determined, (B) any such other Person is merged into such Person whose net income is being determined or any Subsidiary of such Person whose net income is being determined or (C) the assets of any such other Person are acquired by the Person whose net income is being determined or by any Subsidiary of such Person whose net income is being determined, (iii) the income of any Subsidiary of such Person during such period to the extent that the declaration or payment of dividends or similar distributions by that Subsidiary of such income is not at the time permitted by operation of the terms of its Charter Documents or any other agreement binding on such Subsidiary or any Requirement of Law applicable to such Subsidiary or such Person or any of its other Subsidiaries, (iv) any after-tax gains and after-tax losses attributable to extraordinary and non-recurring items, including Recovery Events, Extraordinary Receipts and Dispositions outside the ordinary course of business and any after-tax gains on pension reversions received by such Person or its Subsidiaries, and (v) to the extent included in calculating such net income, non-cash revenue and non-cash expenses earned or incurred by such Person or any of its Subsidiaries.

"Consolidated Operating Cash Flow" means, for any period, for any Person,

(a) Consolidated Net Income of such Person for such period, plus

(b) (to the extent deducted in calculating such Consolidated Net Income) the sum of, without duplication, (i) Consolidated Depreciation Expense, (ii) Consolidated Amortization Expense, (iii) Consolidated Interest Expense, (iv) income tax expense for such Person and its Subsidiaries (other than any such expense with respect to extraordinary gains), (v) recurring and non-recurring non-cash losses and expenses (determined on a consolidated basis), and (vi) fees and expenses incurred in connection with the Second Amendment and paid in cash in the third

5432462v.2 25690/684

and fourth quarter of fiscal 2009, including fees and expenses of advisors and legal counsel, and the costs incurred in connection with the requirements under the Loan Documents with respect to the Collateral, in each case only to the extent that such fees and expenses are treated as operating expenses and, less

(c) the sum of (i) Film Cash Payments becoming due and payable during such period, and (ii) (to the extent included in calculating such Consolidated Net Income) non-cash revenues, in each case (notwithstanding clause (ii) of the proviso in the definition of "Consolidated Net Income") calculated, if applicable, on a Pro Forma Basis (except for purposes of calculating the Consolidated Fixed Charge Coverage Ratio and the Consolidated Interest Coverage Ratio) after giving effect to (A) any sale or Disposition of any Station as if the same were consummated or became effective on the first day of such period and (B) subject to the provisos set forth below, any Local Marketing Agreement, Joint Sales Agreement and/or Shared Services Agreement, as if the same were consummated or became effective on the first day of such period, each as determined on a consolidated basis in accordance with GAAP after eliminating all intercompany items;

provided that

(1) in the case of any Local Marketing Agreement, Joint Sales Agreement and/or Shared Services Agreement,

(x) Consolidated Operating Cash Flow shall reflect adjustments thereto for anticipated changes in network compensation for such period to be effected within 120 days after the entering into of any such Local Marketing Agreement, Joint Sales Agreement and/or Shared Services Agreement, commissions for national representatives and other items of revenue or expense (including as the result of a reduction in the number of employees within 120 days after the date of entering into any such Local Marketing Agreement, Joint Sales Agreement and/or Shared Services Agreement), in each case as may be satisfactory to the Administrative Agent and

(y) notwithstanding the foregoing or anything else in this Agreement to the contrary only net amounts receivable that are subject to no contingency with respect to any such Local Marketing Agreement, Joint Sales Agreement and/or Shared Services Agreement may be treated on a Pro Forma Basis in calculating Consolidated Operating Cash Flow; and

(2) Consolidated Operating Cash Flow shall also reflect the adjustments thereto set forth on Schedule 1.01(B); and

(3) notwithstanding the foregoing or anything in this Agreement to the contrary, in no event shall (A) any gain realized by the Borrower or any Subsidiary as a result of the purchase, forgiveness or other cancellation of any Indebtedness of the Borrower or any Subsidiary for less than the face value of such Indebtedness be included in Consolidated Operating Cash Flow and (B) any cash flow or net income attributable to any Subsidiary of the Borrower that is not a Wholly-Owned Subsidiary be included in the calculation of Consolidated Operating Cash Flow of the Borrower.

"Consolidated Senior Leverage Ratio" means, on any date, the ratio of

(a) the amount of Consolidated Total Debt of the Borrower and its Subsidiaries on such date

minus, to the extent included in Consolidated Total Debt, the sum of the outstanding face amount of (i) the 7% Senior Subordinated Notes issued by Borrower on December 30, 2003, and due 2014, plus (ii) the 12% Senior Subordinated PIK Notes due 2014 issued by Borrower, plus (iii) any Subordinated Notes issued in accordance with the terms of Section 7.05; to

(b) the Consolidated Operating Cash Flow of the Borrower and its Subsidiaries for the applicable Measurement Period relating to such date.

"Consolidated Total Debt" means, for any Person on any date, the Indebtedness of such Person and its Subsidiaries on such date, determined on a consolidated basis in accordance with GAAP. Consolidated Total Debt shall be calculated on such date giving effect to all transactions (and all resulting borrowings and other consequences) consummated or to be consummated on such date.

"Consolidated Total Leverage Ratio" means, on any date, the ratio of

(a) the sum of (i) the Consolidated Total Debt of the Borrower and its Subsidiaries on such date minus the sum of outstanding principal amount of any Unsecured Notes that meet each of the following characteristics: (A) the Indebtedness under such Unsecured Note matures after the latest maturity date of the Loans, (B) such Indebtedness is subject to payment-in kind interest payments and requires no cash interest or other payment, but in each case only (1) for so long as such interest payments are payment-in-kind under the documentation of any such Unsecured Notes as it exists on the Second Amendment Effective Date (all extensions, refinancings, refundings, renewals and increases of any such Indebtedness, or extensions or renewals of payment-in-kind features of such Indebtedness shall NOT meet this requirement) and (2) until such Indebtedness begins accruing interest that will require any cash payment, and (ii) all Indebtedness of Nexstar Finance Holdings requiring interest and/or principal payments in cash on or before such date to

(b) the Consolidated Operating Cash Flow of the Borrower and its Subsidiaries for the applicable Measurement Period relating to such date.

"Consolidation Expenses" means, for any period and with respect to any Person, the aggregate of all expenditures by such Person and its Subsidiaries on a consolidated basis during such period related to the consolidation of Stations.

"Continuing Directors" means, as of any date of determination, any member of the Board of Directors of the Ultimate Parent who (i) was a member of such Board of Directors or similar governing persons of the Ultimate Parent on the Effective Date; (ii) was nominated for election or elected to such Board of Directors with approval of a majority of the Continuing Directors who were members of such Board of Directors at the time of such nomination or election; or (iii) was nominated by one or more Principals owning at least 20% of the Voting Stock (measured by voting power rather than the number of shares) of the Ultimate Parent at the time of such nomination.

"Contractual Obligation" means, as to any Person, any provision of any security issued by such Person or of any agreement, undertaking, contract, lease, loan agreement, indenture, mortgage, deed of trust or other instrument, document or agreement to which such Person is a party or by which it or any of its property is bound.

"Control" means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of a Person, whether through the ability to exercise voting power, by contract or otherwise. "Controlling" and "Controlled" have meanings correlative thereto.

"Co-Syndication Agents" means UBS Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated, in their capacity as Co-Syndication Agents for the Lenders hereunder, and any successor to such agents.

"Credit Event" means the making of any Loan or the issuance of any Letter of Credit.

"Credit Parties" means the collective reference to the Parent Guarantors (including but not limited to Nexstar Finance Holdings), the Borrower, the Subsidiary Guarantors, the Mission Entities and any other Person hereafter executing and delivering a Security Document or a Guaranty Agreement or any equivalent document for the benefit of the Administrative Agent and/or any Lender; provided that David S. Smith will not be deemed to be a Credit Party.

"Debtor Relief Laws" means the Bankruptcy Code, and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the United States or other applicable jurisdictions from time to time in effect and affecting the rights of creditors generally.

"Default" means any event or circumstance that constitutes an Event of Default or that, with the giving of notice, the lapse of time, or both, would (if not cured or otherwise remedied during such time) constitute an Event of Default.

"Default Rate" means (a) when used with respect to Obligations other than Letter of Credit Fees, an interest rate equal to (i) the Base Rate plus (ii) the Applicable Margin, if any, applicable to Base Rate Loans plus (iii) 2% per annum; provided, however, that with respect to a Eurodollar Rate Loan, the Default Rate shall be an interest rate equal to the interest rate (including any Applicable Margin) otherwise applicable to such Loan plus 2% per annum, and (b) when used with respect to Letter of Credit Fees, a rate equal to the Applicable Margin plus 2% per annum.

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"Defaulting Lender" means any Mission Defaulting Lender or any Lender, as determined by the Administrative Agent, that has (a) failed to fund any portion of the Loans or participations in L/C Obligations required to be funded by it hereunder within one Business Day after the date required to be funded by it hereunder, (b) notified the Borrower, the Administrative Agent or the L/C Issuer in writing that it does not intend to comply with any of its funding obligations under this Agreement or has made a public statement to the effect that it does not intend to comply with its funding obligations under this Agreement or under other agreements generally in which it commits to extend credit, (c) failed, within three Business Days after request by the Administrative Agent, to confirm that it will comply with the terms of this Agreement relating to its obligations to fund prospective Loans and participations in then outstanding L/C Obligations, (d) otherwise failed to pay over to the Administrative Agent or any other Lender any other amount required to be paid by it hereunder within one Business Day after the date when due, unless the subject of a good faith dispute, or (e) (i) become or is insolvent or (ii) become the subject of a bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business or custodian, appointed for it, or has taken any action in furtherance of, or indicating its consent to, approval of or acquiescence in any such proceeding or appointment.

"Disposition" means the direct or indirect sale, assignment, lease (as lessor), transfer, conveyance or other disposition (including, without limitation, dispositions of or pursuant to Local Marketing Agreements, Joint Sales Agreement or Shared Services Agreements or pursuant to Sale and Leaseback Transactions), in a single transaction or a series of related transactions, by any Nexstar Entity to any Person (other than the Borrower or any Wholly-Owned Subsidiary of the Borrower) of any assets or property of any Nexstar Entity; provided that in any event the term "Disposition" shall mean and include sales, assignments, leases (as lessor), transfers, conveyances or other dispositions (including, without limitation, pursuant to Local Marketing Agreements, Joint Sales Agreements or Shared Services Agreements) of principal divisions, or lines of business of, any Nexstar Entity including, without limitation, any Station of any Nexstar Entity or the Capital Stock of any Subsidiary of any Nexstar Entity. The terms "Dispose" and "Disposed of" shall have correlative meanings.

"Disqualified Stock" means any Capital Stock which, by its terms (or by the terms of any security into which it is convertible or for which it is exchangeable), at the option of the holder thereof or upon the happening of any event, matures or is mandatorily redeemable pursuant to a sinking fund obligation or otherwise, or is redeemable, at the option of the holder thereof, in whole or in part.

"Dividend" means, with respect to any Person, that such Person has authorized, declared or paid a dividend or returned any equity capital to holders of its Capital Stock as such or made any other distribution, payment or delivery of property or cash to holders of its Capital Stock as such.

"Dollars" and "$" each mean lawful money of the United States.

"Domestic Lending Office" shall have the meaning specified in the definition of "Lending Office".

"Effective Date" has the meaning specified in Section 10.16.

"Eligible Assignee" means (a) a Lender; (b) an Affiliate of a Lender; (c) an Approved Fund; and (d) any other Person (other than a natural person) approved by (i) the Administrative Agent and the L/C Issuer, and (ii) unless an Event of Default has occurred and is continuing, the Borrower (each such approval not to be unreasonably withheld or delayed); provided that notwithstanding the foregoing, "Eligible Assignee" shall not include the Borrower or any of the Borrower's Affiliates or Subsidiaries.

“Environmental Laws” means any and all Federal, state, local, and foreign statutes, Laws, regulations, ordinances, rules, judgments, orders, decrees, permits, concessions, grants, franchises, licenses, agreements or governmental restrictions relating to pollution and the protection of the environment or the release of any materials into the environment, including those related to hazardous substances or wastes, air emissions and discharges to waste or public systems.

“Environmental Liability” means any liability, contingent or otherwise (including any liability for damages, costs of environmental remediation, fines, penalties or indemnities), of the Borrower, any other Credit Party or any of their respective Subsidiaries directly or indirectly resulting from or based upon (a) violation of any Environmental Law, (b) the generation, use, handling, transportation, storage, treatment or disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the release or threatened release of any Hazardous Materials into the environment or (e) any contract, agreement or other consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing.

"ERISA" means the Employee Retirement Income Security Act of 1974, and the rules and regulations promulgated thereunder as from time to time in effect.

"ERISA Affiliate" means any trade or business (whether or not incorporated) under common control with any Nexstar Entity within the meaning of Section 414(b) or (c) of the Code (and Sections 414(m) and (o) for purposes of provisions relating to Sections 412, 414(t)(2) and 4971 of the Code).

"ERISA Event" means (i) a Reportable Event with respect to a Pension Plan or a Multiemployer Plan which could reasonably be expected to result in a material liability to any Nexstar Entity; (ii) a withdrawal by any Nexstar Entity or any ERISA Affiliate from a Pension Plan subject to Section 4063 of ERISA during a plan year in which it was a substantial employer (as defined in Section 4001(a)(2) of ERISA) or a cessation of operations which is treated as such a withdrawal under Section 4062(e) of ERISA where such withdrawal or cessation could reasonably be expected to result in a material liability to any Nexstar Entity; (iii) a complete or partial withdrawal by any Nexstar Entity or any ERISA Affiliate from a Multiemployer Plan which could reasonably be expected to result in a material liability to any Nexstar Entity or notification that a Multiemployer Plan is insolvent or in reorganization; (iv) the filing of a notice of intent to terminate other than under a standard termination pursuant to Section 4041(b) of ERISA where such standard termination or the process of affecting such standard termination will not result in a material liability to any Nexstar Entity or an ERISA Affiliate, the treatment of a plan amendment as a termination under Section 4041 or 4041A of ERISA or the commencement of proceedings by the PBGC to terminate a Pension Plan or Multiemployer Plan; (v) a failure by any Nexstar Entity or any ERISA Affiliate to make required contributions to a Pension Plan, Multiemployer Plan or other Plan subject to Section 412 of the Code; (vi) an event or condition which might reasonably be expected to constitute grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Pension Plan or Multiemployer Plan; (vii) the imposition of any material liability under Title IV of ERISA, other than PBGC premiums due but not delinquent under Section 4007 of ERISA, upon any Nexstar Entity or any ERISA Affiliate; or (viii) an application for a funding waiver or an extension of any amortization period pursuant to Section 412 of the Code with respect to any Plan.

"Eurodollar Base Rate" means:

(a) For any Interest Period with respect to a Eurodollar Loan, the rate per annum equal to (i) the British Bankers Association LIBOR Rate as published by Reuters (or other commercially available source providing quotations of BBA LIBOR as designated by the Administrative Agent from time to time) (“BBA LIBOR”), at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period, for Dollar deposits (for delivery on the first day of such Interest Period) with a term equivalent to such Interest Period or (ii) if such published rate is not available at such time for any reason, the rate determined by the Administrative Agent to be the rate at which deposits in Dollars for delivery on the first day of such Interest Period in same day funds in the approximate amount of the Eurodollar Loan being made, continued or converted by Bank of America and with a term equivalent to such Interest Period would be offered by Bank of America’s London Branch to major banks in the London interbank Eurodollar market at their request at approximately 11:00 a.m. (London time) two Business Days prior to the commencement of such Interest Period; provided that, for an Interest Period of less than three months, if the Eurodollar Base Rate would, but for the application of this proviso, be less than the Eurodollar Base Rate for an Interest Period of three months, the Eurodollar Base Rate shall be the Eurodollar Base Rate for an Interest Period of three months.

(b) For any interest rate calculation with respect to a Base Rate Loan, the rate per annum equal to (i) BBA LIBOR, at approximately 11:00 a.m., London time on the date of determination (provided that if such day is not a Business Day in London, the next preceding London Business Day) for Dollar deposits being delivered in the London interbank market for a term of one month commencing that day or (ii) if such published rate is not available at such time for any reason, the rate determined by the Administrative Agent to be the rate at which deposits in Dollars for delivery on the date of determination in same day funds in the approximate amount of the Base Rate Loan being made, continued or converted by Bank of America and with a term equal to one month would be offered by Bank of America’s London Branch to major banks in the London interbank Eurodollar market at their request at the date and time of determination.

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"Eurodollar Loan" means any Loan that bears interest rate computed on the basis of the Eurodollar Rate.

"Eurodollar Rate" means for any Interest Period with respect to any Eurodollar Loan, a rate per annum equal to the greater of (a) 1.00% and (b) the rate determined by the Administrative Agent pursuant to the following formula:

Eurodollar Rate =

Eurodollar Base Rate

1.00 – Eurodollar Reserve Percentage

"Eurodollar Reserve Percentage" means, for any day during any Interest Period, the reserve percentage (expressed as a decimal, carried out to five decimal places) in effect on such day, whether or not applicable to any Lender, under regulations issued from time to time by the Federal Reserve Board for determining the maximum reserve requirement (including any emergency, supplemental or other marginal reserve requirement) with respect to Eurocurrency funding (currently referred to as "Eurocurrency liabilities"). The Eurodollar Rate for each outstanding Eurodollar Loan shall be adjusted automatically as of the effective date of any change in the Eurodollar Reserve Percentage.

"Event of Default" means any of the events or circumstances specified in Section 8.01.

"Excess Cash Flow" means for any Person for any period,

(a) the sum for such period of (i) Consolidated Net Income; plus (ii) Consolidated Amortization Expense and Consolidated Depreciation Expense, in each case to the extent deducted in determining such Consolidated Net Income; plus (iii) non-cash charges, to the extent deducted in determining such Consolidated Net Income;

less (to the extent not already deducted in determining Consolidated Net Income);

(b) the sum for such period of (i) Capital Expenditures of such Person and its consolidated Subsidiaries and payments becoming due and payable during such period by such Person and its consolidated Subsidiaries in respect of Film Obligations; plus (ii) Consolidation Expenses of such Person for such period; plus (iii) (A) Adjusted Working Capital of such Person as determined on the last day of such period minus (B) Adjusted Working Capital of such Person as determined on the first day of such period; plus (iv) regularly scheduled payments of principal and voluntary prepayments of principal of (x) Term B Loans, (y) to the extent accompanied by a Commitment reduction, Revolving Loans and (z) other Indebtedness, by such Person and its consolidated Subsidiaries, to the extent not prohibited hereunder; plus (v) all non-cash revenues and gains, to the extent included in determining such Consolidated Net Income; plus (vi) gains realized in respect of Dispositions, to the extent included in determining such Consolidated Net Income.

"Excluded Proceeds" means none.

"Excluded Taxes" means, with respect to the Administrative Agent, any Lender, the L/C Issuer or any other recipient of any payment to be made by or on account of any obligation of the Borrower hereunder, (a) taxes imposed on or measured by its overall net income (however denominated), and franchise taxes imposed on it (in lieu of net income taxes), by the jurisdiction (or any political subdivision thereof) under the Laws of which such recipient is organized or in which its principal office is located or, in the case of any Lender, in which its applicable Lending Office is located, (b) any branch profits taxes imposed by the United States or any similar tax imposed by any other jurisdiction in which the Borrower is located and (c) in the case of a Foreign Lender (other than an assignee pursuant to a request by the Borrower under Section 10.13), any withholding tax that is imposed on amounts payable to such Foreign Lender at the time such Foreign Lender becomes a party hereto (or designates a new Lending Office) or is attributable to such Foreign Lender's failure or inability (other than as a result of a Change in Law) to comply with Section 3.01(e), except to the extent that such Foreign Lender (or its assignor, if any) was entitled, at the time of designation of a new Lending Office (or assignment), to receive additional amounts from the Borrower with respect to such withholding tax pursuant to Section 3.01(a).

"Existing Nexstar Credit Agreement" has the meaning specified in Recital A.

"Extraordinary Receipt" means any cash received by or paid to or for the account of any Person not in the ordinary course of business (net of any taxes paid or payable as a result of the receipt of such cash (or reasonably and in good faith reserved for the payment of any such taxes after taking into account all available credits and deductions)), including tax refunds, pension plan reversions, proceeds of insurance (other than proceeds of business interruption insurance to the extent such proceeds constitute compensation for lost earnings), condemnation awards (and payments in lieu thereof), indemnity payments and any purchase price adjustments, provided that any amounts deducted from Extraordinary Receipts that are not immediately due and payable shall be delivered to the Administrative Agent to be held as collateral in accordance with the terms of Section 10.19(l).

"Facility Percentage" means, as to any Lender at any time, the quotient (expressed as a percentage) of (i) the sum of (A) such Lender's Revolving Commitment (as in effect at such time) or, if such Revolving Commitment has been terminated in full, such Lender's outstanding Revolving Loans and participations in L/C Obligations (or, without duplication, obligations held by the L/C Issuer in respect of L/C Obligations, in the case of the L/C Issuer), plus (B) such Lender's outstanding Term B Loans, divided by (ii) the sum of (A) the Aggregate Revolving Commitment (as in effect at such time) or, if the Aggregate Revolving Commitment has been terminated in full, the aggregate principal amount of outstanding Revolving Loans and L/C Obligations, plus (B) the Aggregate Outstanding Term B Loan Balance.

"FCC" means the Federal Communications Commission.

"FCC License" has the meaning specified in Section 5.17.

"Federal Funds Rate" means, for any day, the rate per annum equal to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers on such day, as published by the Federal Reserve Bank of New York on the Business Day next succeeding such day; provided that (a) if such day is not a Business Day, the Federal Funds Rate for such day shall be such rate on such transactions on the next preceding Business Day as so published on the next succeeding Business Day, and (b) if no such rate is so published on such next succeeding Business Day, the Federal Funds Rate for such day shall be the average rate (rounded upward, if necessary, to a whole multiple of 1/100 of 1%) charged to Bank of America on such day on such transactions as determined by the Administrative Agent.

"Federal Reserve Board" means the Board of Governors of the Federal Reserve System or any successor thereto.

"Fee Letters" means (i) the letter agreement, dated March 15, 2005, among the Borrower, the Mission Borrower, the Administrative Agent and BAS, (ii) the letter agreement, dated March 15, 2005, among the Borrower, the Mission Borrower, the Administrative Agent, the Joint Lead Arrangers, the Joint Book Managers, UBS Loan Finance LLC and Merrill Lynch Capital Corporation, and (iii) any other fee letter entered into by the Borrower any Agent, Joint Lead Arranger, Joint Book Manager or Lender in connection with this Agreement.

"Film Cash Payments" means, for any period for any Person, the sum (determined on a consolidated basis and without duplication) of all payments by such Person and its Subsidiaries becoming due and payable during such period in respect of Film Obligations; provided that amounts applied to the prepayment of Film Obligations owing under Prepayable Film Contracts shall not be deemed to be Film Cash Payments.

"Film Obligations" means obligations in respect of the purchase, use, license or acquisition of programs, programming materials, films, and similar assets used in connection with the business and operations of the Borrower and its Subsidiaries.

"Fiscal Quarter" means each of the following quarterly periods: (i) January 1 of each calendar year through and including March 31 of such calendar year, (ii) April 1 of each calendar year through and including June 30 of such calendar year, (iii) July 1 of each calendar year through and including September 30 of such calendar year and (iv) October 1 through and including December 31 of such calendar year.

"Fiscal Year" means a calendar year.

"Foreign Lender" means any Lender that is organized under the Laws of a jurisdiction other than that in which the Borrower is resident for tax purposes. For purposes of this definition, the United States, each State thereof and the District of Columbia shall be deemed to constitute a single jurisdiction.

"Former Major Network Affiliate" at any time means any Station that, at such time, is not subject to a Network Affiliation Agreement with a Major Television Network, if either (i) such Station is subject to a Network Affiliation Agreement with a Major Television Network on the Effective Date, or (ii) if such Station is not a Station on the Effective Date, then such Station was subject to a Network Affiliation Agreement with a Major Television Network on the date it became a Station; provided that, for purposes of this definition and Section 8.01(p), two or more Stations that substantially simulcast the same programming will be deemed to be a single Station so long as they do so.

"Fund" means any Person (other than a natural person) that is (or will be) engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its business.

"GAAP" means generally accepted accounting principles in the United States set forth in the opinions and pronouncements of the Accounting Principles Board and the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or such other principles as may be approved by a significant segment of the accounting profession in the United States, that are applicable to the circumstances as of the date of determination, consistently applied.

"Governmental Authority" means the government of the United States or any other nation, or of any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government (including any supra-national bodies such as the European Union or the European Central Bank).

5432462v.2 25690/684

"Granting Lender" has the meaning specified in Section 10.06(h).

"Guarantor" means each Credit Party which is a party to a Guaranty Agreement.

"Guaranty Agreements" means the Nexstar Guaranty Agreement, the Mission Guaranty of Nexstar Obligations, the Nexstar Guaranty of Mission Obligations, each Guaranty Supplement to each of the foregoing and any other agreement executed and delivered to the Administrative Agent guaranteeing any of the Obligations, and any and all amendments, modifications, restatements, extensions, increases, rearrangements and/or substitutions of any of the foregoing.

"Guaranty Obligation" means, as applied to any Person, any direct or indirect liability of that Person with respect to any Indebtedness, lease, dividend, letter of credit or other obligation (the "primary obligations") of another Person (the "primary obligor"), including any obligation of that Person, whether or not contingent, without duplication (i) to purchase, repurchase or otherwise acquire such primary obligations or any property constituting direct or indirect security therefor; (ii) to advance or provide funds (x) for the payment or discharge of any such primary obligation, or (y) to maintain working capital or equity capital of the primary obligor or otherwise to maintain the net worth or solvency or any balance sheet item, level of income or financial condition of the primary obligor; (iii) to purchase property, securities or services primarily for the purpose of assuring the owner of any such primary obligation of the ability of the primary obligor to make payment of such primary obligation; or (iv) otherwise to assure or hold harmless the holder of any such primary obligation against loss in respect thereof; in each case, including arrangements ("non-recourse guaranty arrangements") wherein the rights and remedies of the holder of the primary obligation are limited to repossession or sale of certain property of such Person. The amount of any Guaranty Obligation shall be deemed equal to the stated or determinable amount of the primary obligation in respect of which such Guaranty Obligation is made (or if less, the stated or determinable amount of such Guaranty Obligation) or, if not stated or if indeterminable, the maximum reasonably anticipated liability in respect thereof; provided that the amount of any non-recourse guaranty arrangement shall not be deemed to exceed the fair value of the property which may be repossessed or sold by the holder of the primary obligation in question.

"Guaranty Supplements" means each of the Guaranty Supplements which are attached to the Guaranty Agreements as Annex A thereto.

“Hazardous Materials” means all explosive or radioactive substances or wastes and all hazardous or toxic substances, wastes or other pollutants, including petroleum or petroleum distillates, asbestos or asbestos-containing materials, polychlorinated biphenyls, radon gas, infectious or medical wastes and all other substances or wastes of any nature regulated pursuant to any Environmental Law.

"Hedge Bank" means (a) any Person that, at the time it entered into an Interest Rate Protection Agreement permitted under Article VII, was a Lender or an Affiliate of a Lender and (b) the Administrative Agent and each of its Affiliates party to an Interest Rate Protection Agreement, in its capacity as a party to such Interest Rate Protection Agreement.

"Highest Lawful Rate" means at the particular time in question the maximum rate of interest which, under Applicable Law, any Lender is then permitted to charge on the Obligations. If the maximum rate of interest which, under Applicable Law, any Lender is permitted to charge on the Obligations shall change after the date hereof, the Highest Lawful Rate shall be automatically increased or decreased, as the case may be, from time to time as of the effective time of each change in the Highest Lawful Rate without notice to the Borrower. For purposes of determining the Highest Lawful Rate under Texas Law (if applicable), on each day, if any, that Chapter 303 of the Texas Finance Code, as amended, establishes the Highest Lawful Rate, such rate shall be the weekly ceiling computed in accordance with Section 303.003 of the Texas Finance Code, as amended, for that day.

"Holders" means the requisite holders of any of the Senior Second Lien Secured Notes or Subordinated Notes, as applicable, of any class or type, or the trustee of any indenture executed in connection with such Senior Second Lien Secured Notes or Subordinated Notes, as applicable, in each case as applicable such that such holders or trustee is authorized to act on behalf of all such holders of the Senior Second Lien Secured Notes or Subordinated Notes of such class or type.

"Honor Date" has the meaning specified in Section 2.03(c)(i).

"Impacted Lender" means a Defaulting Lender, a Mission Impacted Lender or a Lender as to which (a) the L/C Issuer or the Administrative Agent has a good faith belief that the Lender has defaulted in fulfilling its obligations under one or more other syndicated credit facilities or (b) an entity that Controls the Lender has been deemed insolvent or become subject to a bankruptcy or other similar proceeding.

"Incremental Facility" [Intentionally Deleted].

"Incremental Revolving Commitments" [Intentionally Deleted].

"Incremental Revolving Lenders" [Intentionally Deleted].

"Incremental Revolving Loans" [Intentionally Deleted].

"Indebtedness" of any Person means, without duplication, (i) all indebtedness for borrowed money; (ii) all obligations issued, undertaken or assumed as the deferred purchase price of property or services (other than (x) trade payables entered into in the ordinary course of business pursuant to ordinary terms and (y) ordinary course purchase price adjustments); (iii) all reimbursement or payment obligations with respect to letters of credit or non-contingent reimbursement or payment obligations with respect to bankers' acceptances, surety bonds and similar documents; (iv) all obligations evidenced by notes, bonds, debentures or similar instruments, including obligations so evidenced incurred in connection with the acquisition of property, assets or businesses; (v) all indebtedness created or arising under any conditional sale or other title retention agreement or sales of accounts receivable, in any such case with respect to property acquired by the Person (even though the rights and remedies of the seller or bank under such agreement in the event of default are limited to repossession or sale of such property); (vi) all Capital Lease Obligations; (vii) all net obligations with respect to Interest Rate Protection Agreements; (viii) Disqualified Stock; (ix) all indebtedness referred to in clauses (i) through (viii) above secured by (or for which the holder of such Indebtedness has an existing right, contingent or otherwise, to be secured by) any Lien upon or in property (including accounts and contracts rights) owned by such Person, even though such Person has not assumed or become liable for the payment of such Indebtedness (in which event the amount thereof shall not be deemed to exceed the fair value of such property); and (x) all Guaranty Obligations in respect of obligations of the kinds referred to in clauses (i) through (ix) above.

"Indemnified Taxes" means Taxes other than Excluded Taxes.

"Indemnitee" has the meaning specified in Section 10.04(b).

"Information" has the meaning specified in Section 10.07.

"Information Certificate" means a certificate of the Borrower executed on the Borrower's behalf by a Responsible Officer of the Borrower, substantially in the form of Exhibit E.

"Initial Borrowing Date" means the date, occurring on the Effective Date, on which the initial Credit Event occurs.

"Initial Excess Cash Flow" means for any Person for any period,

(b) the sum for such period of (i) Capital Expenditures of such Person and its consolidated Subsidiaries and payments becoming due and payable during such period by such Person and its consolidated Subsidiaries in respect of Film Obligations; plus (ii) Consolidation Expenses of such Person for such period; plus (iii) (A) Adjusted Working Capital of such Person as determined on the last day of such period minus (B) Adjusted Working Capital of such Person as determined on the first day of such period; plus (iv) regularly scheduled payments of principal and voluntary prepayments of principal of (x) Term B Loans, (y) to the extent accompanied by a Commitment reduction, Revolving Loans and (z) other Indebtedness, by such Person and its consolidated Subsidiaries, to the extent not prohibited hereunder; plus (v) all Restricted Payments paid by such Person or any of its consolidated Subsidiaries (other than to such Person or any such Subsidiary) permitted by Section 7.10 of this Agreement as it existed immediately prior to the Second Amendment Effective Date; plus (vi) all non-cash revenues and gains, to the extent included in determining such Consolidated Net Income; plus (vii) gains realized in respect of Dispositions, to the extent included in determining such Consolidated Net Income.

5432462v.2 25690/684

"Initial Public Offering" means the sale by the Ultimate Parent of shares of its common stock in a public offering registered under the Securities Act of 1933.

"Insolvency Proceeding" means (i) any case, action or proceeding before any court or other Governmental Authority relating to bankruptcy, reorganization, insolvency, liquidation, receivership, dissolution, winding-up or relief of debtors, or (ii) any general assignment for the benefit of creditors, composition, marshalling of assets for creditors, or other, similar arrangement in respect of its creditors generally; in each case undertaken under U.S. Federal, State or foreign Law, including the Bankruptcy Code.

"Intellectual Property" has the meaning specified in Section 5.09.

"Intercreditor Agreement" has the meaning specified in Section 7.05(s).

"Interest Payment Date" means (i) with respect to any Base Rate Loan, the last Business Day of each calendar quarter and the Maturity Date, (ii) with respect to any Eurodollar Loan, the last day of each Interest Period applicable to such Eurodollar Loan and the date such Eurodollar Loan is repaid or prepaid; provided, however, that if any Interest Period for any Eurodollar Loan exceeds three months, then the date which falls three months after the beginning of such Interest Period or, if applicable, at the end of any three-month interval thereafter shall also be an "Interest Payment Date" for such Eurodollar Loan.

"Interest Period" means, in relation to any Eurodollar Loan, the period commencing on the date such Eurodollar Loan is disbursed or converted to or continued as a Eurodollar Loan and ending on the date one, two, three or six months thereafter (or, nine or twelve months thereafter upon the request of the Borrower and the consent of the Administrative Agent and each Lender that is making or has made such Loan, which shall not be unreasonably withheld, if loans of such duration are generally available in the London interbank Eurodollar market), as selected or deemed selected by the Borrower in its Revolving Loan Notice or Term B Loan Notice, as the case may be; provided that:

(i) if any Interest Period would otherwise end on a day which is not a Business Day, such Interest Period shall be extended to the next succeeding Business Day unless the result of such extension would be to carry such Interest Period into another calendar month, in which event such Interest Period shall end on the immediately preceding Business Day;

(ii) any Interest Period that begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of the calendar month which is one, two, three, six, nine or twelve months, as the case may be, after the calendar month in which such Interest Period began; and

(iii) no Interest Period for any Loan shall extend beyond the Maturity Date.

"Interest Rate Protection Agreement" means an interest rate swap, cap, collar, option or similar arrangement entered into to hedge interest rate risk (and not for speculative purposes), including without limitation, fixed to floating and floating to fixed, and any other derivative product, so long as such other derivative product is consented to by Administrative Agent.

"Internal Control Event" means a material weakness in, or fraud that involves management or other employees who have a significant role in, the Borrower’s or Ultimate Parent's internal controls over financial reporting, in each case as described in the Securities Laws.

"ISP" means, with respect to any Letter of Credit, the "International Standby Practices 1998" published by the Institute of International Banking Law & Practice (or such later version thereof as may be in effect at the time of issuance).

"Issuer Documents" means with respect to any Letter of Credit, the Letter of Credit Application, and any other document, agreement and instrument entered into by the L/C Issuer and the Borrower (or any Subsidiary) or in favor of the L/C Issuer and relating to any such Letter of Credit.

"Joinder to Pledge and Security Agreement" means a supplement to the Pledge and Security Agreement in the form of Annex B thereto, whereby a Nexstar Entity becomes a party to, and assumes all obligations of, a pledgor under the Pledge and Security Agreement.

"Joinder to Security Agreement" means a supplement to the Security Agreement in the form of Annex C thereto, whereby a Nexstar Entity becomes a party to, and assumes all obligations of, a grantor under the Security Agreement.

"Joint Book Managers" means Bank of America Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated, in their capacity as Joint Book Managers.

"Joint Lead Arrangers" means Bank of America Securities LLC and UBS Securities LLC, in their capacity as Joint Lead Arrangers.

"Joint Sales Agreement" means an agreement for the sale of commercial or advertising time or any similar arrangement pursuant to which a Person obtains the right to (i) sell at least a majority of the time for commercial spot announcements, and/or resell to advertisers such time on, (ii) provide the sales staff for the sale of the advertising time or the collection of accounts receivable with respect to commercial advertisements broadcast on, (iii) set the rates for advertising on and/or (iv) provide the advertising material for broadcast on, a television broadcast station the FCC License of which is held by a Person other than an Affiliate of such Person.

"Laws" means, collectively, all international, foreign, Federal, state and local statutes, treaties, rules, guidelines, regulations, ordinances, codes and administrative or judicial precedents or authorities, including the interpretation or administration thereof by any Governmental Authority charged with the enforcement, interpretation or administration thereof, and all applicable administrative orders, directed duties, requests, licenses, authorizations and permits of, and agreements with, any Governmental Authority, in each case whether or not having the force of law.

"L/C Advance" means, with respect to each Lender, such Lender's funding of its participation in any L/C Borrowing in accordance with its Revolving Commitment Percentage.

"L/C Borrowing" means an extension of credit resulting from a drawing under any Letter of Credit which has not been reimbursed on the date when made or refinanced as a Revolving Borrowing.

"L/C Credit Extension" means, with respect to any Letter of Credit, the issuance thereof or extension of the expiry date thereof, or the increase of the amount thereof.

"L/C Issuer" means Bank of America in its capacity as issuer of Letters of Credit hereunder, or any successor issuer of Letters of Credit hereunder.

"L/C Obligations" means, as at any date of determination, the aggregate amount available to be drawn under all outstanding Letters of Credit plus the aggregate of all Unreimbursed Amounts, including all L/C Borrowings. For purposes of computing the amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.07. For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Rule 3.14 of the ISP, such Letter of Credit shall be deemed to be "outstanding" in the amount so remaining available to be drawn.

"Leasehold" of any Person means all of the right, title and interest of such Person as lessee or licensee in, to and under leases or licenses of land, improvements and/or fixtures.

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"Lenders" has the meaning specified in the Preamble hereto and such term shall also include the L/C Issuer, the Administrative Agent in its capacity as a lender hereunder and the Co-Syndication Agents in their capacities as lenders hereunder.

"Lending Office" means, as to any Lender, the office or offices of such Lender described as such in such Lender's Administrative Questionnaire, or such other office or offices as a Lender may from time to time notify the Borrower and the Administrative Agent.

"Letter of Credit" means any standby letter of credit issued hereunder.

"Letter of Credit Application" means an application and agreement for the issuance or amendment of a Letter of Credit in the form from time to time in use by the L/C Issuer.

"Letter of Credit Expiration Date" means the day that is seven days prior to the Stated Revolving Credit Maturity Date (or, if such day is not a Business Day, the next preceding Business Day).

"Letter of Credit Fee" has the meaning specified in Section 2.03(i).

"Letter of Credit Sublimit" means an amount equal to $1,000,000. The Letter of Credit Sublimit is part of, and not in addition to, the Aggregate Revolving Commitments.

"License" means any authorization, permit, consent, franchise, ordinance, registration, certificate, license, agreement or other right filed with, granted by or entered into with a Governmental Authority or other Person which permits or authorizes the use of an electromagnetic transmission frequency or the construction or operation of a broadcast television station system or any part thereof or any other authorization, permit, consent, franchise, ordinance, registration, certificate, license, agreement or other right filed with, granted by or entered into with a Governmental Authority or other Person which is necessary for the lawful conduct of the business of constructing or operating a broadcast television station.

"Lien" means, with respect to any property or asset (or any revenues, income or profits therefrom) of any Person (in each case whether the same is consensual or nonconsensual or arises by contract, operation of law, legal process or otherwise), (i) any mortgage, lien, security interest, pledge, attachment, levy or other charge or encumbrance of any kind thereupon or in respect thereof or (ii) any other arrangement under which the same is transferred, sequestered or otherwise identified with the intention of subjecting the same to, or making the same available for, the payment or performance of any liability in priority to the payment of the ordinary, unsecured creditors of such Person. For purposes of this Agreement, a Person shall be deemed to own subject to a Lien any asset that it has acquired or holds subject to the interest of a vendor or lessor under any conditional sale agreement, Capital Lease or other title retention agreement relating to such asset.

"Liquidity" means, on any date of determination for the Borrower and its Subsidiaries on a consolidated basis, the sum of (a) aggregate available cash on hand of the Borrower on such date (not including cash in Cash Collateral Accounts or used to Cash Collateralize any of the Obligations), plus (b) the Available Revolving Commitment on such date.

"Loan" means any extension of credit made by any Lender pursuant to this Agreement.

"Loan Documents" means this Agreement, all Guaranty Agreements, all Security Documents, all Confirmation Agreements, all Issuer Documents, any Request for Credit Extension, any Notes executed and delivered pursuant to Section 2.11(a) or in connection with any reallocation of the Revolving Commitment under the Revolver Reallocation Letter, the Revolver Reallocation Letter, all Secured Cash Management Agreements, and all other waivers, consents, agreements and amendments executed in connection with the Revolver Reallocation Letter, any Secured Hedge Agreement, any other subordination agreement entered into with any Person with respect to the Obligations, the Fee Letters and any other agreements between any Person and any Lender respecting fees payable in connection with this Agreement, and any amendment and/or other agreements executed in connection with any Replacement Term B Loans and all other written agreements, documents, instruments and certificates now or hereafter executed and delivered by any Credit Party or any other Person to or for the benefit of the Administrative Agent, any Lender or any Affiliate of any Lender pursuant to or in connection with any of the foregoing, and any and all amendments, increases, supplements and other modifications thereof and all renewals, extensions, restatements, rearrangements and/or substitutions from time to time of all or any part of the foregoing; provided, that, for the purposes of Sections 8.02 and 10.01 of this Agreement, the term "Loan Documents" shall not include any Interest Rate Protection Agreement, Secured Hedge Agreement or any Secured Cash Management Agreement.

"Local Marketing Agreement" means a local marketing arrangement, time brokerage agreement, management agreement or similar arrangement pursuant to which a Person, subject to customary preemption rights and other limitations, obtains the right to exhibit programming and sell advertising time during more than fifteen percent (15%) of the air time of a television broadcast station licensed to another Person.

"Major Television Network" means any of ABC, Inc., National Broadcasting Company, Inc., CBS, Inc., FOX Television Network, or any other television network which produces and makes available more than 15 hours of weekly prime time television programming.

"Majority Lenders" means, at any time, (i) Lenders that are not Defaulting Lenders and whose Facility Percentages aggregate more than 50% of the aggregate Facility Percentages of the Lenders that are not Defaulting Lenders, and (ii) Mission Lenders (whether or not also Lenders) that are not Defaulting Lenders and whose respective Mission Facility Percentages aggregate more than 50% of the aggregate Mission Facility Percentages of the Mission Lenders that are not Defaulting Lenders.

"Majority Revolver Lenders" means, at any time, Revolving Lenders that are not Defaulting Lenders having more than 50% of the Aggregate Combined Revolving Commitment (as in effect at such time) of the Revolving Lenders that are not Defaulting Lenders or, if the Aggregate Combined Revolving Commitment has been terminated in full, the aggregate principal amount of outstanding Revolving Loans and L/C Obligations of the Revolving Lenders that are not Defaulting Lenders.

5432462v.2 25690/684

"Margin Stock" means "margin stock" as such term is defined in Regulation T, U or X of the Federal Reserve Board.

"Material Adverse Effect" means, relative to any occurrence of whatever nature (including any adverse determination in any litigation, arbitration or governmental investigation or proceeding), a material adverse effect (i) on the operations, business, assets, properties, condition (financial or otherwise) or prospects of the Nexstar Entities taken as a whole, (ii) the ability of any Credit Party to perform its obligations under the Loan Documents to which it is a party or (iii) the validity or enforceability of this Agreement or any other Loan Document or the rights and remedies of the Administrative Agent or the Lenders under this Agreement or any of the other Loan Documents.

"Maturity Date" for any Loan means (i) with respect to Revolving Loans, the Stated Revolving Credit Maturity Date, and (ii) with respect to Term B Loans, the Stated Term B Maturity Date.

"Measurement Period" means, with respect to any date, the most recently ended four consecutive Fiscal Quarter period for which financial statements have been or were required to have been delivered to the Administrative Agent pursuant to Section 6.01(a) or (b) prior to such date.

"Mission Aggregate Available Revolving Commitment" means the "Aggregate Available Revolving Commitment" as that term is defined in the Mission Credit Agreement.

"Mission Borrower" means the "Borrower" as that term is defined in the Mission Credit Agreement.

"Mission Commitments" means the "Commitments" as that term is defined in the Mission Credit Agreement.

"Mission Credit Agreement" means that Third Amended and Restated Credit Agreement, dated as of the date of this Agreement among Mission Borrower, as borrower, the financial institutions from time to time parties thereto, Bank of America, N.A., as administrative agent, UBS Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as the co-syndication agents, as the same may be further amended, modified, restated, supplemented, renewed, extended, increased, rearranged and/or substituted from time to time.

"Mission Defaulting Lender" means "Defaulting Lender" as defined in the Mission Credit Agreement.

"Mission Entity" means the Mission Borrower or any Person which is a direct or indirect Subsidiary of the Mission Borrower.

"Mission Facility Percentage" means the "Facility Percentage" as that term is defined in the Mission Credit Agreement.

"Mission Guaranty of Nexstar Obligations" means the First Restated Guaranty Agreement, dated as of December 30, 2003, executed by the Mission Entities in favor of the Lenders, whereby the Mission Entities have guaranteed the Obligations.

"Mission Impacted Lender" means "Impacted Lender" as that term is defined in the Mission Credit Agreement.

"Mission Lenders" means the "Lenders" as that term is defined in the Mission Credit Agreement.

"Mission Letters of Credit" means the "Letters of Credit" as that term is defined in the Mission Credit Agreement.

"Mission Loan" means any extension of credit made by any Lender under or pursuant to the Mission Credit Agreement.

"Mission Loan Documents" means the "Loan Documents" as that term is defined in the Mission Credit Agreement.

"Mission Obligations" means the "Obligations" as that term is defined in the Mission Credit Agreement.

"Mission Term B Lenders" means the "Term B Lenders" as that term is defined in the Mission Credit Agreement.

"Moody's" means Moody's Investors Service, Inc., and its successors.

"Mortgage Policies" means the Mortgage Policies under, and as defined in, the Existing Nexstar Credit Agreement, and all other New Mortgage Policies and other title policies delivered in connection with this Agreement, the Loan Documents and the Mission Loan Documents.

"Mortgaged Properties" means all Real Property owned or leased by any Nexstar Entity or Mission Entity and listed on Schedule 5.09 (and not one of the two properties listed on such schedule asterisked as not to be mortgaged), and all other real property owned by any Credit Party which is subject to a New Mortgage or other mortgage or deed of trust Lien to secure all or any part of the Obligations.

"Mortgages" means all Mortgages (as defined in the Existing Nexstar Credit Agreement) granted by certain of the Nexstar Entities pursuant to the Existing Nexstar Credit Agreement (or any predecessor credit agreement which was amended and restated by the Existing Nexstar Credit Agreement) and which have not been released prior to the Effective Date, together with all New Mortgages and all other mortgages and deeds of trust granted by any of the Credit Parties to secure all or any portion of the Obligations, whether pursuant to the terms of Sections 6.16 and 6.17 or otherwise.

"Multiemployer Plan" means a "multiemployer plan" (within the meaning of Section 4001(a)(3) of ERISA) and to which any Nexstar Entity or any ERISA Affiliate makes, is making, or is obligated to make contributions or, during the preceding three calendar years, has made, or been obligated to make, contributions.

"Net Cash Proceeds" means, in connection with any Disposition (including any Sale and Leaseback Transaction), the cash proceeds (including any cash payments received by way of deferred payment pursuant to a promissory note, receivable or otherwise, but only as and when received in cash, this provision not permitting any payment to be made by means other than cash) of such Disposition net of (i) reasonable transaction costs (including any underwriting, brokerage or other selling commissions and reasonable legal, advisory and other fees and expenses, including title and recording expenses, associated therewith actually incurred and satisfactorily documented), and (ii) taxes estimated to be paid as a result of such Disposition, provided that any amounts deducted from Net Cash Proceeds that are not immediately due and payable shall be delivered to the Administrative Agent to be held as collateral in accordance with the terms of Section 10.19(l).

"Net Debt Proceeds" means, with respect to the incurrence or issuance of any Indebtedness by any Nexstar Entity, (i) the gross cash proceeds received in connection with such incurrence or issuance, as and when received, minus (ii) all reasonable out-of-pocket transaction costs (including legal, investment banking or other fees and disbursements) associated therewith actually incurred (whether by such Nexstar Entity or an Affiliate thereof), satisfactorily documented and paid or payable (whether on behalf of such Nexstar Entity or an Affiliate thereof) to any Person not an Affiliate of a Nexstar Entity, provided that any amounts deducted from Net Debt Proceeds that are not immediately due and payable shall be delivered to the Administrative Agent to be held as collateral in accordance with the terms of Section 10.19(l).

"Net Issuance Proceeds" means, with respect to the sale or issuance of Capital Stock, or any capital contribution to, any Nexstar Entity from a source other than a Nexstar Entity, (i) the gross cash proceeds received in connection with such sale or issuance or such capital contribution, as and when received minus (ii) all reasonable out-of-pocket transaction costs (including legal, investment banking or other fees and disbursements) associated therewith actually incurred (whether by such Nexstar Entity or an Affiliate thereof), satisfactorily documented and paid (whether on behalf of such Nexstar Entity or an Affiliate thereof) to any Person not an Affiliate of a Nexstar Entity, provided that any amounts deducted from Net Issuance Proceeds that are not immediately due and payable shall be delivered to the Administrative Agent to be held as collateral in accordance with the terms of Section 10.19(l).

"Network Affiliation Agreements" means each agreement set forth on Schedule 5.21 and each other agreement entered into by a Television Company with any Major Television Network pursuant to which a Television Company and such Major Television Network agree to be affiliated and such Major Television Network agrees that such Television Company shall serve as that Major Television Network's primary outlet within any defined market for television programming provided by such Major Television Network for broadcast by its station affiliates.

"New Mortgages" has the meaning specified in Section 6.17(a).

"New Mortgage Policies" has the meaning specified in Section 6.17(a)(ii).

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"Nexstar Entity" means the Ultimate Parent and any Person which is a direct or indirect Subsidiary of the Ultimate Parent.

"Nexstar Finance Holdings" means Nexstar Finance Holdings, Inc., a Delaware corporation and a Nexstar Entity.

"Nexstar Guaranty Agreement" means that certain First Restated Guaranty Agreement, dated as of December 30, 2003, executed and delivered by the Parent Guarantors and the Subsidiary Guarantors in favor of the Lenders, whereby the Parent Guarantors and the Subsidiary Guarantors guaranty the obligations of the Borrower under the Loan Documents.

"Nexstar Guaranty of Mission Obligations" means that certain First Restated Guaranty Agreement, dated as of December 30, 2003, executed and delivered by the Nexstar Entities in favor of the Mission Lenders, whereby the Nexstar Entities guaranty the obligations of the Mission Entities under the Mission Loan Documents.

"Nexstar/Mission Agreements" means any and all agreements executed between or among the Borrower and the Mission Borrower, or any Nexstar Entity and any Mission Entity, including, without limitation, those agreements listed on Schedule 1.01A.

"Nexstar Stockholders Agreement" means the Stockholders Agreement, dated as of November 26, 2003, among the Ultimate Parent, ABRY L.P. II, ABRY L.P. III, Banc of America Capital Investors and Sook, without giving effect to any amendments or waivers thereto.

"Notes" means, collectively, the Revolving Loan Notes and the Term B Loan Notes.

“NPL” means the National Priorities List under CERCLA.

"Obligations" means all advances to, and debts, liabilities, obligations, covenants and duties of, any Credit Party arising under any Loan Document or otherwise with respect to any Loan, Letter of Credit or other obligations and liabilities of any Credit Party to the Administrative Agent or to any Lender (or, in the case of any Secured Hedge Agreement or Secured Cash Management Agreement, any Affiliate of any Lender), whether direct or indirect (including those acquired by assumption), absolute or contingent, due or to become due, now existing or hereafter arising and including interest and fees that accrue after the commencement by or against any Credit Party or any Affiliate thereof of any proceeding under any Debtor Relief Laws naming such Person as the debtor in such proceeding, regardless of whether such interest and fees are allowed claims in such proceeding.

"OECD" means the Organization for Economic Cooperation and Development.

"Other Taxes" means all present or future stamp or documentary taxes or any other excise or property taxes, charges or similar levies arising from any payment made hereunder or under any other Loan Document or from the execution, delivery or enforcement of, or otherwise with respect to, this Agreement or any other Loan Document.

"Outstanding Amount" means (i) with respect to Revolving Loans and Term B Loans on any date, the aggregate outstanding principal amount thereof after giving effect to any borrowings and prepayments or repayments of Revolving Loans and Term B Loans, as the case may be, occurring on such date; and (ii) with respect to any L/C Obligations on any date, the amount of such L/C Obligations on such date after giving effect to any L/C Credit Extension occurring on such date and any other changes in the aggregate amount of the L/C Obligations as of such date, including as a result of any reimbursements by the Borrower of Unreimbursed Amounts.

"Parent Guarantor" means the Ultimate Parent and all Subsidiaries of the Ultimate Parent other than the Borrower and the Subsidiary Guarantors.

"Participant" has the meaning specified in Section 10.06(d).

"PBGC" means the Pension Benefit Guaranty Corporation or any entity succeeding to any of its principal functions under ERISA.

"Pension Plan" means a pension plan (as defined in Section 3(2) of ERISA) subject to Title IV of ERISA which any Nexstar Entity or any ERISA Affiliate sponsors or maintains, or to which it makes, is making, or is obligated to make contributions, or in the case of a multiple employer plan (as described in Section 4064(a) of ERISA) has made contributions at any time during the immediately preceding five (5) plan years, but excluding any Multiemployer Plan.

“Permitted Encumbrances” has the meaning specified in the New Mortgages.

"Permitted Liens" has the meaning specified in Section 7.02.

"Permitted Parent Preferred Equity" means none.

"Permitted Revolver Reallocation" has the meaning specified in the Revolver Reallocation Letter.

"Person" means any natural person, corporation, limited liability company, trust, joint venture, association, company, partnership, Governmental Authority or other entity.

"Plan" means an employee benefit plan (as defined in Section 3(3) of ERISA) which any Nexstar Entity or any ERISA Affiliate sponsors or maintains or to which any Nexstar Entity or any ERISA Affiliate makes, is making, or is obligated to make contributions and includes any Pension Plan or Multiemployer Plan.

"Platform" has the meaning specified in Section 6.02.

"Pledge and Security Agreement" means the First Restated Pledge and Security Agreement, dated as of December 30, 2003, pursuant to which each Credit Party has pledged or collaterally assigned 100% of the Capital Stock of each of its Subsidiaries, and any intercompany notes held by it.

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"Pledged Collateral" has the meaning specified in the Nexstar Pledge and Security Agreement.

"Prepayable Film Contract" means a contract evidencing a Film Obligation in which the amount owed by a Person or any of its Subsidiaries under such contract exceeds the remaining value of such contract to such Person or such Subsidiary, as reasonably determined by such Person.

"Prime Rate" means the rate of interest in effect for such day as publicly announced from time to time by Bank of America as its “prime rate.” The “prime rate” is a rate set by Bank of America based upon various factors including Bank of America’s costs and desired return, general economic conditions and other factors, and is used as a reference point for pricing some loans, which may be priced at, above, or below such announced rate. Any change in such rate announced by Bank of America shall take effect at the opening of business on the day specified in the public announcement of such change.

"Principal" means ABRY Partners, LLC or any Person that (i) directly or indirectly, is in control of, is controlled by, or is under common control with, ABRY Partners, LLC, and (ii) is organized primarily for the purpose of making equity or debt investments in one or more companies or a Person controlled by ABRY Partners, LLC. For purposes of this definition, "control" of a Person means the power, directly or indirectly, to direct or cause the direction of the management and policies of such Person whether by contract or otherwise.

"Pro Forma Basis" means a method of calculation using financial information of a specified date (and/or the applicable Measurement Period relating to such specified date, as applicable), but including in such calculation the financial effect of the relevant or proposed transactions (in connection with which such calculation is required to be made), as if such transactions had been consummated on the first day of the applicable Measurement Period or the date being tested (as applicable). Any calculation or preparation pursuant to the foregoing shall be made in good faith by the Borrower and shall be set forth in a certificate, as provided herein, furnished to the Lenders showing such calculation (and the methodology used) in reasonable detail (with supporting schedules as to the results of operations of the assets Acquired or Disposed of, if applicable), which calculation or preparation and methodology shall be reasonably satisfactory to the Administrative Agent.

"Pro Forma Compliance Certificate" means, for any Person, a Compliance Certificate with respect to the financial covenants in Section 7.09, prepared on a Pro Forma Basis with respect to the relevant proposed transaction for which such Pro Forma Compliance Certificate is required to be delivered and any other transactions relating thereto certifying and demonstrating that no Default exists both before and after giving effect to such proposed transaction, with such changes as acceptable to the Administrative Agent.

"Quorum Contingent Note" means the Second Amended and Restated Subordinated Promissory Note, dated as of December 30, 2003, made by the Ultimate Parent and payable to Midwest Television Statutory Trust, II.

"Real Property" means, with respect to any Person, all of the right, title and interest of such Person in and to land, improvements and fixtures, including Leaseholds.

"Recovery Event" means the receipt by any Nexstar Entity of any insurance or other cash proceeds payable by reason of theft, loss, physical destruction, condemnation or damage or any other similar event with respect to any property or assets of any Nexstar Entity.

"Register" has the meaning specified in Section 10.06(c).

"Registered Public Accounting Firm" has the meaning specified in the Securities Laws and shall be independent of the Borrower as prescribed by the Securities Laws.

"Reinvestment Assets" [Intentionally Deleted].

"Reinvestment Notice" [Intentionally Deleted].

"Reinvestment Period" [Intentionally Deleted].

"Reinvestment Prepayment Date" [Intentionally Deleted].

"Related Parties" means, with respect to any Person, such Person's Affiliates and the partners, directors, officers, employees, agents and advisors of such Person and of such Person's Affiliates.

"Replacement Term B Loans" has the meaning specified in Section 2.01(c).

"Reportable Event" means, any of the events set forth in Section 4043(c) of ERISA or the regulations thereunder, other than any such event for which the 30-day notice requirement under ERISA has been waived in regulations issued by the PBGC.

"Request for Credit Extension" means (a) with respect to a Revolving Borrowing or a conversion or continuation of Revolving Loans, a Revolving Loan Notice, (b) with respect to a Term B Loan Borrowing or a conversion or continuation of Term B Loans, a Term B Loan Notice, and (c) with respect to an L/C Credit Extension, a Letter of Credit Application.

"Requirement of Law" means, as to any Person, any law (statutory or common), treaty, rule or regulation or determination of a court or of a Governmental Authority, in each case applicable to or binding upon such Person or any of its property or to which such Person or any of its property is subject.

"Responsible Officer" means, for each Credit Party, its chief executive officer, its president, any vice-president, its chief financial officer, controller, vice president-finance, treasurer or assistant treasurer, or any other officer having substantially the same authority and responsibility, in each case acting solely in such capacity and without personal liability.

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"Restricted Payment" means, as to any Credit Party, (i) the authorization, declaration or payment of any Dividend by such Person, (ii) the redemption, retirement, purchase or other acquisition, directly or indirectly, for consideration by such Person of any Capital Stock of such Person, or (iii) the making of any payment of principal or interest (or any comparable reduction of principal or yield provision) by any such Person on any Unsecured Notes, Senior Second Lien Secured Notes or Subordinated Notes (including, without limitation, any redemption, defeasance, setting aside of funds, or other provision for, or assurance of, payment).

"Restructuring Advisor" means, if any, the restructuring advisor to the Administrative Agent hired by the Administrative Agent or its counsel, in its sole discretion or at the request of the Majority Lenders or the Majority Revolver Lenders, provided that the Administrative Agent shall have (i) notified the Borrower of the identity of the proposed restructuring advisor prior to hiring such restructuring advisor and (ii) provided the Borrower an opportunity to consult with the Administrative Agent regarding such proposed hire.

"Revolver Reallocation Letter" means that certain letter among the Revolving Lenders permitting under certain circumstances the reallocation of the Revolving Commitment as described on Schedule 1.01(C).

"Revolving Borrowing" means a Borrowing hereunder consisting of Revolving Loans made to the Borrower on the same Borrowing Date and, in the case of Eurodollar Loans, having the same Interest Periods.

"Revolving Commitment" means, as to any Lender, the obligation of such Lender, if any, to make Revolving Loans to, and issue or participate in L/C Obligations on behalf of, the Borrower hereunder in an aggregate principal amount not to exceed at any one time the amount set forth under the heading "Revolving Commitment" opposite such Lender's name on Schedule 2.01 or, in the case of any Lender that is an Eligible Assignee, the amount of the Revolving Commitment of the assigning Lender which is assigned to such Eligible Assignee in accordance with Section 10.06 and set forth in the applicable Assignment and Assumption (in each case as the same may be adjusted from time to time as provided herein), as such Revolving Commitment may be adjusted in accordance with the terms of the Revolver Reallocation Letter.

"Revolving Commitment Fee" has the meaning specified in Section 2.09(a).

"Revolving Commitment Percentage" means, as to any Lender at any time, (i) the percentage (carried out to the ninth decimal place) which the amount of such Lender's Revolving Commitment then constitutes of the sum of the amount of all Revolving Commitments, or (ii) at any time after the Revolving Commitments shall have expired or terminated, the percentage which the aggregate principal amount of such Lender's Revolving Loans made under its Revolving Commitment then outstanding constitutes of the aggregate principal amount of all Revolving Loans made under the Revolving Commitments then outstanding. The initial Revolving Commitment Percentage of each Lender is set forth opposite the name of such Lender on Schedule 2.01, or in the Assignment and Assumption pursuant to which such Lender becomes a party thereto, as applicable.

"Revolving Commitment Period" means the period from and including the Effective Date to but not including the Stated Revolving Credit Maturity Date.

"Revolving Facility" means the revolving loan facility provided for in Section 2.01(b).

"Revolving Facility Percentage" means, as to any Lender at any time, (i) the percentage (carried out to the ninth decimal place) which (x) the amount of such Lender's Revolving Commitment then constitutes of (y) the amount of the Aggregate Revolving Commitment, or (ii) at any time after the Revolving Commitments have expired or terminated, the percentage which the aggregate principal amount of such Lender's Revolving Loans then outstanding constitutes of the aggregate principal amount of all Revolving Loans then outstanding.

"Revolving Lender" means each Lender that has a Revolving Commitment or that is a holder of a Revolving Loan made under the Revolving Commitments.

"Revolving Loan" has the meaning specified in Section 2.01(b).

"Revolving Loan Note" means a promissory note made by the Borrower in favor of a Lender evidencing Revolving Loans made by such Lender substantially in the form of Exhibit F.

"Revolving Loan Notice" means a notice of (a) a Revolving Borrowing, (b) a conversion of Revolving Loans from one Type to the other, or (c) a continuation of Revolving Loans, pursuant to Section 2.02(a), which, if in writing, shall be substantially in the form of Exhibit G.

"S&P" means Standard & Poor's Ratings Group, a division of The McGraw-Hill Companies, Inc., and its successors.

"Sale and Leaseback Transaction" means any arrangement, directly or indirectly, with any Person whereby a seller or transferor shall sell or otherwise transfer any real or personal property and then or thereafter such Person or an Affiliate or Subsidiary of such Person shall lease, or repurchase under an extended purchase contract, conditional sales or other title retention agreement, the same or similar property.

"Sarbanes-Oxley" means the Sarbanes-Oxley Act of 2002.

"SEC" means the Securities and Exchange Commission, or any Governmental Authority succeeding to any of its principal functions.

"Second Amendment" means that certain Second Amendment to Fourth Amended and Restated Credit Agreement, dated as of October 8, 2009, among Nexstar Broadcasting, Inc., Nexstar Broadcasting Group, Inc., Nexstar Finance Holdings, Inc., the Lenders and the Administrative Agent.

"Second Amendment Effective Date" means the date that all applicable conditions of effectiveness set forth in the Second Amendment are satisfied.

"Secured Cash Management Agreement" means any Cash Management Agreement that is entered into by and between any one or more Credit Parties and any Cash Management Bank.

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"Secured Hedge Agreement" means any Interest Rate Protection Agreement permitted under Article VII that was entered into by and between any Credit Party and any Hedge Bank.

"Secured Parties" means, collectively, the Administrative Agent, the Lenders, the L/C Issuer, the Hedge Banks, the Cash Management Banks, each co-agent or sub-agent appointed by the Administrative Agent from time to time pursuant to Section 9.05, and the other Persons the Obligations owing to which are or are purported to be secured by the Collateral under the terms of the Security Documents.

"Securities Laws" means the Securities Act of 1933, the Securities Exchange Act of 1934, Sarbanes-Oxley and the applicable accounting and auditing principles, rules, standards and practices promulgated, approved or incorporated by the SEC or the Public Company Accounting Oversight Board, as each of the foregoing may be amended and in effect on any applicable date hereunder.

"Security Agreement" means the First Restated Security Agreement, dated as of December 30, 2003, pursuant to which each Nexstar Entity has granted security interests in its assets.

"Security Agreement Collateral" has the meaning specified in the Security Agreement.

"Security Documents" means collectively the Pledge and Security Agreement, the Security Agreement, each Mortgage and each Joinder to Pledge and Security Agreement and Joinder to Security Agreement, and any other pledge agreement, security agreement, guaranty or other document granting a Lien or security interest to secure payment of all or any portion of the Obligations, or otherwise assuring payment of all or any portion of the Obligations, executed and delivered by any Credit Party, David Smith or any other Person, pursuant to any Loan Document or otherwise, that certain Omnibus Consent, dated as of October 8, 2009, by and among the Nexstar Entities and the Mission Entities, and acknowledged and agreed to by the Administrative Agent, and any Intercreditor Agreement, other intercreditor agreement or similar agreement executed by the Collateral Agent or the Administrative Agent from time to time in connection with this Agreement or any Loan Document or any of the Collateral, each of the mortgages, collateral assignments, security agreement supplements, intellectual property security agreement supplements, security agreements, pledge agreements or other similar agreements delivered to the Administrative Agent pursuant to Section 6.16 or Section 6.17, and each of the other agreements, instruments or documents that creates or purports to create a Lien in favor of the Administrative Agent for the benefit of the Secured Parties.

"Senior Second Lien Secured Notes" has the meaning specified in Section 7.05(s).

"Settlement Securities" means any and all Capital Stock received in connection with the bankruptcy or reorganization of suppliers and customers and in settlement of delinquent obligations of, and other disputes with, customers and suppliers arising in the ordinary course of business.

"Shared Services Agreement" means a shared services arrangement or other similar arrangement pursuant to which two Persons owning separate television broadcast stations agree to share the costs of certain services and procurements which they individually require in connection with the ownership and operation of one television broadcast station, whether through the form of joint or cooperative buying arrangements or the performance of certain functions relating to the operation of one television broadcast station by employees of the owner and operator of the other television broadcast station, including, but not limited to, the co-location of the studio, non-managerial administrative and/or master control and technical facilities of such television broadcast station and/or the sharing of maintenance, security and other services relating to such facilities.

"Significant Station" on any date means any Station, if the Consolidated Operating Cash Flow for such Station exceeds 10% of the sum of the Consolidated Operating Cash Flow for all Stations and the corporate overhead expenses for all Stations, in each case determined for the Measurement Period for such date; provided that, for purposes of this definition and Section 8.01(p), two or more Stations that substantially simulcast the same programming will be deemed to be a single Station so long as they do so.

"Solvency Certificate" means a certificate of the Nexstar Entities executed on their behalf by the Chief Financial Officer of each of the Nexstar Entities, substantially in the form of Exhibit H.

"Solvent" means, when used with respect to any Person, means that, as of any date of determination, (a) the amount of the "fair value" or "present fair saleable value" of the assets of such Person (on a going-concern basis) will, as of such date, exceed the amount of all "liabilities of such Person, contingent or otherwise," as of such date, as such quoted terms are determined in accordance with applicable federal and state laws governing determinations of the insolvency of debtors, (b) such fair value or present fair saleable value of the assets of such Person (on a going-concern basis) will, as of such date, be greater than the amount that will be required to pay the liability of such Person on its debts as such debts become absolute and matured, (c) such Person will not have, as of such date, an unreasonably small amount of capital with which to conduct its business, and (d) such Person will be able to pay its debts as they mature. For purposes of this definition, (i) "debt" means liability on a "claim," (ii) "claim" means any (x) right to payment, whether or not such a right is reduced to judgment, liquidated, unliquidated, fixed, contingent, matured, unmatured, disputed, undisputed, legal, equitable, secured or unsecured or (y) right to an equitable remedy for breach of performance if such breach gives rise to a right to payment, whether or not such right to an equitable remedy is reduced to judgment, fixed, contingent, matured or unmatured, disputed, undisputed, secured or unsecured and (iii) unliquidated, contingent, disputed and unmatured claims shall be valued at the amount that can be reasonably expected to be actual and matured.

"Sook" means Perry Sook, an individual residing on the Effective Date in the State of Texas.

"Stated Revolving Credit Maturity Date" means the earlier of (i) April 1, 2012 and (ii) the date on which Revolving Loans become due and payable in full pursuant to acceleration or otherwise.

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"Stated Term B Maturity Date" means the earlier of (i) October 1, 2012 and (ii) the date on which Term B Loans become due and payable in full pursuant to acceleration or otherwise.

"Station" means, at any time (i) each television station listed in Schedule 5.16 hereto, (ii) any television station licensed by the FCC to any Nexstar Entity on, or at any time after, the Effective Date and (iii) any television station that is the subject of a Local Marketing Agreement, Joint Sales Agreement or Shared Services Agreement consented to by the Majority Lenders or otherwise permitted under Section 7.04. This definition of "Station" may be used with respect to any single television station meeting any of the preceding requirements or all such television stations, as the context requires.

"Subject Leased Space" means either (a) the leased property in Beaumont-Port Arthur that is used for the Station KBTV, or (b) leased property, that in each case of (a) and (b) preceding to the extent that each such lease meets each of the following qualifications:

(i) a Credit Party is the lessee,

(ii) such leased property is noted on Schedule 5.09 as a line item with a double asterisk,

(iii) the terms of each such lease require the consent of the landlord or lessor in order to grant a security interest and Lien,

(iv) the Administrative Agent has received a true and correct copy of the executed lease and all related documentation for such leased property, as such documentation is in effect on the Second Amendment Effective Date, and

(v) the Borrower has used its commercially reasonable efforts to obtain the consent of the landlord to the grant of a security interest or Lien in favor of the Administrative Agent for the benefit of the Secured Parties.

"Subordinated Notes" has the meaning specified in Section 7.05(s).

"Subsidiary" means, as to any Person, (i) any corporation more than 50% of whose Capital Stock of any class or classes having by the terms thereof ordinary voting power to elect a majority of the directors of such corporation (irrespective of whether or not at the time stock of any class or classes of such corporation shall have or might have voting power by reason of the happening of any contingency) is at the time owned by such Person directly or indirectly through Subsidiaries, and (ii) any partnership, limited liability company, association, joint venture or other entity in which such Person, directly or indirectly through Subsidiaries, has more than a 50% equity interest at the time. With respect to the Borrower and its Subsidiaries, in calculating financial covenants or financial performance (including the calculation of Excess Cash Flow) and for financial reporting purposes, the financial position and results of the Mission Borrower shall be included as if it were a Wholly-Owned Subsidiary of the Borrower and any television station owned by a Mission Entity were a "Station" so long as Joint Sales Agreements, Shared Services Agreements and/or Local Marketing Agreements between the Mission Entities and one or more Subsidiaries of the Borrower, covering all of the television broadcast stations of the Mission Entities, are in full force and effect.

"Subsidiary Guarantor" means each Subsidiary of the Borrower.

"Taxes" means all present or future taxes, levies, imposts, duties, deductions, withholdings, assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto.

"Television Broadcasting Business" means a business substantially all of which consists of the construction, ownership, operation, management, promotion, extension or other utilization of any type of television broadcasting system or any similar television broadcasting business, including the syndication of television programming, the obtaining of a License or franchise to operate such a system or business, and activities incidental thereto, such as providing production services.

"Television Company" means any Nexstar Entity, to the extent such Person owns or operates a Station.

"Term B Facility Percentage" means, as to any Lender at any time, the percentage (carried out to the ninth decimal place) which (i) the sum of all of such Lender's Term B Loans then outstanding constitutes of (ii) the sum of the Aggregate Outstanding Term B Loan Balance. The initial Term B Facility Percentage of each Lender is set forth opposite the name of such Lender on Schedule 2.01, or in the Assignment and Assumption pursuant to which such Lender becomes a party thereto, as applicable.

"Term B Lender" means each Lender that is the holder of a Term B Loan.

"Term B Loan" has the meaning specified in Section 2.01(a)(i) and shall also include any Replacement Term B Loan.

"Term B Loan Amount" means, as to any Lender, the aggregate principal amount of the Term B Loans to be made by such Lender to the Borrower hereunder, as set forth under the heading "Term B Loan Amount" opposite such Lender's name on Schedule 2.01.

"Term B Loan Borrowing" means a Borrowing hereunder consisting of Term B Loans made to the Borrower on the same Borrowing Date and, in the case of Eurodollar Loans, having the same Interest Periods.

"Term B Loan Note" means a promissory note made by the Borrower in favor of a Lender evidencing Term B Loans made by such Lender substantially in the form of Exhibit I.

"Term B Loan Notice" means a notice of (a) a Borrowing of Term B Loans, (b) a conversion of Term B Loans from one Type to the other, or (c) a continuation of Term B Loans as the same Type, pursuant to Section 2.02(a), which, if in writing, shall be substantially in the form of Exhibit J.

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"Termination Value" means, in respect of any one or more Interest Rate Protection Agreements, after taking into account the effect of any legally enforceable netting agreement relating to such Interest Rate Protection Agreements, (a) for any date on or after the date such Interest Rate Protection Agreements have been closed out and termination value(s) determined in accordance therewith, such termination value(s), and (b) for any date prior to the date referenced in clause (a), the amount(s) determined as the mark-to-market value(s) for such Interest Rate Protection Agreements, as determined based upon one or more mid-market or other readily available quotations provided by any recognized dealer in such Interest Rate Protection Agreements (which may include a Lender or any Affiliate of a Lender).

"Tranche" means the collective reference to Eurodollar Loans made by the Lenders to the Borrower, the then current Interest Periods with respect to which begin on the same date and end on the same later date, whether or not such Loans shall originally have been made on the same day.

"Transaction" means collectively, the incurrence of the Loans and other extensions of credit to be made to the Nexstar Entities on the Effective Date and the refinancing of the Loans under the Existing Nexstar Credit Agreement.

"Type" has the meaning specified in Section 1.04.

"Ultimate Parent" means Nexstar Broadcasting Group, Inc., a Delaware corporation.

"Unfunded Pension Liability" means the excess of a Pension Plan's benefit liabilities under Section 4001(a)(16) of ERISA, over the current value of that Plan's assets, determined in accordance with the assumptions used for funding the Pension Plan pursuant to Section 412 of the Code for the applicable plan year.

"United States" and "U.S." each means the United States of America.

"Unreimbursed Amount" has the meaning specified in Section 2.03(c)(i).

"Unsecured Notes" means collectively, (1) the 11.375% Senior Discount Notes issued by Nexstar Finance Holdings, Inc., (2) the 7% Senior Subordinated PIK Notes due 2014, issued by Nexstar Broadcasting, Inc., (3) the 7% Senior Subordinated Notes due 2014, issued by Nexstar Broadcasting, Inc. and (4) the Senior Subordinated PIK Notes due 2014, issued by Nexstar Broadcasting, Inc.

"Voting Stock" of any Person as of any date means the Capital Stock of such Person that is at the time entitled to vote in the election of the Board of Directors of such Person.

"Wholly-Owned Subsidiary" means, as to any Person, (i) any corporation 100% of whose common stock (other than director's or other qualifying shares) is at the time owned by such Person and/or one or more direct or indirect Wholly-Owned Subsidiaries of such Person and (ii) any partnership, limited liability company, association or other entity in which such Person and/or one or more direct or indirect Wholly-Owned Subsidiaries of such Person has a 100% equity interest at such time.

1.02 Other Definitional Provisions.

(a) Unless otherwise specified herein or therein, all terms defined in this Agreement shall have such defined meanings when used in any Exhibit, Schedule or other Loan Document or any certificate or other document made or delivered pursuant hereto. The meanings of defined terms shall be equally applicable to the singular and plural forms of the defined terms.

(b) The words "hereof", "herein", "hereunder" and words of similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement, and Section, Schedule and Exhibit references are to this Agreement unless otherwise specified. All references in a Loan Document to Articles, Sections, Preliminary Statements, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Preliminary Statements, Exhibits and Schedules to, the Loan Document in which such references appear.

(c) The term "documents" includes any and all instruments, documents, agreements, certificates, indentures, notices and other writings, however evidenced.

(d) The terms "including" or "include" are not limiting and mean "including without limitation" or "include without limitation".

(e) References in this Agreement or any other Loan Document to knowledge by any Credit Party of events or circumstances shall be deemed to refer to events or circumstances of which a Responsible Officer of such Person has actual knowledge or reasonably should have knowledge.

(f) References in this Agreement or any other Loan Document to financial statements shall be deemed to include all related schedules and notes thereto.

(g) Except as otherwise specified herein, all references to any Governmental Authority or Requirement of Law defined or referred to herein shall be deemed references to such Governmental Authority or Requirement of Law or any successor Governmental Authority or Requirement of Law, and any rules or regulations promulgated thereunder from time to time, in each case as the same may have been or may be amended or supplemented from time to time.

(h) References herein to a certification or statement of an officer of a Person or other individual shall mean a certification or statement of such Person, which is executed on behalf of such Person by such individual in his or her capacity as an officer of such Person.

(i) Subject to the definitions of the terms "Interest Period" and "Interest Payment Date" in Section 1.01, whenever any performance obligation hereunder shall be stated to be due or required to be satisfied on a day other than a Business Day, such performance shall be made or satisfied on the next succeeding Business Day. In the computation of periods of time from a specified date to a later specified date, the word "from" means "from and including"; the words "to" and "until" each mean "to but excluding," and the word "through" means "to and including." If any provision of this Agreement refers to any action taken or to be taken by any Person, or which such Person is prohibited from taking, such provision shall be interpreted to encompass any and all means, direct or indirect, of taking, or not taking, such action.

(j) Unless otherwise expressly provided herein, references to agreements and other contractual instruments shall be deemed to include all amendments and other modifications thereto, but only to the extent such amendments and other modifications are not prohibited by the terms of any Loan Document.

(k) References to any statute or regulation are to be construed as including all statutory and regulatory provisions consolidating, amending or replacing such statute or regulation.

1.03 Accounting Principles. Except as provided to the contrary herein, all accounting terms used herein shall be interpreted in accordance with GAAP. Unless the context otherwise clearly requires, all financial computations required under this Agreement shall be made in accordance with GAAP; provided that if the Borrower notifies the Administrative Agent that the Borrower wishes to amend any covenant in Article VII or the definition of any term used therein to eliminate the effect of any change in GAAP occurring after the Effective Date or the operation of such covenant (or if the Administrative Agent notifies the Borrower that the Majority Lenders wish to amend Article VII or any such definition for such purpose), then compliance with such covenant shall be determined on the basis of GAAP in effect immediately before the relevant change in GAAP became effective, until either such notice is withdrawn or such covenant or definition is amended in a manner satisfactory to the Borrower and the Majority Lenders. Borrower shall notify the Administrative Agent of any change in GAAP that would have a material effect whether or not the Borrower wishes to adopt that change.

1.04 Classes and Types of Loans and Borrowings. The term "Borrowing" denotes the aggregation of Loans of one or more Lenders to be made to the Borrower pursuant to Section 2.02 on the same date, all of which Loans are of the same Class and Type and, in the case of Eurodollar Loans, have the same initial Interest Period. Loans made under this Agreement are distinguished by "Class" and by "Type". The "Class" of a Loan (or of a commitment to make such a Loan or of a Borrowing comprised of such Loans) refers to whether such commitment or Loan is (a) a Revolving Commitment or a Revolving Loan made under the Revolving Commitments or (b) a Term B Loan, each of which constitutes a "Class". The "Type" of a Loan refers to whether such Loan is a Eurodollar Loan or a Base Rate Loan, each of which constitutes a "Type". Identification of a Loan (or of a Commitment to make such a Loan or of a Borrowing comprised of such Loans) by both Class and Type.

1.05 Rounding. If any rounding of any financial ratio shall occur, such financial ratio shall be calculated by dividing the appropriate component by the other component, carrying the result to one place more than the number of places by which such ratio is expressed herein and rounding the result up or down to the nearest number (with a rounding up if there is no nearest number).

1.06 Times of Day. Unless otherwise specified, all references herein to times of day shall be references to central time (daylight or standard, as applicable).

1.07 Letter of Credit Amounts. Unless otherwise specified herein, the amount of a Letter of Credit at any time shall be deemed to be the stated amount of such Letter of Credit in effect at such time; provided, however, that with respect to any Letter of Credit that, by its terms or the terms of any Issuer Document related thereto, provides for one or more automatic increases in the stated amount thereof, the amount of such Letter of Credit shall be deemed to be the maximum stated amount of such Letter of Credit after giving effect to all such increases, whether or not such maximum stated amount is in effect at such time.

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ARTICLE II.

THE CREDIT FACILITIES

2.01 Amounts and Terms of Commitments.

(a) The Term B Loans.

(i) Each Term B Lender severally agrees, subject to the terms and conditions hereinafter set forth, to make a term loan (each, a "Term B Loan") to the Borrower on the Effective Date (and not thereafter) in an aggregate principal amount not to exceed the Term B Loan Amount of such Term B Lender; provided however that after giving effect to any Term B Loan, the aggregate principal amount of all outstanding Term B Loans shall not exceed the aggregate Term B Loan Amounts for all of the Term B Lenders. Within such limits, and subject to the other terms and conditions of this Agreement, the Borrower may borrow Term B Loans under this Section 2.01(a)(i); provided that amounts borrowed as Term B Loans which are repaid or prepaid may not be reborrowed.

(ii) Term B Loans may from time to time be (i) Eurodollar Loans or (ii) Base Rate Loans or a combination thereof, as determined by the Borrower pursuant to Section 2.02.

(b) The Revolving Loans. Each Revolving Lender severally agrees, subject to the terms and conditions hereinafter set forth, to make revolving loans (each, a "Revolving Loan") to the Borrower from time to time on any Business Day, during the Revolving Commitment Period, in an aggregate principal amount not to exceed at any time outstanding the Revolving Commitment of such Revolving Lender; provided, however that after giving effect to any Revolving Loan made under a Revolving Commitment, the aggregate principal amount of all outstanding Revolving Loans made under the Revolving Commitments plus the aggregate amount of all outstanding L/C Obligations shall not exceed the Aggregate Revolving Commitment. Within such limits, and subject to the other terms and conditions hereof, the Borrower may borrow Revolving Loans under this Section 2.01(b), prepay Revolving Loans pursuant to Section 2.05, 2.06 or 10.19 and reborrow Revolving Loans pursuant to this Section 2.01(b). Revolving Loans may from time to time be (i) Eurodollar Loans or

(ii) Base Rate Loans or a combination thereof, as determined by the Borrower pursuant to Section 2.02.

(c) Refinancing of Term Loans. Notwithstanding anything in this Section 2.01 or elsewhere in this Agreement to the contrary, this Agreement may be amended with the written consent of the Administrative Agent, the Borrower and the Lenders providing the relevant Replacement Term B Loans (as defined below) to permit the refinancing, replacement or modification of all (but not less than all) outstanding Term B Loans ("Refinanced Term B Loans") with a replacement term loan tranche hereunder ("Replacement Term B Loans"), provided that (i) the aggregate principal amount of such Replacement Term B Loans shall not exceed the aggregate principal amount of such Refinanced Term B Loans, (ii) the Applicable Margin for such Replacement Term B Loans shall not be higher than the Applicable Margin for such Refinanced Term B Loans, (iii) the weighted average life to maturity of such Replacement Term B Loans shall not be shorter than the weighted average life to maturity of such Refinanced Term B Loans at the time of such refinancing, (iv) the Majority Revolver Lenders have consented in writing to such Replacement Term B Loans prior to the issuance thereof, (v) the Administrative Agent shall have received not less than 30 days prior written notice thereof (or such lesser period as agreed to by the Administrative Agent) and (vi) all other terms applicable to such Replacement Term B Loans shall be substantially identical to, or less favorable to the Lenders providing such Replacement Term B Loans than, those applicable to such Refinanced Term B Loans, except to the extent necessary to provide for covenants and other terms applicable to any period after the latest final maturity of the Term B Loans in effect immediately prior to such refinancing. The election by any Lender to provide or participate in the Replacement Term B Loans shall not obligate any other Lender to so provide or participate. The Borrower shall repay to any Lender who elects not to provide or participate in any Replacement Term B Loans the outstanding Term B Loans held by such Lender (plus any accrued and unpaid interest or other amounts due in connection therewith) prior to or simultaneously with any refinancing, replacement or modification of outstanding Term B Loans hereunder.

(d) Permitted Revolver Reallocation. Each Permitted Revolver Reallocation shall be limited to a reallocation of the Aggregate Available Revolving Commitment and the Mission Aggregate Available Revolving Commitment. In connection with each such Permitted Revolver Reallocation, at the request of the Administrative Agent or any Revolving Lender, the Borrower shall execute and deliver to the Administrative Agent replacement Revolving Loan Notes in an amount equal to each Lender's Revolving Commitment as adjusted in accordance with the terms of the Revolver Reallocation Letter.

2.02 Borrowings, Conversions and Continuations of Loans.

(a) Subject to the terms and conditions of this Agreement, the Borrower may borrow, (x) under the Revolving Commitments on any Business Day during the Revolving Commitment Period and (y) Term B Loan Amounts on the Effective Date.

Each Borrowing, each conversion of Loans from one Type to the other, and each continuation of Eurodollar Loans shall be made upon the Borrower's irrevocable notice to the Administrative Agent, which may be given by telephone. Each such notice must be received by the Administrative Agent not later than 10:00 a.m. (i) three Business Days prior to the requested date of any Borrowing of, conversion to or continuation of Eurodollar Loans or of any conversion of Eurodollar Loans to Base Rate Loans, and (ii) on the requested date of any Borrowing of Base Rate Loans; provided, however, that if the Borrower wishes to request Eurodollar Loans having an Interest Period other than one, two, three or six months in duration as provided in the definition of "Interest Period" then: (I) the applicable notice must be received by the Administrative Agent not later than 10:00 a.m. four Business Days prior to the requested date of such Borrowing, conversion or continuation, whereupon the Administrative Agent shall give prompt notice to each Lender that is making or had made such Loan of such request and determine whether the requested Interest Period is acceptable to all of them, and (II) not later than 10:00 a.m., three Business Days before the requested date of such Borrowing, conversion or continuation, the Administrative Agent shall notify the Borrower (which notice may be by telephone) whether or not the requested Interest Period has been consented to by all such Lenders. Each telephonic notice by the Borrower pursuant to this Section 2.02(a) must be confirmed promptly by delivery to the Administrative Agent of a written Revolving Loan Notice or Term Loan Notice, as applicable, appropriately completed and signed by a Responsible Officer of the Borrower. Each Borrowing of, conversion to or continuation of Eurodollar Loans shall be in a principal amount of $1,000,000 or a whole multiple of $500,000 in excess thereof. Except as provided in Sections 2.03(c), each Borrowing of or conversion to Base Rate Loans shall be in a principal amount of $1,000,000 or a whole multiple of $500,000 in excess thereof (or, if the Aggregate Available Revolving Commitment is less than $1,000,000, such lesser amount). Each Revolving Loan Notice or Term Loan Notice, as applicable (whether telephonic or written), shall specify (i) whether the Borrower is requesting a Borrowing, a conversion of Loans from one Type to the other, or a continuation of Eurodollar Loans, (ii) the requested date of the Borrowing, conversion or continuation, as the case may be (which shall be a Business Day), (iii) the principal amount of Loans to be borrowed, converted or continued, (iv) the Type of Loans to be borrowed or to which existing Loans are to be converted, and (v) if applicable, the duration of the Interest Period with respect thereto. If the Borrower fails to specify a Type of Loan in a Revolving Loan Notice or Term Loan Notice, as applicable, or if the Borrower fails to give a timely notice requesting a conversion or continuation, then the applicable Loans shall be made as, or converted to, Base Rate Loans. Any such automatic conversion to Base Rate Loans shall be effective as of the last day of the Interest Period then in effect with respect to the applicable Eurodollar Loans. If the Borrower requests a Borrowing of, conversion to, or continuation of Eurodollar Loans in any such Revolving Loan Notice or Term Loan Notice, as applicable, but fails to specify an Interest Period, it will be deemed to have specified an Interest Period of one month.

(b) Following receipt of a Revolving Loan Notice or Term Loan Notice, as applicable, the Administrative Agent shall promptly notify each Lender of the amount of its pro rata share of the applicable Loans, and if no timely notice of a conversion or continuation is provided by the Borrower, the Administrative Agent shall notify each Lender of the details of any automatic conversion to Base Rate Loans described in the preceding subsection. Each Revolving Lender will make the amount of its pro rata share of each requested Borrowing made under the Revolving Facility available to the Administrative Agent in immediately available funds at the Administrative Agent's Office not later than 12 noon on the Business Day specified in the Revolving Loan Notice. Each Term B Lender will make the amount of its pro rata share of each requested Borrowing made under the Term B Loans available to the Administrative Agent in immediately available funds at the Administrative Agent's Office not later than 12:00 noon on the Business Day specified in the Term B Loan Notice. Upon satisfaction of the applicable conditions set forth in Section 4.03 (and, if such Borrowing is the initial Credit Event, Sections 4.02 and 4.01), the Administrative Agent shall make all funds so received available to the Borrower in like funds as received by the Administrative Agent either by (i) crediting the account of the Borrower on the books of Bank of America with the amount of such funds or (ii) wire transfer of such funds, in each case in accordance with instructions provided to (and reasonably acceptable to) the Administrative Agent by the Borrower; provided, however, that if, on the date the Revolving Loan Notice with respect to such Borrowing is given by the Borrower, there are L/C Borrowings outstanding, then the proceeds of such Borrowing, first, shall be applied to the payment in full of any such L/C Borrowings, and second, shall be made available to the Borrower as provided above.

(c) Except as otherwise provided herein, a Eurodollar Loan may be continued or converted only on the last day of an Interest Period for such Eurodollar Loan. During the existence of an Event of Default, no Loans may be requested as, converted to or continued as Eurodollar Loans.

(d) The Administrative Agent shall promptly notify the Borrower and the Lenders of the interest rate applicable to any Interest Period for Eurodollar Loans upon determination of such interest rate. At any time that Base Rate Loans are outstanding, the Administrative Agent shall notify the Borrower and the Lenders of any change in Bank of America's prime rate used in determining the Base Rate promptly following the public announcement of such change.

(e) After giving effect to all Borrowings, all conversions of Loans from one Type to the other, and all continuations of Loans as the same Type, there shall not be more than five different Interest Periods in effect in respect of all Loans which are Eurodollar Loans.

2.03 Letters of Credit.

(a) The Letter of Credit Commitment.

(i) Subject to the terms and conditions set forth herein, (A) the L/C Issuer agrees, in reliance upon the agreements of the Lenders set forth in this Section 2.03, (1) from time to time on any Business Day during the period from the Effective Date until the Letter of Credit Expiration Date, to issue Letters of Credit for the account of the Borrower or its Subsidiaries, and to amend or extend Letters of Credit previously issued by it, in accordance with subsection (b) below, and (2) to honor drawings under the Letters of Credit; and (B) the Lenders severally agree to participate in Letters of Credit issued for the account of the

Borrower or its Subsidiaries and any drawings thereunder; provided that after giving effect to any L/C Credit Extension with respect to any Letter of Credit, (x) the aggregate Outstanding Amount of all Revolving Loans and all L/C Obligations shall not exceed the Aggregate Revolving Commitments, (y) the aggregate Outstanding Amount of the Revolving Loans of any Lender, plus such Lender's Revolving Commitment Percentage of the Outstanding Amount of all L/C Obligations shall not exceed such Lender's Revolving Commitment, and (z) the Outstanding Amount of the L/C Obligations shall not exceed the Letter of Credit Sublimit. Each request by the Borrower for the issuance or amendment of a Letter of Credit shall be deemed to be a representation by the Borrower that the L/C Credit Extension so requested complies with the conditions set forth in the proviso to the preceding sentence. Within the foregoing limits, and subject to the terms and conditions hereof, the Borrower's ability to obtain Letters of Credit shall be fully revolving, and accordingly the Borrower may, during the foregoing period, obtain Letters of Credit to replace Letters of Credit that have expired or that have been drawn upon and reimbursed.

(ii) The L/C Issuer shall not issue any Letter of Credit, if:

(A) the expiry date of such requested Letter of Credit would occur more than twelve months after the date of issuance or last extension, unless the Majority Lenders have approved such expiry date in writing; or

(B) the expiry date of such requested Letter of Credit would occur after the Letter of Credit Expiration Date, unless all the Lenders have approved such expiry date.

(iii) The L/C Issuer shall not be under any obligation to issue any Letter of Credit if:

(A) any order, judgment or decree of any Governmental Authority or arbitrator shall by its terms purport to enjoin or restrain the L/C Issuer from issuing such Letter of Credit, or any Law applicable to the L/C Issuer or any request or directive (whether or not having the force of law) from any Governmental Authority with jurisdiction over the L/C Issuer shall prohibit, or request that the L/C Issuer refrain from, the issuance of letters of credit generally or such Letter of Credit in particular or shall impose upon the L/C Issuer with respect to such Letter of Credit any restriction, reserve or capital requirement (for which the L/C Issuer is not otherwise compensated hereunder) not in effect on the Effective Date, or shall impose upon the L/C Issuer any unreimbursed loss, cost or expense which was not applicable on the Effective Date and which the L/C Issuer in good faith deems material to it;

(B) the issuance of such Letter of Credit would violate one or more generally applicable policies of the L/C Issuer not implemented in contemplation of such proposed Letter of Credit;

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(C) except as otherwise agreed by the Administrative Agent and the L/C Issuer, such Letter of Credit is in an initial stated amount less than $20,000;

(D) such Letter of Credit is to be denominated in a currency other than Dollars; or

(E) a default of any Lender's obligations to fund under Section 2.03(c) exists or any Lender is at such time an Impacted Lender hereunder, unless the L/C Issuer has entered into satisfactory arrangements with the Borrower or such Lender to eliminate the L/C Issuer's risk with respect to such Lender.

(iv) The L/C Issuer shall not amend any Letter of Credit if the L/C Issuer would not be permitted at such time to issue such Letter of Credit in its amended form under the terms hereof.

(v) The L/C Issuer shall be under no obligation to amend any Letter of Credit if (A) the L/C Issuer would have no obligation at such time to issue such Letter of Credit in its amended form under the terms hereof, or (B) the beneficiary of such Letter of Credit does not accept the proposed amendment to such Letter of Credit.

(vi) The L/C Issuer shall act on behalf of the Lenders with respect to any Letters of Credit issued by it and the documents associated therewith, and the L/C Issuer shall have all of the benefits and immunities (A) provided to the Administrative Agent in Article IX with respect to any acts taken or omissions suffered by the L/C Issuer in connection with Letters of Credit issued by it or proposed to be issued by it and Issuer Documents pertaining to such Letters of Credit as fully as if the term "Administrative Agent" as used in Article IX included the L/C Issuer with respect to such acts or omissions, and (B) as additionally provided herein with respect to the L/C Issuer.

(b) Procedures for Issuance and Amendment of Letters of Credit; Auto-Extension Letters of Credit.

(i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower delivered to the L/C Issuer (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible Officer of the Borrower. Such Letter of Credit Application must be received by the L/C Issuer and the Administrative Agent not later than 10:00 a.m. at least two Business Days (or such later date and time as the Administrative Agent and the L/C Issuer may agree in a particular instance in their sole discretion) prior to the proposed issuance date or date of amendment, as the case may be. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the L/C Issuer: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day); (B) the amount thereof; (C) the expiry date thereof; (D) the name and address of the beneficiary thereof; (E) the documents to be presented by such beneficiary in case of any drawing thereunder; (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder; and (G) such other matters as the L/C Issuer may require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the L/C Issuer (A) the Letter of Credit to be amended; (B) the proposed date of amendment thereof (which shall be a Business Day); (C) the nature of the proposed amendment; and (D) such other matters as the L/C Issuer may require. Additionally, the Borrower shall furnish to the L/C Issuer and the Administrative Agent such other documents and information pertaining to such requested Letter of Credit issuance or amendment, including any Issuer Documents, as the L/C Issuer or the Administrative Agent may require.

(ii) Promptly after receipt of any Letter of Credit Application, the L/C Issuer will confirm with the Administrative Agent (by telephone or in writing) that the Administrative Agent has received a copy of such Letter of Credit Application from the Borrower and, if not, the L/C Issuer will provide the Administrative Agent with a copy thereof. Unless the L/C Issuer has received written notice from any Lender, the Administrative Agent or any Credit Party, at least one Business Day prior to the requested date of issuance or amendment of the applicable Letter of Credit, that one or more applicable conditions contained in Article IV shall not then be satisfied, then, subject to the terms and conditions hereof, the L/C Issuer shall, on the requested date, issue a Letter of Credit for the account of the Borrower (or the applicable Subsidiary) or enter into the applicable amendment, as the case may be, in each case in accordance with the L/C Issuer's usual and customary business practices. Immediately upon the issuance of each Letter of Credit, each Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the L/C Issuer a risk participation in such Letter of Credit in an amount equal to the product of such Lender's Revolving Commitment Percentage times the amount of such Letter of Credit.

(iii) Promptly after its delivery of any Letter of Credit or any amendment to a Letter of Credit to an advising bank with respect thereto or to the beneficiary thereof, the L/C Issuer will also deliver to the Borrower and the Administrative Agent a true and complete copy of such Letter of Credit or amendment.

(i) Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the L/C Issuer shall notify the Borrower and the Administrative Agent thereof. Not later than 10:00 a.m. on the date of any payment by the L/C Issuer under a Letter of Credit (each such date, an "Honor Date"), the Borrower shall reimburse the L/C Issuer through the Administrative Agent in an amount equal to the amount of such drawing. If the Borrower fails to so reimburse the L/C Issuer by such time, the Administrative Agent shall promptly notify each Lender of the Honor Date, the amount of the unreimbursed drawing (the "Unreimbursed Amount"), and the amount of such Lender's Revolving Commitment Percentage thereof. In such event, the Borrower shall be deemed to have requested a Borrowing of Base Rate Loans to be disbursed on the Honor Date in an amount equal to the Unreimbursed Amount, without regard to the minimum and multiples specified in Section 2.02 for the principal amount of Base Rate Loans, but subject to the amount of the unutilized portion of the Aggregate Revolving Commitments and the conditions set forth in Section 4.03 (other than the delivery of a Revolving Loan Notice). Any notice given by the L/C Issuer or the Administrative Agent pursuant to this Section 2.03(c)(i) may be given by telephone if immediately confirmed in writing; provided that the lack of such an immediate confirmation shall not affect the conclusiveness or binding effect of such notice.

(ii) Each Lender shall upon any notice pursuant to Section 2.03(c)(i) make funds available to the Administrative Agent for the account of the L/C Issuer at the Administrative Agent's Office in an amount equal to its Revolving Commitment Percentage of the Unreimbursed Amount not later than 12:00 noon on the Business Day specified in such notice by the Administrative Agent, whereupon, subject to the provisions of Section 2.03(c)(iii), each Lender that so makes funds available shall be deemed to have made a Base Rate Loan to the Borrower in such amount. The Administrative Agent shall remit the funds so received to the L/C Issuer.

(iii) With respect to any Unreimbursed Amount that is not fully refinanced by a Borrowing of Base Rate Loans because the conditions set forth in Section 4.03 cannot be satisfied or for any other reason, the Borrower shall be deemed to have incurred from the L/C Issuer an L/C Borrowing in the amount of the Unreimbursed Amount that is not so refinanced, which L/C Borrowing shall be due and payable on demand (together with interest) and shall bear interest at the Default Rate. In such event, each Lender's payment to the Administrative Agent for the account of the L/C Issuer pursuant to Section 2.03(c)(ii) shall be deemed payment in respect of its participation in such L/C Borrowing and shall constitute an L/C Advance from such Lender in satisfaction of its participation obligation under this Section 2.03.

(iv) Until each Lender funds its Revolving Loan or L/C Advance pursuant to this Section 2.03(c) to reimburse the L/C Issuer for any amount drawn under any Letter of Credit, interest in respect of such Lender's Revolving Commitment Percentage of such amount shall be solely for the account of the L/C Issuer.

(v) Each Lender's obligation to make Revolving Loans or L/C Advances to reimburse the L/C Issuer for amounts drawn under Letters of Credit, as contemplated by this Section 2.03(c), shall be absolute and unconditional and shall not be affected by any circumstance, including (A) any setoff, counterclaim, recoupment, defense or other right which such Lender may have against the L/C Issuer, the Borrower or any other Person for any reason whatsoever; (B) the occurrence or continuance of a Default, or (C) any other occurrence, event or condition, whether or not similar to any of the foregoing; provided, however, that each Lender's obligation to make Revolving Loans pursuant to this Section 2.03(c) is subject to the conditions set forth in Section 4.03 (other than delivery by the Borrower of a Revolving Loan Notice). No such making of an L/C Advance shall relieve or otherwise impair the obligation of the Borrower to reimburse the L/C Issuer for the amount of any payment made by the L/C Issuer under any Letter of Credit, together with interest as provided herein.

(vi) If any Lender fails to make available to the Administrative Agent for the account of the L/C Issuer any amount required to be paid by such Lender pursuant to the foregoing provisions of this Section 2.03(c) by the time specified in Section 2.03(c)(ii), the L/C Issuer shall be entitled to recover from such Lender (acting through the Administrative Agent), on demand, such amount with interest thereon for the period from the date such payment is required to the date on which such payment is immediately available to the L/C Issuer at a rate per annum equal to the greater of the Federal Funds Rate and a rate determined by the L/C Issuer in accordance with banking industry rules on interbank compensation. A certificate of the L/C Issuer submitted to any Lender (through the Administrative Agent) with respect to any amounts owing under this clause (vi) shall be conclusive absent manifest error.

(d) Repayment of Participations.

(i) At any time after the L/C Issuer has made a payment under any Letter of Credit and has received from any Lender such Lender's L/C Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the account of the L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrower or otherwise, including proceeds of Cash Collateral applied thereto by the Administrative Agent), the Administrative Agent will distribute to such Lender its Revolving Commitment Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender's L/C Advance was outstanding) in the same funds as those received by the Administrative Agent.

(ii) If any payment received by the Administrative Agent for the account of the L/C Issuer pursuant to Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section 10.05 (including pursuant to any settlement entered into by the L/C Issuer in its discretion), each Lender shall pay to the Administrative Agent for the account of the L/C Issuer its Revolving Commitment Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

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(e) Obligations Absolute. The obligation of the Borrower to reimburse the L/C Issuer for each drawing under each Letter of Credit and to repay each L/C Borrowing shall be absolute, unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement under all circumstances, including the following:

(i) any lack of validity or enforceability of such Letter of Credit, this Agreement, or any other Loan Document;

(ii) the existence of any claim, counterclaim, setoff, defense or other right that the Borrower or any Subsidiary may have at any time against any beneficiary or any transferee of such Letter of Credit (or any Person for whom any such beneficiary or any such transferee may be acting), the L/C Issuer or any other Person, whether in connection with this Agreement, the transactions contemplated hereby or by such Letter of Credit or any agreement or instrument relating thereto, or any unrelated transaction;

(iii) any draft, demand, certificate or other document presented under such Letter of Credit proving to be forged, fraudulent, invalid or insufficient in any respect or any statement therein being untrue or inaccurate in any respect; or any loss or delay in the transmission or otherwise of any document required in order to make a drawing under such Letter of Credit;

(iv) any payment by the L/C Issuer under such Letter of Credit against presentation of a draft or certificate that does not strictly comply with the terms of such Letter of Credit; or any payment made by the L/C Issuer under such Letter of Credit to any Person purporting to be a trustee in bankruptcy, debtor-in-possession, assignee for the benefit of creditors, liquidator, receiver or other representative of or successor to any beneficiary or any transferee of such Letter of Credit, including any arising in connection with any proceeding under any Debtor Relief Law; or

(v) any other circumstance or happening whatsoever, whether or not similar to any of the foregoing, including any other circumstance that might otherwise constitute a defense available to, or a discharge of, the Borrower or any Subsidiary.

The Borrower shall promptly examine a copy of each Letter of Credit and each amendment thereto that is delivered to it and, in the event of any claim of noncompliance with the Borrower's instructions or other irregularity, the Borrower will immediately notify the L/C Issuer. The Borrower shall be conclusively deemed to have waived any such claim against the L/C Issuer and its correspondents unless such notice is given as aforesaid.

(f) Role of L/C Issuer. Each Lender and the Borrower agree that, in paying any drawing under a Letter of Credit, the L/C Issuer shall not have any responsibility to obtain any document (other than any sight draft, certificates and documents expressly required by the Letter of Credit) or to ascertain or inquire as to the validity or accuracy of any such document or the authority of the Person executing or delivering any such document. None of the L/C Issuer, the Administrative Agent, any of their respective Related Parties nor any correspondent, participant or assignee of the L/C Issuer shall be liable to any Lender for (i) any action taken or omitted in connection herewith at the request or with the approval of the Lenders or the Majority Lenders, as applicable; (ii) any action taken or omitted in the absence of gross negligence or willful misconduct; or (iii) the due execution, effectiveness, validity or enforceability of any document or instrument related to any Letter of Credit or Issuer Document. The Borrower hereby assumes all risks of the acts or omissions of any beneficiary or transferee with respect to its use of any Letter of Credit; provided, however, that this assumption is not intended to, and shall not, preclude the Borrower's pursuing such rights and remedies as it may have against the beneficiary or transferee at law or under any other agreement. None of the L/C Issuer, the Administrative Agent, any of their respective Related Parties nor any correspondent, participant or assignee of the L/C Issuer shall be liable or responsible for any of the matters described in clauses (i) through (v) of Section 2.03(e); provided, however, that anything in such clauses to the contrary notwithstanding, the Borrower may have a claim against the L/C Issuer, and the L/C Issuer may be liable to the Borrower, to the extent, but only to the extent, of any direct, as opposed to consequential or exemplary, damages suffered by the Borrower which the Borrower proves were caused by the L/C Issuer's willful misconduct or gross negligence or the L/C Issuer's willful failure to pay under any Letter of Credit after the presentation to it by the beneficiary of a sight draft and certificate(s) strictly complying with the terms and conditions of a Letter of Credit. In furtherance and not in limitation of the foregoing, the L/C Issuer may accept documents that appear on their face to be in order, without responsibility for further investigation, regardless of any notice or information to the contrary, and the L/C Issuer shall not be responsible for the validity or sufficiency of any instrument transferring or assigning or purporting to transfer or assign a Letter of Credit or the rights or benefits thereunder or proceeds thereof, in whole or in part, which may prove to be invalid or ineffective for any reason.

(g) Cash Collateral. Upon (a) the request of the Administrative Agent, (i) if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing hereunder, or (ii) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding and partially or wholly undrawn, or (b) the occurrence of a Default or (c) the occurrence of the circumstances described in Section 2.06(a)(ii) or Section 10.19(a)(ii) requiring the Borrower to Cash Collateralize Letters of Credit, then the Borrower shall, in each case, immediately Cash Collateralize the L/C Obligations in an amount equal to the L/C Obligations (or in the case of clause (c) above, the excess amount required pursuant to Section 2.06(a)(ii) or Section 10.19(a)(ii) ) and such cash will be held as security for all Obligations of the Borrower to the Lenders hereunder in a Cash Collateral Account to be established by the Administrative Agent, and during the existence of an Event of Default, the Administrative Agent may, upon the request of the Majority Lenders, apply such amounts so held to the payment of such outstanding Obligations; provided that on a date upon which no Default exists and no L/C Obligations remain outstanding, the Administrative Agent, at the request and expense of the Borrower, will duly release the cash held hereunder as security in any Cash Collateral Account and shall assign, transfer and deliver to the Borrower (without recourse and without any representation or warranty) such cash as is then being released and has not theretofore been released pursuant to this Agreement.

(h) Applicability of ISP. Unless otherwise expressly agreed by the L/C Issuer and the Borrower when a Letter of Credit is issued, the rules of the ISP shall apply to each standby Letter of Credit.

(i) Letter of Credit Fees. The Borrower shall pay to the Administrative Agent for the account of each Lender in accordance with its Revolving Commitment Percentage a Letter of Credit fee for each Letter of Credit equal to the Applicable Margin for Revolving Loans that are Eurodollar Loans (as in effect from time to time during the period of calculation thereof) (the "Letter of Credit Fee") times the daily amount available to be drawn under such Letter of Credit; provided, however, during the existence of an Event of Default under Section 8.01(a), the Letter of Credit Fee shall be equal to the Default Rate. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.07. Letter of Credit Fees shall be (i) computed on a quarterly basis in arrears and (ii) due and payable on the first Business Day after the end of each March, June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand.

(j) Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The Borrower shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit, at the rate per annum specified in the Fee Letters, computed on the daily amount available to be drawn under such Letter of Credit on a quarterly basis in arrears. Such fronting fee shall be due and payable on the tenth Business Day after the end of each March, June, September and December in respect of the most recently-ended quarterly period (or portion thereof, in the case of the first payment), commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.07. In addition, the Borrower shall pay directly to the L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of the L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.

(k) Conflict with Issuer Documents. In the event of any conflict between the terms hereof and the terms of any Issuer Document, the terms hereof shall control.

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(l) Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the Borrower shall be obligated to reimburse the L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Borrower hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the Borrower, and that the Borrower's business derives substantial benefits from the businesses of such Subsidiaries.

2.04 Reduction and Termination of Commitments.

(a) Voluntary. The Borrower may, upon not less than five Business Days' prior notice to the Administrative Agent, terminate or permanently reduce the Aggregate Revolving Commitment, without premium or penalty, by an aggregate minimum amount of $1,000,000 or any multiple of $500,000 in excess thereof; provided, however that no such termination or reduction shall be permitted if after giving effect thereto and to any prepayment of Revolving Loans made under the Revolving Commitments which are made on the effective date of such termination or reduction (x) the then outstanding principal amount of all Revolving Loans made under the Revolving Commitments plus the amount of the then outstanding L/C Obligations would exceed the Aggregate Revolving Commitment then in effect or (y) the aggregate amount of all L/C Obligations would exceed the Letter of Credit Commitment then in effect; and provided further that once reduced in accordance with this Section 2.04, the Aggregate Revolving Commitment may not be increased. No voluntary termination or reduction in the Aggregate Revolving Commitment shall be effective unless the Mission Borrower makes a concurrent ratable reduction to the Mission Aggregate Revolving Commitment.

(b) Mandatory. The Aggregate Revolving Commitment shall be automatically and immediately reduced without notice to the Borrower or any other Credit Party:

(i) on such date and by the amount of any prepayment required to be made under any of Sections 2.06 (b), (c), (d), (e) or (f) or Sections 10.19(b), (c), (d), (e), (f) or (g) (without duplication) that is applied to prepay the Revolving Loans in accordance with the terms of Section 2.06 or Section 10.19, provided that, notwithstanding the foregoing, so long as there exists no Default at such time, no such reduction in the Aggregate Revolving Commitment will be made with respect to any prepayment required to be made under Section 10.19(g), and

(ii) on such date that any prepayment is required to be made under any of Sections 2.06(b), (c), (d), (e), (f) or (g) or Sections 10.19(b), (c), (d), (e), (f) or (g) and the Outstanding Amount of the Term B Loans is zero (or has been reduced to zero by such prepayment), such reduction in the Aggregate Revolving Commitment to be in such amount of the Net Cash Proceeds, Net Debt Proceeds, Net Issuance Proceeds and/or Extraordinary Receipts, as applicable, that are not applied to prepay the Term B Loans but would have been if the Outstanding Amount of such Term B Loans was in excess of such proceeds, provided that, notwithstanding the foregoing, so long as there exists no Default at such time, no such reduction in the Aggregate Revolving Commitment will be made with respect to any prepayment required to be made under Section 10.19(g); and

(c) Commitment Reductions, Generally. Once reduced in accordance with this Section 2.04, the Aggregate Revolving Commitment may not be increased. Any reduction of the Aggregate Revolving Commitment pursuant to this Section 2.04 shall be applied pro rata to each Lender's Revolving Commitment. All accrued commitment and letter of credit fees to the effective date of any reduction or termination of the Aggregate Revolving Commitment shall be paid on the effective date of such reduction or termination. The Administrative Agent shall promptly notify the affected Lenders of any such reduction or termination of the Aggregate Revolving Commitment.

2.05 Voluntary Prepayments.

(a) The Borrower may, prior to 11:00 a.m., upon at least three Business Days' written notice by the Borrower to the Administrative Agent in the case of Eurodollar Loans, and prior to 9:00 a.m., upon two Business Days' written notice on any Business Day in the case of Base Rate Loans, prepay Revolving Loans and/or Term B Loans, as the Borrower may elect, in whole or in part, in amounts of $1,000,000 or an integral multiple of $500,000 in excess thereof.

(b) Any notice of prepayment delivered pursuant to this Section 2.05 shall specify the date and amount of such prepayment, whether the prepayment is to be made with respect to Revolving Loans and/or Term B Loans and the Type of Loans to be prepaid. The Administrative Agent will promptly notify each affected Lender thereof and of such Lender's pro rata portion of such prepayment. If such notice is given by the Borrower and not withdrawn, the Borrower shall make such prepayment, and the payment amount specified in such notice shall be due and payable, on the date specified therein together with accrued interest to each such date on the amount prepaid and the amounts, if any, required pursuant to Section 3.05; provided that interest to be paid in connection with any such prepayment of Base Rate Loans (other than a prepayment in full) shall instead be paid on the next occurring Interest Payment Date.

(c) Any prepayment of Term B Loans pursuant to this Section 2.05 shall be applied to the remaining scheduled installments of Term B Loans to be made pursuant to Section 2.07(a) pro rata (based on the then remaining amounts of such remaining installments).

2.06 Mandatory Prepayments.

(a)

(i) If on any date the aggregate unpaid principal amount of outstanding Revolving Loans made under the Revolving Commitments, plus the outstanding L/C Obligations (to the extent not Cash Collateralized pursuant to clause (ii) below or as provided for in Section 2.03(g)) exceeds the Aggregate Revolving Commitment, then the Borrower shall immediately prepay the amount of such excess. Any payments on Revolving Loans made under the Revolving Commitments pursuant to this Section 2.06(a)(i) shall be applied pro rata among the Lenders with Revolving Commitments.

(ii) If on any date the aggregate amount of all L/C Obligations shall exceed the Letter of Credit Commitment, the Borrower shall Cash Collateralize on such date an amount equal to the excess of the L/C Obligations over the Letter of Credit Commitment.

(iii) If on any date the aggregate unpaid principal amount of outstanding Incremental Revolving Loans made under an Incremental Facility exceeds the aggregate amount of the Incremental Revolving Commitments relating to such Incremental Facility, then the Borrower shall immediately prepay the amount of such excess. Any payments on Incremental Revolving Loans made under an Incremental Facility pursuant to this Section 2.06(a)(iii) shall be applied pro rata among the applicable Incremental Revolving Lenders having Incremental Revolving Commitments with respect to such Incremental Facility.

(b)

(ii) Nothing in this Section 2.06 (b) shall be deemed to permit any Disposition not otherwise permitted under this Agreement.

(iii) On the Reinvestment Prepayment Date with respect to a Reinvestment Election, an amount equal to the Reinvestment Prepayment Amount, if any, for such Reinvestment Election shall be applied to prepay outstanding principal of the Term B Loans and the Revolving Loans on a pro rata basis among such Loans.

(c) Within 90 days after any Nexstar Entity receives any proceeds from any Recovery Event, an amount equal to 100% of the proceeds of such Recovery Event (net of reasonable costs including, without limitation, legal costs and expenses and taxes incurred in connection with such Recovery Event and the collection of the proceeds thereof) shall be applied to prepay outstanding principal of the Term B Loans and the Revolving Loans on a pro rata basis among such Loans; provided that so long as no Default then exists, this requirement for mandatory prepayment shall be reduced by any amounts (i) actually applied on or before such 90th day or (ii) committed in writing on or before such 90th day to be applied to the replacement or restoration of the assets subject to such Recovery Event within 365 days after such Recovery Event and; provided further that with respect to no more than $1,000,000 in the aggregate of the proceeds received from any Recovery Event, the proceeds therefrom shall not be required to be so applied if no Default then exists.

(d) On each date which is 90 days after the last day of each Fiscal Year commencing with the Fiscal Year ending on December 31, 2005, an amount equal to 75% of the Excess Cash Flow of the Borrower for such Fiscal Year shall be applied to prepay outstanding principal of the Term B Loans and the Revolving Loans on a pro rata basis among such Loans; provided that (A) if the Consolidated Total Leverage Ratio on the last day of each of the last two consecutive Fiscal Quarters during such Fiscal Year is equal to or less than 5.50:1.00, an amount equal to 50%, and not 75%, of the Excess Cash Flow of the Borrower for such Fiscal Year shall be applied to prepay outstanding principal of the Term B Loans and the Revolving Loans on a pro rata basis among such Loans, and (B) if the Consolidated Total Leverage Ratio on the last day of each of the last two consecutive Fiscal Quarters during such Fiscal Year is equal to or less than 4.50:1.00, then no payment in respect of such Fiscal Year shall be required pursuant to this Section 2.06(d) and, provided further that with respect to each Fiscal Year, the amount which would otherwise be payable pursuant to this Section 2.06(d) may be reduced by $2,000,000 so long as no Default exists on such 90th day.

(e) On the Business Day after the date of the receipt by any Nexstar Entity of Net Issuance Proceeds from any sale or issuance of Capital Stock (including the Permitted Parent Preferred Equity described in Section 7.05(j)) or cash capital contribution other than Excluded Proceeds, the Borrower shall prepay outstanding principal of the Term B Loans and the Revolving Loans, on a pro rata basis among such Loans, in an amount equal to 50% of such Net Issuance Proceeds, provided so long as no Default exists on the date of such issuance, the amount of the prepayments required to be made under this Section 2.06(e) shall be reduced to the extent (but only to the extent) that such Net Issuance Proceeds are used or to be used in connection with an Acquisition made in accordance with the terms of Section 7.04 (including by waiver or consent) which a Nexstar Entity commits to in writing pursuant to a stock purchase agreement (or similar agreement) within six months after the date of such issuance; provided further that at any time after the expiration of such six month period, if (A) the definitive agreement executed in connection with any such Acquisition is terminated, expires or otherwise becomes ineffective prior to the consummation of such Acquisition, (B) the Borrower is no longer pursuing the consummation of the Acquisition in good faith or (C) such Acquisition is not consummated within 18 months from the date the Nexstar Entity committed in writing to such Acquisition, then the amount of prepayments required to be made under this Section 2.06(e) shall be increased by the amount of such Net Issuance Proceeds that were not used to consummate such Acquisition; and provided further that during the existence of a Default, the Borrower shall prepay outstanding principal of the Term B Loans and the Revolving Loans, on a pro rata basis among such Loans, in an amount equal to 100% of such Net Issuance Proceeds.

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(f) If on any date any Nexstar Entity shall incur or issue any Indebtedness (other than (x) the Permitted Parent Preferred Equity described in Section 7.05(j) and (y) Indebtedness described in subsections (a) - (d), (f) - (i) of Section 7.05), then on each such date of incurrence or issuance an amount equal to the amount of the Net Debt Proceeds received with respect to such Indebtedness shall be applied to prepay outstanding principal of the Term B Loans and the Revolving Loans, on a pro rata basis among such Loans; provided that so long as no Default exists on the date of such incurrence or issuance, the amount of the prepayments required to be made under this Section 2.06(f) shall be reduced to the extent (but only to the extent) that such Net Debt Proceeds are used or to be used in connection with an Acquisition made in accordance with Section 7.04 (including by waiver or consent) which a Nexstar Entity commits to in writing pursuant to a stock purchase agreement (or similar agreement) within six months after the date of such incurrence or issuance of Indebtedness; provided further that at any time after the expiration of such six month period, if (A) the definitive agreement executed in connection with any such Acquisition is terminated, expires or otherwise becomes ineffective prior to the consummation of such Acquisition, (B) the Borrower is no longer pursuing the consummation of the Acquisition in good faith or (C) such Acquisition is not consummated within 18 months from the date the Nexstar Entity committed in writing to such Acquisition, then the amount of prepayments required to be made under this Section 2.06(f) shall be increased by the amount of such Net Debt Proceeds that were not used to consummate such Acquisition.

(g) Intentionally Omitted.

(h) The Borrower shall pay, together with each prepayment under this Section 2.06, accrued interest on the amount prepaid and any amounts required pursuant to Section 3.05; provided that interest to be paid in connection with any such prepayment of Base Rate Loans (other than a prepayment in full) shall instead be paid on the next occurring Interest Payment Date.

(i) Any prepayments pursuant to this Section 2.06 made on a day other than an Interest Payment Date for any Loan shall be applied first to any Base Rate Loans then outstanding and then to Eurodollar Loans with the shortest Interest Periods remaining.

(j) Any prepayment of Term B Loans pursuant to this Section 2.06 shall be applied to the remaining scheduled installments of Term B Loans to be made pursuant to Section 2.07(a), pro rata (based on the then remaining amounts of such remaining installments).

(k) Notwithstanding anything to the contrary contained in this Section 2.06, any Term B Lender may elect, by delivering written notice to the Administrative Agent prior to the receipt thereof, not to receive its pro rata portion of any mandatory prepayment that would otherwise be payable to such Term B Lender pursuant to this Section 2.06, whereupon such portion shall be reallocated to prepay the outstanding principal amount of all Term B Loans and Revolving Loans other than the Term B Loans held by such Term B Lender and any other Term B Lender that has elected not to receive its pro rata portion of such mandatory prepayment, on a pro rata basis among such Loans.

2.07 Repayment of Loans.

(a) The Term B Loans. The Term B Loans shall mature, and the outstanding principal amount thereof shall be due and payable in full (together with all accrued and unpaid interest thereon), on the Stated Term B Maturity Date. In addition, on the last day of each Fiscal Quarter (or, in the case of the final principal installment to be repaid in Fiscal Year 2012, on the Stated Term B Maturity Date), commencing on December 30, 2005, the Borrower shall repay, and there shall become due and payable, a quarterly principal installment on the Term B Loans in an amount equal to 0.25% of the Aggregate Outstanding Term B Loan Balance on December 30, 2005 (immediately prior to the installment payable on such date); provided that the final principal installment in the amount of the then unpaid principal amount of the Term B Loans, together with all unpaid Obligations accrued in connection with such Term B Loans, shall be due on the Stated Term B Maturity Date.

(b) Application of Term B Loan Payments. Subject to Section 2.06(k) and Section 10.19(k), any payment made on Term B Loans pursuant to this Section 2.07, Section 2.05, Section 2.06 or Section 10.19 shall be applied pro rata to each Lender's Term B Loans in accordance with such Lender's Term B Facility Percentage.

(c) The Revolving Loans. Each Revolving Loan shall mature, and the outstanding principal amount thereof shall be due and payable in full (together with all accrued and unpaid interest thereon) on the Stated Revolving Credit Maturity Date.

(d) All Obligations. The aggregate amount of all outstanding and unpaid Obligations shall be due and payable in full on October 1, 2012.

(e) Application of Revolving Loan Payments. Any payment made on Revolving Loans pursuant to this Section 2.07, Section 2.05, Section 2.06 or Section 10.19 shall be applied pro rata to each Lender's Revolving Loans in accordance with such Lender's Revolving Facility Percentage.

2.08 Interest.

(a) Subject to the provisions of subsection (b) below, (i) each Eurodollar Loan shall bear interest on the outstanding principal amount thereof for each Interest Period at a rate per annum equal to the Eurodollar Rate for such Interest Period plus the Applicable Margin, but in no event in excess of the Highest Lawful Rate; and (ii) each Base Rate Loan shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the Base Rate plus the Applicable Margin, but in no event in excess of the Highest Lawful Rate.

(b)

(i) If (A) any amount of principal of any Loan, or any regularly scheduled amount payable hereunder or under any other Loan Document, is not paid in full when due (subject to any applicable grace periods), whether at stated maturity, by acceleration or otherwise, or (B) an Event of Default shall have occurred and be continuing, all amounts bearing interest hereunder shall thereafter bear interest at a fluctuating interest rate per annum at all times equal to the Default Rate to the fullest extent permitted by Applicable Laws, but in no event in excess of the Highest Lawful Rate.

(ii) If any amount (other than principal of any Loan) payable by the Borrower under any Loan Document is not paid when due (subject to any applicable grace periods), whether at stated maturity, by acceleration or otherwise, then all amounts bearing interest hereunder shall thereafter bear interest at a fluctuating interest rate per annum at all times equal to the Default Rate to the fullest extent permitted by Applicable Laws, but in no event in excess of the Highest Lawful Rate.

(iii) Accrued and unpaid interest on past due amounts (including interest on past due interest) shall be due and payable upon demand.

(c) Interest on each Loan shall be due and payable in arrears on each Interest Payment Date applicable thereto and at such other times as may be specified herein. Interest hereunder shall be due and payable in accordance with the terms hereof before and after judgment, and before and after the commencement of any proceeding under any Debtor Relief Law.

2.09 Fees. In addition to certain fees described in subsections (i) and (j) of Section 2.03:

(a) The Borrower shall pay to the Administrative Agent for the ratable account of each Lender with a Revolving Commitment, on the last Business Day of each March, June, September and December and on the earlier of the Stated Revolving Credit Maturity Date and the date on which the Aggregate Revolving Commitments shall have been terminated in full, an aggregate commitment fee (the "Revolving Commitment Fee") on the daily average amount for the quarterly period then ended of the Aggregate Available Revolving Commitment equal to 0.75% per annum. The Revolving Commitment Fee shall begin to accrue on and after the Effective Date and shall cease to accrue on the earlier of the Stated Revolving Credit Maturity Date and the date on which the Aggregate Revolving Commitments shall have been terminated in full.

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(b) Other Fees.

(i) The Borrower shall pay to the Joint Lead Arrangers, Joint Book Managers and the Administrative Agent for their own respective accounts fees in the amounts and at the times specified in the Fee Letters. Such fees shall be fully earned when paid and shall not be refundable for any reason whatsoever.

(ii) The Borrower shall pay to the Lenders such fees as shall have been separately agreed upon in writing in the amounts and at the times so specified. Such fees shall be fully earned when paid and shall not be refundable for any reason whatsoever.

(c) Fees under Existing Nexstar Credit Agreement. Notwithstanding anything to the contrary in this Agreement, all fees which, as of the Effective Date, remain outstanding under the Existing Nexstar Credit Agreement will be due and payable on the first payment date scheduled for payment of fees under this Agreement occurring after the Effective Date.

2.10 Computation of Interest and Fees. All computations of commitment fees, and interest payable in respect of Base Rate Loans when the Base Rate is determined by Bank of America's "prime rate" shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest shall be made on the basis of a 360 day year and actual days elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365 day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), bear interest for one day. Each determination by the Administrative Agent of an interest rate or fee hereunder shall be conclusive and binding for all purposes, absent manifest error.

2.11 Evidence of Debt.

(a) The Credit Events made by each Lender shall be evidenced by one or more accounts or records maintained by such Lender and by the Administrative Agent in the ordinary course of business. The accounts or records maintained by the Administrative Agent and each Lender shall be conclusive absent manifest error of the amount of the Credit Events made by the Lenders to the Borrower and the interest and payments thereon. Any failure to so record or any error in doing so shall not, however, limit or otherwise affect the obligation of the Borrower hereunder to pay any amount owing with respect to the Obligations. In the event of any conflict between the accounts and records maintained by any Lender and the accounts and records of the Administrative Agent in respect of such matters, the accounts and records of the Administrative Agent shall control in the absence of manifest error. Upon the request of any Lender made through the Administrative Agent, the Borrower shall execute and deliver to such Lender (through the Administrative Agent) a Revolving Loan Note and/or a Term B Loan Note, as applicable, which shall evidence such Lender's Loans in addition to such accounts or records. Each Lender may attach schedules to its Note and endorse thereon the date, Type (if applicable), amount and maturity of its Loans and payments with respect thereto.

(b) In addition to the accounts and records referred to in subsection (a), each Lender and the Administrative Agent shall maintain in accordance with its usual practice accounts or records evidencing the purchases and sales by such Lender of participations in Letters of Credit. In the event of any conflict between the accounts and records maintained by the Administrative Agent and the accounts and records of any Lender in respect of such matters, the accounts and records of the Administrative Agent shall control in the absence of manifest error.

2.12 Payments Generally; Administrative Agent's Clawback.

(a) General. All payments (including prepayments) to be made by the Borrower shall be made without condition or deduction for any counterclaim, defense, recoupment or setoff. Except as otherwise expressly provided herein, all payments by the Borrower hereunder shall be made to the Administrative Agent, for the account of the respective Lenders to which such payment is owed, at the Administrative Agent's Office in Dollars and in immediately available funds not later than 12:00 noon on the date specified herein. The Administrative Agent will promptly distribute to each Lender its share, if any, of such payment in like funds as received by wire transfer to such Lender's Lending Office. All payments received by the Administrative Agent after 12:00 noon shall be deemed received on the next succeeding Business Day and any applicable interest or fee shall continue to accrue to (but excluding) such next succeeding Business Day. If any payment to be made by the Borrower shall come due on a day other than a Business Day, payment shall instead come due on the next following Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be.

(b)

(i) Funding by Lenders; Presumption by Administrative Agent. Unless the Administrative Agent shall have received notice from a Lender prior to the proposed date of any Borrowing of Eurodollar Loans (or, in the case of any Borrowing of Base Rate Loans, prior to 12:00 noon on the date of such Borrowing) that such Lender will not make available to the Administrative Agent such Lender's share of such Borrowing, the Administrative Agent may assume that such Lender has made such share available on such date in accordance with Section 2.02 (or, in the case of a Borrowing of Base Rate Loans, that such Lender has made such share available in accordance with and at the time required by Section 2.02) and may, in reliance upon such assumption, make available to the Borrower a corresponding amount. In such event, if a Lender has not in fact made its share of the applicable Borrowing available to the Administrative Agent, then the applicable Lender and the Borrower severally agree to pay to the Administrative Agent forthwith on demand such corresponding amount in immediately available funds with interest thereon, for each day from and including the date such amount is made available to the Borrower to but excluding the date of payment to the Administrative Agent, at (A) in the case of a payment to be made by such Lender, the greater of the Federal Funds Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation and (B) in the case of a payment to be made by the Borrower, the interest rate applicable to Base Rate Loans. If the Borrower and such Lender shall pay such interest to the Administrative Agent for the same or an overlapping period, the Administrative Agent shall promptly remit to the Borrower the amount of such interest paid by the Borrower for such period. If such Lender pays its share of the applicable Borrowing to the Administrative Agent, then the amount so paid shall constitute such Lender's Loan included in such Borrowing. Any payment by the Borrower shall be without prejudice to any claim the Borrower may have against a Lender that shall have failed to make such payment to the Administrative Agent.

(ii) Payments by Borrower; Presumptions by Administrative Agent. Unless the Administrative Agent shall have received notice from the Borrower prior to the date on which any payment is due to the Administrative Agent for the account of the Lenders or the L/C Issuer hereunder that the Borrower will not make such payment, the Administrative Agent may assume that the Borrower has made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the Lenders or the L/C Issuer, as the case may be, the amount due. In such event, if the Borrower has not in fact made such payment, then each of the Lenders or the L/C Issuer, as the case may be, severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender or the L/C Issuer, in immediately available funds with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to the Administrative Agent, at the greater of the Federal Funds Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation.

A notice of the Administrative Agent to any Lender or the Borrower with respect to any amount owing under this subsection (b) shall be conclusive, absent manifest error.

(c) Failure to Satisfy Conditions Precedent. If any Lender makes available to the Administrative Agent funds for any Loan to be made by such Lender as provided in the foregoing provisions of this Article II, and such funds are not made available to the Borrower by the Administrative Agent because the conditions to the applicable Credit Event set forth in Article IV are not satisfied or waived in accordance with the terms hereof, the Administrative Agent shall return such funds (in like funds as received from such Lender) to such Lender, without interest.

(d) Obligations of Lenders Several. The obligations of the Lenders hereunder to make Loans, to fund participations in Letters of Credit and to make payments pursuant to Section 10.04(c) are several and not joint. The failure of any Lender to make any Loan, to fund any such participation or to make any payment under Section 10.04(c) on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for the failure of any other Lender to so make its Loan, to purchase its participation or to make its payment under Section 10.04(c).

(e) Funding Source. Nothing herein shall be deemed to obligate any Lender to obtain the funds for any Loan in any particular place or manner or to constitute a representation by any Lender that it has obtained or will obtain the funds for any Loan in any particular place or manner.

2.13 Sharing of Payments by Lenders. If any Lender shall, by exercising any right of setoff or counterclaim or otherwise, obtain payment in respect of any principal of or interest on any of the Loans made by it, or the participations in L/C Obligations held by it resulting in such Lender's receiving payment of a proportion of the aggregate amount of such Loans or participations and accrued interest thereon greater than its pro rata share thereof as provided herein, then the Lender receiving such greater proportion shall (a) notify the Administrative Agent of such fact, and (b) purchase (for cash at face value) participations in the Loans and subparticipations in L/C Obligations of the other Lenders, or make such other adjustments as shall be equitable, so that the benefit of all such payments shall be shared by the Lenders ratably in accordance with the aggregate amount of principal of and accrued interest on their respective Loans and other amounts owing them, provided that:

(i) if any such participations or subparticipations are purchased and all or any portion of the payment giving rise thereto is recovered, such participations or subparticipations shall be rescinded and the purchase price restored to the extent of such recovery, without interest; and

(ii) the provisions of this Section shall not be construed to apply to (A) any payment made by the Borrower pursuant to and in accordance with the express terms of this Agreement, (B) any payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Loans or subparticipations in L/C Obligations to any assignee or participant, other than to the Borrower or any Subsidiary or any Affiliate of either thereof (as to which the provisions of this Section shall apply) or (C) any payment obtained by the L/C Issuer in connection with Cash Collateralizing any L/C Obligations, any other Cash Collateral or other arrangements made in respect of an Impacted Lender.

Each Credit Party consents to the foregoing and agrees, to the extent it may effectively do so under Applicable Law, that any Lender acquiring a participation pursuant to the foregoing arrangements may exercise against such Credit Party rights of setoff and counterclaim with respect to such participation as fully as if such Lender were a direct creditor of such Credit Party in the amount of such participation.

2.14 Security Documents and Guaranty Agreements.

(a) All Obligations under this Agreement and all other Loan Documents shall be secured in accordance with the Security Documents.

(b) All Obligations under this Agreement and all other Loan Documents shall be unconditionally guaranteed by the Parent Guarantors and the Subsidiary Guarantors pursuant to the Nexstar Guaranty Agreement.

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ARTICLE III.

TAXES, YIELD PROTECTION AND ILLEGALITY

3.01 Taxes.

(a) Payments Free of Taxes. Any and all payments by or on account of any obligation of the Borrower hereunder or under any other Loan Document shall be made free and clear of and without reduction or withholding for any Indemnified Taxes or Other Taxes, provided that if the Borrower shall be required by Applicable Law to deduct any Indemnified Taxes (including any Other Taxes) from such payments, then (i) the sum payable shall be increased as necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section) the Administrative Agent, Lender or L/C Issuer, as the case may be, receives an amount equal to the sum it would have received had no such deductions been made, (ii) the Borrower shall make such deductions and (iii) the Borrower shall timely pay the full amount deducted to the relevant Governmental Authority in accordance with Applicable Law.

(b) Payment of Other Taxes by the Borrower. Without limiting the provisions of subsection (a) above, the Borrower shall timely pay any Other Taxes to the relevant Governmental Authority in accordance with Applicable Law.

(c) Indemnification by the Borrower. The Borrower shall indemnify the Administrative Agent, each Lender and the L/C Issuer, within 10 days after demand therefor, for the full amount of any Indemnified Taxes or Other Taxes (including Indemnified Taxes or Other Taxes imposed or asserted on or attributable to amounts payable under this Section) paid by the Administrative Agent, such Lender or the L/C Issuer, as the case may be, and any penalties, interest and reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes or Other Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to the Borrower by a Lender or the L/C Issuer (with a copy to the Administrative Agent), or by the Administrative Agent on its own behalf or on behalf of a Lender or the L/C Issuer, shall be conclusive absent manifest error.

(d) Evidence of Payments. As soon as practicable after any payment of Indemnified Taxes or Other Taxes by the Borrower to a Governmental Authority, the Borrower shall deliver to the Administrative Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of the return reporting such payment or other evidence of such payment reasonably satisfactory to the Administrative Agent.

(e) Status of Lenders. Each Foreign Lender shall deliver to the Borrower (with a copy to the Administrative Agent), at the time or times prescribed by Applicable Law or reasonably requested by the Borrower or the Administrative Agent, such properly completed and executed documentation prescribed by Applicable Law as will permit payments to be made hereunder without withholding. In addition, any Lender, if requested by the Borrower or the Administrative Agent, shall deliver such other documentation prescribed by Applicable Law or reasonably requested by the Borrower or the Administrative Agent as will enable the Borrower or the Administrative Agent to determine whether or not such Lender is subject to backup withholding or information reporting requirements.

Without limiting the generality of the foregoing, in the event that the Borrower is resident for tax purposes in the United States, any Foreign Lender shall deliver to the Borrower and the Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to time thereafter upon the request of the Borrower or the Administrative Agent), whichever of the following is applicable:

(i) duly completed copies of Internal Revenue Service Form W-8BEN claiming eligibility for benefits of an income tax treaty to which the United States is a party,

(ii) duly completed copies of Internal Revenue Service Form W-8ECI,

(iii) in the case of a Foreign Lender claiming the benefits of the exemption for portfolio interest under Section 881(c) of the Code, (x) a certificate to the effect that such Foreign Lender is not (A) a "bank" within the meaning of Section 881(c)(3)(A) of the Code, (B) a "10 percent shareholder" of the Borrower within the meaning of Section 881(c)(3)(B) of the Code, or (C) a "controlled foreign corporation" described in Section 881(c)(3)(C) of the Code and (y) duly completed copies of Internal Revenue Service Form W-8BEN, or

(iv) any other form or similar documentation prescribed by Applicable Law as a basis for claiming exemption from or a reduction in United States Federal withholding tax duly completed together with such supplementary documentation as may be prescribed by Applicable Law to permit the Borrower to determine the withholding or deduction required to be made.

(f) Treatment of Certain Refunds. If the Administrative Agent, any Lender or the L/C Issuer determines, in its sole discretion, that it has received a refund of any Taxes or Other Taxes as to which it has been indemnified by the Borrower or with respect to which the Borrower has paid additional amounts pursuant to this Section, it shall pay to the Borrower an amount equal to such refund (but only to the extent of indemnity payments made, or additional amounts paid, by the Borrower under this Section with respect to the Taxes or Other Taxes giving rise to such refund), net of all out-of-pocket expenses of the Administrative Agent, such Lender or the L/C Issuer, as the case may be, and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund), provided that the Borrower, upon the request of the Administrative Agent, such Lender or the L/C Issuer, agrees to repay the amount paid over to the Borrower (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) to the Administrative Agent, such Lender or the L/C Issuer in the event the Administrative Agent, such Lender or the L/C Issuer is required to repay such refund to such Governmental Authority. This subsection shall not be construed to require the Administrative Agent, any Lender or the L/C Issuer to make available its tax returns (or any other information relating to its taxes that it deems confidential) to the Borrower or any other Person.

3.02 Illegality. If any Lender determines that any Law has made it unlawful, or that any Governmental Authority has asserted that it is unlawful, for any Lender or its applicable Lending Office to make, maintain or fund Eurodollar Loans, or to determine or charge interest rates based upon the Eurodollar Rate, or any Governmental Authority has imposed material restrictions on the authority of such Lender to purchase or sell, or to take deposits of, Dollars in the London interbank market, then, on notice thereof by such Lender to the Borrower through the Administrative Agent, any obligation of such Lender to make or continue Eurodollar Loans or to convert Base Rate Loans to Eurodollar Loans shall be suspended until such Lender notifies the Administrative Agent and the Borrower that the circumstances giving rise to such determination no longer exist. Upon receipt of such notice, the Borrower shall, upon demand from such Lender (with a copy to the Administrative Agent), prepay or, if applicable, convert all Eurodollar Loans of such Lender to Base Rate Loans, either on the last day of the Interest Period therefor, if such Lender may lawfully continue to maintain such Eurodollar Loans to such day, or immediately, if such Lender may not lawfully continue to maintain such Eurodollar Loans. Upon any such prepayment or conversion, the Borrower shall also pay accrued interest on the amount so prepaid or converted.

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3.03 Inability to Determine Rates. If the Majority Lenders determine that for any reason in connection with any request for a Eurodollar Loan or a conversion to or continuation thereof that (a) Dollar deposits are not being offered to banks in the London interbank eurodollar market for the applicable amount and Interest Period of such Eurodollar Loan, (b) adequate and reasonable means do not exist for determining the Eurodollar Base Rate for any requested Interest Period with respect to a proposed Eurodollar Loan, or (c) the Eurodollar Base Rate for any requested Interest Period with respect to a proposed Eurodollar Loan does not adequately and fairly reflect the cost to such Lenders of funding such Loan, the Administrative Agent will promptly so notify the Borrower and each Lender. Thereafter, the obligation of the Lenders to make or maintain Eurodollar Loans shall be suspended until the Administrative Agent (upon the instruction of the Majority Lenders) revokes such notice. Upon receipt of such notice, the Borrower may revoke any pending request for a Borrowing of, conversion to or continuation of Eurodollar Loans or, failing that, will be deemed to have converted such request into a request for a Borrowing of Base Rate Loans in the amount specified therein.

3.04 Increased Costs; Reserves on Eurodollar Loans.

(a) Increased Costs Generally. If any Change in Law shall:

(i) impose, modify or deem applicable any reserve, special deposit, compulsory loan, insurance charge or similar requirement against assets of, deposits with or for the account of, or credit extended or participated in by, any Lender (except any reserve requirement reflected in the Eurodollar Rate) or the L/C Issuer;

(ii) subject any Lender or the L/C Issuer to any tax of any kind whatsoever with respect to this Agreement, any Letter of Credit, any participation in a Letter of Credit or any Eurodollar Loan made by it, or change the basis of taxation of payments to such Lender or the L/C Issuer in respect thereof (except for Indemnified Taxes or Other Taxes covered by Section 3.01 and the imposition of, or any change in the rate of, any Excluded Tax payable by such Lender or the L/C Issuer); or

(iii) impose on any Lender or the L/C Issuer or the London interbank market any other condition, cost or expense affecting this Agreement or Eurodollar Loans made by such Lender or any Letter of Credit or participation therein;

and the result of any of the foregoing shall be to increase the cost to such Lender of making or maintaining any Eurodollar Loan (or of maintaining its obligation to make any such Loan), or to increase the cost to such Lender or the L/C Issuer of participating in, issuing or maintaining any Letter of Credit (or of maintaining its obligation to participate in or to issue any Letter of Credit), or to reduce the amount of any sum received or receivable by such Lender or the L/C Issuer hereunder (whether of principal, interest or any other amount) then, upon request of such Lender or the L/C Issuer, the Borrower will pay to such Lender or the L/C Issuer, as the case may be, such additional amount or amounts as will compensate such Lender or the L/C Issuer, as the case may be, for such additional costs incurred or reduction suffered.

(b) Capital Requirements. If any Lender or the L/C Issuer determines that any Change in Law affecting such Lender or the L/C Issuer or any Lending Office of such Lender or such Lender's or the L/C Issuer's holding company, if any, regarding capital requirements has or would have the effect of reducing the rate of return on such Lender's or the L/C Issuer's capital or on the capital of such Lender's or the L/C Issuer's holding company, if any, as a consequence of this Agreement, the Commitments of such Lender or the Loans made by, or participations in Letters of Credit held by, such Lender, or the Letters of Credit issued by the L/C Issuer, to a level below that which such Lender or the L/C Issuer or such Lender's or the L/C Issuer's holding company could have achieved but for such Change in Law (taking into consideration such Lender's or the L/C Issuer's policies and the policies of such Lender's or the L/C Issuer's holding company with respect to capital adequacy), then from time to time the Borrower will pay to such Lender or the L/C Issuer, as the case may be, such additional amount or amounts as will compensate such Lender or the L/C Issuer or such Lender's or the L/C Issuer's holding company for any such reduction suffered.

(c) Certificates for Reimbursement. A certificate of a Lender or the L/C Issuer setting forth the amount or amounts necessary to compensate such Lender or the L/C Issuer or its holding company, as the case may be, as specified in subsection (a) or (b) of this Section 3.04 and delivered to the Borrower shall be conclusive absent manifest error. The Borrower shall pay such Lender or the L/C Issuer, as the case may be, the amount shown as due on any such certificate within 10 days after receipt thereof.

(d) Delay in Requests. Failure or delay on the part of any Lender or the L/C Issuer to demand compensation pursuant to the foregoing provisions of this Section 3.04 shall not constitute a waiver of such Lender's or the L/C Issuer's right to demand such compensation, provided that the Borrower shall not be required to compensate a Lender or the L/C Issuer pursuant to the foregoing provisions of this Section 3.04 for any increased costs incurred or reductions suffered more than nine months prior to the date that such Lender or the L/C Issuer, as the case may be, notifies the Borrower of the Change in Law giving rise to such increased costs or reductions and of such Lender's or the L/C Issuer's intention to claim compensation therefor (except that, if the Change in Law giving rise to such increased costs or reductions is retroactive, then the nine-month period referred to above shall be extended to include the period of retroactive effect thereof).

3.05 Compensation for Losses. Upon demand of any Lender (with a copy to the Administrative Agent) from time to time, the Borrower shall promptly compensate such Lender for and hold such Lender harmless from any loss, cost or expense incurred by it as a result of:

(a) any continuation, conversion, payment or prepayment of any Loan other than a Base Rate Loan on a day other than the last day of the Interest Period for such Loan (whether voluntary, mandatory, automatic, by reason of acceleration, or otherwise);

(b) any failure by the Borrower (for a reason other than the failure of such Lender to make a Loan) to prepay, borrow, continue or convert any Loan other than a Base Rate Loan on the date or in the amount notified by the Borrower; or

(c) any assignment of a Eurodollar Loan on a day other than the last day of the Interest Period therefor as a result of a request by the Borrower pursuant to Section 10.13;

including any loss or expense arising from the liquidation or reemployment of funds obtained by it to maintain such Loan or from fees payable to terminate the deposits from which such funds were obtained. The Borrower shall also pay any customary administrative fees charged by such Lender in connection with the foregoing.

For purposes of calculating amounts payable by the Borrower to the Lenders under this Section 3.05, each Lender shall be deemed to have funded each Eurodollar Loan made by it at the Eurodollar Base Rate used in determining the Eurodollar Rate for such Loan by a matching deposit or other borrowing in the London interbank eurodollar market for a comparable amount and for a comparable period, whether or not such Eurodollar Loan was in fact so funded.

3.06 Mitigation Obligations; Replacement of Lenders.

(a) Designation of a Different Lending Office. If any Lender requests compensation under Section 3.04, or the Borrower is required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 3.01, or if any Lender gives a notice pursuant to Section 3.02, then such Lender shall use reasonable efforts to designate a different Lending Office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the judgment of such Lender, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 3.01 or 3.04, as the case may be, in the future, or eliminate the need for the notice pursuant to Section 3.02, as applicable, and (ii) in each case, would not subject such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender. The Borrower hereby agrees to pay all reasonable costs and expenses incurred by any Lender in connection with any such designation or assignment.

(b) Replacement of Lenders. If any Lender requests compensation under Section 3.04, or if the Borrower is required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 3.01, the Borrower may replace such Lender in accordance with Section 10.13.

3.07 Survival. All of the Borrower's obligations under this Article III shall survive termination of the Commitments and repayment of all other Obligations hereunder.

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ARTICLE IV.

CONDITIONS PRECEDENT

4.01 Conditions to the Effective Date. The occurrence of the Effective Date and the obligation of the Lenders to make Loans or purchase L/C Advances and the L/C Issuer to issue Letters of Credit on the Initial Borrowing Date are subject to the receipt by the Administrative Agent prior to or concurrently with the occurrence of the Effective Date and the making of Loans and the issuance of Letters of Credit on the Initial Borrowing Date of each of the items set forth in this Section 4.01 in form and substance reasonably satisfactory to the Administrative Agent and the Lenders and in sufficient copies for each Lender:

(a) Fourth Amended and Restated Credit Agreement. This Agreement duly executed and delivered by the Parent Guarantors, the Borrower, the Administrative Agent, the Co-Syndication Agents, the L/C Issuer, each of the other Lenders and by each of the other parties listed on the signature pages hereof (or, in the case of any party as to which an executed counterpart shall not have been received, receipt by the Administrative Agent in form satisfactory to it of a facsimile or other written confirmation from such party of execution of a counterpart of this Agreement by such party).

(b) Closing Certificates. A Closing Certificate of each Credit Party, dated the Effective Date, duly executed on such Credit Party's behalf by a Responsible Officer and the Secretary or any Assistant Secretary of such Credit Party, together with:

(i) original certificates of existence and good standing, dated not more than 10 days prior to the Effective Date, from appropriate officials of each Credit Party's respective state of incorporation or organization and certificates of good standing and authority to do business, dated not more than 10 days prior to Effective Date, from appropriate officials of any and all jurisdictions where each Credit Party's property or business makes qualification to transact business therein necessary and where the failure to be so qualified could reasonably be expected to have a Material Adverse Effect;

(ii) copies of Board Resolutions of each Credit Party approving the Loan Documents to which such Credit Party is a party and authorizing the transactions contemplated herein and therein, duly adopted at a meeting of, or by the unanimous written consent of, the Board of Directors of such Credit Party; and

(iii) a copy of all Charter Documents of each Credit Party. The articles/certificate of incorporation (or equivalent limited liability company document) of each Credit Party shall be accompanied by an original certificate issued by the Secretary of the State of incorporation or organization of such Credit Party, dated not more than 10 days prior to the Effective Date, certifying that such copy is correct and complete.

(i) An opinion of Kirkland & Ellis, counsel to the Credit Parties, addressed to the Administrative Agent and the Lenders, which opinion shall cover such matters incident to the transactions contemplated herein and in the other Loan Documents as the Administrative Agent may reasonably request and shall be in form and substance reasonably satisfactory to the Administrative Agent; and

(ii) an opinion of FCC counsel to the Credit Parties addressed to the Administrative Agent and the Lenders, which opinion shall cover such matters incident to the transactions contemplated herein and in the other Loan Documents as the Administrative Agent may reasonably request and shall be in form and substance reasonably satisfactory to the Administrative Agent.

(d) Certificates. A certificate of each Credit Party executed on such Credit Party's behalf by a Responsible Officer of such Credit Party, dated as of the Effective Date, stating that:

(i) the representations and warranties of the Parent Guarantors and the Borrower contained in Article V and the representations and warranties of the other Credit Parties set forth in the Loan Documents to which they are a party are true and correct on and as of such date, as though made on and as of such date (except to the extent such representations and warranties expressly relate to an earlier date, in which case such representations and warranties shall be true and correct as of such earlier date); provided, however, that on the Initial Borrowing Date, the Borrower shall not make the representations set forth in (x) Section 5.11(c) with respect to clause (i) of the definition of "Material Adverse Effect" and (y) Section 5.11 (d);

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(ii) no Default exists both before and after giving effect to any Borrowing or the issuance of any Letter of Credit on the Initial Borrowing Date; and

(iii) after giving effect to the initial Credit Event under this Agreement, no Nexstar Entity will have any Indebtedness outstanding except as shall be permitted under Section 7.05.

(e) Financial Statements. Consolidated audited financial statements of the Nexstar Entities for Fiscal Year 2004.

(f) Solvency Certificate. The Solvency Certificate.

(g) Information Certificate. The Information Certificate containing information not otherwise provided in the Security Documents.

(h) Confirmation Agreements. Confirmation Agreements duly executed by a Responsible Officer of the respective Credit Party, substantially in the form of Exhibits D-1, D-2, D-3 and D-4.

(i) Revolving Reallocation Letter. A Revolving Reallocation Letter duly executed by the Revolving Lenders, the Nexstar Entities and the Mission Borrower.

(j) Other Documents. Such other approvals, opinions or documents, including financing statements, as either Agent or any Lender may reasonably request.

4.02 Additional Conditions to the Effective Date. The occurrence of the Effective Date and the obligation of the Lenders to make Loans and the L/C Issuer to issue Letters of Credit on the Initial Borrowing Date are subject to the satisfaction, prior to or concurrently with the occurrence of the Effective Date and the making of Loans and the issuance of Letters of Credit on the Initial Borrowing Date of the other conditions precedent set forth below, each in a manner reasonably satisfactory to the Administrative Agent and the Lenders:

(a) Mission Credit Agreement. On or prior to the Effective Date, the Mission Borrower shall have entered into the Mission Credit Agreement and related loan documents, and shall have utilized the proceeds from same to incur up to $220,200,000 in Indebtedness to refinance the Indebtedness outstanding under the Existing Mission Credit Agreement (as defined in the Mission Credit Agreement), all on a basis which is satisfactory to the Administrative Agent and the Lenders.

(b) No Restraints. There shall exist no judgment, order, injunction or other restraint which would prevent or delay the consummation of, or impose materially adverse conditions upon this Agreement and the other Loan Documents, the Mission Credit Agreement and related documents or any of the transactions contemplated in connection with any of the foregoing.

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(c) Margin Regulations. All Loans made under this Agreement shall be in full compliance with all applicable Requirements of Law, including, without limitation, Regulations T, U and X of the Federal Reserve Board.

(d) Fees. The Administrative Agent, the L/C Issuer and the other Lenders shall have received (i) all fees and expenses that are due and payable on or before the Effective Date pursuant to this Agreement and any other Loan Document and (ii) an amount equal to the estimated fees and expenses of Winstead Sechrest & Minick P.C. incurred in connection with the preparation, examination, negotiation, execution and delivery of this Agreement, the other Loan Documents and the consummation of the transactions contemplated herein.

(e) Intentionally Deleted.

(f) Governmental and Third Party Approvals. All material Authorizations and third-party approvals (including, without limitation, all FCC Licenses and consents) necessary or appropriate in connection with this Agreement or the other Loan Documents, the Mission Loan Documents, and the other transactions contemplated herein and in the other Loan Documents shall have been obtained and shall be in full force and effect, and all applicable waiting periods shall have expired without any action being taken or threatened by any competent authority which would restrain, prevent or otherwise impose materially adverse conditions on this Agreement, the other Loan Documents, the Mission Loan Documents, or any of the other transactions contemplated herein or therein.

(g) All Proceedings Satisfactory. All corporate and other proceedings taken prior to or on the Effective Date in connection with this Agreement, the other Loan Documents and the transactions contemplated herein and all documents and evidences incident thereto shall be satisfactory in form and substance to the Lenders, and the Lenders shall have received such copies thereof and such other materials (certified, if requested) as they may have reasonably requested in connection therewith.

Without limiting the generality of the provisions of Section 9.04, for purposes of determining compliance with the conditions specified in Section 4.01 and Section 4.02, each Lender that has signed this Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless the Administrative Agent shall have received notice from such Lender prior to the proposed Effective Date specifying its objection thereto.

4.03 Conditions to All Borrowings and the Issuance of Any Letters of Credit. The obligation of the Lenders to make or convert any Loans agreed to be made by them hereunder and the obligation of the L/C Issuer to issue, renew or amend any Letter of Credit (including any initial Loans to be made or Letters of Credit to be issued on the Initial Borrowing Date) are subject to the satisfaction of the following conditions precedent on the relevant Borrowing Date or date of issuance of a Letter of Credit, as applicable.

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(a) Request for Credit Extension. The Administrative Agent (and the L/C Issuer, in the case of any issuance of a Letter of Credit) shall have received, as applicable, a Request for Credit Extension.

(b) Representations and Warranties. Each of the representations and warranties made by the Credit Parties in or pursuant to the Loan Documents shall be true and correct in all material respects on and as of such Borrowing Date or date of issuance of a Letter of Credit as if made on and as of such date, both before and after giving effect to the Credit Event requested to be made on such date and the proposed use of the proceeds thereof (except to the extent such representations and warranties expressly refer to an earlier date, in which case they shall be true and correct as of such earlier date).

(c) No Default. No Default shall exist both before and after giving effect to the Credit Event requested to be made on such date and the proposed use of proceeds thereof.

(d) No Material Adverse Effect. On each Borrowing Date other than the Initial Borrowing Date, no events shall have occurred since the Effective Date which, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect.

(e) Pro Forma Compliance. The Borrower shall have delivered to the Administrative Agent a certificate of a Responsible Officer (i) demonstrating in detail acceptable to the Administrative Agent, pro-forma compliance with both the Consolidated Total Leverage Ratio and Consolidated Senior Leverage Ratio on such date of borrowing after giving effect to all proposed borrowings and use of proceeds on such date (calculated using Consolidated Total Debt and other outstanding Indebtedness determined on such date of borrowing or extension of credit after giving effect to all Loans, Borrowings, L/C Credit Extensions and other borrowings and extensions of credit made and proposed to be made on such date and the use of proceeds thereof to Consolidated Operating Cash Flow as of the most recently completed Fiscal Quarter for which a Compliance Certificate has been delivered) and (ii) certifying that the conditions set forth in Sections 4.03(b), (c) and (d) are satisfied.

Each Request for Credit Extension submitted by the Borrower hereunder and each certificate of the Borrower delivered in accordance with the terms of Section 4.03(e) above, shall be deemed to constitute a representation and warranty by the Borrower hereunder, as of the date of each such Request for Credit Extension and as of the date of the related Borrowing or issuance of a Letter of Credit, that the conditions set forth in Section 4.03 have been satisfied.

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ARTICLE V.

REPRESENTATIONS AND WARRANTIES

To induce the Administrative Agent, the Co-Syndication Agents and the Lenders to enter into this Agreement and to make the Loans and to issue Letters of Credit, each Parent Guarantor and the Borrower both as to itself and as to its respective Subsidiaries hereby makes the

following representations and warranties to the Administrative Agent, the Co-Syndication Agents and each Lender:

5.01 Existence; Compliance with Law. Each Nexstar Entity (a) is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization; (b) has the corporate, limited liability company or partnership power and authority, legal right and all governmental licenses, Authorizations, consents and approvals to own (or hold under lease) and operate its property or assets and conduct the business in which it is currently engaged except, with respect only to such legal right and governmental licenses, Authorizations, consents and approvals, where the failure to possess any such legal right or governmental license, Authorization, consent or approvals could not reasonably be expected to have a Material Adverse Effect; (c) has the corporate, limited liability company or partnership power and authority, legal right and all governmental licenses, Authorizations, consents and approvals to execute, deliver, and perform its obligations under the Loan Documents to which it is a party; (d) is duly qualified to do business as a foreign entity, and licensed and in good standing, under the laws of each jurisdiction where its ownership, lease or operation of property or the nature or conduct of its business requires such qualification or license, except where the failure so to qualify could not reasonably be expected to have a Material Adverse Effect; and (e) is in compliance, in all material respects, with all Requirements of Law.

5.02 Corporate, Limited Liability Company or Partnership Authorization; No Contravention. The execution, delivery and performance by each Nexstar Entity of this Agreement and any other Loan Document to which such Nexstar Entity is a party have been duly authorized by all necessary corporate, limited liability company or partnership action, as the case may be, of such Nexstar Entity and do not and will not: (a) contravene any terms of the Charter Documents of such Nexstar Entity, (b) conflict with or result in any breach or contravention of, constitute (alone or with notice or lapse of time or both) a default under or give rise to any right to accelerate any material Contractual Obligation of any Nexstar Entity and will not result in, or require, the creation of any Lien on any of their respective properties or any revenues, income or profits therefrom, whether now owned or hereafter acquired pursuant to any Requirement of Law or Contractual Obligation (other than pursuant to the Security Documents) to which such Nexstar Entity is a party or any order, injunction, writ or decree of any Governmental Authority to which such Nexstar Entity or its property is subject; or (c) violate any Requirement of Law. On or prior to the Second Amendment Effective Date, the Borrower has delivered copies of all Charter Documents for each Credit Party, as each such Charter Document is in effect on the Second Amendment Effective Date to the Administrative Agent, including all schedules, exhibits, annexes and other documents and instruments related thereto or in connection therewith.

5.03 Governmental Authorization. No approval, consent, exemption, Authorization, or other action by, or in respect of, or notice to, or filing with (or approvals required under state blue sky securities laws) any Governmental Authority or any other Person is necessary or required in connection with the Borrowings to be made hereunder or with the execution, delivery or performance by, or enforcement against, any Nexstar Entity of this Agreement or any other Loan Document, except that (i) certain of the Loan Documents may have to be filed with the FCC after the Effective Date and (ii) the prior approval of the FCC may be required for the Lenders to exercise certain of their rights with respect to the Stations.

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5.04 Binding Effect. This Agreement and each other Loan Document to which any Nexstar Entity is a party constitutes the legal, valid and binding obligation of such Nexstar Entity to the extent such Nexstar Entity is a party thereto, enforceable against such Nexstar Entity in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, or similar laws affecting the enforcement of creditors' rights generally or by equitable principles of general applicability.

5.05 Litigation. There are no actions, suits, proceedings, claims or disputes pending, or to the best knowledge of each Nexstar Entity, threatened at law, in equity, in arbitration or before any Governmental Authority, against any Nexstar Entity or any of their respective properties or assets which: (a) purport to affect or pertain to this Agreement or any other Loan Document, or any of the transactions contemplated hereby or thereby; or (b) as to which there is a reasonable possibility of an adverse determination, that if adversely determined, could, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. No injunction, writ, temporary restraining order or any order of any nature has been issued by any court or other Governmental Authority purporting to enjoin or restrain the execution, delivery or performance of this Agreement or any other Loan Document, or directing that any transaction provided for herein or therein not be consummated as herein or therein provided.

5.06 No Default. No Default exists or will result from the incurring of any Obligations by any Nexstar Entity. No Nexstar Entity is in default under or with respect to any Contractual Obligation in any respect which, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect.

5.07 ERISA Compliance. Except as set forth on Schedule 5.07,

(a) Each Plan is in compliance in all material respects with the applicable provisions of ERISA, the Code and other federal or state law. Each Plan which is intended to qualify under Section 401(a) of the Code (i) has received a favorable determination letter from the Internal Revenue Service or (ii) has been recently established and has not received such a determination letter and such Plan complies with the requirements of Section 401(a) of the Code; and to the best knowledge of each Nexstar Entity nothing has occurred which would cause the loss of such qualification or the revocation of such determination letter.

(b) There are no pending or, to the best knowledge of each Nexstar Entity, threatened claims, actions or lawsuits, or action by any Governmental Authority, with respect to any Plan which has resulted, or could reasonably be expected to result, in a Material Adverse Effect. There has been no prohibited transaction or violation of the fiduciary responsibility rules with respect to any Plan which has resulted, or could reasonably be expected to result, in a Material Adverse Effect.

(c) No ERISA Event has occurred or is reasonably expected to occur with respect to any Pension Plan or Multiemployer Plan.

(d) As of the date hereof, no Pension Plan has an Unfunded Pension Liability.

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(e) No Nexstar Entity and no ERISA Affiliate has incurred, nor reasonably expects to incur, any material liability under Title IV of ERISA with respect to any Pension Plan.

(f) No Nexstar Entity and no ERISA Affiliate has incurred nor reasonably expects to incur any material liability (and no event has occurred which, with the giving of notice under Section 4219 of ERISA, would result in such material liability) under Section 4201 or 4243 of ERISA with respect to a Multiemployer Plan.

(g) No Nexstar Entity and no ERISA Affiliate has transferred any Unfunded Pension Liability to any Person or otherwise engaged in a transaction that could be subject to Section 4069 or 4212(c) of ERISA.

5.08 Use of Proceeds; Margin Regulations. No Nexstar Entity is engaged principally, or as one of its important activities, in the business of extending credit for the purpose of purchasing or carrying Margin Stock. No part of the proceeds of any Loan have been or will be used by any Nexstar Entity, whether directly or indirectly, and whether immediately, incidentally or ultimately, (i) to purchase or carry Margin Stock or to extend credit to others for the purpose of purchasing or carrying Margin Stock or to refund indebtedness originally incurred for such purpose, or (ii) for any purpose that entails a violation of, or that is inconsistent with, the provisions of the regulations of the Federal Reserve Board including Regulations U and X. If requested by any Lender or the Administrative Agent, each Credit Party will furnish to the Administrative Agent and each Lender a statement to the foregoing effect in conformity with the requirements of FR Form U-1 referred to in said Regulation U.

5.09 Ownership of Property; Intellectual Property.

(a) Each Nexstar Entity has good record and indefeasible title in fee simple to, or a valid leasehold interest in, all its Real Property, and good title to, a valid leasehold interest in, or a valid right to use, all its other property and assets which are material to the operations of its businesses, in each case subject only to Permitted Liens. All Mortgaged Properties of the Credit Parties as of December 15, 2009 are listed on Schedule 5.09 (except the two properties listed on such schedule asterisked as not to be mortgaged). The list of real properties owned and leased on Schedule 5.09 is a true, accurate and complete listing of all real property of the Credit Parties owned and/or leased by any Credit Party on the Second Amendment Effective Date. The list of repeaters, towers, transmitters and translators on Schedule 6.17(a) is a true, accurate and complete list of all repeaters, towers, transmitters and translators (other than any such equipment located on a motor vehicle which will be subject to a Lien and security interest pursuant to Section 6.17(b)) owned and/or leased by any Credit Party on the Second Amendment Effective Date.

(b) (i) Each Nexstar Entity has complied with all obligations under all leases to which it is a party and all such leases are in full force and effect and (ii) each Nexstar Entity enjoys peaceful and undisturbed possession under all such leases under which it is a tenant, in each case except where the failure to comply or to enjoy such possession, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect.

(c) As of the date of this Agreement, (i) no Nexstar Entity has received any notice of, nor has any knowledge of, any pending or contemplated condemnation proceeding affecting any Real Property owned by such Nexstar Entity or any sale or disposition thereof in lieu of condemnation and (ii) no Nexstar Entity is obligated under any right of first refusal, option or other contractual right to sell, assign or otherwise dispose of any of its Real Property or any interest therein.

(d) Each Nexstar Entity owns, or otherwise has the right to use, all trademarks, tradenames, copyrights, technology, know-how and processes ("Intellectual Property") necessary for the conduct of its business as currently conducted except for those which the failure to own or have the right to use, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect. Except for such claims that, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect, no claim has been asserted and is pending by any Person challenging or questioning the use of any such Intellectual Property or the validity or effectiveness of any such Intellectual Property, nor does any Nexstar Entity know of any valid basis for any such claim. Except for such infringements that, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect, to the knowledge of each Nexstar Entity, the use of such Intellectual Property by such Nexstar Entity does not infringe on the rights of any Person.

5.10 Taxes. Each Nexstar Entity has filed all federal and other material tax returns and reports required to be filed and paid the tax thereon shown to be due, and has paid all federal and other material taxes, assessments, fees and other governmental charges levied or imposed upon them or their properties, income or assets otherwise due and payable, except those which are being contested in good faith by appropriate proceedings and for which adequate reserves have been provided in accordance with GAAP. There is no proposed tax assessment against any Nexstar Entity which, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect.

5.11 Financial Statements.

(a) The Audited Financial Statements (i) were prepared in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein; (ii) fairly present the financial condition of the Nexstar Entities as of the date thereof and their results of operations for the period covered thereby in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein; and (iii) show all material indebtedness and other liabilities, direct or contingent, of the Nexstar Entities as of the date thereof, including liabilities for taxes, material commitments and Indebtedness, in each case to the extent required by GAAP (so applied) to be shown therein.

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(b) The unaudited consolidated balance sheet of the Nexstar Entities, if any, most recently delivered to the Administrative Agent pursuant to Section 6.01(b), and the related consolidated statements of income or operations, shareholders' equity and cash flows for the Fiscal Quarter ended on the date of such balance sheet (i) were prepared in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein, and (ii) fairly present the financial condition of the Nexstar Entities as of the date thereof and their results of operations for the period covered thereby, subject, in the case of clauses (i) and (ii), to the absence of footnotes and to normal year-end audit adjustments.

(c) Since the date of the Audited Financial Statements, there has been no event or circumstance, either individually or in the aggregate, that has had or could reasonably be expected to have a Material Adverse Effect.

(d) Since the date of the Audited Financial Statements, no Internal Control Event has occurred that has had or could reasonably be expected to have a Material Adverse Effect.

5.12 Securities Law, etc.; Compliance. All transactions contemplated by this Agreement and the other Loan Documents comply in all material respects with (a) Regulations T, U and X of the Federal Reserve Board and (b) all other Applicable Laws and any rules and regulations thereunder, except where the failure to comply, in the case of this clause (b), could not reasonably be expected to have a Material Adverse Effect.

5.13 Governmental Regulation. No Nexstar Entity is an "investment company" within the meaning of the Investment Company Act of 1940 or a "holding company," or a "subsidiary company" of a "holding company," or an "affiliate" of a "holding company" or of a "subsidiary company" of a "holding company," within the meaning of the Public Utility Holding Company Act of 1935. No Nexstar Entity is subject to regulation under any other federal or state statute or regulation which limits its ability to incur Indebtedness or Guaranty Obligations under this Agreement or any other Loan Document.

5.14 Accuracy of Information. All factual information (excluding, in any event, financial projections) heretofore or contemporaneously herewith furnished by or on behalf of any Nexstar Entity in writing to the Administrative Agent or any Lender for purposes of or in connection with this Agreement or any transaction contemplated hereby, and all other such factual information hereafter furnished by or on behalf of any Nexstar Entity to the Administrative Agent or any Lender will be, true and accurate in every material respect on the date as of which such information is dated or certified and not incomplete by omitting to state any material fact necessary to make such information, in the light of the circumstances existing at the time such information was delivered, not misleading.

5.15 Environmental Laws. The Nexstar Entities and their respective Subsidiaries conduct in the ordinary course of business a review of the effect of existing Environmental Laws and claims alleging potential liability or responsibility for violation of any Environmental Law on their respective businesses, operations and properties, and as a result thereof the Borrower has reasonably concluded that such Environmental Laws and claims could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

5.16 Environmental Compliance.

(a) With respect to properties currently owned or operated by any Nexstar Entity or any of their Subsidiaries, or to the knowledge of the Nexstar Entities, any property formerly owned or operated by any Nexstar Entity or any of its Subsidiaries:

(i) no such property is listed or proposed for listing on the NPL or on the CERCLIS or any analogous foreign, state or local list or is adjacent to any such property,

(ii) to the knowledge of the Nexstar Entities, (A) there are no and never have been any underground or above-ground storage tanks or any surface impoundments, septic tanks, pits, sumps or lagoons in which Hazardous Materials are being or have been treated, stored or disposed on any property currently owned or operated by any Nexstar Entity or any of its Subsidiaries or on any property owned by any other Credit Party or formerly owned or operated by any Credit Party and (B) there is no asbestos or asbestos-containing material on any property currently owned or operated by any Credit Party or any of its Subsidiaries; and

(iii) Hazardous Materials have not been released, discharged or disposed of on any property currently or formerly owned or operated by any Credit Party or any of its Subsidiaries in excess of the applicable legal limit,

in each case above, other than such matters which, individually or in the aggregate, could not reasonably be expected to result in a liability to the Credit Parties taken as a whole, in an amount greater than $500,000 during the term of this Agreement.

(b) Neither any Nexstar Entity nor any of its Subsidiaries is undertaking, and has not completed, either individually or together with other potentially responsible parties, any investigation or assessment or remedial or response action relating to any actual or threatened release, discharge or disposal of Hazardous Materials at any site, location or operation, either voluntarily or pursuant to the order of any Governmental Authority or the requirements of any Environmental Law; and all Hazardous Materials generated, used, treated, handled or stored at, or transported to or from, any property currently or formerly owned or operated by any Nexstar Entity or any of its Subsidiaries have been disposed of in a manner not reasonably expected to result in material liability to any Nexstar Entity or any of its Subsidiaries, in each case above, other than such matters which, individually or in the aggregate, could not reasonably be expected to result in a liability to the Credit Parties taken as a whole, in an amount greater than $500,000 during the term of this Agreement.

5.17 FCC Licenses.

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(a) Each Nexstar Entity holds such validly issued FCC licenses and Authorizations as are necessary to operate their respective Stations as they are currently operated (collectively, the "FCC Licenses"), and each such FCC License is in full force and effect (it being recognized that, as indicated on Schedules 5.16 and 5.17(c), certain Stations are operating pursuant to Special Temporary Authority). The Stations of each Credit Party and the FCC Licenses and FCC licenses and Authorizations of each Credit Party as of the Second Amendment Effective Date are listed on Schedule 5.16, and each of such FCC Licenses has the expiration date indicated on Schedule 5.16.

(b) No Nexstar Entity has knowledge of any condition imposed by the FCC as part of any FCC License which is neither set forth on the face thereof as issued by the FCC nor contained in the rules and regulations of the FCC applicable generally to stations of the type, nature, class or location of the Station in question. Except as otherwise set forth on Schedules 5.16 and 5.17(c), each Station has been and is being operated in all material respects in accordance with the terms and conditions of the FCC Licenses applicable to it and the rules and regulations of the FCC and the Communications Act of 1934, as amended (the "Communications Act").

(c) Except as otherwise set forth on Schedule 5.16 and Schedule 5.17(c), no proceedings are pending or are threatened which may result in the revocation, modification, non-renewal or suspension of any of the FCC Licenses, the denial of any pending applications, the issuance of any cease and desist order or the imposition of any fines, forfeitures or other administrative actions by the FCC with respect to any Station or its operation, other than any matters which, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect and proceedings affecting the television broadcasting industry in general.

(d) All reports, applications and other documents required to be filed by the Nexstar Entities with the FCC with respect to the Stations have been timely filed, and all such reports, applications and documents are true, correct and complete in all respects, except where the failure to make such timely filing or any inaccuracy therein could not reasonably be expected to have a Material Adverse Effect, and except as otherwise set forth on Schedules 5.16 and 5.17(c), no Nexstar Entity has knowledge of any matters which could reasonably be expected to result in the suspension or revocation of or the refusal to renew any of the FCC Licenses or the imposition on any Nexstar Entity of any material fines or forfeitures by the FCC, or which could reasonably be expected to result in the revocation, rescission, reversal or modification of any Station's authorization to operate as currently authorized under the Communications Act and the policies, rules and regulations of the FCC.

(e) There are no unsatisfied or otherwise outstanding citations issued by the FCC with respect to any Station or its operations. The Borrower has delivered to the Lenders true and complete copies of all FCC Licenses (including any and all amendments and other modifications thereto) and all pending applications relating thereto.

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(f) Non-U.S. voting interests held, directly or indirectly, by entities other than ABRY L.P. II and ABRY L.P. III are less than 25 percent of the Ultimate Parent's total voting interests and the total equity of the Ultimate Parent held by non-U.S. citizens, directly or indirectly, by entities other than ABRY L.P. II and ABRY L.P. III is less than 10.3 percent of the Ultimate Parent's total equity.

5.18 Subsidiaries. No Nexstar Entity has any Subsidiaries except, on the Second Amendment Effective Date, those Subsidiaries which are identified in Schedule 5.17.

5.19 Solvency. As of the date on which this representation and warranty is made or deemed made, each Nexstar Entity is Solvent on a consolidated and consolidating basis, both before and after giving effect to any transaction with respect to which this representation and warranty is being made and to the incurrence of all Indebtedness, Guarantee Obligations and other obligations incurred on such date in connection herewith and therewith.

5.20 Labor Controversies. There are no labor controversies pending or, to the best knowledge of each Nexstar Entity, threatened against any Nexstar Entity which could reasonably be expected to have a Material Adverse Effect.

5.21 Security Documents.

(a) The Pledge and Security Agreement is effective to create in favor of the Collateral Agent or the Administrative Agent, for the benefit of the Lenders, a legal, valid and enforceable security interest in the Pledged Collateral and the Lien granted pursuant to the Pledge and Security Agreement constitutes a fully perfected first priority Lien on, and security interest in, all right, title and interest of the pledgor or pledgors thereunder in such Pledged Collateral and the proceeds thereof, in each case prior and superior in right to any other Person.

(b) The Security Agreement is effective to create in favor of the Collateral Agent or the Administrative Agent, for the benefit of the Lenders, a legal, valid and enforceable security interest in the Security Agreement Collateral and proceeds thereof and the Lien granted pursuant to the Security Agreement constitutes a fully perfected Lien on, and security interest in, all right, title and interest of the grantor or grantors thereunder in such Collateral and the proceeds thereof, in each case prior and superior in right to any other Person, other than with respect to the rights of Persons pursuant to Permitted Liens.

5.22 Network Affiliation Agreements. Set forth on Schedule 5.21 hereto is a list, as of the Second Amendment Effective Date, of each effective Network Affiliation Agreement and the expiration date therefor.

5.23 Condition of Stations. All of the material properties, equipment and systems of each Nexstar Entity and the Stations are, and all material properties, equipment and systems to be added in connection with any contemplated Station expansion or construction will be, in condition which is sufficient for the operation thereof in accordance with past practice of the Station in question and are and will be in compliance with all applicable standards, rules or requirements imposed by (a) any governmental agency or authority including without limitation the FCC and (b) any FCC License, in each case except where such noncompliance could not reasonably be expected to have a Material Adverse Effect.

5.24 Special Purpose Entities. The Parent Guarantors engage in no business activities (other than as contemplated by this Agreement), and have (a) no significant assets other than debt and equity securities of their respective Subsidiaries or (b) liabilities other than (i) those liabilities permitted under this Agreement and the other Loan Documents to which they are each respectively a party, (ii) the Nexstar Guaranty of Mission Obligations, and (iii) liabilities for the payment of taxes.

5.25 Information Certificate. As of the Second Amendment Effective Date, the information contained in the most recently delivered Information Certificate is true, accurate and complete in all respects, and thereafter the Information Certificate, together with all other such information hereafter furnished by or on behalf of any Nexstar Entity to the Administrative Agent reflecting any changes or additions to the Information Certificate, shall be true, accurate and complete in all respects.

5.26 Maintenance of Insurance. Each Nexstar Entity maintains with financially sound and reputable insurance companies not Affiliates of the Borrower, insurance with respect to its properties and business against loss or damage of the kinds customarily insured against by Persons engaged in the same or similar business, of such types and in such amounts as are customarily carried under similar circumstances by such other Persons.

5.27 Security Documents. The provisions of the Security Documents are effective to create in favor of the Administrative Agent for the benefit of the Secured Parties a legal, valid and enforceable first priority Lien (subject to Permitted Liens) on all right, title and interest of the respective Nexstar Entities in the Collateral described therein. Except for filings completed prior to the Second Amendment Effective Date and as contemplated hereby and by the Security Documents, no filing or other action will be necessary to perfect or protect such Liens.

5.28 Nexstar/Mission Agreements. All Nexstar/Mission Agreements in effect on the Second Amendment Effective Date are listed on Schedule 1.01(A), and full and complete copies thereof have been delivered to the Administrative Agent together with all exhibits, schedules, annexes and other documents related thereto or executed in connection therewith.

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ARTICLE VI.

AFFIRMATIVE COVENANTS

The Borrower and each Parent Guarantor agrees with the Administrative Agent, the Co-Syndication Agents and each Lender that, until all Commitments, Letters of Credit, Mission Commitments and Mission Letters of Credit have terminated and all Obligations and Mission Obligations (other than indemnities for which no request for payment has been made) have been paid and performed in full:

6.01 Financial Statements. The Borrower shall deliver to the Administrative Agent, in form and detail satisfactory to the Administrative Agent and the Majority Lenders, and with sufficient copies for each Lender:

(a) as soon as available, but not later than 90 days after the end of each Fiscal Year,

(i) a copy of the audited consolidated balance sheet of the Ultimate Parent and its consolidated Subsidiaries as at the end of such Fiscal Year and the related consolidated statements of income or operations, shareholders' or members' equity and cash flows for such Fiscal Year, setting forth in comparative form the figures for the previous Fiscal Year, and accompanied by (A) a report and opinion of PricewaterhouseCoopers LLP or another Registered Public Accounting Firm of nationally recognized standing reasonably acceptable to the Majority Lenders, which report and opinion shall be prepared in accordance with generally accepted auditing standards and applicable Securities Laws and shall not be subject to any "going concern" or like qualification or exception or any qualification or exception as to the scope of such audit and (B) an attestation report of PricewaterhouseCoopers LLP or such other Registered Public Accounting Firm as to the Ultimate Parent’s internal controls pursuant to Section 404 of Sarbanes-Oxley showing no Internal Control Event or Events, that, in the aggregate (1) could reasonably be expected to have a Material Adverse Effect, or (2) could reasonably be expected to permit the occurrence of a Material Adverse Effect if left unremedied;

(ii) a copy of the audited consolidated balance sheet of the Borrower and its consolidated Subsidiaries as at the end of such Fiscal Year and the related consolidated statements of income or operations, shareholders' or members' equity and cash flows for such Fiscal Year, setting forth in comparative form the figures for the previous Fiscal Year, and accompanied by a report and opinion of PricewaterhouseCoopers LLP or another Registered Public Accounting Firm of nationally recognized standing reasonably acceptable to the Majority Lenders, which report and opinion shall be prepared in accordance with generally accepted auditing standards and applicable Securities Laws and shall not be subject to any "going concern" or like qualification or exception or any qualification or exception as to the scope of such audit; and

(iii) a copy of the annual budget for the Borrower and its Subsidiaries for the next Fiscal Year in form and detail acceptable to the Administrative Agent.

(b) as soon as available, but not later than 45 days after the end of each of the first three Fiscal Quarters of each Fiscal Year, a copy of the unaudited consolidated balance sheet of the Ultimate Parent and its consolidated Subsidiaries and of the Borrower and its consolidated Subsidiaries as of the end of such Fiscal Quarter and the related consolidated statements of income or operations, shareholders' or members' equity and cash flows for the period commencing on the first day and ending on the last day of such Fiscal Quarter, and certified (in a certificate of the Ultimate Parent or the Borrower, as the case may be, executed on behalf of such Nexstar Entity by a Responsible Officer) as being complete and correct and fairly presenting in all material respects, in accordance with GAAP (except for the absence of footnotes and subject to normal year-end adjustments), the financial position and the results of operations of the Ultimate Parent and its consolidated Subsidiaries and of the Borrower and its consolidated Subsidiaries, respectively; and

(c) as soon as available, but not later than 30 days after the end of each month, a copy of the unaudited consolidated balance sheet of the Ultimate Parent and its consolidated Subsidiaries and the Borrower and its consolidated Subsidiaries as of the end of such month and the related statements of income, shareholders' or members' equity and cash flows for the period commencing on the first day and ending on the last day of such month, and certified (in a certificate of the Ultimate Parent or the Borrower, as the case may be, executed on behalf of such Nexstar Entity by a Responsible Officer) as being complete and correct and fairly presenting in all material respects, in accordance with GAAP (except for the absence of footnotes and subject to normal year-end adjustments), the financial position and the results of operations of the Ultimate Parent and its consolidated Subsidiaries and the Borrower and its consolidated Subsidiaries, respectively.

6.02 Certificates; Other Information. The Borrower shall furnish to the Administrative Agent, with sufficient copies for each Lender:

(a) concurrently with the delivery of the financial statements referred to in Sections 6.01(a) and (b), a Compliance Certificate of the Ultimate Parent and the Borrower;

(b) promptly after the same are sent, copies of all financial statements and reports which any Nexstar Entity sends to its shareholders, partners or members; and promptly after the same are filed, copies of all financial statements and regular, periodical or special reports which any Nexstar Entity may make to, or file with, the SEC, other than filings on Form 11-K and S-8;

(c) promptly, such additional business, financial and other information with respect to the Ultimate Parent, the Borrower or any of their respective Subsidiaries or Credit Parties as the Administrative Agent, at the request of any Lender, may from time to time reasonably request;

(d) promptly after the furnishing thereof, copies of any statement or report furnished to any holder of debt securities of any Nexstar Entity pursuant to the terms of any indenture, loan or credit or similar agreement and not otherwise required to be furnished to the Lenders pursuant to Section 6.01 or any other clause of this Section 6.02;

(e) promptly, and in any event within two Business Days after receipt thereof by any Nexstar Entity, copies of each notice or other correspondence received from the SEC (or comparable agency in any applicable non-U.S. jurisdiction) concerning any investigation or possible investigation or other inquiry by such agency regarding financial or other operational results of any Nexstar Entity; and

(f) promptly upon receipt thereof, notice of any change in, or change regarding, the credit ratings of any Nexstar Entity by Moody's or S & P.

Documents required to be delivered pursuant to Section 6.01(a) or (b) or Section 6.02(b) (to the extent any such documents are included in materials otherwise filed with the SEC) may be delivered electronically and if so delivered, shall be deemed to have been delivered on the date (i) on which the Ultimate Parent or the Borrower posts such documents, or provides a link thereto on the Ultimate Parent's or Borrower's website on the Internet at the website address listed on Schedule 10.02; or (ii) on which such documents are posted on the Ultimate Parent's or Borrower's behalf on an Internet or intranet website, if any, to which each Lender and the Administrative Agent have access (whether a commercial, third-party website or whether sponsored by the Administrative Agent); provided that, the Borrower shall notify the Administrative Agent (by telecopier or electronic mail) of the posting of any such documents and provide to the Administrative Agent by electronic mail electronic versions (i.e., soft copies) of such documents. Notwithstanding anything contained herein, in every instance the Borrower shall be required to provide paper copies of the Compliance Certificates required by Section 6.02(a) to the Administrative Agent. Except for such Compliance Certificates, the Administrative Agent shall have no obligation to request the delivery or to maintain copies of the documents referred to above, and in any event shall have no responsibility to monitor compliance by the Borrower with any such request for delivery, and each Lender shall be solely responsible for requesting delivery to it or maintaining its copies of such documents.

The Borrower hereby acknowledges that (a) the Administrative Agent and/or the Joint Lead Arrangers will make available to the Lenders and the L/C Issuer materials and/or information provided by or on behalf of the Ultimate Parent or Borrower hereunder (collectively, "Borrower Materials") by posting the Borrower Materials on IntraLinks or another similar electronic system (the "Platform") and (b) certain of the Lenders may be "public-side" Lenders (i.e., Lenders that do not wish to receive material non-public information with respect to the Borrower or its securities) (each, a "Public Lender"). The Borrower and Ultimate Parent hereby agree that (w) all Borrower Materials that are to be made available to Public Lenders shall be clearly and conspicuously marked "PUBLIC" which, at a minimum, shall mean that the word "PUBLIC" shall appear prominently on the first page thereof; (x) by marking Borrower Materials "PUBLIC," the Borrower and the Ultimate Parent shall be deemed to have authorized the Administrative Agent, the Joint Lead Arrangers, the L/C Issuer and the Lenders to treat such Borrower Materials as not containing any material non-public information with respect to the Ultimate Parent, the Borrower or their securities for purposes of United States Federal and state securities laws (provided, however, that to the extent such Borrower Materials constitute Information, they shall be treated as set forth in Section 10.07); (y) all Borrower Materials marked "PUBLIC" are permitted to be made available through a portion of the Platform designated "Public Investor;" and (z) the Administrative Agent and the Joint Lead Arrangers shall be entitled to treat any Borrower Materials that are not marked "PUBLIC" as being suitable only for posting on a portion of the Platform not designated "Public Investor." Notwithstanding the foregoing, the Borrower shall be under no obligation to mark any Borrower Materials "PUBLIC."

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6.03 Notices. The Borrower shall, upon any Responsible Officer of any Nexstar Entity obtaining knowledge thereof, give notice (accompanied by a reasonably detailed explanation with respect thereto) to the Administrative Agent, the L/C Issuer and each Lender:

(a) promptly of the occurrence of any Default;

(b) promptly of any matter (i) that has resulted in a Material Adverse Effect or promptly after the assertion or occurrence thereof, notice of any action or proceeding against or of any noncompliance by any Credit Party or any of their Subsidiaries with any Environmental Law (ii) that could (A) reasonably be expected to have a Material Adverse Effect or (B) cause any property described in the Mortgages to be subject to any restrictions on ownership, occupancy, use or transferability under any Environmental Law;

(c) promptly of any litigation, arbitration, or governmental investigation or proceeding not previously disclosed by the Borrower to the Lenders which has been instituted or, to the knowledge of any Nexstar Entity, is threatened against any Credit Party or to which any of their respective properties is subject (i) which could reasonably be expected to have a Material Adverse Effect or (ii) which relates to this Agreement, any other Loan Document or any of the transactions contemplated hereby;

(d) promptly of any development which shall occur in any litigation, arbitration, or governmental investigation or proceeding previously disclosed by any Nexstar Entity to the Lenders regarding any Credit Party which could reasonably be expected to have a Material Adverse Effect;

(e) promptly of any of the following events affecting any Credit Party or any ERISA Affiliate (but in no event more than ten days after such event), together with a copy of any notice with respect to such event that may be required to be filed with a Governmental Authority and any notice delivered by a Governmental Authority to any Nexstar Entity or any ERISA Affiliate with respect to such event:

(i) an ERISA Event; or

(ii) any of the representations and warranties in Section 5.07 ceasing to be true and correct;

(f) promptly of any material change in accounting policies or financial reporting practices by any Nexstar Entity;

(g) (i) promptly notify the Agents and (ii) within 30 Business Days notify the Lenders of the occurrence of any of the following events numbered (1) through (3) below; provided however, to the extent not previously disclosed to the Lenders, the Borrower shall notify the Agents and the Lenders of the occurrence of any of the following events numbered (1) through (3) below not less than two Business Days (or such lesser notice prior to public disclosure as is reasonable under the circumstances) prior to (A) the public announcement thereof by a representative of the Borrower, (B) the filing with the SEC or any other Governmental Authority of any report or communication related thereto or (C) the submission of a Request for Credit Extension:

(1) any Internal Control Event (I) which is required to be publicly disclosed of which a Responsible Officer (other than a Responsible Officer committing the fraud constituting such Internal Control Event) has knowledge, (II) which the Borrower intends to disclose or (III) which has otherwise become known to the public (other than an Internal Control Event concerning allegations of fraud that involve an amount less than $250,000),

(2) any Internal Control Event of which a Responsible Officer (other than a Responsible Officer committing the fraud constituting such Internal Control Event) has knowledge which could reasonably be expected to have a Material Adverse Effect, or

(3) any Internal Control Event of which a Responsible Officer (other than a Responsible Officer committing the fraud constituting such Internal Control Event) has knowledge which includes a fraud allegation that could reasonably be expected to involve an amount in excess of $5,000,000; or

(h) as soon as available, but in any event within 90 days after the end of each Fiscal Year a report supplementing Schedule 5.09, Schedule 6.17(a) and Schedule 6.17(b), including an identification of all owned and leased real property disposed of by any Credit Party or any Subsidiary thereof during such fiscal year, a list and description (including the street address, county or other relevant jurisdiction, state, record owner, and, in the case of leases of property, lessee and expiration date) of all real property acquired or leased during such fiscal year, all towers, transmitters, translators and repeaters, all accounts and such other changes in any Collateral, and a description of such other changes in the information included in such Schedules as may be necessary for such Schedules to be accurate and complete in all material respects as of the end of such Fiscal Year, such report to be signed on the Borrower's behalf by a Responsible Officer of the Borrower and to be in a form reasonably satisfactory to the Administrative Agent.

6.04 FCC Information. As soon as possible and in any event within five days after the receipt by any Nexstar Entity from the FCC or any other Governmental Authority or filing or receipt thereof by any Nexstar Entity, provide to the Lenders (a) any citation, notice of violation or order to show cause issued by the FCC or any Governmental Authority with respect to any Nexstar Entity which is available to any Nexstar Entity, in each case which could reasonably be expected to have a Material Adverse Effect and (b) if applicable, a copy of any notice or application by any Nexstar Entity requesting authority to or notifying the FCC of its intent to cease broadcasting on any broadcast station for any period in excess of ten days.

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6.05 FCC Licenses and Regulatory Compliance. The Parent Guarantors and the Borrower shall, and shall cause each of their respective Subsidiaries to, comply in all material respects with all terms and conditions of all FCC Licenses covering the Stations, all Federal, state and local laws, all rules, regulations and administrative orders of the FCC and all state and local commissions or authorities which are applicable to the Parent Guarantors, the Borrower and/or their respective Subsidiaries or any Credit Party or the operation of the Stations of any Nexstar Entity or other Credit Party.

6.06 License Lapse. As soon as possible and in any event within five days after the receipt thereof by any Nexstar Entity, the Borrower will give the Lenders notice of any lapse, termination or relinquishment of any material License, permit or other Authorization from the FCC or other Governmental Authority held by any Nexstar Entity or any failure of the FCC or other Governmental Authority to renew or extend any such License, permit or other Authorization for the usual period thereof and of any complaint or other matter filed with or communicated to the FCC or other Governmental Authority, of which any Nexstar Entity has knowledge and in any such case which could reasonably be expected to have a Material Adverse Effect.

6.07 Maintenance of Corporate, Limited Liability Company or Partnership Existence, etc. The Parent Guarantors and the Borrower shall, and shall cause each of their respective Subsidiaries to, cause to be done at all times all things necessary to maintain and preserve the corporate, limited liability company or partnership existence, as the case may be, of each Nexstar Entity except to the extent otherwise permitted pursuant to Section 7.04. The Ultimate Parent will continue to own and hold directly all of the outstanding shares of Capital Stock of Nexstar Finance Holdings, and each of the Nexstar Entities other than the Ultimate Parent will continue to own and hold directly all of the outstanding shares of Capital Stock of their respective Subsidiaries, in each case as set forth on Schedule 5.17, except as otherwise permitted pursuant to Section 7.04.

6.08 Foreign Qualification, etc. The Parent Guarantors and the Borrower will, and will cause each of their respective Subsidiaries and each other Nexstar Entity to, cause to be done at all times all things necessary to maintain and preserve the rights and franchises of the Parent Guarantors, the Borrower and their respective Subsidiaries or other Nexstar Entity to be duly qualified to do business and be in good standing as a foreign corporation in each jurisdiction where the nature of its business makes such qualification necessary and where the failure to maintain and preserve or so qualify could reasonably be expected to have a Material Adverse Effect.

6.09 Payment of Taxes, etc. The Parent Guarantors and the Borrower will, and will cause each of their respective Subsidiaries and other Nexstar Entities to, pay and discharge, as the same may become due and payable, all federal and material state and local taxes, assessments, and other governmental charges or levies against or on any of the income, profits or property of a Nexstar Entity, as well as material claims of any kind which, if unpaid, might become a Lien upon a Nexstar Entity's properties, and will pay (before they become delinquent) all other material obligations and liabilities; provided, however, that the foregoing shall not require the Parent Guarantors, the Borrower or any of their respective Subsidiaries or other Nexstar Entity to pay or discharge any such tax, assessment, charge, levy, Lien, obligation or liability so long as such Nexstar Entity shall contest the validity thereof in good faith by appropriate proceedings and shall set aside on its books adequate reserves in accordance with GAAP.

6.10 Maintenance of Property; Insurance. The Parent Guarantors and the Borrower will, and will cause each of their respective Subsidiaries and other Nexstar Entities to, keep all of the material property and facilities that are useful and necessary in the business of the Nexstar Entities and Mission Entities in such condition as is sufficient for the operation of such business in the ordinary course and will maintain, and cause each of their respective Subsidiaries and Nexstar Entities to maintain, such insurance as may be required by law and such other insurance, to such extent and against such hazards and liabilities, as is customarily maintained by companies similarly situated to the Nexstar Entities, and such insurance shall name the Administrative Agent, on behalf of the Lenders and Secured Parties, as an additional insured or loss payee, as the case may be, under all such insurance policies.

6.11 Compliance with Laws, etc. The Parent Guarantors and the Borrower will, and will cause each of their respective Subsidiaries and Nexstar Entities to, comply with the Requirements of Law of any Governmental Authority, the noncompliance with which could reasonably be expected to have a Material Adverse Effect.

6.12 Books and Records.

(a) The Parent Guarantors and the Borrower will, and will cause each of the Nexstar Entities to, keep proper books and records reflecting all of their business affairs and transactions in accordance with GAAP. Each of the Parent Guarantors and the Borrower will, and will cause each of the Nexstar Entities to, permit the Agents and their Related Parties, or, after the occurrence and during the continuance of any Default under Section 8.01, any Lender (or in each case any of their respective representatives or agents), upon reasonable notice and at reasonable times and intervals during ordinary business hours (or at any time if an Event of Default has occurred and is continuing), to visit all of their offices, discuss their financial matters with their officers and, subject to the right of representatives of the Nexstar Entities to be present, independent accountants (and hereby authorizes such independent accountants to discuss their financial matters with the Agents, their Related Parties, any Lender or its representatives pursuant to the foregoing, such fees and costs of the Borrower's and Nexstar Entities' accountants to be paid by the Borrower) and examine and make abstracts or photocopies from any of their books or other corporate records (such abstracts and copies shall be at the expense of the Borrower);

(b) Notwithstanding the foregoing or anything in this Agreement or in any Loan Document to the contrary, (i) except as provided in subsection (c) below and so long as there exists no Event of Default, the Borrower shall not be required to pay the expenses of any Agent or any of their Related Parties (or any of their respective representatives or agents) for visits in excess of one visit per Fiscal Year, and (ii) after the occurrence of an Event of Default, such costs and expenses incurred by the Administrative Agent, its Related Parties and its representatives and agents in exercising its rights from time to time as set forth in subsection (a) preceding shall be paid by the Borrower; and

(c) Notwithstanding the foregoing or anything in this Agreement or in any Loan Document to the contrary, subsection (b)(i) preceding and the limitations in subsection (a) preceding shall not apply to the Restructuring Advisor. Each of the Parent Guarantors and the Borrower will, and will cause each of the Nexstar Entities to, permit the Restructuring Advisors at any time upon reasonable notice and at reasonable times and intervals during ordinary business hours (or at any time if an Event of Default has occurred and is continuing), to visit all of their offices, discuss their financial matters with their officers and, subject to the right of representatives of the Nexstar Entities to be present, independent accountants (and hereby authorizes such independent accountants to discuss their financial matters with the Agents, their Related Parties, any Lender or its representatives pursuant to the foregoing) and examine and make abstracts or photocopies from any of their books or other corporate records, all at the expense of the Borrower. The Borrower shall promptly pay all invoiced costs and expenses of any Restructuring Advisor engaged by the Administrative Agent and incurred from time to time (regardless of whether there has occurred an Event of Default).

6.13 Use of Proceeds. The Borrower shall use, or cause its Subsidiaries to use, the proceeds of the Loans after the Second Amendment Effective Date for Capital Expenditures permitted to be made hereunder, working capital and other general corporate requirements of the Borrower and its Subsidiaries.

6.14 End of Fiscal Years; Fiscal Quarters. The Parent Guarantors and the Borrower will, for financial reporting purposes, cause (a) its and each of their respective Subsidiaries' and Nexstar Entities' fiscal years to end on December 31 of each year and (b) its and each of their respective Subsidiaries' and Nexstar Entities' fiscal quarters to end on March 31, June 30, September 30 and December 31 of each year.

6.15 Interest Rate Protection. The Borrower shall maintain such Interest Rate Protection Agreements as are necessary so as to provide, through and including April 1, 2007, that at least 40% of the principal amount of the sum of all Indebtedness for borrowed money of Nexstar Finance Holdings and its Subsidiaries (including the Borrower) plus all outstanding Mission Loans is subject to either a fixed interest rate or interest rate protection.

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6.16 Additional Security; Further Assurances.

(a) The Parent Guarantors and the Borrower will, and will cause each of their respective Subsidiaries and all other Credit Parties to, grant to the Collateral Agent or the Administrative Agent, at the request of the Administrative Agent, for the benefit of the Secured Parties, security interests and mortgages in such assets and properties of the Nexstar Entities and other Credit Parties as are not covered by the Security Documents, and as may be requested from time to time by the Administrative Agent or the Majority Lenders (collectively, the "Additional Security Documents"). All such security interests and mortgages shall be granted pursuant to documentation reasonably satisfactory in form and substance to the Administrative Agent and the Borrower and shall constitute valid and enforceable perfected security interests and mortgages superior to and prior to the rights of all third Persons and shall be subject to no Liens except for Permitted Liens. The Additional Security Documents or instruments related thereto shall be duly recorded or filed in such manner and in such places as are required by law to establish, perfect, preserve and protect the Liens in favor of the Collateral Agent or the Administrative Agent, at the request of the Administrative Agent, required to be granted pursuant to the Additional Security Documents and all taxes, fees and other charges payable in connection therewith shall be paid in full.

(b) The Parent Guarantors and the Borrower will, and will cause each of their respective Subsidiaries and all other Credit Parties to, at the expense of the Borrower, make, execute, endorse, acknowledge, file and/or deliver to the Collateral Agent or the Administrative Agent, at the request of the Administrative Agent, from time to time such vouchers, invoices, schedules, confirmatory assignments, conveyances, financing statements, transfer endorsements, powers of attorney, certificates, real property surveys, reports and other assurances or instruments and take such further steps relating to the collateral covered by any of the Security Documents or any Additional Security Documents as the Collateral Agent or the Administrative Agent, at the request of the Administrative Agent, may reasonably require and as are reasonably satisfactory to the Borrower. Furthermore, the Borrower shall cause to be delivered to the Collateral Agent or the Administrative Agent, at the request of the Administrative Agent, such opinions of counsel, title insurance and other related documents as may be reasonably requested by the Collateral Agent or the Administrative Agent, at the request of the Administrative Agent, to assure itself that this Section 6.16 has been complied with. Notwithstanding anything herein or in any Loan Document to the contrary, such information required to be delivered above shall include (without limitation) the following:

(i) Within 90 days after requested in writing by the Administrative Agent in its sole discretion, engineering, soils, environmental and other reports as to all Real Properties subject to such request, from professional firms acceptable to the Administrative Agent, which report shall identify existing and potential environmental concerns and shall quantify related costs and liabilities, associated with any facilities of any Credit Party or any of its respective Subsidiaries;

(ii) Within 90 days after requested in writing by the Administrative Agent in its sole discretion, estoppel and consent agreements executed by each of the lessors of any Leasehold Real Properties of any of the Credit Parties subject to such request, along with (1) a memorandum of lease in recordable form with respect to such leasehold interest, executed and acknowledged by the owner of the affected real property, as lessor, or (2) evidence that the applicable lease with respect to such leasehold interest or a memorandum thereof has been recorded in all places necessary or desirable, in the Administrative Agent’s reasonable judgment, to give constructive notice to third-party purchasers of such leasehold interest, or (3) if such leasehold interest was acquired or subleased from the holder of a recorded leasehold interest, the applicable assignment or sublease document, executed and acknowledged by such holder, in each case in form sufficient to give such constructive notice upon recordation and otherwise in form satisfactory to the Administrative Agent; provided that in no event shall any Credit Party be required to take any action, other than using its reasonable commercial efforts, to obtain consents, estoppels, memorandums, assignments, etc. from independent unaffiliated third parties with respect to its compliance with this Section; and

(c) The Parent Guarantors and the Borrower will, and will cause each of their respective Subsidiaries and all other Credit Parties to, at the expense of the Borrower, within 90 days after requested in writing by the Administrative Agent in its sole discretion, an appraisal of any one or more of the Real Properties of any Credit Party requested by the Administrative Agent which satisfies the applicable requirements of the Real Estate Appraisal Reform Amendments of the Financial Institution Reform, Recovery and Enforcement Act of 1989, each such appraisal shall be from a Person acceptable to the Administrative Agent and which shall be in form and substance reasonably satisfactory to the Administrative Agent.

(d) If at any time any Parent Guarantor or the Borrower or any other Credit Party creates or acquires any additional Subsidiary, such Parent Guarantor and/or the Borrower, as applicable, will promptly notify the Administrative Agent thereof and cause such Subsidiary, within 30 days thereafter, to execute and deliver appropriate Guaranty Supplements, a Joinder to Security Agreement and a Joinder to Pledge and Security Agreement (provided that nothing in this Section shall be deemed to permit the formation, creation or acquisition of any additional Subsidiary).

(e) The Parent Guarantors and the Borrower agree that each action required above by this Section 6.16 shall be completed as soon as possible, but in no event later than 90 days after such action is either requested to be taken by the Administrative Agent or the Majority Lenders or required to be taken by the applicable Nexstar Entity or Mission Entity pursuant to the terms of this Section 6.16.

(f) The Parent Guarantors and the Borrower agree that, upon the request of the Administrative Agent following the occurrence and during the continuance of a Default, the Borrower shall, at the Borrower’s expense:

(i) promptly upon request therefor but in no event later than 10 days after such request, furnish to the Administrative Agent a description of the real and personal properties of the Credit Parties and their respective Subsidiaries in detail reasonably satisfactory to the Administrative Agent,

(ii) promptly upon request therefor but in no event later than 30 days after such request, duly execute and deliver, and cause each Credit Party (if it has not already done so) to duly execute and deliver, to the Administrative Agent deeds of trust, trust deeds, deeds to secure debt, mortgages, leasehold mortgages, leasehold deeds of trust, security agreement supplements, intellectual property security agreement supplements and other security and pledge agreements, as specified by and in form and substance reasonably satisfactory to the Administrative Agent (including delivery of all Pledged Collateral in and of such Credit Party), and other instruments securing payment of all the Obligations of the Credit Parties under the Loan Documents and Mission Loan Documents and constituting Liens on all such properties,

(iii) promptly upon request therefor but in no event later than 30 days after such request, take, and cause each Credit Party to take, whatever action (including the recording of mortgages, the filing of Uniform Commercial Code financing statements, the giving of notices and the endorsement of notices on title documents) may be necessary or advisable in the reasonable opinion of the Administrative Agent to vest in the Collateral Agent or the Administrative Agent, at the request of the Administrative Agent, (or in any representative of the Administrative Agent designated by it) valid and subsisting Liens on the properties purported to be subject to the deeds of trust, trust deeds, deeds to secure debt, mortgages, leasehold mortgages, leasehold deeds of trust, security agreement supplements, intellectual property security agreement supplements and security and pledge agreements delivered pursuant to this Section 6.16 or otherwise, enforceable against all third parties in accordance with their terms,

(iv) promptly upon request therefor but in no event later than 30 days after such request, deliver to the Administrative Agent, upon the request of the Administrative Agent in its sole discretion, a signed copy of an opinion, addressed to the Administrative Agent and the other Secured Parties, of counsel for each of the Credit Parties as to the matters contained in clauses (ii) and (iii) above, and as to such other matters as the Administrative Agent may reasonably request, in each case acceptable to the Administrative Agent, and

(v) as promptly as practicable after such request, deliver, upon the request of the Administrative Agent in its sole discretion, to the Administrative Agent with respect to each parcel of real property owned or held by the Borrower or any other Credit Party, title reports, surveys and engineering, soils and other reports, and environmental assessment reports, each in scope, form and substance satisfactory to the Administrative Agent, provided, however, that to the extent that any Credit Party or any of its Subsidiaries shall have otherwise received any of the foregoing items with respect to such real property, such items shall, promptly after the receipt thereof, be delivered to the Administrative Agent.

(g) At any time upon request of the Administrative Agent, the Parent Guarantors and the Borrower will, and will cause each of their respective Subsidiaries and all other Credit Parties to, at the expense of the Borrower, promptly execute and deliver any and all further instruments and documents and take all such other action as the Administrative Agent may deem necessary or desirable in obtaining the full benefits of, or (as applicable) in perfecting and preserving the Liens of, such guaranties, deeds of trust, trust deeds, deeds to secure debt, mortgages, leasehold mortgages, leasehold deeds of trust, security agreement supplements, intellectual property security agreement supplements and other security and pledge agreements.

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6.17 Post Second Amendment Effective Date Collateral Requirements. Not later than November 15, 2009 (provided that the Administrative Agent may by its written consent extend such period by up to 30 days so long as the Credit Parties are diligently pursuing compliance with the terms of this Section 6.17 in good faith), the Parent Guarantors and the Borrower will, and will cause each of their respective Subsidiaries and all other Credit Parties to (in each case upon terms and conditions, and pursuant to documentation in each case in form and substance satisfactory to the Administrative Agent, and delivered to the Administrative Agent duly executed by each applicable Credit Party):

(a) Real and Leasehold Property. grant to the Administrative Agent or the Collateral Agent, as applicable and requested, for the benefit of the Secured Parties, valid first priority Liens and security interests (subject to Permitted Liens), deeds of trust, trust deeds, deeds to secure debt, mortgages, leasehold mortgages and leasehold deeds of trust (with such changes as may be reasonably satisfactory to the Administrative Agent and its counsel to account for local law matters) on the properties listed on Schedule 5.09 (except (i) the two properties listed on such schedule asterisked as not to be mortgaged, (ii) Subject Leased Space, and (iii) owned properties with a book value less than $50,000 that are waived in writing by the Administrative Agent in its discretion) (together with the Assignments of Leases and Rents referred to therein and each other mortgage delivered pursuant to any provision of this Agreement, any other Loan Document, any Mission Loan Document or otherwise, in each case as amended, the “New Mortgages”), together with:

(i) evidence that counterparts of the New Mortgages have been duly executed, acknowledged and delivered and are in form suitable for filing or recording in all filing or recording offices that the Administrative Agent may deem necessary or desirable in order to create a valid first priority and subsisting Lien and security interest on the property described therein in favor of the Administrative Agent for the benefit of the Secured Parties and that all filing, documentary, stamp, intangible and recording taxes and fees have been paid;

(ii) to the extent requested by the Administrative Agent in its sole discretion, fully paid 2006 American Land Title Association Lender’s Extended Coverage title insurance policies (the “New Mortgage Policies”), with endorsements and in amounts acceptable to the Administrative Agent, issued, coinsured and reinsured by title insurers acceptable to the Administrative Agent, insuring the New Mortgages to be valid first priority and subsisting Liens and security interests on the property described therein, free and clear of all defects and encumbrances, excepting only Permitted Liens, and providing for such other affirmative insurance (including endorsements for future advances under the Loan Documents, for mechanics’ and materialmen’s Liens and for zoning of the applicable property) and such coinsurance and direct access reinsurance as the Administrative Agent may deem reasonably necessary or desirable;

(iii) to the extent requested by the Administrative Agent, American Land Title Association/American Congress on Surveying and Mapping form surveys, for which all necessary fees (where applicable) have been paid, and dated no more than 30 days before the Second Amendment Effective Date or such earlier date as approved in writing by the Administrative Agent, certified to the Administrative Agent and the issuer of the New Mortgage Policies in a manner satisfactory to the Administrative Agent by a land surveyor duly registered and licensed in the States in which the property described in such surveys is located and acceptable to the Administrative Agent, showing all buildings and other improvements, any off-site improvements, the location of any easements, parking spaces, rights of way, building set-back lines and other dimensional regulations and the absence of encroachments, either by such improvements or on to such property, and other defects, other than Permitted Liens and other defects acceptable to the Administrative Agent;

(iv) flood insurance policies on each such property in an amount equal to the lesser of the maximum amount secured by the applicable Mortgage or the maximum amount of flood insurance available under the Flood Disaster Protection Act of 1973, as amended, and otherwise in compliance with the requirements of the Loan Documents, or evidence satisfactory to the Administrative Agent that none of the improvements located on such land is located in a flood hazard area;

(v) with respect to each such property, evidence satisfactory to the Administrative Agent (i) that all taxes, standby fees and any other similar charges have been paid and (ii) that the land is a separate tax lot or lots with separate assessment or assessments of the land and the improvements thereon, independent of any other land or improvements and that the land is a separate legally subdivided parcel, provided, however, that receipt of relevant title policy endorsements acceptable to the Administrative Agent for the New Mortgage Policies shall deemed to satisfy clause (ii) of this subsection (v);

(vi) evidence that all other action that the Administrative Agent may reasonably deem necessary or desirable in order to create valid first priority and subsisting Liens and security interests on the property described in the New Mortgages has been taken;

(vii) such certificates of resolutions or other action, incumbency certificates and/or other certificates of Responsible Officers of each Credit Party on behalf of such Credit Party as the Administrative Agent may reasonably require evidencing the identity, authority and capacity of each Responsible Officer thereof authorized to act as a Responsible Officer in connection with the requirements of this Section 6.17 and the other Loan Documents to which such Credit Party is a party or is to be a party;

(viii) such documents and certifications as the Administrative Agent may reasonably require to evidence that each Credit Party granting Liens and security interests in connection with this Section 6.17 or otherwise is duly organized or formed, and that the Borrower is validly existing, in good standing and qualified to engage in business in each jurisdiction in which it is operating and that each other Credit Party is validly existing, in good standing and qualified to engage in business in each jurisdiction where its ownership, lease or operation of properties or the conduct of its business requires such qualification, except to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect;

(ix) if requested by the Administrative Agent as to one or more of such properties, a subordination, non-disturbance and attornment agreement and a tenant estoppel certificate executed by each of the lessees of such property, in each case in form and substance acceptable to the Administrative Agent (the Borrower shall use its reasonable efforts to obtain such agreements and certificates, but the Borrower's failure to obtain such agreements and certificates from unaffiliated independent third parties after using its reasonable efforts shall not constitute an Event of Default);

(x) unless waived by the Administrative Agent in writing, as to each of such leased properties, a landlord's subordination agreement executed by each of the lessors of such property, in each case in form and substance reasonably acceptable to the Administrative Agent (the Borrower shall use its reasonable efforts to obtain such agreements, but the Borrower's failure to obtain such agreements from unaffiliated independent third parties after using its reasonable efforts shall not constitute an Event of Default),

(xi) an opinion of Kirkland & Ellis LLP, counsel to the Credit Parties, or other counsel reasonably acceptable to the Administrative Agent, addressed to the Administrative Agent and each Lender, as to the authorization and execution of the Credit Parties and the New Mortgages, as applicable, and such other matters concerning the Credit Parties and the Loan Documents as the Administrative Agent or the Majority Lenders may reasonably request;

(xii) an opinion of local counsel to the Credit Parties in each State in which property subject to a New Mortgage is located, addressed to the Administrative Agent and each Lender, as to the enforceability of the New Mortgages and such other matters concerning the Credit Parties and the Loan Documents as the Administrative Agent or the Majority Lenders may reasonably request; and

(xiii) a certificate of a Responsible Officer of each Credit Party either (A) attaching copies of all consents, licenses and approvals required in connection with the consummation by such Credit Party of the execution, delivery, granting and/or performance of the New Mortgages and the execution, delivery and performance by such Credit Party and the validity against such Credit Party of the Loan Documents to which it is a party, and such consents, licenses and approvals shall be in full force and effect, including, without limitation, consents of landlords with respect to leasehold mortgages; provided, that, notwithstanding the foregoing, the Borrower shall not have to obtain such consents for the Subject Leased Space or (B) stating that no such consents, licenses or approvals are so required;

(b) Vehicles and Rolling Stock. grant to the Collateral Agent or the Administrative Agent, at the request of the Administrative Agent, for the benefit of the Secured Parties, valid first priority Liens and security interests (subject to Permitted Liens) on each vehicle and rolling stock of each of the Credit Parties which meets one or more of the following qualifications: (1) had an original cost of $30,000 or more per vehicle or rolling stock and has a net book value as of the Second Amendment Effective Date of $15,000 or more, or (2) is a broadcast or remote production vehicle or (3) is in any other manner material to the operations of any Credit Party, together with:

(i) an opinion of Kirkland & Ellis LLP, counsel to the Credit Parties, or other counsel reasonably acceptable to the Administrative Agent, addressed to the Administrative Agent and each Lender, as to the Credit Parties and the Liens and security interests on such vehicles and rolling stock, and such other matters concerning the Credit Parties and the Loan Documents as the Administrative Agent or the Majority Lenders may reasonably request; and

(ii) evidence that all other action that the Administrative Agent may deem necessary or desirable in order to create valid first priority and subsisting Liens and security interests on such vehicles and rolling stock has been taken;

(c) Patent, Copyrights, Trademarks. grant to the Collateral Agent or the Administrative Agent, at the request of the Administrative Agent, for the benefit of the Secured Parties, a valid first priority Liens and security interests (subject to Permitted Liens) on all patent, copyright, patent application, copyright application, trademarks and service marks owned by any Credit Party, including without limitation, logos, designs, trade names, company names, business names, fictitious business names and other business identifiers, together with:

(i) an opinion of Kirkland & Ellis LLP, counsel to the Credit Parties, or other counsel reasonably acceptable to the Administrative Agent, addressed to the Administrative Agent and each Lender, as to the Credit Parties and the Liens and security interests on such intellectual property interests, and such other matters concerning the Credit Parties and the Loan Documents as the Administrative Agent or the Majority Lenders may reasonably request; and

(ii) evidence that all other action that the Administrative Agent may deem reasonably necessary or desirable in order to create valid first priority and subsisting Liens and security interests on such intellectual property interests has been taken;

(d) Towers and Transmitters. grant to the Collateral Agent or the Administrative Agent, at the request of the Administrative Agent, for the benefit of the Secured Parties, valid first priority Liens and security interests (subject to Permitted Liens) on all repeaters, towers, transmitters and translators listed on Schedule 6.17(a), together with:

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(i) an opinion of Kirkland & Ellis LLP, counsel to the Credit Parties, or other counsel reasonably acceptable to the Administrative Agent, addressed to the Administrative Agent and each Lender, as to the Credit Parties and the Liens and security interests on such repeaters, towers, transmitters and translators, and such other matters concerning the Credit Parties and the Loan Documents as the Administrative Agent or the Majority Lenders may reasonably request; and

(e) Deposit Accounts, Commodity Accounts and Securities Accounts. grant to the Collateral Agent or the Administrative Agent, at the request of the Administrative Agent, for the benefit of the Secured Parties, valid first priority Liens and security interests (subject to Permitted Liens) on all deposit accounts, commodity accounts and securities accounts of each Credit Party, except those account listed on Schedule 6.17(b), together with:

(i) a favorable opinion of Kirkland & Ellis LLP, counsel to the Credit Parties, or other counsel reasonably acceptable to the Administrative Agent, addressed to the Administrative Agent and each Lender, as to the Credit Parties and the Liens and security interests on such accounts, and such other matters concerning the Credit Parties and the Loan Documents as the Administrative Agent or the Majority Lenders may reasonably request; and

(f) Evidence of Insurance. certificates of insurance, naming the Administrative Agent, for the benefit of the Secured Parties, as an additional insured or loss payee, as the case may be, under all insurance policies maintained and required to be maintained with respect to the assets and properties of the Credit Parties that constitute Collateral.

Notwithstanding anything else to the contrary in this Agreement or in any Loan Document, this Section 6.17 is intended to address a specific Collateral request by the Administrative Agent, and in each case shall be in addition to those obligations and requirements of the Borrower and the Credit Parties elsewhere in this Agreement and the Loan Documents, including but not limited to, those obligations and requirements in Section 6.16 (it being agreed among the Borrower, the other Credit Parties, the Administrative Agent and the Lenders that this Section 6.17 shall specifically NOT limit those obligations of the Borrower and the other Credit Parties under Section 6.16 and the other provisions of this Agreement and the other Loan Documents).

6.18 Lien Searches.

(a) The Parent Guarantors and the Borrower will, promptly after delivery of the items required by Section 6.17 hereof but not later than December 31, 2009, deliver to the Administrative Agent UCC searches (and copies of filings contained therein), other Lien searches (and copies of filings contained therein) and other information demonstrating compliance by each Credit Party with the terms and conditions of Sections 6.17(b), (c), (d) and (e) and the other terms of this Agreement and the Loan Documents, to the extent that compliance with the terms and conditions of such provision can be demonstrated through UCC searches, other Lien searches or the particular information requested.

(b) The Parent Guarantors and the Borrower will, promptly following receipt of the acknowledgment copy of any financing statement filed under the Uniform Commercial Code in any jurisdiction by or on behalf of the Secured Parties in connection with any Credit Party, deliver to the Administrative Agent a completed request for information listing such financing statement and all other effective financing statements filed in such jurisdiction that name any Credit Party as debtor, together with copies of such other financing statements.

6.19 Designation as Senior Debt. The Parent Guarantors and the Borrower will, and will cause each of their respective Subsidiaries and all other Nexstar Entities to, designate all Obligations as “Designated Senior Indebtedness” under, and defined in, all Unsecured Notes and any future Senior Second Lien Secured Notes, Subordinated Notes and any other public indebtedness and all supplemental indentures thereto.

6.20 Operating Accounts as Collateral. Commencing November 15, 2009, the Parent Guarantors and the Borrower will, and will cause each of their respective Subsidiaries and all other Nexstar Entities to, maintain all of their deposit accounts, securities accounts and other operational bank accounts of all types of each of the Credit Parties (except those accounts listed on Schedule 6.17(b), but only so long as each of such accounts listed on Schedule 6.17(b) has daily amounts averaging an amount to be agreed upon by the Administrative Agent and the Borrower, which in no event will exceed $25,000 in such account) at Bank of America and subject to a first and prior Lien and security interest in favor of the Administrative Agent for the benefit of the Secured Parties (on terms and conditions and subject to documentation acceptable to the Administrative Agent).

6.21 Compliance with Environmental Laws. The Parent Guarantors and the Borrower will, and will cause each of their respective Subsidiaries and all other Nexstar Entities to, comply, and cause all lessees and other Persons operating or occupying its properties to comply, in all material respects, with all applicable Environmental Laws and environmental permits; obtain and renew all environmental permits necessary for its operations and properties; and conduct any investigation, study, sampling and testing, and undertake any cleanup, removal, remedial or other action necessary to remove and clean up all Hazardous Materials from any of its properties, in accordance with the requirements of all Environmental Laws; provided, however, that neither the Borrower nor any of its Subsidiaries shall be required to undertake any such cleanup, removal, remedial or other action to the extent that its obligation to do so is being contested in good faith and by proper proceedings and appropriate reserves are being maintained with respect to such circumstances in accordance with GAAP.

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6.22 Preparation of Environmental Reports. The Parent Guarantors and the Borrower will, and will cause each of their respective Subsidiaries and all other Nexstar Entities to, at the request of the Administrative Agent from time to time, provide to the Lenders within 60 days after such request, at the expense of the Borrower, an environmental site assessment report for any of its properties described in such request, prepared by an environmental consulting firm acceptable to the Administrative Agent, indicating the presence or absence of Hazardous Materials and the estimated cost of any compliance, removal or remedial action in connection with any Hazardous Materials on such properties; without limiting the generality of the foregoing, if the Administrative Agent determines at any time that a material risk exists that any such report will not be provided within the time referred to above, the Administrative Agent may retain an environmental consulting firm to prepare such report at the expense of the Borrower, and each of the Parent Guarantors and the Borrower hereby grants and agrees to cause any Subsidiary that owns any property described in such request to grant at the time of such request to the Administrative Agent, the Lenders, such firm and any agents or representatives thereof an irrevocable non-exclusive license, subject to the rights of tenants, to enter onto their respective properties to undertake such an assessment.

6.23 Further Assurances. The Parent Guarantors and the Borrower will, and will cause each of their respective Subsidiaries and all other Nexstar Entities to, and shall use their best efforts to cause each Mission Entity to, promptly upon request by the Administrative Agent, or any Lender through the Administrative Agent, (a) correct any material defect or error that may be discovered in any Loan Document or in the execution, acknowledgment, filing or recordation thereof, and (b) do, execute, acknowledge, deliver, record, re-record, file, re-file, register and re-register any and all such further acts, deeds, certificates, assurances and other instruments as the Administrative Agent, or any Lender through the Administrative Agent, may reasonably require from time to time in order to (i) carry out more effectively the purposes of the Loan Documents, (ii) to the fullest extent permitted by Applicable Law, subject any Nexstar Entity’s or any of its Subsidiaries’ properties, assets, rights or interests to the Liens now or hereafter intended to be covered by any of the Security Documents, (iii) perfect and maintain the validity, effectiveness and priority of any of the Security Documents and any of the Liens intended to be created thereunder, (iv) provide to the Administrative Agent with respect to the Collateral from time to time, the types of documents, instruments, policies, opinions, appraisals and information described in Section 6.17 or otherwise as requested by the Administrative Agent and (v) assure, convey, grant, assign, transfer, preserve, protect and confirm more effectively unto the Secured Parties the rights granted or now or hereafter intended to be granted to the Secured Parties under any Loan Document or under any other instrument executed in connection with any Loan Document to which any Nexstar Entity or any of its Subsidiaries is or is to be a party, and cause each of its Subsidiaries to do so. Notwithstanding the foregoing, in the event that any such requirement requires the consent or acknowledgment of an unaffiliated independent third party, the Borrower shall only be required to use its commercially reasonable efforts to obtain such consents or acknowledgments.

6.24 Compliance with Terms of Leaseholds. The Parent Guarantors and the Borrower will, and will cause each of their respective Subsidiaries and all other Nexstar Entities to, make all payments and otherwise perform all obligations in respect of all leases of real property to which the Borrower or any of its Subsidiaries is a party, keep such leases in full force and effect and not allow such leases to lapse or be terminated or any rights to renew such leases to be forfeited or cancelled, notify the Administrative Agent of any default by any party with respect to such leases and cooperate with the Administrative Agent in all respects to cure any such default, and cause each of its Subsidiaries to do so, except, in any case, where the failure to do so, either individually or in the aggregate, could not be reasonably likely to have a Material Adverse Effect.

6.25 Cooperation. The Parent Guarantors and the Borrower shall, and shall cause each of their Subsidiaries to, use reasonable efforts to cooperate with the Restructuring Advisor in all respects with respect to any matters in relation to the Loans, Credit Events and the Loan Documents, provided that (i) such cooperation does not involve undue burden or expense or require the engagement or services of any third parties and (ii) such Restructuring Advisor shall have agreed in writing, for the benefit of the Borrower, to be bound by the provisions of Section 10.07.

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ARTICLE VII.

NEGATIVE COVENANTS

7.01 Changes in Business. The Parent Guarantors and the Borrower will not, and will not cause or permit any of their respective Subsidiaries or Nexstar Entities to, directly or indirectly, alter in a fundamental and substantial manner the character of the Television Broadcasting Business of the Nexstar Entities, taken as a whole, or the Credit Parties, taken as a whole, from that conducted immediately following the Effective Date.

7.02 Limitation on Liens. The Parent Guarantors and the Borrower will not, and will not permit any of their respective Subsidiaries and Nexstar Entities to, create, incur, assume, or suffer to exist any Lien upon any of their respective revenues, property (including fixed assets, inventory, Real Property, intangible rights and Capital Stock) or other assets, whether now owned or hereafter acquired, other than the following ("Permitted Liens"):

(a) Liens in existence on the Second Amendment Effective Date and disclosed on Schedule 7.02;

(b) Liens for taxes, assessments or other governmental charges or levies to the extent that payment thereof shall not at the time be required to be made in accordance with the provisions of Section 6.09;

(c) Liens encumbering property of any such Nexstar Entity consisting of carriers, warehousemen, mechanics, materialmen, repairmen and landlords and other Liens arising by operation of law and incurred in the ordinary course of business for sums which are not overdue or which are being contested in good faith by appropriate proceedings and (if so contested) for which appropriate reserves with respect thereto have been established and maintained on the books of such Nexstar Entity in accordance with GAAP;

(d) Liens encumbering property of any Nexstar Entity incurred in the ordinary course of business in connection with workers' compensation, unemployment insurance, or other forms of governmental insurance or benefits, or to secure performance of bids, tenders, statutory obligations, leases, and contracts (other than for Indebtedness) entered into in the ordinary course of business of such Nexstar Entity;

(e) easements, rights-of-way, reservations, permits, servitudes, zoning and similar restrictions and other similar encumbrances or title defects and Permitted Encumbrances (i) described in the New Mortgage Policies or (ii) which, in the aggregate, are not substantial in amount, and which do not in any case materially detract from the value of the property subject thereto or interfere with the ordinary conduct of the business of any Nexstar Entity;

(f) judgment Liens securing amounts not in excess of (i) $4,000,000 and (x) in existence less than 30 days after the entry thereof, (y) with respect to which execution has been stayed or (z) with respect to which the appropriate insurance carrier has agreed in writing that there is coverage by insurance or (ii) $4,000,000 in the aggregate at any time outstanding for all Credit Parties;

(g) Liens securing documentary letters of credit; provided such Liens attach only to the property or goods to which such letter of credit relates;

(h) purchase money security interests encumbering equipment, furniture, machinery or other assets by the Borrower or its Subsidiaries for normal business purposes, provided that such security interests and Liens hereunder together with security interests and Liens permitted by Section 7.02(a), do not secure amounts in excess of $4,000,000 in the aggregate at any time outstanding for the Credit Parties;

(i) interests in Leaseholds under which a Nexstar Entity is a lessor, provided such Leaseholds are otherwise not prohibited by the terms of this Agreement;

(j) second priority Liens on the assets of the Nexstar Entities securing Senior Second Lien Secured Notes, in each case to the extent such Indebtedness is issued in accordance with Section 7.05(s); and

(k) Liens created by the Security Documents.

7.03 Disposition of Assets. The Parent Guarantors and the Borrower will not, and will not suffer or permit any of their respective Subsidiaries to, directly or indirectly, make any Disposition or enter into any agreement to make any Disposition, except:

(a) any Nexstar Entity may make and agree to make Dispositions to Wholly-Owned Subsidiaries of the Borrower that are Guarantors, or the Borrower after prior written notice to the Administrative Agent describing the Disposition and compliance by the transferee with the applicable terms of the Security Documents;

(b) so long as no Default exists before and after giving pro forma effect thereto, the Borrower or any Subsidiary of the Borrower may agree to and make Dispositions of Stations, assets and properties, including without limitation Real Properties, so long as (i) all proceeds and compensation received for each such Disposition is 100% cash, (ii) 100% of the Net Cash Proceeds are used to prepay the Loans in accordance with the terms of Section 2.06(b) and Section 10.19(b) (except as provided in Section 2.06(b) and Section 10.19(b)), (iii) any television station owned by the Mission Borrower in the same market is sold by the Mission Borrower concurrently with the Disposition of any television station owned by the Borrower (and in accordance with the terms of the Mission Credit Agreement), and (iv) at least 5 Business Days prior to the consummation of any proposed Disposition, or at such later time as agreed to by the Administrative Agent, the Borrower shall have delivered to the Administrative Agent a certificate of the Borrower executed on its behalf by a Responsible Officer of the Borrower, which certificate shall contain (A) financial projections of the Borrower and its Subsidiaries attached to such certificate which have been prepared on a Pro Forma Basis (giving effect to the consummation of such Disposition and any related repayment of Indebtedness) for the period from the proposed date of the consummation of any proposed Disposition to the Maturity Date of the latest to mature of the Loans demonstrating compliance for such period with the covenants set forth in Section 7.09, (B) a certification to the Administrative Agent and the Lenders that all representations and warranties set forth in this Agreement and the other Loan Documents are true and correct as of such date and will be true and correct both before and after giving effect to such Disposition and (C) a certification that no Default exists both before and after giving effect to such Disposition;

(d) Dispositions of cash or Cash Equivalents, unless such cash or Cash Equivalents are in a Cash Collateral Account or otherwise prohibited under this Agreement or the other Loan Documents; and

(e) so long as (i) no Default exists both before and after giving effect thereto, (ii) all proceeds and compensation received for such each such Disposition is 100% cash, (iii) 100% of the Net Cash Proceeds are used to prepay the Loans in accordance with the terms of Section 2.06(b) and Section 10.19(b) (except as provided in Section 2.06(b) and Section 10.19(b)) and (iv) any television station owned by the Mission Borrower in the same market is sold by the Mission Borrower concurrently with such Disposition and in accordance with the terms of the Mission Credit Agreement, Dispositions consisting of Sale and Leaseback Transactions effected on terms and conditions satisfactory to, and with the prior written consent of, the Administrative Agent and the Majority Lenders.

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7.04 Consolidations, Mergers, Acquisitions, etc. The Parent Guarantors and the Borrower will not, and will not suffer or permit any of their respective Subsidiaries to, or any Nexstar Entity to,

(1) wind up, liquidate or dissolve themselves (or enter into any agreement to take any such action), or

(2) make any Acquisition, or enter into any agreement to make any Acquisition, or

(3) convey, sell, transfer, lease or otherwise dispose of all or substantially all of their respective assets, either in one transaction or a series of related transactions, to any other Person or Persons, or

(4) form, create or acquire any new Subsidiary (whether a non Wholly-Owned Subsidiary or Wholly-Owned Subsidiary) or minority equity interest,

or commit to do any of the foregoing, except:

(a) the Parent Guarantors, the Borrower and their respective Subsidiaries may make Dispositions permitted under Section 7.03;

(b) so long as no Default exists both before and after giving effect thereto, the entering into by the Borrower or any of its Wholly-Owned Subsidiaries, after the Effective Date, of any Local Marketing Agreement, Joint Sales Agreement and/or Shared Services Agreement with respect to a television broadcasting station (other than in connection with a Disposition) owned by a third Person that is not an Affiliate of any Credit Party (prior to giving effect to such contemplated agreement); provided that at least 5 Business Days prior to both the entering into commitment to enter into any transactions or series of related transactions and the consummation of any such proposed transaction or series of related transactions, or at such later time as agreed to by the Administrative Agent, the Borrower shall have delivered to the Administrative Agent,

(1) a certificate of the Borrower executed on its behalf by a Responsible Officer of the Borrower, certifying

(x) that the financial projections attached thereto have been prepared on a Pro Forma Basis in good faith after inclusion of the full transaction or series of related transactions and all related borrowings and other transactions in connection therewith for the period from the date of the actual or anticipated, as applicable, consummation of the proposed transaction or series of related transactions to the Maturity Date for the latest to mature of the Loans, and

(y) that no Default exists or is projected to exist both before and after giving effect to the consummation of such transaction or series of related transactions after giving effect to the full transaction or series of related transactions and all related borrowings and other transactions in connection therewith;

(c) any Subsidiary of the Borrower may merge with and into, or be dissolved or liquidated into, the Borrower so long as (i) the Borrower is the surviving Person of any such merger, dissolution or liquidation and (ii) the Borrower complies with the relevant provisions of the Security Documents to which it is a party so that the security interests granted to the Collateral Agent or the Administrative Agent pursuant to such Security Documents in the assets of such merged, dissolved or liquidated Subsidiary so merged shall remain in full force and effect and perfected (to at least the same extent as in effect immediately prior to such merger, dissolution or liquidation);

(d) any Subsidiary of the Borrower may merge with and into, or be dissolved or liquidated into, any Wholly-Owned Subsidiary of the Borrower that is a Guarantor so long as (i) such Wholly-Owned Subsidiary of the Borrower is the surviving corporation of such merger, dissolution or liquidation and (ii) the acquiring Wholly-Owned Subsidiary complies with the relevant provisions of the Security Documents to which it is a party so that the security interests granted to the Collateral Agent or the Administrative Agent pursuant to such Security Documents in the assets of such merged, dissolved or liquidated Subsidiary shall remain in full force and effect and perfected (to at least the same extent as in effect immediately prior to such merger, dissolution or liquidation);

(e) with respect to any Station owned by any Mission Entity, the Borrower may (subject to the FCC's rules and regulations) enter into a Local Marketing Agreement, Joint Sales Agreement and/or Shared Services Agreement with any Mission Entity, provided that (i) such Local Marketing Agreement, Joint Sales Agreement and/or Shared Services Agreement shall specifically permit the assignment to, and first priority Liens and security interests by, the Administrative Agent and/or Collateral Agent for the benefit of the Secured Parties to secure the Obligations, (ii) not less than 5 Business Days prior to the entering into of such agreement, the Borrower shall have delivered to the Administrative Agent a certificate of the Borrower executed on its behalf by a Responsible Officer of the Borrower, which certificate shall contain (A) a summary of the terms of such agreement comparing it to the agreement (if any) that such agreement is replacing, (B) such other information reasonably requested by the Administrative Agent and (C) a certification that no Default exists both before and after giving effect to such agreement; and

(f) Settlement Securities acquired from time to time by any Nexstar Entity in good faith.

7.05 Limitation on Indebtedness. The Parent Guarantors and the Borrower will not, and will not suffer or permit any of their respective Subsidiaries to, create, incur, issue, assume, suffer to exist, or otherwise become or remain directly or indirectly liable with respect to, any Indebtedness, except:

(a) Intentionally Deleted.

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(b) Intentionally Deleted.

(d) Intentionally Deleted.

(e) Intentionally Deleted.

(f) Intentionally Deleted.

(g) Intentionally Deleted.

(h) Intentionally Deleted.

(i) Intentionally Deleted.

(j) Intentionally Deleted.

(k) Intentionally Deleted.

(l) Indebtedness existing on the Second Amendment Effective Date and described on Schedule 7.05(l) without any modifications, amendments, consents, waivers, refinancings, refundings, renewals or extensions thereof; provided that immaterial clarifying amendments correcting errors shall be permitted, so long as in each case no fee is payable in connection therewith;

(m) Indebtedness incurred pursuant to any Loan Document;

(n) Indebtedness of any Nexstar Entity owing to the Borrower or any Wholly-Owned Subsidiary of the Borrower that is a Guarantor, provided that any such Indebtedness (i) is permitted to be advanced by the Borrower or such Wholly-Owned Subsidiary pursuant to the provisions of Section 7.11 and (ii) is not subordinated to any other Indebtedness of the obligor (other than the Obligations);

(o) so long as no Event of Default exists both before and after giving effect to the incurrence thereof, Indebtedness of the Borrower and/or its Subsidiaries secured by Liens permitted by Section 7.02(h), in an aggregate amount outstanding not in excess of $4,000,000 in the aggregate at any time outstanding for the Credit Parties;

(p) so long as no Event of Default exists both before and after giving effect to the incurrence thereof, Interest Rate Protection Agreements required hereunder or in respect of Indebtedness otherwise permitted hereby so long as such agreements are not entered into for speculative purposes and the Borrower is in compliance with Section 6.15 after giving effect thereto;

(q) Capital Lease Obligations and other Indebtedness (other than Indebtedness for borrowed money) of the Borrower and/or its Subsidiaries in an amount not to exceed $2,500,000 in the aggregate for the Borrower and its Subsidiaries at any time outstanding, such maximum amount to be reduced by the aggregate principal amount of Indebtedness of any Mission Entity permitted under Section 7.05(q) of the Mission Credit Agreement outstanding at any time;

(r) (i) Guaranty Obligations of the Nexstar Entities (other than the Borrower) with respect to Senior Second Lien Secured Notes incurred in accordance with the terms of Section 7.05(s) and (ii) subordinated Guaranty Obligations of the Nexstar Entities (other than the Borrower) with respect to Subordinated Notes incurred in accordance with the terms of Section 7.05(s) (subordinated on terms and conditions, and subject to documentation, acceptable to the Administrative Agent in its sole discretion);

(s) so long as (i) no Default exists before and after giving effect to the incurrence thereof, (ii) such Indebtedness is issued by the Borrower for cash only, (iii) 100% of the Net Debt Proceeds of the issuance of such Indebtedness is used to prepay the Loans and Obligations at par in accordance with the terms of Section 2.06 and Section 10.19; (iv) such Indebtedness shall have a final maturity date not earlier than 180 days after the Stated Term B Maturity Date, (v) no voluntary or scheduled repayments, prepayments, redemptions, repurchases or other return of principal, cancellation of principal or like transaction shall be required or made with respect to the principal of such Indebtedness (including, without limitation, any redemption, defeasance, setting aside of funds, or other provision for, or assurance of, payment), (vi) in the case of clause (x) below, the Administrative Agent shall act as the collateral agent on behalf of the Lenders and the Holders of the Senior Second Lien Secured Notes (if any), and (vii) the Administrative Agent shall have received an opinion of Kirkland & Ellis, LLP or other counsel acceptable to the Administrative Agent in its sole discretion, as counsel to the Nexstar Entities, in form and substance acceptable to the Administrative Agent in its sole discretion, regarding the terms and conditions of such Indebtedness not conflicting with the terms or conditions of this Agreement, the other Loan Documents, the Mission Loan Documents, the Unsecured Notes, any other Senior Second Lien Secured Notes or Subordinated Notes, and all other material contracts of the Credit Parties (including, without limitation, with respect to (I) the granting of Liens and security interests on the Collateral to secure such Indebtedness (if any), (II) the priority of such Liens and security interests and (III) the entering into of any Intercreditor Agreement, subordination agreement or any other agreements relating to the priority of such Liens and security interests referred to below, and (viii) the Administrative Agent shall have received an opinion of Kirkland & Ellis, LLP or other counsel reasonably acceptable to the Administrative Agent, as counsel to the Nexstar Entities, in form and substance reasonably acceptable to the Administrative Agent regarding (A) the issuance of such Indebtedness, (B) enforceability of any Intercreditor Agreement, subordination agreement and any other agreement entered into in connection with any such Indebtedness and (C) such other matters as requested by the Administrative Agent,

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(x) the Borrower may incur senior second lien secured notes on terms and conditions, and pursuant to documentation acceptable to the Administrative Agent in its sole discretion (the "Senior Second Lien Secured Notes") provided that, (1) the Holders of the Senior Second Lien Secured Notes and the Administrative Agent on behalf of the Secured Parties shall have entered into an intercreditor agreement regarding the priority of the Liens and security interests in the Collateral, among the Secured Parties and the Holders of the Senior Second Lien Secured Notes, and the attendant rights and obligations in connection therewith, on terms and conditions, and subject to documentation acceptable to the Administrative Agent in its discretion (the "Intercreditor Agreement"), which such Intercreditor Agreement shall address the granting of the second Liens and security interests in the Collateral, among the Secured Parties and the Holders of the Senior Second Lien Secured Notes, and the attendant rights and obligations in connection therewith, on terms and conditions, and subject to documentation acceptable to the Administrative Agent in its discretion and (2) any amendment, waiver, consent or other modification to this Agreement or any other Loan Document necessary in order to effectuate the intent of this Section 7.05(s) and the issuance of the Senior Second Lien Secured Notes may be made by the Administrative Agent in its discretion, and the Majority Revolver Lenders and the Majority Lenders hereby authorize the Administrative Agent to enter into such amendment, consent, waiver or other modification on behalf of the Lenders, provided that, nothing in such amendment, consent, waiver or modification shall effectuate any change which would otherwise require the consent of each of the Lenders or any specific Lender or agent in accordance with the terms hereof; or

(y) the Borrower or the Ultimate Parent may incur unsecured and contractually subordinated Indebtedness on terms and conditions, and pursuant to documentation acceptable to the Administrative Agent in its sole discretion (including, without limitation, the subordination terms and conditions and the documentation related thereto) (the "Subordinated Notes") provided that, (1) cash interest on such Subordinated Notes may not exceed an amount per annum equal to 5% (including in such interest calculation any original issue discount or any other similar pricing arrangement), until such time as the Loans are paid in full and the Aggregate Revolving Commitment has been terminated and all other Obligations have been paid in full, (2) any portion of such Subordinated Notes that is subject to payment in kind may not begin to accrue interest payable in cash prior to the Stated Term B Maturity Date, (3) if requested by the Administrative Agent, the Holders of the Subordinated Notes and the Administrative Agent on behalf of the Secured Parties shall have entered into an intercreditor agreement regarding the subordination of the Subordinated Notes, and the attendant rights and obligations in connection therewith, on terms and conditions, and subject to documentation acceptable to the Administrative Agent in its discretion and (4) any amendment, waiver, consent or other modification to this Agreement or any other Loan Document necessary in order to effectuate the intent of this Section 7.05(s) and the issuance of the Subordinated Notes may be made by the Administrative Agent in its discretion, and the Majority Revolver Lenders and the Majority Lenders hereby authorize the Administrative Agent to enter into such amendment, consent, waiver or other modification on behalf of the Lenders, provided that, nothing in such amendment, consent, waiver or modification shall effectuate any change which would otherwise require the consent of each of the Lenders or any specific Lender or agent in accordance with the terms hereof.

In each case of issuance of Senior Second Lien Secured Notes, and/or Subordinated Notes, prior to the date of the incurrence thereof, the Borrower shall have delivered to the Administrative Agent (1) a certificate of the Borrower executed on its behalf by a Responsible Officer of the Borrower, certifying (x) compliance with each of the financial covenants contained in Section 7.09, based on financial projections of the Borrower and its Subsidiaries attached to such certificate which have been prepared on a Pro Forma Basis for the period from the date of the proposed date of the incurrence of such Senior Second Lien Secured Notes or Subordinated Notes to the Maturity Date of the latest to mature of the Loans and (y) that no Default exists or will exist both before and after giving effect to the incurrence of such Indebtedness, and (2) a Pro Forma Compliance Certificate of the Borrower prepared as of the date of the incurrence of such Indebtedness giving effect to the incurrence of such Indebtedness and the use(s) of the proceeds thereof, and (B) concurrently upon receipt thereof, the Net Debt Proceeds from the issuance of Senior Second Lien Secured Notes and/or Subordinated Notes are used by the Borrower to prepay the Loans and Obligations in accordance with the terms of Section 2.06(f) and Section 10.19(f); and

(t) so long as no Default exists both before and after giving effect thereto, Indebtedness of the Ultimate Parent under the Quorum Contingent Note in an aggregate principal amount not to exceed $7,250,000, without any amendment, consent or waiver with respect thereto.

7.06 Transactions with Affiliates. The Parent Guarantors and the Borrower will not, and will not permit any of their respective Subsidiaries to, enter into, or cause, suffer, or permit to exist:

(a) any arrangement or contract with any of its Affiliates or any Mission Entity of a nature customarily entered into by Persons which are Affiliates of each other (including arrangements relating to the allocation of revenues, taxes, and expenses or otherwise) requiring any payments to be made by any Nexstar Entity to any such Affiliate or Mission Entity unless in each case such arrangement or contract is specifically permitted by this Agreement, is in the ordinary course of such Person's business and is fair and equitable to such Nexstar Entity;

(b) any other transaction, arrangement, or contract with any of its Affiliates or any Mission Entity, unless in each case such transaction, arrangement or contract is on terms which are specifically permitted by this Agreement, is in the ordinary course of such Person's business and is on terms not less favorable than are obtainable from any Person which is not one of its Affiliates; or

except those arrangements, agreements and transactions listed on Schedule 7.06.

7.07 Use of Credits; Compliance with Margin Regulations. The Parent Guarantors and the Borrower will not, and will not suffer or permit any of their respective Subsidiaries to, use any portion of the proceeds of the Loans or any Letter of Credit, directly or indirectly, to purchase or carry Margin Stock other than in compliance with Regulations T, U and X of the Federal Reserve Board. At no time shall the value of the Margin Stock owned by any Nexstar Entity (as determined in accordance with Regulation U of the Federal Reserve Board) exceed 25% of the value (as determined in accordance with Section 221.2(g)(2) of Regulation U of the Federal Reserve Board) of the assets of such Nexstar Entity.

7.08 Environmental Liabilities. The Parent Guarantors and the Borrower will not and will not permit any of their respective Subsidiaries or any of the Nexstar Entities to violate any Environmental Law to an extent sufficient to give rise to a Material Adverse Effect; and, without limiting the foregoing, the Parent Guarantors and the Borrower will not, and will not permit any of their respective Subsidiaries or any other Nexstar Entity or Person to, dispose of any Hazardous Material into or onto, or (except in accordance with Applicable Law) from, any Real Property owned, operated or otherwise used by any Nexstar Entity or any other Credit Party, or allow any Lien imposed pursuant to any Environmental Law to be imposed or to remain on such Real Property, in each case to the extent the same are reasonably likely to have a Material Adverse Effect, except as contested in reasonable good faith by appropriate proceedings and the pendency of such proceedings will not have a Material Adverse Effect and except and unless adequate reserves have been established and are being maintained on its books in accordance with GAAP.

7.09 Financial Covenants.

(a) Consolidated Total Leverage Ratio. The Consolidated Total Leverage Ratio shall not at any time during any period set forth below exceed the ratio set forth opposite such period below:

Period		Ratio
July 1, 2009 through and including September 30, 2009		6.75 to 1.00
October 1, 2009 through and including December 31, 2009		8.75 to 1.00
January 1, 2010 through and including March 31, 2010		9.50 to 1.00
April 1, 2010 through and including June 30, 2010		10.25 to 1.00
July 1, 2010 through and including September 30, 2010		9.25 to 1.00
October 1, 2010 through and including March 31, 2011		7.75 to 1.00
April 1, 2011 and thereafter		6.00 to 1.00

(b) Consolidated Senior Leverage Ratio. The Consolidated Senior Leverage Ratio shall not at any time during any period set forth below exceed the ratio set forth opposite such period below:

Period		Ratio
July 1, 2009 through and including September 30, 2009		5.50 to 1.00
October 1, 2009 through and including December 31, 2009		7.00 to 1.00
January 1, 2010 through and including March 31, 2010		7.00 to 1.00
April 1, 2010 through and including June 30, 2010		7.50 to 1.00
July 1, 2010 through and including September 30, 2010		6.75 to 1.00
October 1, 2010 through and including March 31, 2011		5.50 to 1.00
April 1, 2011 and thereafter		4.00 to 1.00

(c) Consolidated Interest Coverage Ratio. The Consolidated Interest Coverage Ratio shall not at any time during any period set forth below be less than the ratio set forth opposite such period below:

Period		Ratio
July 1, 2009 through and including June 30, 2010		1.75 to 1.00
July 1, 2010 and thereafter		2.00 to 1.00

(d) Consolidated Fixed Charge Coverage Ratio. The Consolidated Fixed Charge Coverage Ratio shall not at any time be less than 1.15 to 1.00.

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7.10 Restricted Payments. The Parent Guarantors and the Borrower shall not, and shall not permit any of their respective Subsidiaries to, make any Restricted Payment, except:

(a) so long as no Default exists both before and after giving effect to such repurchases, the Ultimate Parent may repurchase equity interests in the Ultimate Parent from former employees of the Nexstar Entities in an aggregate amount for all such repurchases pursuant to this Section 7.10(a) combined not to exceed $250,000 during any Fiscal Year, and the Subsidiaries of the Ultimate Parent may authorize, declare and/or pay Dividends to their respective shareholders, partners or members in the amount necessary to provide the funds necessary to permit the Ultimate Parent to make such repurchases;

(b) the Subsidiaries of the Borrower may make Restricted Payments to the Borrower or any Wholly-Owned Subsidiary of the Borrower;

(c) so long as no Default exists both before and after the making thereof, (i) the Borrower may authorize, declare and pay Dividends to Nexstar Finance Holdings in the amount necessary to permit Nexstar Finance Holdings to make payments of scheduled cash interest which becomes due and payable with respect to the 11.375% Senior Discount Notes issued by Nexstar Finance Holdings on March 27, 2003 and due 2013 and (ii) Nexstar Finance Holdings may make such scheduled cash interest payments if, prior to the making of such payments of cash interest by Nexstar Finance Holdings, the Borrower shall have delivered to the Administrative Agent a Pro Forma Compliance Certificate of the Borrower prepared as of the date of the making of each such Dividend of the Borrower, giving effect to each such Dividend of the Borrower and the related payments of cash interest to be made by Nexstar Finance Holdings as though each such Dividend of the Borrower and the related payments of cash interest to be made by Nexstar Finance Holdings had been made on the first day of the applicable Measurement Period relating to the date each such Dividend by the Borrower is to be made, and otherwise demonstrating that no Default exists both before and after giving effect to each such Dividend and related payments of cash interest;

(d) so long as no Default exists both before and after the making thereof, the Borrower may make Restricted Payments constituting scheduled cash interest due and payable with respect to any (i) Senior Second Lien Secured Notes, (ii) Subordinated Notes, (iii) 7% Senior Subordinated PIK Notes due 2014, issued by Nexstar Broadcasting, Inc., (iv) 7% Senior Subordinated Notes due 2014, issued by Nexstar Broadcasting, Inc. and (v) Senior Subordinated PIK Notes due 2014, issued by Nexstar Broadcasting, Inc., so long as in each case prior to the making of such payments of cash interest, the Borrower has delivered to the Administrative Agent a Pro Forma Compliance Certificate of the Borrower prepared as of the date of making of each such payment of cash interest, giving effect to each such payment as though such payment had been made on the first day of the applicable Measurement Period relating to the date such payment is to be made, and otherwise demonstrating that no Default exists both before and after giving effect to such payment of cash interest; and

(e) so long as no Default exists both before and after the making thereof, the Borrower may make Restricted Payments constituting the repurchase of any of the Unsecured Notes in accordance with the terms of Section 7.16(b) and Section 7.16(c).

7.11 Advances, Investments and Loans. The Parent Guarantors and the Borrower will not, and will not permit their respective Subsidiaries to, lend money or credit or make advances to any Person, or purchase or acquire any Capital Stock, obligations or securities of, or any other interest in, or make any capital or other equity contribution to, any Person (including, without limitation, the Mission Borrower), or purchase or own a futures contract or otherwise become liable for the purchase or sale of currency or other commodities at a future date in the nature of a futures contract, or hold any cash or Cash Equivalents, except:

(a) the Nexstar Entities may invest in cash and Cash Equivalents;

(b) the Borrower may enter into Interest Rate Protection Agreements in compliance with Section 7.05(p);

(c) advances, loans and investments in existence on the Second Amendment Effective Date and listed on Schedule 7.11 shall be permitted, without giving effect to any additions thereto or replacements thereof (except those additions or replacements which are existing obligations as of the Second Amendment Effective Date);

(d) the Nexstar Entities may make loans and advances to their respective employees in an aggregate principal amount for all Nexstar Entities not to exceed $250,000, provided that such loans and advances are made (i) for anticipated business out-of-pocket expenses or (ii) for loans to non-executive employees;

(e) the Borrower may make intercompany loans and advances to any Wholly-Owned Subsidiary of the Borrower which is a Nexstar Entity and Guarantor; and

(f) the Borrower may acquire Settlement Securities in good faith.

7.12 Limitation on Business Activities of the Nexstar Entities.

(a) The Parent Guarantors shall not engage in any business activities other than the ownership of Capital Stock of other Parent Guarantors or the Borrower and shall have no (i) significant assets other than such Capital Stock, (ii) liabilities other than the Indebtedness permitted to be incurred by them pursuant to Section 7.05 (including by waiver or consent) and (iii) liabilities for the payment of taxes.

(b) The Borrower and its Subsidiaries shall not engage in any business other than the Television Broadcasting Business.

7.13 Sales or Issuances of Capital Stock. The Parent Guarantors and the Borrower will not, and will not permit any of their respective Subsidiaries or any Nexstar Entity to, sell or issue any of their Capital Stock to any Person; provided that so long as there exists no Default before and after giving effect to any such issuance and the Borrower gives the Administrative Agent not less than 10 days notice of such issuance (or such lesser notice as agreed to by the Administrative Agent), the Ultimate Parent may sell or issue (a) preferred Capital Stock that is in each case (i) convertible into common stock only, (ii) not Disqualified Stock, (iii) not entitled to any cash payment of any kind under any circumstances prior to the payment in full of the Obligations and the Mission Obligations and termination of the Commitments and Mission Commitments and (iv) not treated for accounting purposes under any circumstances as a liability or Indebtedness ("Preferred Capital Stock"); such Preferred Capital Stock to be on other terms and conditions, and subject to documentation, in each case acceptable to the Administrative Agent, or (b) common Capital Stock (excluding Disqualified Stock), in each case so long as all Net Issuance Proceeds are immediately contributed to the Borrower as cash common equity on terms and conditions acceptable to the Administrative Agent and are immediately applied by the Borrower as a mandatory prepayment as required by Section 2.06(e) and Section 10.19(e) (subject to the use of up to 50% of such Net Issuance Proceeds for a debt repurchase of Unsecured Notes in accordance with the terms of Section 10.19(e), Section 7.16(b) and the other provisions of this Agreement and the other Loan Documents).

7.14 No Waivers, Amendments or Restrictive Agreements; Charter Documents. The Parent Guarantors and the Borrower will not, and will not permit any of their respective Subsidiaries to, (i) permit any waiver, supplement, modification or amendment of the documentation relating to the Unsecured Notes, the Senior Second Lien Secured Notes, the Subordinated Notes and any other Indebtedness of any Credit Party having a principal balance (or a Guaranty Obligation with respect to such Indebtedness) of more than $500,000, or any indenture or other agreement evidencing, creating or governing any of the foregoing Indebtedness, in each case other than any such amendment, modification or change which is specifically permitted in this Agreement or an immaterial clarifying amendment correcting an error and so long as, in each case, no consent fee is payable in connection therewith, (ii) enter into any new Charter Document or modify any of their respective Charter Documents, to the extent that any such modification of such Charter Documents would be adverse to the Lenders in any material respect or (iii) enter into any Contractual Obligation which would prohibit or restrict the Subsidiaries of the Borrower or Parent Guarantors from making Dividends or Restricted Payments to the Borrower, or from granting Liens or security interests on assets and properties as Collateral for the Obligations.

7.15 Prepayments, Etc. of Indebtedness. The Parent Guarantors and the Borrower will not, and will not permit any of their respective Subsidiaries to, prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity thereof in any manner, or make any payment in violation of any subordination terms of, any Indebtedness, except (a) the prepayment at par of the Obligations in accordance with the terms of this Agreement and (b) as permitted in accordance with the terms of Section 7.16.

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7.16 Debt Repurchases. The Borrower and the Parent Guarantor shall not, and shall not permit any Subsidiary, Credit Party or any Affiliate to, repurchase, buy, redeem, prepay, defease, receive an assignment of, issue any notice of redemption or defeasance with respect to, or otherwise cause the cancellation, forgiveness or purchase (including, without limitation, any setting aside of funds, or other provision for, or assurance of, payment), or enter into any other transaction which accomplishes a like result, of any of its Indebtedness including the Loans, Obligations and the Mission Loans and Mission Obligations, provided that, notwithstanding the preceding:

(a) (i) the Borrower may prepay the Loans hereunder at par in accordance with the terms of Sections 2.05, 2.06 and 10.19 of this Agreement (subject to Section 8.01(n)) and (ii) Mission Borrower can prepay its Loans in accordance with the terms of the Mission Credit Agreement,

(b) so long as (i) there exists no Default before or after giving effect to (A) the issuance of common Capital Stock of the Ultimate Parent, and (B) such transaction, (ii) the Borrower delivers written notice thereof to the Administrative Agent in detail acceptable to the Administrative Agent not less than 30 days prior to such transaction (or such lesser time period as agreed to by the Administrative Agent), (iii) the Borrower is in full compliance with Section 2.06(e) and Section 10.19(e) and (v) the Borrower delivers to the Administrative Agent a certificate of a Responsible Officer certifying as to each of the foregoing (i) through (iii) in detail acceptable to the Administrative Agent and demonstrating pro forma compliance with all provisions of Section 7.09 after giving effect to all such transactions, the Borrower may use up to 50% of the Net Issuance Proceeds of the issuance of such Capital Stock permitted to be issued by Section 7.13, to extinguish all or any portion of the Unsecured Notes,

(c) so long as (i) there exists no Default before or after giving effect to such transaction, (ii) the Borrower delivers written notice thereof to the Administrative Agent in detail acceptable to the Administrative Agent not less than 30 days prior to such transaction (or such lesser time period as agreed to by the Administrative Agent), (iii) Liquidity after giving effect to any such use is not less than $20,000,000 on such date, (iv) the Borrower is in full compliance with Section 2.06(d) and Section 10.19(d) and (v) the Borrower delivers to the Administrative Agent a certificate of a Responsible Officer certifying as to each of the foregoing (i) through (iv) in detail acceptable to the Administrative Agent and demonstrating pro forma compliance with all provisions of Section 7.09 after giving effect to all such transactions, the Borrower may, commencing with the Excess Cash Flow for the Fiscal Quarter ending December 31, 2009, use up to 20% of the quarterly Excess Cash Flow of the Borrower for each Fiscal Quarter of the Borrower to extinguish all or any portion of the Unsecured Notes, provided that, notwithstanding the foregoing, in no event shall the aggregate amount of Excess Cash Flow of the Borrower used under this subsection (d) to repurchase and extinguish all or any portion of the Unsecured Notes from and after the Second Amendment Effective Date exceed $10,000,000, and

(d) so long as there exists no Default before or after giving effect to such transaction, any Affiliate that is not a Credit Party may purchase all or any portion of the Unsecured Notes and the Subordinated Notes.

7.17 Nexstar and Mission. The Borrower and the Parent Guarantors shall not, and shall not permit any Subsidiary, Credit Party or any Affiliate to, (a) modify, change, consent to, waive any provision with respect to, or otherwise not comply with or effectuate any change to, any written agreement between or among the Borrower and the Mission Borrower, or any Nexstar Entity and any Mission Entity, including, without limitation, the Nexstar/Mission Agreements, except any immaterial clarifying amendment correcting an error and so long as, in each case, no consent fee is payable in connection therewith, (b) allow any Nexstar/Mission Agreement to lapse, expire or terminate, or otherwise not be in full force and effect against any party thereto, except to the extent any television station owned by the Mission Borrower is sold in accordance with the terms of the Mission Credit Agreement and the other Mission Loan Documents, or (c) permit, allow or suffer to exist any Nexstar/Mission Agreement then in effect not being subject to a Lien and security interest of the Administrative Agent on behalf of the Secured Parties to secure the Obligations.

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ARTICLE VIII.

EVENTS OF DEFAULT

8.01 Event of Default. Any of the following shall constitute an "Event of Default":

(a) Non-Payment. The Borrower fails to pay, (i) when and as required to be paid herein, any amount of principal of any Loan or any amount of any L/C Obligation, or (ii) within five days after the same shall become due and payable, any interest, fee or any other amount payable hereunder; or

(b) Representation or Warranty. Any representation, warranty, certification or statement of fact made or deemed made by or on behalf of the Borrower or any other Credit Party herein, in any other Loan Document, or in any document delivered in connection herewith or therewith shall be incorrect or misleading in any material respect when made or deemed made; or

(c) Specific Defaults. Any Borrower or any Parent Guarantor fails to perform or observe any term, covenant or agreement contained in Sections 6.03(a), 6.05, 6.06, 6.07, 6.13, 6.14, 6.20 or Article VII; or

(d) Other Defaults. Any Credit Party fails to perform or observe any other term or covenant contained in this Agreement or any other Loan Document, and such default shall continue unremedied for a period of 30 days after the earlier of (i) knowledge of a Responsible Officer of such failure to perform or observe and (ii) the date upon which written notice thereof is given to the Borrower by the Administrative Agent or any Lender; or

(e) Cross-Default. Any Credit Party (i) fails to make any payment or dividend, as applicable, including, without limitation in respect of any Unsecured Note, Senior Second Lien Secured Note or Subordinated Note, or any other Indebtedness having an aggregate principal amount of $3,500,000 or more when due, (whether by scheduled maturity, required prepayment, required redemption or repurchase, acceleration, demand, or otherwise) and such failure continues after the applicable grace or notice period, if any, specified in the document relating thereto on the date of such failure; or (ii) fails to perform or observe any other condition or covenant, or any other event shall occur or condition exist, under any agreement or instrument relating to any Unsecured Note, Senior Second Lien Secured Note or Subordinated Note, or any other such Indebtedness, and such failure continues after the applicable grace or notice period, if any, specified in the document relating thereto on the date of such failure if the effect of such failure, event or condition is to cause, or to permit the holder or holders of such Indebtedness or beneficiary or beneficiaries of such Indebtedness (or a trustee or agent on behalf of such holder or holders or beneficiary or beneficiaries) to cause, such Indebtedness to be declared to be redeemed, repurchased or due and payable prior to its stated maturity; or an Event of Default (as defined in the Mission Credit Agreement) shall occur and be continuing under the Mission Credit Agreement; or

(f) Insolvency; Voluntary Proceedings. Any Credit Party (i) commences any Insolvency Proceeding with respect to itself; or (ii) takes any action to effectuate or authorize any of the foregoing; or

(g) Involuntary Proceedings. (i) Any involuntary Insolvency Proceeding is commenced or filed against any Credit Party or any writ, judgment, warrant of attachment, execution or similar process, is issued or levied against a substantial part of any Credit Party's properties, and any such proceeding or petition shall not be dismissed, or such writ, judgment, warrant of attachment, execution or similar process shall not be released, vacated or fully bonded, within 60 days after commencement, filing or levy; (ii) any Credit Party admits the material allegations of a petition against it in any Insolvency Proceeding, or an order for relief (or similar order under non-U.S. law) is ordered in any Insolvency Proceeding; or (iii) any Credit Party acquiesces in the appointment of a receiver, trustee, custodian, conservator, liquidator, mortgagee in possession (or agent therefor), or other similar Person for itself or a substantial portion of its property or business; or

(h) ERISA. (i) An ERISA Event shall occur with respect to a Pension Plan or Multiemployer Plan which has resulted or could reasonably be expected to result in liability of any Credit Party or an ERISA Affiliate under Title IV of ERISA to the Pension Plan, Multiemployer Plan or the PBGC in an aggregate amount in excess of $1,000,000; (ii) the commencement or increase of contributions to, or the adoption of or the amendment of a Pension Plan by any Credit Party or an ERISA Affiliate which has resulted or could reasonably be expected to result in an increase in Unfunded Pension Liability among all Pension Plans with Unfunded Pension Liabilities in an aggregate amount in excess of $1,000,000; (iii) any of the representations and warranties contained in Section 5.07 shall cease to be true and correct in any material respect and which cessation has resulted or could reasonably be expected to result in a Material Adverse Effect; or (iv) any Credit Party or an ERISA Affiliate shall fail to pay when due, after the expiration of any applicable grace period, any installment payment with respect to its withdrawal liability under Section 4201 of ERISA under a Multiemployer Plan, which has resulted or could reasonably be expected to result in a Material Adverse Effect; or

(i) Judgments. One or more non-interlocutory judgments, orders or decrees shall be entered against any Credit Party involving in the aggregate a liability (not covered by independent third-party insurance) as to any single or related series of transactions, incidents or conditions, of $3,500,000 or more, and the same shall remain unsatisfied, unvacated and unstayed pending appeal for a period of 30 days after the entry thereof; or

(j) Change of Control. Any Change of Control shall occur; or

(k) Guaranty Agreements. Any Guaranty Agreement or any provision thereof shall for any reason cease to be in full force and effect or valid and binding on or enforceable against any Credit Party or a Credit Party shall so state in writing or bring an action to limit its obligations or liabilities thereunder; or any Credit Party shall fail to perform any of its obligations thereunder; or

(l) Security Documents. Any provision of any Security Document shall cease to be in full force and effect or cease to create a valid, security interest in the Collateral (other than an immaterial portion of the Collateral) purported to be covered thereby or such security interest shall cease to be a valid and first priority security interest (subject only to Permitted Liens), or any party thereto shall default in the performance of its obligations thereunder beyond applicable periods of grace, in each case other than as a result of any action or inaction by the Collateral Agent, the Administrative Agent, the Co-Syndication Agents or any Lender; or

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(m) Termination of Material Licenses. Any Credit Party shall fail to have all required Authorizations and licenses (including FCC Licenses), the absence of which would have a Material Adverse Effect individually or in the aggregate; or

(n) Ratable Treatment. Any one of the following shall occur: (i) the Borrower makes a voluntary reduction in the Aggregate Revolving Commitment in accordance with the terms of Section 2.04 without the Mission Borrower making a ratable voluntary reduction of the "Aggregate Revolving Commitment" (as defined in the Mission Credit Agreement) in accordance with the terms of the Mission Credit Agreement and Mission Loan Documents, or (ii) the Mission Borrower makes a voluntary reduction of the "Aggregate Revolving Commitment" (as defined in the Mission Credit Agreement) in accordance with the terms of the Mission Credit Agreement and Mission Loan Documents without the Borrower making a ratable voluntary reduction in the Aggregate Revolving Commitment in accordance with the terms of Section 2.04, or (iii) the Borrower makes a voluntary prepayment of the Term B Loans in accordance with the terms of Section 2.05 without the Mission Borrower making a ratable voluntary prepayment of Mission Loans constituting "Term B Loans" as defined in the Mission Credit Agreement in accordance with the terms of Section 2.05 of the Mission Loan Documents, or (iv) the Mission Borrower makes a voluntary prepayment of Mission Loans constituting "Term B Loans" as defined in the Mission Credit Agreement in accordance with the terms of Section 2.05 of the Mission Loan Documents without the Borrower making a ratable voluntary prepayment of the Term B Loans in accordance with the terms of Section 2.05; or

(o) Termination of Mission Loan Document or Repayment in Full. Any one or more of the following shall occur: the Mission Credit Agreement is terminated, or the Mission Loans are repaid in full, or for any reason any Mission Loan Document ceases to be in full force and effect, or cease to be binding on the Mission Borrower (or the Mission Borrower shall allege or claim any of the foregoing); or

(p) Termination of Network Affiliation Agreements. With respect to any Credit Party: A Network Affiliation Agreement with a Major Television Network (other than a Network Affiliation Agreement that is not in respect of the primary affiliation of a Station or a Network Affiliation Agreement which is replaced by another network affiliation agreement with a Major Television Network before it ceases to be effective) ceases to be in full force and effect, if either (i) after giving effect to such cessation, three or more Stations are Former Major Network Affiliates, or (ii) the Station that is subject to such Network Affiliation Agreement is a Significant Station at the time of such cessation; or

(q) Any one or more of the statements, representations, warranties, certifications or statements of fact made on Schedule 8.01(a) or deemed made by or on behalf of any Mission Entity or any other Credit Party herein, in any other Loan Document, or in any document delivered in connection herewith or therewith, shall be incorrect or misleading in any material respect when made or deemed made; or

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(r) Mission Borrower shall fail to timely comply with, or timely perform any one or more of, the affirmative or negative covenants as set forth on Schedule 8.01(b); or

(s) Any Affiliate of any Credit Party shall at any time (i) become a holder of any one or more Unsecured Notes, Senior Second Lien Secured Notes or Subordinated Notes, (ii) own or control any one or more Unsecured Notes, Senior Second Lien Secured Notes or Subordinated Notes, (iii) repurchase, buy, redeem, prepay, defease, receive an assignment of, issue any notice of redemption or defeasance with respect to, or otherwise cause the cancellation, forgiveness or purchase (including, without limitation, any setting aside of funds, or other provision for, or assurance of, payment), or enter into any other transaction which accomplishes a like result, of any one or more Unsecured Notes, Senior Second Lien Secured Notes, Subordinated Notes, Loans, Mission Loans, Obligations or Mission Obligations, or (iv) become a Lender, Mission Lender or otherwise become any Secured Party, other than in the case of (i), (ii) and (iii) above with respect to the Unsecured and Subordinated Notes, as permitted by Section 7.16(d).

8.02 Remedies. If any Event of Default occurs and is continuing, the Administrative Agent shall, at the request of, or may, with the consent of, the Majority Lenders:

(a) declare the Commitment of each Lender to make Loans and any obligation of the L/C Issuer to issue Letters of Credit to be terminated, whereupon such Commitments and obligation shall forthwith be terminated; and/or

(b) declare the unpaid principal amount of all outstanding Loans, all interest accrued and unpaid thereon, and all other amounts owing or payable hereunder or under any other Loan Document to be immediately due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived by each Credit Party; and/or

(c) demand that the Borrower Cash Collateralize L/C Obligations to the extent of outstanding and wholly or partially undrawn Letters of Credit, whereupon the Borrower shall so Cash Collateralize such Letters of Credit to that extent; and/or

(d) exercise on behalf of itself, the L/C Issuer and the Lenders all rights and remedies available to it, the L/C Issuer and the Lenders under the Loan Documents or Applicable Laws; and/or

(e) apply any cash collateral as provided in Section 2.03(g) to the payment of outstanding Obligations; and/or

(f) take all actions to enforce the rights and remedies of the Collateral Agent and/or the Administrative Agent under the Security Documents;

provided, however, that upon the occurrence of any event specified above in Section 8.01(f) or (g) with respect to any Credit Party (in the case of clause (i) of paragraph (g) upon the expiration of the 60-day period mentioned therein), the obligation of each Lender to make Loans and any obligation of the L/C Issuer to issue Letters of Credit shall automatically terminate, and all reimbursement obligations under Letters of Credit and the unpaid principal amount of all outstanding Loans and all interest and other amounts as aforesaid shall automatically become due and payable without further act or notice by the Administrative Agent, the L/C Issuer or any other Lender, which are hereby expressly waived by the Borrower and each Parent Guarantor.

If at the end of any Fiscal Quarter there exists an Event of Default with respect to one or more of Sections 7.09(a) or (b), the Borrower may, prior to the date upon which financial statements for such Fiscal Quarter are required to be delivered pursuant to Section 6.01, cure such Events of Default under Sections 7.09(a) and/or (b) by receiving equity contributions from an ABRY Fund and/or Sook (and/or other Persons exercising preemptive rights in connection with an equity issuance to one or more of them), and applying the proceeds therefrom to repay Loans and reduce Commitments (on a ratable basis among the Revolving Loans and the Term B Loans) so that the Consolidated Total Leverage Ratio and the Consolidated Senior Leverage Ratio, calculated on a Pro Forma Basis after giving effect to any such equity contributions and repayments, as of the last day of the Fiscal Quarter for which such Event of Default occurred, do not exceed the relevant ratios set forth in Sections 7.09(a) and (b), provided that in no event shall any such contributions be added to increase Consolidated Operating Cash Flow for the Borrower and its Subsidiaries for any period. The provisions of this paragraph may not be utilized in consecutive quarters, nor more than four times prior to the Maturity Date.

8.03 Rights Not Exclusive. The rights provided for in this Agreement and the other Loan Documents are cumulative and are not exclusive of any other rights, powers, privileges or remedies provided by law or in equity, or under any other instrument, document or agreement now existing or hereafter arising.

8.04 Application of Funds. After the exercise of any remedy in Section 8.02 (or after the Loans have automatically become immediately due and payable and the L/C Obligations have automatically been required to be Cash Collateralized as set forth in the proviso to Section 8.02), any amounts received on account of the Obligations shall be applied by the Administrative Agent in the following order:

First, to payment of that portion of the Obligations constituting fees, indemnities, expenses and other amounts (including fees, charges and disbursements of counsel to the Administrative Agent and amounts payable under Article III) payable to the Administrative Agent in its capacity as such;

Second, to payment of that portion of the Obligations constituting fees, indemnities and other amounts (other than principal, interest and Letter of Credit Fees) payable to the Lenders (including fees, charges and disbursements of counsel to the respective Lenders and the L/C Issuer and amounts payable under Article III), ratably among them in proportion to the amounts described in this clause Second payable to them;

Third, to payment of that portion of the Obligations, except Obligations with respect to Interest Rate Protection Agreements, constituting accrued and unpaid Letter of Credit Fees and interest on the Loans, L/C Borrowings and other Obligations ratably

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among the Lenders and the L/C Issuer in proportion to the respective amounts described in this clause Third payable to them;

Fourth, to payment of that portion of the Obligations, except Obligations with respect to Interest Rate Protection Agreements, constituting unpaid principal of the Loans and L/C Borrowings, ratably among the Lenders and the L/C Issuer in proportion to the respective amounts described in this clause Fourth held by them;

Fifth, to the Administrative Agent for the account of the L/C Issuer, to Cash Collateralize that portion of L/C Obligations comprised of the aggregate undrawn amount of Letters of Credit;

Sixth, to payment of remaining portion of the Obligations, except Obligations with respect to Interest Rate Protection Agreements, ratably among the Lenders in proportion to the respective amounts described in this clause Sixth held by them;

Seventh, to the Administrative Agent for the account of each Lender and Affiliate of each Lender party to a Interest Rate Protection Agreement in the amount of the Termination Value of each such Interest Rate Protection Agreement, ratably among such Lenders and Affiliates of such Lenders in proportion to the respective amounts described in this clause Seventh held by them;

Eighth, to the Administrative Agent for the account of each Cash Management Bank, all obligations owing under any Secured Cash Management Agreement ratably among such Cash Management Banks in proportion to the respective amounts described in this clause Eighth held by them; and

Last, the balance, if any, after all of the Obligations have been indefeasibly paid in full, to the Borrower or as otherwise required by Applicable Law.

Subject to Section 2.03(c), amounts used to Cash Collateralize the aggregate undrawn amount of Letters of Credit pursuant to clause Fifth above shall be applied to satisfy drawings under such Letters of Credit as they occur. If any amount remains on deposit as Cash Collateral after all Letters of Credit have either been fully drawn or expired, such remaining amount shall be applied to the other Obligations, if any, in the order set forth above.

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ARTICLE IX.

ADMINISTRATIVE AGENT

9.01 Appointment and Authority. Each of the Lenders and the L/C Issuer hereby irrevocably appoints Bank of America to act on its behalf as the Administrative Agent hereunder and under the other Loan Documents and authorizes the Administrative Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent by the terms hereof or thereof, together with such actions and powers as are reasonably incidental thereto. Except for the rights of the Borrower pursuant to Section 9.06, the provisions of this Article are solely for the benefit of the Administrative Agent, the Lenders and the L/C Issuer, and neither the Borrower nor any other Credit Party shall have rights as a third party beneficiary of any of such provisions.

(b) The Administrative Agent shall also act as the collateral agent under the Loan Documents, and each of the Lenders (including in its capacities as a potential Hedge Bank and a potential Cash Management Bank) and the L/C Issuer hereby irrevocably appoints and authorizes the Administrative Agent to act as the collateral agent of such Lender and the L/C Issuer for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any of the Credit Parties to secure any of the Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connection, the Administrative Agent, as collateral agent and any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 9.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent, shall be entitled to the benefits of all provisions of this Article IX and Article X (including Section 10.04(c), as though such co-agents, sub-agents and attorneys-in-fact were the collateral agent under the Loan Documents) as if set forth in full herein with respect thereto.

9.02 Rights as a Lender. The Person serving as the Administrative Agent hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same as though it were not the Administrative Agent and the term "Lender" or "Lenders" shall, unless otherwise expressly indicated or unless the context otherwise requires, include the Person serving as the Administrative Agent hereunder in its individual capacity. Such Person and its Affiliates may accept deposits from, lend money to, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with the Borrower or any Credit Party or any Affiliate thereof as if such Person were not the Administrative Agent hereunder and without any duty to account therefor to the Lenders.

9.03 Exculpatory Provisions. The Administrative Agent shall not have any duties or obligations except those expressly set forth herein and in the other Loan Documents. Without limiting the generality of the foregoing, the Administrative Agent:

(a) shall not be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is continuing;

(b) shall not have any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated hereby or by the other Loan Documents that the Administrative Agent is required to exercise as directed in writing by the Majority Lenders (or such other number or percentage of the Lenders as shall be expressly provided for herein or in the other Loan Documents), provided that the Administrative Agent shall not be required to take any action that, in its opinion or the opinion of its counsel, may expose the Administrative Agent to liability or that is contrary to any Loan Document or Applicable Law; and

(c) shall not, except as expressly set forth herein and in the other Loan Documents, have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to any Credit Party or any of their Affiliates that is communicated to or obtained by the Person serving as the Administrative Agent or any of its Affiliates in any capacity.

The Administrative Agent shall not be liable for any action taken or not taken by it (i) with the consent or at the request of the Majority Lenders (or such other number or percentage of the Lenders as shall be necessary, or as the Administrative Agent shall believe in good faith shall be necessary, under the circumstances as provided in Sections 10.01 and 8.02) or (ii) in the absence of its own gross negligence or willful misconduct. The Administrative Agent shall be deemed not to have knowledge of any Default unless and until notice describing such Default is given to the Administrative Agent by the Borrower, a Lender or the L/C Issuer.

The Administrative Agent shall not be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or representation made in or in connection with this Agreement or any other Loan Document, (ii) the contents of any certificate, report or other document delivered hereunder or thereunder or in connection herewith or therewith, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth herein or therein or the occurrence of any Default, (iv) the validity, enforceability, effectiveness or genuineness of this Agreement, any other Loan Document or any other agreement, instrument or document or (v) the satisfaction of any condition set forth in Article IV or elsewhere herein, other than to confirm receipt of items expressly required to be delivered to the Administrative Agent.

9.04 Reliance by Administrative Agent. The Administrative Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing (including any electronic message, Internet or intranet website posting or other distribution) believed by it to be genuine and to have been signed, sent or otherwise authenticated by the proper Person. The Administrative Agent also may rely upon any statement made to it orally or by telephone and believed by it to have been made by the proper Person, and shall not incur any liability for relying thereon. In determining compliance with any condition hereunder to the making of a Loan, or the issuance of a Letter of Credit, that by its terms must be fulfilled to the satisfaction of a Lender or the L/C Issuer, the Administrative Agent may presume that such condition is satisfactory to such Lender or the L/C Issuer unless the Administrative Agent shall have received notice to the contrary from such Lender or the L/C Issuer prior to the making of such Loan or the issuance of such Letter of Credit. The Administrative Agent may consult with legal counsel (who may be counsel for the Borrower), independent accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants or experts.

9.05 Delegation of Duties. The Administrative Agent may perform any and all of its duties and exercise its rights and powers hereunder or under any other Loan Document by or through any one or more sub-agents appointed by the Administrative Agent. The Administrative Agent and any such sub-agent may perform any and all of its duties and exercise its rights and powers by or through their respective Related Parties. The exculpatory provisions of this Article shall apply to any such sub-agent and to the Related Parties of the Administrative Agent and any such sub-agent, and shall apply to their respective activities in connection with the syndication of the credit facilities provided for herein as well as activities as Administrative Agent.

9.06 Resignation of Administrative Agent. The Administrative Agent may at any time give notice of its resignation to the Lenders, the L/C Issuer and the Borrower. Upon receipt of any such notice of resignation, the Majority Lenders shall have the right, subject to, if no Default exists, the consent of the Borrower, such consent not to be unreasonably withheld, to appoint a successor, which shall be a bank with an office in the United States, or an Affiliate of any such bank with an office in the United States. If no such successor shall have been so appointed by the Majority Lenders and shall have accepted such appointment within 30 days after the retiring Administrative Agent gives notice of its resignation, then the retiring Administrative Agent may on behalf of the Lenders and the L/C Issuer, appoint a successor Administrative Agent meeting the qualifications set forth above; provided that if the Administrative Agent shall notify the Borrower and the Lenders that no qualifying Person has accepted such appointment, then such resignation shall nonetheless become effective in accordance with such notice and (1) the retiring Administrative Agent shall be discharged from its duties and obligations hereunder and under the other Loan Documents (except that in the case of any collateral security held by the Administrative Agent on behalf of the Lenders or the L/C Issuer under any of the Loan Documents, the retiring Administrative Agent shall continue to hold such collateral security until such time as a successor Administrative Agent is appointed) and (2) all payments, communications and determinations provided to be made by, to or through the Administrative Agent shall instead be made by or to each Lender and the L/C Issuer directly, until such time as the Majority Lenders appoint a successor Administrative Agent as provided for above in this Section. Upon the acceptance of a successor's appointment as Administrative Agent hereunder, such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring (or retired) Administrative Agent, and the retiring Administrative Agent shall be discharged from all of its duties and obligations hereunder or under the other Loan Documents (if not already discharged therefrom as provided above in this Section). The fees payable by the Borrower to a successor Administrative Agent shall be the same as those payable to its predecessor unless otherwise agreed between the Borrower and such successor. After the retiring Administrative Agent's resignation hereunder and under the other Loan Documents, the provisions of this Article and Section 10.04 shall continue in effect for the benefit of such retiring Administrative Agent, its sub-agents and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them while the retiring Administrative Agent was acting as Administrative Agent.

Any resignation by Bank of America as Administrative Agent pursuant to this Section shall also constitute its resignation as L/C Issuer. Upon the acceptance of a successor's appointment as Administrative Agent hereunder, (a) such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring L/C Issuer, (b) the retiring L/C Issuer shall be discharged from all of their respective duties and obligations hereunder or under the other Loan Documents, and (c) the successor L/C Issuer shall issue letters of credit in substitution for the Letters of Credit, if any, outstanding at the time of such succession or make other arrangements satisfactory to the retiring L/C Issuer to effectively assume the obligations of the retiring L/C Issuer with respect to such Letters of Credit.

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9.07 Non-Reliance on Administrative Agent and Other Lenders. Each Lender and the L/C Issuer acknowledges that it has, independently and without reliance upon the Administrative Agent or any other Lender or any of their Related Parties and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Lender and the L/C Issuer also acknowledges that it will, independently and without reliance upon the Administrative Agent or any other Lender or any of their Related Parties and based on such documents and information as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement, any other Loan Document or any related agreement or any document furnished hereunder or thereunder.

9.08 No Other Duties, Etc. Anything herein to the contrary notwithstanding, none of the Joint Book Managers or Joint Lead Arrangers listed on the cover page hereof shall have any powers, duties or responsibilities under this Agreement or any of the other Loan Documents, except in its capacity, as applicable, as the Administrative Agent, a Lender or the L/C Issuer hereunder.

9.09 Administrative Agent May File Proofs of Claim. In case of the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other judicial proceeding relative to any Credit Party, the Administrative Agent (irrespective of whether the principal of any Loan or L/C Obligation shall then be due and payable as herein expressed or by declaration or otherwise and irrespective of whether the Administrative Agent shall have made any demand on the Borrower) shall be entitled and empowered, by intervention in such proceeding or otherwise

(a) to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans, L/C Obligations and all other Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of the Lenders, the L/C Issuer and the Administrative Agent (including any claim for the reasonable compensation, expenses, disbursements and advances of the Lenders, the L/C Issuer and the Administrative Agent and their respective agents and counsel and all other amounts due the Lenders, the L/C Issuer and the Administrative Agent under Sections 2.03(i) and (j), 2.09 and 10.04) allowed in such judicial proceeding; and

(b) to collect and receive any monies or other property payable or deliverable on any such claims and to distribute the same;

and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Lender and the L/C Issuer to make such payments to the Administrative Agent and, in the event that the Administrative Agent shall consent to the making of such payments directly to the Lenders and the L/C Issuer, to pay to the Administrative Agent any amount due for the reasonable compensation, expenses, disbursements and advances of the Administrative Agent and its agents and counsel, and any other amounts due the Administrative Agent under Sections 2.09 and 10.04.

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Nothing contained herein shall be deemed to authorize the Administrative Agent to authorize or consent to or accept or adopt on behalf of any Lender or the L/C Issuer any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Lender or to authorize the Administrative Agent to vote in respect of the claim of any Lender in any such proceeding.

9.10 Collateral and Guaranty Matters. The Secured Parties, the Lenders and the L/C Issuer (including in its capacities as a potential Cash Management Bank and a potential Hedge Bank) irrevocably authorize the Administrative Agent, at its option and in its discretion,

(a) to release any Lien on any property granted to or held by the Administrative Agent under any Loan Document (i) upon termination of the Commitments and payment in full of all Obligations (other than (A) contingent indemnification obligations and (B) obligations and liabilities under Secured Cash Management Agreements and Secured Hedge Agreements as to which arrangements satisfactory to the applicable Cash Management Bank or Hedge Bank shall have been made) and the expiration or termination of all Letters of Credit, (ii) that is sold or to be sold as part of or in connection with any sale permitted hereunder (including by waiver or consent) or under any other Loan Document, or (iii) subject to Section 10.01, if approved, authorized or ratified in writing by the Majority Lenders;

(b) to subordinate any Lien on any property granted to or held by the Administrative Agent under any Loan Document to the Holder of any Lien on such property that is permitted by Sections 7.02(h) and (j) (including by waiver or consent);

(c) enter into the Intercreditor Agreement and take all such action or inaction deemed necessary or advisable by it to permit the transactions described in Section 7.05(s) and Section 9.12; and

(d) to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted hereunder (including by waiver or consent).

Upon request by the Administrative Agent at any time, the Majority Lenders will confirm in writing the Administrative Agent's authority to release or subordinate its interest in particular types or items of property, take such action or inaction as set forth herein or to release any Guarantor from its obligations under the Guaranty pursuant to this Section 9.10.

9.11 Secured Cash Management Agreements and Secured Hedge Agreements. No Cash Management Bank or Hedge Bank that obtains the benefits of Section 8.04, any Guaranty Agreements or any Collateral by virtue of the provisions hereof or of any Guaranty Agreement or any Security Document shall have any right to notice of any action or to consent to, direct or object to any action hereunder or under any other Loan Document or otherwise in respect of the Collateral (including the release or impairment of any Collateral) other than in its capacity as a Lender and, in such case, only to the extent expressly provided in the Loan Documents. Notwithstanding any other provision of this Article IX to the contrary, the Administrative Agent shall not be required to verify the payment of, or that other satisfactory arrangements have been made with respect to, Obligations arising under Secured Cash Management Agreements and Secured Hedge Agreements unless the Administrative Agent has received written notice of such Obligations, together with such supporting documentation as the Administrative Agent may request, from the applicable Cash Management Bank or Hedge Bank, as the case may be.

9.12 Intercreditor Agreement.

(a) Each Lender acknowledges that because (i) this Agreement provides that upon the issuance by the Borrower of Senior Second Lien Secured Notes, Collateral will be granted to secure both the Secured Parties and the Holders of the Senior Second Lien Secured Notes, and (ii) mandatory prepayment provisions exist herein and have been added in Section 10.19 of this Agreement, it may be necessary for the Secured Parties under this Agreement and the Holders of the Senior Second Lien Secured Notes (if any) to enter into an intercreditor agreements and/or arrangements upon the issuance of any such Senior Second Lien Secured Notes from time to time, to provide that such Collateral is securing the Obligations on a first priority basis and such Senior Second Lien Secured Notes on a second priority basis.

(b) Notwithstanding the provisions in this Agreement and/or any other Loan Document, each Lender and Secured Party agrees to each of the terms and provisions of any proposed Intercreditor Agreement from time to time and authorizes the Administrative Agent to enter into any such agreement on its behalf, and

(c) Each Lender and Secured Party agrees to be bound by the terms and provisions of each such Intercreditor Agreement, and

(f) Each Lender and Secured Party agrees and acknowledges that any authority, right or action granted to the Administrative Agent by the Lenders and/or the Secured Parties hereunder, or under any other Loan Document, may be exercised by the Collateral Agent as if such authority, right or action was granted to the Collateral Agent directly by each Lender hereunder.

Notwithstanding anything herein to the contrary, so long as any Intercreditor Agreement is in full force and effect:

(i) the Administrative Agent and Lenders each hereby delegate to the Collateral Agent the power and authority in the Collateral Agent's exclusive and sole discretion, to exercise any and all discretion granted herein and in the other Loan Documents to the Administrative Agent in connection with the Collateral and the Security Documents, and

(ii) any item, document, certificate or monies delivered by the Borrower to the Collateral Agent in connection with the Collateral, Security Documents, Section 2.06(b) or Section 10.19(b), shall constitute delivery to the Administrative Agent.

Each Lender further acknowledges and agrees that the terms and provisions of the Intercreditor Agreement govern and control over the terms and provisions of this Agreement and the other Loan Documents. Notwithstanding the foregoing or anything herein, any other Loan Document or in the Intercreditor Agreement to the contrary, the Borrower may not rely on this provision or on the terms of the Intercreditor Agreement.

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ARTICLE X.

MISCELLANEOUS

10.01 Amendment and Waivers.

(a) Subject to the terms and provisions of Sections 2.01(c) and 2.15, no amendment or waiver of any provision of this Agreement or any other Loan Document and no consent with respect to any departure by the Borrower or any other Credit Party therefrom, shall be effective unless the same shall be in writing and signed by the Borrower, each Credit Party affected thereby, the Majority Revolver Lenders and the Majority Lenders and acknowledged by the Administrative Agent, and then such amendment, waiver or consent shall be effective only in the specific instance and for the specific purpose for which given; provided that, notwithstanding the foregoing,

(i) no such waiver, amendment, or consent shall, unless in writing and signed by the Borrower and each Lender affected thereby;

(A) extend the date for or change the amount of any principal installment due on the Loans under Section 2.07(a), or postpone or delay any date for any payment of interest or fees due to such Lenders (or any of them) under any other Loan Document or any Fee Letter;

(B) increase (except as provided in Sections 2.01(c) and 2.15 or extend the Commitment of such Lender, or reinstate any Commitment terminated pursuant to Section 8.02(a), except as provided in Section 10.06;

(D) reduce the principal of, or the rate of interest specified herein on any Loan or L/C Borrowing (other than with respect to post-default rates), or of any fees or other scheduled amounts payable hereunder (excluding any mandatory prepayments pursuant to Section 2.06) or under any other Loan Document or reduce the Applicable Margin provided for herein;

(E) reduce the percentage of the Commitments or of the aggregate unpaid principal amount of the Loans which shall be required for the Lenders or any of them to take any action hereunder;

(F) amend this Section 10.01, change the percentage set forth in definition of the term "Majority Lenders", change the percentage set forth in the definition of the term "Supermajority Lenders" or amend any provision of this Agreement expressly requiring the consent of all the Lenders in order to take or refrain from taking any action;

(G) release the guaranty of any Guarantor under its Guaranty Agreement, except in accordance with the express provisions hereof or thereof, or release all or substantially all of the Collateral except, in all such cases in accordance with the express provisions of this Agreement or the Security Documents;

(H) add any requirements to obtain the consent of any additional Person or Persons to affect any assignment or participation pursuant to Section 11.06;

(I) extend any Maturity Date; or

(J) amend, consent to, or change any provision of Section 8.04; and

(ii) no amendment, waiver or consent shall, unless in writing and signed by the L/C Issuer in addition to the Majority Lenders, each affected Lender or all the Lenders, as the case may be, affect the rights or duties of the L/C Issuer under this Agreement or any Issuer Documents; and

(iii) no amendment, waiver or consent shall, unless in writing and signed by the Administrative Agent in addition to the Majority Lenders, each affected Lender or all the Lenders, as the case may be, affect the rights or duties of the Administrative Agent under this Agreement or any other Loan Document; and

(iv) no amendment, waiver or consent shall, unless in writing and signed by the Collateral Agent in addition to the Majority Lenders or all the Lenders, as the case may be, affect the rights or duties of the Collateral Agent under the Security Documents or any other Loan Document; and

(v) with respect to any Incremental Facility, the Incremental Loan Amendment, and any waiver, consent or other amendment to any term or provision of this Agreement necessary or advisable to effectuate any Incremental Facility or any provision thereof in accordance with the terms of, or the intent of, this Agreement, shall be effective when executed by the Borrower, the Administrative Agent and each Incremental Term Lender or Incremental Revolving Lender making an Incremental Revolving Commitment or Incremental Term Commitment; and

(vi) with respect to reallocation of the Revolving Commitment in connection with the Revolver Reallocation Letter, the Revolver Reallocation Letter and any waiver, consent or other amendment to any term or provision of this Agreement necessary or advisable to effectuate any reallocation of the Revolving Commitment in accordance with the terms or the intent of the Revolver Reallocation Letter, shall be effective when executed by the Borrower, the Administrative Agent and the Majority Revolver Lenders;

(vii) Interest Rate Protection Agreements, Incremental Loan Amendments (and related Incremental Loan documentation), the Revolver Reallocation Letter (and related documentation) and the Fee Letters shall not be deemed to be Loan Documents for purposes of this Section 10.01(a); and

(viii) no amendment, waiver or consent shall, unless in writing and signed by each of (1) the Borrower, (2) the Administrative Agent, (3) Revolving Lenders having more than 50% of the Aggregate Combined Revolving Commitment (as in effect at such time), or if the Aggregate Combined Revolving Commitment has been terminated in full, the aggregate principal amount of outstanding Revolving Loans and L/C Obligations on the date of such amendment, waiver or consent, and (4) Term B Lenders having more than 50% of the Aggregate Outstanding Term B Loan Balance on the date of such amendment, waiver or consent, amend, waive, consent to, postpone or delay any mandatory prepayment pursuant to Section 2.06.

(b) If, in connection with any proposed change, waiver, discharge or any termination to any of the provisions of this Agreement as contemplated by clauses (ii) through (viii), inclusive, of the second proviso to Section 10.01(a), the consent of the Majority Lenders is obtained but the consent of one or more other Lenders whose consent is required is not obtained, then the Borrower shall have the right, so long as all non-consenting Lenders whose individual consent is required are treated the same, to require such non-consenting Lender to assign all of its interests, rights, and obligations under this Agreement and the related Loan Documents to an assignee that shall assume such obligations pursuant to Section 10.13 so long as at such time of such replacement, each such assignee consents to the proposed change, waiver, discharge or termination.

10.02 Notices; Effectiveness; Electronic Communication.

(a) Notices Generally. Except in the case of notices and other communications expressly permitted to be given by telephone (and except as provided in subsection (b) below), all notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by telecopier as follows, and all notices and other communications expressly permitted hereunder to be given by telephone shall be made to the applicable telephone number, as follows:

(i) if to the Borrower, the Administrative Agent or the L/C Issuer, to the address, telecopier number, electronic mail address or telephone number specified for such Person on Schedule 10.02; and

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(ii) if to any other Lender, to the address, telecopier number, electronic mail address or telephone number specified in its Administrative Questionnaire.

Notices sent by hand or overnight courier service, or mailed by certified or registered mail, shall be deemed to have been given when received; notices sent by telecopier shall be deemed to have been given when sent (except that, if not given during normal business hours for the recipient, shall be deemed to have been given at the opening of business on the next business day for the recipient). Notices delivered through electronic communications to the extent provided in subsection (b) below, shall be effective as provided in such subsection (b).

(b) Electronic Communications. Notices and other communications to the Lenders and the L/C Issuer hereunder may be delivered or furnished by electronic communication (including e-mail and Internet or intranet websites) pursuant to procedures approved by the Administrative Agent, provided that the foregoing shall not apply to notices to any Lender or the L/C Issuer pursuant to Article II if such Lender or the L/C Issuer, as applicable, has notified the Administrative Agent that it is incapable of receiving notices under such Article by electronic communication. The Administrative Agent or the Borrower may, in its discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it, provided that approval of such procedures may be limited to particular notices or communications.

Unless the Administrative Agent otherwise prescribes, (i) notices and other communications sent to an e-mail address shall be deemed received upon the sender's receipt of an acknowledgement from the intended recipient (such as by the "return receipt requested" function, as available, return e-mail or other written acknowledgement), provided that if such notice or other communication is not sent during the normal business hours of the recipient, such notice or communication shall be deemed to have been sent at the opening of business on the next business day for the recipient, and (ii) notices or communications posted to an Internet or intranet website shall be deemed received upon the deemed receipt by the intended recipient at its e-mail address as described in the foregoing clause (i) of notification that such notice or communication is available and identifying the website address therefor.

(c) The Platform. THE PLATFORM IS PROVIDED "AS IS" AND "AS AVAILABLE." THE AGENT PARTIES (AS DEFINED BELOW) DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE BORROWER MATERIALS OR THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS IN OR OMISSIONS FROM THE BORROWER MATERIALS. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY ANY AGENT PARTY IN CONNECTION WITH THE BORROWER MATERIALS OR THE PLATFORM. In no event shall the Administrative Agent or any of its Related Parties (collectively, the "Agent Parties") have any liability to any Nexstar Entity, any Lender, the L/C Issuer or any other Person for losses, claims, damages, liabilities or expenses of any kind (whether in tort, contract or otherwise) arising out of the Borrower's or the Administrative Agent's transmission of Borrower Materials through the Internet, except to the extent that such losses, claims, damages, liabilities or expenses are determined by a court of competent jurisdiction by a final and nonappealable judgment to have resulted from the gross negligence or willful misconduct of such Agent Party; provided, however, that in no event shall any Agent Party have any liability to any Nexstar Entity, any Lender, the L/C Issuer or any other Person for indirect, special, incidental, consequential or punitive damages (as opposed to direct or actual damages).

(d) Change of Address, Etc. Each of the Borrower, the Administrative Agent and the L/C Issuer may change its address, telecopier or telephone number for notices and other communications hereunder by notice to the other parties hereto. Each other Lender may change its address, telecopier or telephone number for notices and other communications hereunder by notice to the Borrower, the Administrative Agent and the L/C Issuer. In addition, each Lender agrees to notify the Administrative Agent from time to time to ensure that the Administrative Agent has on record (i) an effective address, contact name, telephone number, telecopier number and electronic mail address to which notices and other communications may be sent and (ii) accurate wire instructions for such Lender.

(e) Reliance by Administrative Agent, L/C Issuer and Lenders. The Administrative Agent, the L/C Issuer and the Lenders shall be entitled to rely and act upon any notices (including telephonic Revolving Loan Notices and Term B Loan Notices) purportedly given by or on behalf of the Borrower even if (i) such notices were not made in a manner specified herein, were incomplete or were not preceded or followed by any other form of notice specified herein, or (ii) the terms thereof, as understood by the recipient, varied from any confirmation thereof. The Borrower shall indemnify the Administrative Agent, the L/C Issuer, each Lender and the Related Parties of each of them from all losses, costs, expenses and liabilities resulting from the reliance by such Person on each notice purportedly given by or on behalf of the Borrower. All telephonic notices to and other telephonic communications with the Administrative Agent may be recorded by the Administrative Agent, and each of the parties hereto hereby consents to such recording.

10.03 No Waiver; Cumulative Remedies. No failure by any Lender, the L/C Issuer or the Administrative Agent to exercise, and no delay by any such Person in exercising, any right, remedy, power or privilege hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided are cumulative and not exclusive of any rights, remedies, powers and privileges provided by law.

10.04 Expenses; Indemnity; Damage Waiver.

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(a) Costs and Expenses. The Borrower shall pay (i) all reasonable out-of-pocket expenses incurred by the Administrative Agent and its Affiliates (including the reasonable fees, charges and disbursements of counsel for the Administrative Agent and financial consultants, advisors and other representatives engaged by the Administrative Agent), in connection with the syndication of the credit facilities provided for herein, the preparation, negotiation, execution, delivery and administration of this Agreement and the other Loan Documents or any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated), (ii) all reasonable out-of-pocket expenses incurred by the L/C Issuer in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder and (iii) all out-of-pocket expenses incurred by the Administrative Agent, any Lender or the L/C Issuer (including without limitation, the fees, charges and disbursements of any counsel for the Administrative Agent, any Lender or the L/C Issuer and the reasonable fees, charges and disbursements of any Restructuring Advisors), in connection with the enforcement or protection of its rights (A) in connection with this Agreement and the other Loan Documents, including its rights under this Section, or (B) in connection with the Loans made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect of such Loans or Letters of Credit.

(b) Indemnification by the Borrower. The Borrower shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender and the L/C Issuer, and each Related Party of any of the foregoing Persons (each such Person being called an "Indemnitee") against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the fees, charges and disbursements of any counsel for any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrower or any other Credit Party arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder, the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents, (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by the L/C Issuer to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), (iii) any actual or alleged presence or release of Hazardous Materials on or from any property owned or operated by the Borrower or any of its Subsidiaries, or any Environmental Liability related in any way to the Borrower or any of its Subsidiaries, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrower or any other Credit Party, and regardless of whether any Indemnitee is a party thereto, in all cases, whether or not caused by or arising, in whole or in part, out of the comparative, contributory or sole negligence of the Indemnitee; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses (x) are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence or willful misconduct of such Indemnitee or (y) result from a claim brought by the Borrower or any other Credit Party against an Indemnitee for breach in bad faith of such Indemnitee's obligations hereunder or under any other Loan Document, if the Borrower or such Credit Party has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction.

(c) Reimbursement by Lenders. To the extent that the Borrower for any reason fails to indefeasibly pay any amount required under subsection (a) or (b) of this Section to be paid by it to the Administrative Agent (or any sub-agent thereof), the L/C Issuer or any Related Party of any of the foregoing, each Lender severally agrees to pay to the Administrative Agent (or any such sub-agent), the L/C Issuer or such Related Party, as the case may be, such Lender's Facility Percentage (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount, provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent (or any such sub-agent) or the L/C Issuer in its capacity as such, or against any Related Party of any of the foregoing acting for the Administrative Agent (or any such sub-agent) or L/C Issuer in connection with such capacity. The obligations of the Lenders under this subsection (c) are subject to the provisions of Section 2.12(d).

(d) Waiver of Consequential Damages, Etc. To the fullest extent permitted by Applicable Law, the Borrower shall not assert, and hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement, any other Loan Document or any agreement or instrument contemplated hereby, the transactions contemplated hereby or thereby, any Loan or Letter of Credit or the use of the proceeds thereof. No Indemnitee referred to in subsection (b) above shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed by it through telecommunications, electronic or other information transmission systems in connection with this Agreement or the other Loan Documents or the transactions contemplated hereby or thereby.

(e) Payments. All amounts due under this Section shall be payable not later than ten Business Days after demand therefor.

(f) Survival. The agreements in this Section shall survive the resignation of the Administrative Agent and the L/C Issuer, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations.

10.05 Payments Set Aside. To the extent that any payment by or on behalf of the Borrower is made to the Administrative Agent, the L/C Issuer or any Lender, or the Administrative Agent, the L/C Issuer or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by the Administrative Agent, the L/C Issuer or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender and the L/C Issuer severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by the Administrative Agent, plus interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders and the L/C Issuer under clause (b) of the preceding sentence shall survive the payment in full of the Obligations and the termination of this Agreement.

10.06 Successors and Assigns.

(a) Successors and Assigns Generally. The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns permitted hereby, except that neither the Borrower nor any other Credit Party may assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of the Administrative Agent and each Lender and no Lender may assign or otherwise transfer any of its rights or obligations hereunder except (i) to an Eligible Assignee in accordance with the provisions of subsection (b) of this Section, (ii) by way of participation in accordance with the provisions of subsection (d) of this Section, (iii) by way of pledge or assignment of a security interest subject to the restrictions of subsection (f) of this Section, or (iv) to an SPC in accordance with the provisions of subsection (h) of this Section (and any other attempted assignment or transfer by any party hereto shall be null and void). Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby, Participants to the extent provided in subsection (d) of this Section and, to the extent expressly contemplated hereby, the Related Parties of each of the Administrative Agent, the L/C Issuer and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement.

(b) Assignments by Lenders. Any Lender may at any time assign to one or more Eligible Assignees all or a portion of its rights and obligations under this Agreement (including all or a portion of its Revolving Commitment and the Loans (including for purposes of this subsection (b), participations in L/C Obligations) at the time owing to it); provided that

(i) except in the case of an assignment of the entire remaining amount of the assigning Lender's Commitment and the Loans at the time owing to it or in the case of an assignment to a Lender or an Affiliate of a Lender or an Approved Fund with respect to a Lender, the aggregate amount of the Commitment (which for this purpose includes Loans outstanding thereunder) or, if the Commitment is not then in effect, the principal outstanding balance of the Loans of the assigning Lender subject to each such assignment, determined as of the date the Assignment and Assumption with respect to such assignment is delivered to the Administrative Agent or, if "Trade Date" is specified in the Assignment and Assumption, as of the Trade Date, shall not be less than (x) $5,000,000 for Revolving Commitments and Revolving Loans or (y) $1,000,000 for Term B Loans unless each of the Administrative Agent and, so long as no Event of Default has occurred and is continuing, the Borrower otherwise consents (each such consent not to be unreasonably withheld or delayed); provided, however, that concurrent assignments to members of an Assignee Group and concurrent assignments from members of an Assignee Group to a single Eligible Assignee (or to an Eligible Assignee and members of its Assignee Group) will be treated as a single assignment for purposes of determining whether such minimum amount has been met;

(ii) each such assignment of Loans hereunder must be consummated simultaneously with an assignment among the same parties of a corresponding percentage of the corresponding Class of Mission Loans and/or commitments (as applicable) under the Mission Credit Agreement in accordance with the terms of the Mission Credit Agreement;

(iii) each partial assignment shall be made as an assignment of a proportionate part of all the assigning Lender's rights and obligations under this Agreement with respect to the Loans or the Commitment assigned;

(iv) any assignment of a Commitment must be approved by the Administrative Agent and the L/C Issuer (such approvals not to be unreasonably withheld) unless the Person that is the proposed assignee is itself a Lender (whether or not the proposed assignee would otherwise qualify as an Eligible Assignee); and

(v) the parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption, together with a processing and recordation fee in the amount, if any, required as set forth in Schedule 10.06, and the Eligible Assignee, if it shall not be a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire; provided that only one such fee shall be payable with respect to the assignment of Loans hereunder and the simultaneous assignment among the same parties of a corresponding percentage of the corresponding Class of Mission Loans and/or commitments (as applicable) under the Mission Credit Agreement.

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Subject to acceptance and recording thereof by the Administrative Agent pursuant to subsection (c) of this Section, from and after the effective date specified in each Assignment and Assumption, the Eligible Assignee thereunder shall be a party to this Agreement with respect to the interest assigned and, to the extent of the interest assigned by such Assignment and Assumption, have the rights and obligations of a Lender under this Agreement in addition to any rights and obligations theretofore held by it as a Lender hereunder, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment and Assumption covering all of the assigning Lender's rights and obligations under this Agreement, such Lender shall cease to be a party hereto) but shall continue to be entitled to the benefits of Sections 3.01, 3.04, 3.05, and 10.04 with respect to facts and circumstances occurring prior to the effective date of such assignment. Upon request, the Borrower (at its expense) shall execute and deliver a Note to the assignee Lender. Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this subsection shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with subsection (d) of this Section.

(c) Register. The Administrative Agent, acting solely for this purpose as an agent of the Borrower, shall maintain at the Administrative Agent's Office a copy of each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of the Lenders, and the Commitments of, and principal amounts of the Loans and L/C Obligations owing to, each Lender pursuant to the terms hereof from time to time (the "Register"). The entries in the Register shall be conclusive with respect to the identity of the Lenders and, the entries as to the amount of the Obligations shall be conclusive absent manifest error, and the Borrower, the Administrative Agent and the Lenders may treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. The Register shall be available for inspection by each of the Borrower and the L/C Issuer at any reasonable time and from time to time upon reasonable prior notice. In addition, at any time that a request for a consent for a material or substantive change to the Loan Documents is pending, any Lender may request and receive from the Administrative Agent a copy of the Register.

(d) Participations. Any Lender may at any time, without the consent of, or notice to, the Borrower or the Administrative Agent, sell participations to any Person (other than a natural person or the Borrower or any of the Borrower's Affiliates or Subsidiaries) (each, a "Participant") in all or a portion of such Lender's rights and/or obligations under this Agreement (including all or a portion of its Commitment and/or the Loans (including such Lender's participations in L/C Obligations) owing to it); provided that (i) such Lender's obligations under this Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations and (iii) the Borrower, the Administrative Agent, the Lenders and the L/C Issuer shall continue to deal solely and directly with such Lender in connection with such Lender's rights and obligations under this Agreement.

Any agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement; provided that such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any amendment, waiver or other modification described in clause (i), subsections (B), (D) and (I) of the first proviso to Section 10.01 that directly affects such Participant. Subject to subsection (e)

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of this Section, the Borrower agrees that each Participant shall be entitled to the benefits of Sections 3.01, 3.04 and 3.05 to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to subsection (b) of this Section. To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 10.08 as though it were a Lender, provided such Participant agrees to be subject to Section 2.13 as though it were a Lender.

(e) Limitations upon Participant Rights. A Participant shall not be entitled to receive any greater payment under Section 3.01 or 3.04 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such Participant is made with the Borrower's prior written consent. A Participant that would be a Foreign Lender if it were a Lender shall not be entitled to the benefits of Section 3.01 unless the Borrower is notified of the participation sold to such Participant and such Participant agrees, for the benefit of the Borrower, to comply with Section 3.01(e) as though it were a Lender.

(f) Certain Pledges. Notwithstanding anything to the contrary herein or otherwise, any Lender may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement (including under its Note, if any) to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Lender; provided that no such pledge or assignment shall release such Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto.

(g) Electronic Execution of Assignments. The words "execution," "signed," "signature," and words of like import in any Assignment and Assumption shall be deemed to include electronic signatures or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any Applicable Law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act.

(h) Special Purpose Funding Vehicles. Notwithstanding anything to the contrary contained herein, any Lender (a "Granting Lender") may grant to a special purpose funding vehicle identified as such in writing from time to time by the Granting Lender to the Administrative Agent and the Borrower (an "SPC") the option to provide all or any part of any Loan that such Granting Lender would otherwise be obligated to make pursuant to this Agreement; provided that (i) nothing herein shall constitute a commitment by any SPC to fund any Loan, and (ii) if an SPC elects not to exercise such option or otherwise fails to make all or any part of such Loan, the Granting Lender shall be obligated to make such Loan pursuant to the terms hereof or, if it fails to do so, to make such payment to the Administrative Agent as is required under Section 2.12(b)(ii). Each party hereto hereby agrees that (i) neither the grant to any SPC nor the exercise by any SPC of such option shall increase the costs or expenses or otherwise increase or change the obligations of the Borrower under this Agreement (including its obligations under Section 3.04), (ii) no SPC shall be liable for any indemnity or similar payment obligation under this Agreement for which a Lender would be liable, and (iii) the Granting Lender shall for all purposes, including the approval of any amendment, waiver or other modification of any provision of any Loan Document, remain the lender of record hereunder. The making of a Loan by an SPC hereunder shall utilize the Commitment of the Granting Lender to the same extent, and as if, such Loan were made by such Granting Lender. In furtherance of the foregoing, each party hereto hereby agrees (which agreement shall survive the termination of this Agreement) that, prior to the date that is one year and one day after the payment in full of all outstanding commercial paper or other senior debt of any SPC, it will not institute against, or join any other Person in instituting against, such SPC any bankruptcy, reorganization, arrangement, insolvency, or liquidation proceeding under the laws of the United States or any State thereof. Notwithstanding anything to the contrary contained herein, any SPC may (i) with notice to, but without prior consent of the Borrower and the Administrative Agent and with the payment of a processing fee in the amount of $2,500, assign all or any portion of its right to receive payment with respect to any Loan to the Granting Lender and (ii) disclose on a confidential basis any non-public information relating to its funding of Loans to any rating agency, commercial paper dealer or provider of any surety or guarantee or credit or liquidity enhancement to such SPC.

(i) Resignation as L/C Issuer after Assignment. Notwithstanding anything to the contrary contained herein, if at any time Bank of America assigns all of its Commitment and Loans pursuant to subsection (b) above, Bank of America may, upon 30 days' notice to the Borrower and the Lenders, resign as L/C Issuer. In the event of any such resignation as L/C Issuer, the Borrower shall be entitled to appoint from among the Lenders a successor L/C Issuer hereunder; provided, however, that no failure by the Borrower to appoint any such successor shall affect the resignation of Bank of America as L/C Issuer. If Bank of America resigns as L/C Issuer, it shall retain all the rights, powers, privileges and duties of the L/C Issuer hereunder with respect to all Letters of Credit outstanding as of the effective date of its resignation as L/C Issuer and all L/C Obligations with respect thereto (including the right to require the Lenders to make Base Rate Loans or fund risk participations in Unreimbursed Amounts pursuant to Section 2.03(c)). Upon the appointment of a successor L/C Issuer, (a) such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring L/C Issuer, and (b) the successor L/C Issuer shall issue letters of credit in substitution for the Letters of Credit, if any, outstanding at the time of such succession or make other arrangements satisfactory to Bank of America to effectively assume the obligations of Bank of America with respect to such Letters of Credit.

10.07 Treatment of Certain Information; Confidentiality. Each of the Administrative Agent, the Collateral Agent, the Lenders and the L/C Issuer agrees to maintain the confidentiality of the Information (as defined below), except that Information may be disclosed (a) to its Affiliates and to its and its Affiliates' respective partners, directors, officers, employees, agents, advisors and representatives (it being understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information confidential), (b) to the extent requested by any regulatory authority purporting to have jurisdiction over it (including any self-regulatory authority, such as the National Association of Insurance Commissioners), (c) to the extent required by Applicable Laws or regulations or by any subpoena or similar legal process, (d) to any other party hereto, (e) in connection with the exercise of any remedies hereunder or under any other Loan Document or any action or proceeding relating to this Agreement or any other Loan Document or the enforcement of rights hereunder or thereunder, (f) subject to an agreement containing provisions substantially the same as those of this Section, to (i) any assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights or obligations under this Agreement or (ii) any actual or prospective counterparty (or its advisors) to any swap or derivative transaction relating to the Borrower and its obligations, (g) with the consent of the Borrower or (h) to the extent such Information (x) becomes publicly available other than as a result of a breach of this Section or (y) becomes available to the Administrative Agent, any Lender, the L/C Issuer or any of their respective Affiliates on a nonconfidential basis from a source other than the Borrower.

For purposes of this Section, "Information" means all information received from the Borrower or any Subsidiary relating to the Borrower or any Subsidiary or any of their respective businesses, other than any such information that is available to the Administrative Agent, any Lender or the L/C Issuer on a nonconfidential basis prior to disclosure by the Borrower or any Subsidiary, provided that, in the case of information received from the Borrower or any Subsidiary after the date hereof, such information is clearly identified at the time of delivery as confidential. Any Person required to maintain the confidentiality of Information as provided in this Section shall be considered to have complied with its obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality of such Information as such Person would accord to its own confidential information.

Each of the Administrative Agent, the Collateral Agent, the Lenders and the L/C Issuer acknowledges that (a) the Information may include material non-public information concerning the Borrower or a Subsidiary, as the case may be, (b) it has developed compliance procedures regarding the use of material non-public information and (c) it will handle such material non-public information in accordance with Applicable Law, including Federal and state securities Laws.

10.08 Right of Setoff. If an Event of Default shall have occurred and be continuing, each Lender, the L/C Issuer and each of their respective Affiliates is hereby authorized at any time and from time to time, without prior notice to any Credit Party, any such notice being hereby waived to the fullest extent permitted by Applicable Law, to set off and apply any and all deposits (general or special, time or demand, provisional or final, in whatever currency) at any time held and other obligations (in whatever currency) at any time owing by such Lender, the L/C Issuer or any such Affiliate to or for the credit or the account of the Borrower or any other Credit Party against any and all of the obligations of the Borrower or such Credit Party now or hereafter existing under this Agreement or any other Loan Document to such Lender or the L/C Issuer, irrespective of whether or not such Lender or the L/C Issuer shall have made any demand under this Agreement or any other Loan Document and although such obligations of the Borrower or such Credit Party may be contingent or unmatured or are owed to a branch or office of such Lender or the L/C Issuer different from the branch or office holding such deposit or obligated on such indebtedness. The rights of each Lender, the L/C Issuer and their respective Affiliates under this Section are in addition to other rights and remedies (including other rights of setoff) that such Lender, the L/C Issuer or their respective Affiliates may have. Each Lender and the L/C Issuer agrees to notify the Borrower and the Administrative Agent promptly after any such setoff and application, provided that the failure to give such notice shall not affect the validity of such setoff and application.

10.09 Interest Rate Limitation. Notwithstanding anything to the contrary contained in any Loan Document, the interest paid or agreed to be paid under the Loan Documents shall not exceed the Highest Lawful Rate. If the Administrative Agent or any Lender shall receive interest in an amount that exceeds the Highest Lawful Rate, the excess interest shall be applied to the principal of the Loans or, if it exceeds such unpaid principal, refunded to the Borrower. In determining whether the interest contracted for, charged, or received by the Administrative Agent or a Lender exceeds the Highest Lawful Rate, such Person may, to the extent permitted by Applicable Law, (a) characterize any payment that is not principal as an expense, fee, or premium rather than interest, (b) exclude voluntary prepayments and the effects thereof, and (c) amortize, prorate, allocate, and spread in equal or unequal parts the total amount of interest throughout the contemplated term of the Obligations hereunder.

10.10 Counterparts; Integration; Effectiveness. This Agreement may be executed in counterparts (and by different parties hereto in different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. Except as provided in Sections 4.01 and 4.02, this Agreement shall become effective when it shall have been executed by the Administrative Agent and when the Administrative Agent shall have received counterparts hereof that, when taken together, bear the signatures of each of the other parties hereto. Delivery of an executed counterpart of a signature page of this Agreement by telecopy shall be effective as delivery of a manually executed counterpart of this Agreement.

10.11 Survival of Representations and Warranties. All representations and warranties made hereunder and in any other Loan Document or other document delivered pursuant hereto or thereto or in connection herewith or therewith shall survive the execution and delivery hereof and thereof. Such representations and warranties have been or will be relied upon by the Administrative Agent and each Lender, regardless of any investigation made by the Administrative Agent or any Lender or on their behalf and notwithstanding that the Administrative Agent or any Lender may have had notice or knowledge of any Default at the time of any Credit Event, and shall continue in full force and effect as long as any Loan or any other Obligation hereunder shall remain unpaid or unsatisfied or any Letter of Credit shall remain outstanding.

10.12 Severability. If any provision of this Agreement or the other Loan Documents is held to be illegal, invalid or unenforceable, (a) the legality, validity and enforceability of the remaining provisions of this Agreement and the other Loan Documents shall not be affected or impaired thereby and (b) the parties shall endeavor in good faith negotiations to replace the illegal, invalid or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the illegal, invalid or unenforceable provisions. The invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

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10.13 Replacement of Lenders. If any Lender requests compensation under Section 3.04, or if the Borrower is required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 3.01, if any Lender is an Impacted Lender or if any other circumstance exists hereunder that gives the Borrower the right to replace a Lender as a party hereto, then the Borrower may, at its sole expense and effort, upon notice to such Lender and the Administrative Agent, require such Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in, and consents required by, Section 10.06), all of its interests, rights and obligations under this Agreement and the related Loan Documents to an assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment), provided that:

(a) the Borrower shall have paid to the Administrative Agent the assignment fee specified in Section 10.06(b);

(b) such Lender shall have received payment of an amount equal to the outstanding principal of its Loans and L/C Advances, accrued interest thereon, accrued fees and all other amounts payable to it hereunder and under the other Loan Documents (including any amounts under Section 3.05) from the assignee (to the extent of such outstanding principal and accrued interest and fees) or the Borrower (in the case of all other amounts);

(c) in the case of any such assignment resulting from a claim for compensation under Section 3.04 or payments required to be made pursuant to Section 3.01, such assignment will result in a reduction in such compensation or payments thereafter; and

(d) such assignment does not conflict with Applicable Laws.

A Lender shall not be required to make any such assignment or delegation if, prior thereto, as a result of a waiver by such Lender or otherwise, the circumstances entitling the Borrower to require such assignment and delegation cease to apply.

10.14 Governing Law; Jurisdiction; Etc.

(a) GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK APPLICABLE TO AGREEMENTS MADE AND TO BE PERFORMED ENTIRELY WITHIN SUCH STATE; PROVIDED THAT THE ADMINISTRATIVE AGENT, THE CO-SYNDICATION AGENTS AND EACH LENDER SHALL RETAIN ALL RIGHTS ARISING UNDER FEDERAL LAW.

(b) SUBMISSION TO JURISDICTION. PURSUANT TO SECTION 5-1402 OF THE NEW YORK GENERAL OBLIGATION LAW, THE BORROWER AND EACH OTHER CREDIT PARTY IRREVOCABLY AND UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE NONEXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK AND OF THE UNITED STATES FOR THE SOUTHERN DISTRICT OF NEW YORK, AND ANY APPELLATE COURT FROM ANY THEREOF, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT, OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW YORK STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN SUCH FEDERAL COURT. EACH OF THE PARTIES HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. NOTHING IN THIS AGREEMENT OR IN ANY OTHER LOAN DOCUMENT SHALL AFFECT ANY RIGHT THAT THE ADMINISTRATIVE AGENT, ANY LENDER OR THE L/C ISSUER MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AGAINST THE BORROWER OR ANY OTHER CREDIT PARTY OR ITS PROPERTIES IN THE COURTS OF ANY JURISDICTION.

(i) WAIVER OF VENUE. THE BORROWER AND EACH OTHER CREDIT PARTY IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT IN ANY COURT REFERRED TO IN PARAGRAPH (B) OF THIS SECTION. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING IN ANY SUCH COURT.

(ii) SERVICE OF PROCESS. EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN SECTION 10.02. NOTHING IN THIS AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW.

10.15 WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION.

10.16 Effectiveness.

(a) This Agreement shall become effective on the date (the "Effective Date") on which (i) each Parent Guarantor, the Borrower, the Administrative Agent, the L/C Issuer, the Co-Syndication Agents, and each Lender shall have signed a counterpart hereof (whether the same or different counterparts) and shall have delivered (including by way of facsimile device) the same to the Administrative Agent at the Administrative Agent's Office and (ii) the conditions contained in Sections 4.01 and 4.02 shall have been satisfied or deemed satisfied pursuant to Section 4.02 (or waived by the Majority Lenders, or to the extent required by Section 10.01, all the Lenders). Unless the Administrative Agent has received actual notice from any Lender that the conditions contained in Sections 4.01 and 4.02 have not been met to its satisfaction in accordance with Section 4.02, upon the satisfaction of the condition described in clause (i) of the immediately preceding sentence and upon the Administrative Agent's good faith determination that the conditions described in clause (ii) of the immediately preceding sentence have been met, then the Effective Date shall have been deemed to have occurred, regardless of any subsequent determination that one or more of the conditions thereto had not been met (although the occurrence of the Effective Date shall not release any Parent Guarantor or the Borrower from any liability for failure to satisfy one or more of the applicable conditions contained in Sections 4.01 and 4.02).

(b) This Agreement constitutes an amendment, restatement and extension of the Existing Nexstar Credit Agreement and as such supersedes the Existing Nexstar Credit Agreement in its entirety; provided, however, that in no event shall the Liens or Guaranty Agreements securing the Existing Nexstar Credit Agreement or the obligations thereunder be deemed affected hereby, it being the intent and agreement of the Ultimate Parent, the Borrower and the Subsidiaries of the Ultimate Parent parties hereto that the Guaranty Agreements and the Liens on the Collateral granted to secure the obligations of the Ultimate Parent, the Borrower and the Subsidiaries of the Ultimate Parent in connection with the Existing Nexstar Credit Agreement and/or the Guaranty Agreements, shall not be extinguished and shall remain valid, binding and enforceable securing the obligations under the Existing Nexstar Credit Agreement as amended and restated hereby.

(c) Each of the Lenders hereby consents to amendments to each of the Security Documents and the Guaranty Agreements to conform the definitions and references set forth therein to the applicable definitions and references set forth in this Agreement. Each of the Lenders hereby authorizes the Collateral Agent and the Administrative Agent to execute and deliver the Confirmation Agreements on behalf of the Lenders with respect to each of the Security Documents and each of the Guaranty Agreements.

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10.17 USA Patriot Act Notice. Each Lender and the Administrative Agent (for itself and not on behalf of any Lender) hereby notified the Borrower that pursuant to the requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the "Act"), it is required to obtain, verify and record information that identifies the Borrower, which information includes the name and address of the Borrower and other information that will allow such Lender or the Administrative Agent, as applicable, to identify the Borrower in accordance with the Act.

10.18 Termination. The Parent Guarantors and the Borrower agree, and will cause their respective Subsidiaries and the other Nexstar Entities to agree, that the Borrower's and each other Nexstar Entity's obligations under this Agreement and the other Loan Documents (including, without limitation the Borrower's and each Nexstar Entity's obligations under Articles VI and VII) will not terminate (irrespective of any repayment in full or reduction of the Aggregate Revolving Commitment to zero or termination of the Aggregate Revolving Commitment) until the concurrent repayment in full of all "Obligations" as defined in the Mission Credit Agreement and the termination of the Mission Commitment. All of the Borrower's and each Nexstar Entity's obligations under this Section 10.18 shall survive the termination of the Aggregate Revolving Commitment, termination of this Agreement and repayment of the Obligations.

10.19 Additional Mandatory Prepayments. In addition to those mandatory prepayments required under Section 2.06, and notwithstanding anything in Section 2.06 or otherwise herein or in any other Loan Document to the contrary, the Borrower shall make such additional mandatory prepayments as required to fully comply with each of the provisions set forth below:

(a) Excess Outstandings.

(i) If on any date the aggregate unpaid principal amount of outstanding Revolving Loans made under the Revolving Commitments, plus the outstanding L/C Obligations (to the extent not Cash Collateralized pursuant to clause (ii) below or as provided for in Section 2.03(g)) exceeds the Aggregate Revolving Commitment, then the Borrower shall immediately prepay the amount of such excess. Any payments on Revolving Loans made under the Revolving Commitments pursuant to this Section 10.19(a)(i) shall be applied pro rata among the Lenders with Revolving Commitments.

(b) Dispositions.

(i) If on any date any Nexstar Entity shall make any Disposition, an amount equal to 100% of the Net Cash Proceeds from such Disposition shall be applied on such date to prepay outstanding principal of the Term B Loans and the Revolving Loans on a pro rata basis among such Loans (with a corresponding reduction in the Aggregate Revolving Commitment in the amount of such amount applied to prepay the Revolving Loans), provided that (A) with respect to no more than $500,000 in the aggregate of Net Cash Proceeds received in any Fiscal Year, the Net Cash Proceeds therefrom shall not be required to be so applied if no Default then exists, (B) with respect to assets not constituting real estate (I) that are obsolete or no longer used or useful in the business, (II) that are Disposed of in the ordinary course of business of such Nexstar Entity and (III) the Net Cash Proceeds of any such Disposition of which are reinvested to replace such Disposed assets with like assets within 90 days of such Disposition, then, so long as there exists no Default at the time of such Disposition and the aggregate amount of all such Dispositions does not exceed $250,000 in any Fiscal Year in the aggregate for all Nexstar Entities, the Borrower shall not be required to repay such Net Cash Proceeds and (C) any portion of such Net Cash Proceeds which the Borrower determines in good faith should be reserved for post-closing adjustments or liabilities (as set forth in a certificate of the Borrower executed on its behalf by a Responsible Officer of the Borrower and delivered to the Administrative Agent with the amount of such cash proceeds to be held by the Administrative Agent in accordance with the terms of Section 10.19(l)) shall not be required to be used as a prepayment on the date received, it being understood and agreed that on the day all such post-closing adjustments and liabilities have been determined, the amount (if any) by which the reserved amount of the Net Cash Proceeds of such Disposition exceeds the actual post-closing adjustments or liabilities payable by any Nexstar Entity shall be used to make an immediate mandatory prepayment on such day.

(ii) Nothing in this Section 10.19(b) or otherwise shall be deemed to permit any Disposition not otherwise permitted under this Agreement.

(c) Promptly upon the receipt by any Nexstar Entity of the proceeds from any Recovery Event or other Extraordinary Receipts, an amount equal to 100% of the proceeds of such Recovery Event or other Extraordinary Receipts (net of reasonable costs including, without limitation, legal costs and expenses and taxes incurred in connection with such Recovery Event or other Extraordinary Receipt and the collection of the proceeds thereof) shall be applied to prepay outstanding principal of the Term B Loans and the Revolving Loans on a pro rata basis among such Loans (with a corresponding reduction in the Aggregate Revolving Commitment in the amount of such amount applied to prepay the Revolving Loans); provided that so long as no Default then exists, this requirement for mandatory prepayment shall be reduced by the amount of such Extraordinary Receipts constituting casualty insurance proceeds that are (1) equal to amounts spent by the Borrower towards the replacement or restoration of the assets that caused such Extraordinary Receipts prior to receipt of such Extraordinary Receipts (which the Borrower may retain provided the Borrower delivers documentation satisfactory to the Administrative Agent of such amounts spent) or (2) delivered to the Administrative Agent in accordance with the terms of Section 10.19(l), and that are applied to the replacement or restoration of the assets subject to such Recovery Event on or before the 180th day after the related Recovery Event (or such longer period agreed to by the Administrative Agent).

(d)

(i) On December 29, 2009, an amount equal to 75% of the Initial Excess Cash Flow of the Borrower for the period from January 1, 2009 through and including September 30, 2009 shall be applied to prepay outstanding principal of the Term B Loans and the Revolving Loans on a pro rata basis among such Loans (with a corresponding reduction in the Aggregate Revolving Commitment in the amount of such prepayment of Revolving Loans).

(ii) On each date which is 45 days after the last day of each Fiscal Quarter of the Borrower commencing with the Fiscal Quarter ending on December 31, 2009, an amount equal to 80% of the Excess Cash Flow of the Borrower for such Fiscal Quarter shall be applied to prepay outstanding principal of the Term B Loans and the Revolving Loans on a pro rata basis among such Loans (with a corresponding reduction in the Aggregate Revolving Commitment in the amount of such prepayment of Revolving Loans).

(e) Promptly upon the receipt by any Nexstar Entity of Net Issuance Proceeds from any sale or issuance of Capital Stock, capital contribution or other equity contribution, the Borrower shall prepay outstanding principal of the Term B Loans and the Revolving Loans, on a pro rata basis among such Loans (with a corresponding reduction in the Aggregate Revolving Commitment in the amount of such prepayment of Revolving Loans), in an amount equal to 100% of such Net Issuance Proceeds, provided that, notwithstanding the foregoing, so long as (i) no Default exists on the date of such issuance, (ii) such proceeds are delivered to the Administrative Agent to be held by the Administrative Agent in accordance with the terms of Section 10.19(l), (iii) the Borrower delivers a certificate of a Responsible Officer certifying that there exists no Default prior to or after giving effect to any such use, and (iv) if such proceeds are not used timely or if at any time the Borrower fails to continue to pursue such purchase or redemption in good faith, such proceeds shall be used immediately to prepay the outstanding principal of the Term B Loans and the Revolving Loans, on a pro rata basis among such Loans (with a corresponding reduction in the Aggregate Revolving Commitment in the amount of such prepayment of Revolving Loans), then the amount of the prepayments required to be made under this Section 10.19(e) shall be reduced by up to 50% of such Net Issuance Proceeds, but only to the extent such Net Issuance Proceeds are used within 120 days after receipt thereof to redeem, repurchase or prepay any of the Unsecured Notes in accordance with the terms of Section 7.16(b), and provided further that during the existence of a Default, the Borrower shall prepay outstanding principal of the Term B Loans and the Revolving Loans, on a pro rata basis among such Loans, in an amount equal to 100% of such Net Issuance Proceeds (with a corresponding reduction in the Aggregate Revolving Commitment in the amount of such prepayment of Revolving Loans).

(f) If on any date any Nexstar Entity shall incur or issue any Indebtedness (other than Indebtedness permitted to be incurred under Sections 7.05(m), (n), (o), (p), (q) and (r)), then on each such date of incurrence or issuance an amount equal to 100% of the amount of the Net Debt Proceeds received with respect to such Indebtedness shall be applied to prepay outstanding principal of the Term B Loans and the Revolving Loans, on a pro rata basis among such Loans (with a corresponding reduction in the Aggregate Revolving Commitment in the amount of such prepayment of Revolving Loans).

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(g) If on any day after the Second Amendment Effective Date the sum of cash and Cash Equivalents of the Nexstar Entities together with the cash and Cash Equivalents of the Mission Entities aggregate among all such entities in excess of $15,000,000 or more, then the Borrower or the Mission Entities shall apply such amounts in excess of $15,000,000 on the following day to prepay the outstanding principal of Loans and/or Mission Loans, at the Borrower's election, such that the aggregate cash and Cash Equivalents of the Nexstar Entities and the Mission Entities shall not exceed $15,000,000 (applied as to (1) Loans, among the Term B Loans and Revolving Loans on a pro rata basis among such Loans, with a corresponding reduction in the Aggregate Revolving Commitment in the amount of such amount applied to prepay the Revolving Loans and (2) Mission Loans, among the "Term B Loans" and "Revolving Loans" (as each is defined in the Mission Credit Agreement) on a pro rata basis among such loans, with a corresponding reduction in the "Aggregate Revolving Commitment" (as defined in the Mission Credit Agreement) in the amount of such amount applied to prepay the "Revolving Loans"), provided that, notwithstanding the foregoing, if there exists no Default on such day or the following day, such amounts shall be applied to prepay either or both of (x) the Revolving Loans and will not result in a reduction in the Aggregate Revolving Commitment and (y) the "Revolving Loans" (as defined in the Mission Credit Agreement) and will not result in a reduction in the "Aggregate Revolving Commitment" (as defined in the Mission Credit Agreement).

(h) The Borrower shall pay, together with each prepayment under this Section 10.19, accrued interest on the amount prepaid and any amounts required pursuant to Section 3.05; provided that interest to be paid in connection with any such prepayment of Base Rate Loans (other than a prepayment in full) shall instead be paid on the next occurring Interest Payment Date.

(i) Any prepayments pursuant to this Section 10.19 made on a day other than an Interest Payment Date for any Loan shall be applied first to any Base Rate Loans then outstanding and then to Eurodollar Loans with the shortest Interest Periods remaining.

(j) Any prepayment of Term B Loans pursuant to this Section 10.19 shall be applied to the remaining scheduled installments of Term B Loans to be made pursuant to Section 2.07(a), pro rata (based on the then remaining amounts of such remaining installments).

(k) Notwithstanding anything to the contrary contained in this Section 10.19, any Term B Lender may elect, by delivering written notice to the Administrative Agent prior to the receipt thereof, not to receive its pro rata portion of any mandatory prepayment that would otherwise be payable to such Term B Lender pursuant to this Section 10.19, whereupon such portion shall be reallocated to prepay the outstanding principal amount of all Term B Loans and Revolving Loans other than the Term B Loans held by such Term B Lender and any other Term B Lender that has elected not to receive its pro rata portion of such mandatory prepayment, on a pro rata basis among such Loans.

(l) Each Nexstar Entity, as applicable and required in Sections 10.19(b), (c) and (e) above and otherwise by the terms of this Agreement, shall deliver to the Administrative Agent, promptly upon receipt thereof, all Net Cash Proceeds, Extraordinary Receipts and Net Issuance Proceeds that (i) may be applied to or used to replace, rebuild or repair, in the case of Extraordinary Receipts constituting casualty insurance, (ii) the Borrower determines in good faith should be reserved for post-closing adjustments or liabilities in connection with Dispositions or (iii) may be used to redeem Unsecured Notes, in each case only as permitted by Sections 10.19(b), (c) or (e), to be held as cash collateral securing the Obligations in a Cash Collateral Account pending such use or application as a prepayment.

(m) In the event that any provision of this Section 10.19 conflicts with any provision of Section 2.06, this Section 10.19 shall control in all cases.

10.20 ENTIRE AGREEMENT. THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT AMONG THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS AMONG THE PARTIES.

10.21 No Advisory or Fiduciary Responsibility. In connection with all aspects of each transaction contemplated hereby (including in connection with any amendment, waiver or other modification hereof or of any other Loan Document), the Borrower acknowledges and agrees, and acknowledges its Subsidiaries', Parent Guarantors' and Affiliates’ understanding, that: (i) (A) the arranging and other services regarding this Agreement provided by the Agents are arm’s-length commercial transactions between the Borrower its Subsidiaries', Parent Guarantors' and its Affiliates, on the one hand, and the Administrative Agent and the Agents, on the other hand, (B) the Borrower has consulted its own legal, accounting, regulatory and tax advisors to the extent it has deemed appropriate, and (C) the Borrower is capable of evaluating, and understands and accepts, the terms, risks and conditions of the transactions contemplated hereby and by the other Loan Documents; (ii) (A) each of the Administrative Agent and the other Agents is and has been acting solely as a principal and, except as expressly agreed in writing by the relevant parties, has not been, is not, and will not be acting as an advisor, agent or fiduciary for the Borrower, any of its Subsidiaries', Parent Guarantors' or any of its Affiliates, or any other Person and (B) neither the Administrative Agent nor any of the other Agents has any obligation to the Borrower, any of its Subsidiaries', Parent Guarantors' or any of its Affiliates with respect to the transactions contemplated hereby except those obligations expressly set forth herein and in the other Loan Documents; and (iii) the Administrative Agent and the other Agents and their respective Affiliates may be engaged in a broad range of transactions that involve interests that differ from those of the Borrower, any of its Subsidiaries', Parent Guarantors' and its Affiliates, and neither the Administrative Agent nor any of the other Agents has any obligation to disclose any of such interests to the Borrower, any of its Subsidiaries', Parent Guarantors' or its Affiliates. To the fullest extent permitted by law, the Borrower hereby waives and releases any claims that it may have against the Administrative Agent and the other Agents with respect to any breach or alleged breach of agency or fiduciary duty in connection with any aspect of any transaction contemplated hereby.

10.22 Time of the Essence. Time is of the essence in the Loan Documents.

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IN WITNESS WHEREOF, the parties hereto have caused this Fourth Amended and Restated Credit Agreement to be duly executed and delivered by their proper and duly authorized officers as of the day and year first above written.

BORROWER:

NEXSTAR BROADCASTING, INC.

By:

Name:

Title:

Address:

5215 N. O'Connor Blvd., Suite 1400

Irving, TX 75039

Telephone: (972) 373-8800

Facsimile: (972) 373-8888

Attention: Perry Sook

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PARENT GUARANTORS:

NEXSTAR BROADCASTING GROUP, INC.

NEXSTAR FINANCE HOLDINGS, INC.

By:

Name:

Title:

Address:

5215 N. O'Connor Blvd., Suite 1400

Irving, TX 75039

Telephone: (972) 373-8800

Facsimile: (972) 373-8888

Attention: Perry Sook

5432462v.2 25690/684

ADMINISTRATIVE AGENT, CO-SYNDICATION AGENTS, L/C ISSUER AND LENDERS:

BANK OF AMERICA, N.A.,

as Administrative Agent, as L/C Issuer

and as a Lender

By:

Name:

Title:

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Annex II

[See Attached]

SCHEDULE 1.01A

NEXSTAR/MISSION AGREEMENTS

KAMC

Shared Services Agreement dated as of February 16, 1999, by and between VHR Broadcasting of Lubbock, Inc. and Quorum Broadcasting of Texas, Inc., as amended by those certain amendments dated April 1999, December 30, 2003, November 16, 2004 and December 30, 2005, as extended by letter agreement on February 2, 2009; expires February 15, 2019.

Agreement for the Sale of Commercial Time dated as February 16, 1999, by and between VHR Broadcasting of Lubbock, Inc. and Quorum Broadcasting of Texas, Inc., as amended by those certain amendments dated April 1999 and December 30, 2003, as extended by letter agreement on February 2, 2009; expires February 15, 2019.

Option Agreement dated as of December 30, 2003 by and among Mission Broadcasting, Inc., David Smith and Nexstar Broadcasting, Inc; expires December 30, 2012.

KCIT/KCPN

Shared Services Agreement dated as of May 1, 1999, by and between Mission Broadcasting of Amarillo, Inc. and Quorum Broadcasting of Amarillo, LLC, as amended by those certain amendments December 30, 2003 and December 30, 2005, as extended by letter agreement on May 13, 2009; expires April 30, 2019.

Agreement for the Sale of Commercial Time dated as May 1, 1999, by and between Mission Broadcasting of Amarillo, Inc. and Quorum Broadcasting of Amarillo, LLC, as amended by that certain amendment dated December 30, 2005, as extended by letter agreement on May 13, 2009; expires April 30, 2019.

Option Agreement dated as of May 1, 1999 by and among Mission Broadcasting of Amarillo, Inc., David Smith and Quorum Broadcasting of Amarillo, LLC, as amended by that certain amendment dated as of March 16, 2009 by and among Mission Broadcasting, Inc. as successor-in-interest to Mission Broadcasting of Amarillo, Inc., David Smith and Nexstar Broadcasting, Inc. as successor-in-interest to Quorum Broadcasting of Amarillo, LLC; expires May 1, 2018.

KFTA

Time Brokerage Agreement dated as of August 25, 2006 by and between Nexstar Broadcasting, Inc. and Mission Broadcasting, Inc., as amended by that certain amendment dated as of March 31, 2008; terminates on Closing of sale of KFTA to Mission or if earlier terminated by the parties.

KHMT

Time Brokerage Agreement dated as of December 14, 1994 by and between Big Horn Communications, Inc. and National Indian Media Foundation, as amended June 20, 2000 by an amendment between Quorum Broadcasting of Montana, LLC, as successor-in-interest to Big Horn Communications, Inc., and Wolf Mountain Broadcasting, Inc. (f/k/a National Indian Media Foundation) as further amended on January 23, 2002 by an amendment between Quorum Broadcasting of Montana, LLC and VHR Broadcasting of Billings, LLC as successor-in-interest to Wolf Mountain Broadcasting, Inc., as extended by letter agreement dated June 1, 2004; expires December 14, 2009.

Option Agreement dated as of December 30, 2003 by and among Mission Broadcasting, Inc., David Smith and Nexstar Broadcasting, Inc; expires December 30, 2012.

KJTL/KJBO

Shared Services Agreement dated as of June 1, 1999 by and between Mission Broadcasting of Wichita Falls, Inc. and Nexstar Broadcasting of Wichita Falls, L.P., as amended by those certain amendments dated January 1, 2004 and December 30, 2005, as extended by letter agreement dated May 13, 2009; expires May 31, 2019.

Agreement for the Sale of Commercial Time dated as of June 1, 1999 by and between Mission Broadcasting of Wichita Falls, Inc. and Nexstar Broadcasting of Wichita Falls, L.P., as amended by that certain amendment dated January 1, 2004, as extended by letter agreement dated May 13, 2009; expires May 31, 2019.

Option Agreement dated as of June 1, 1999 by and among Mission Broadcasting of Wichita Falls, Inc., David Smith and Nexstar Broadcasting of Wichita Falls, L.P., as amended by that certain amendment dated as of February 10, 2009 by and among Mission Broadcasting, Inc. as successor-in-interest to Mission Broadcasting of Wichita Falls, Inc., David Smith and Nexstar Broadcasting, Inc. as successor-in-interest to Nexstar Broadcasting of Wichita Falls, L.P.; expires June 1, 2018.

KODE

Shared Services Agreement dated as of April 1, 2002 by and between Mission Broadcasting of Joplin, Inc. and Nexstar Broadcasting of Joplin, L.L.C., as amended by those certain amendments dated November 16, 2004 and December 30, 2005; expires March 31, 2012.

Agreement for the Sale of Commercial Time dated as of June 20, 2002 by and between Mission Broadcasting of Joplin, Inc. and Nexstar Broadcasting of Joplin, L.L.C., as amended and made effective on October 1, 2004; expires September 30, 2014.

Option Agreement dated as of April 24, 2002 by and among Mission Broadcasting, Inc., David Smith and Nexstar Broadcasting, Inc; expires April 24, 2011.

KOLR

Shared Services Agreement dated as of February 16, 1999, by and between VHR Broadcasting of Springfield, Inc. and Quorum Broadcasting of Missouri, Inc., as amended by those certain amendments dated February 16, 1999 and December 30, 2003, as extended by letter agreement on February 2, 2009; expires February 15, 2019.

Agreement for the Sale of Commercial Time dated as February 16, 1999, by and between VHR Broadcasting of Springfield, Inc. and Quorum Broadcasting of Missouri, Inc., as amended by those certain amendments dated February 16, 1999 and December 30, 2003, as extended by letter agreement on February 2, 2009; expires February 15, 2019.

Option Agreement dated as of December 30, 2003 by and among Mission Broadcasting, Inc., David Smith and Nexstar Broadcasting, Inc.; expires December 30, 2012.

KRBC

Shared Services Agreement dated as of June 13, 2003 by and between Mission Broadcasting, Inc. and Nexstar Broadcasting of Abilene, L.L.C., as amended by those certain amendments dated June 1, 2004 and December 30, 2005; expires June 12, 2013.

Agreement for the Sale of Commercial Time dated as of June 13, 2003 by and between Mission Broadcasting, Inc. and Nexstar Broadcasting of Abilene, L.L.C., as amended on June 1, 2004; expires June 30, 2014.

Option Agreement dated as of June 13, 2003 by and among Mission Broadcasting, Inc., David Smith and Nexstar Broadcasting of Abilene, L.L.C.; expires June 13, 2012.

KSAN

Shared Services Agreement dated as of June 1, 2014 by and between Mission Broadcasting, Inc and Nexstar Broadcasting, Inc. as amended by that certain amendment dated December 30, 2005; expires May 31, 2014.

Agreement for the Sale of Commercial Time dated as of June 1, 2014 by and between Mission Broadcasting, Inc and Nexstar Broadcasting, Inc.; expires May 31, 2014.

Option Agreement dated as of June 13, 2003 by and among Mission Broadcasting, Inc., David Smith and Nexstar Broadcasting of Abilene, L.L.C.; expires June 13, 2012.

KTVE

Shared Services Agreement dated as of January 16, 2008 by and between Mission Broadcasting, Inc. and Nexstar Broadcasting, Inc.; expires January 15, 2018.

Agreement for the Sale of Commercial Time dated as of January 16, 2008 by and between Mission Broadcasting, Inc. and Nexstar Broadcasting, Inc.; expires January 15, 2008.

Option Agreement dated as of January 16, 2008 by and among Mission Broadcasting, Inc., David Smith and Nexstar Broadcasting, Inc.; expires January 16, 2017.

WFXP

Time Brokerage Agreement dated as of April 1, 1996 by and between SJL Communications, L.P. and NV Acquisition Co., as amended by those certain amendments dated April 30, 1996, August 16, 1996, July 31, 1998 and July 17, 2006; expires August 16, 2011.

Option Agreement dated as of December 1, 2005 by and among Mission Broadcasting, Inc., David Smith and Nexstar Broadcasting, Inc.; expires December 1, 2014.

WFXW

Shared Services Agreement dated as of May 9, 2003 by and between Mission Broadcasting, Inc. and Nexstar Broadcasting of the Midwest, Inc., as amended by those certain amendments dated January 13, 2004 and November 16, 2004; expires May 8, 2013.

Agreement for the Sale of Commercial Time by and between Mission Broadcasting, Inc. and Nexstar Broadcasting of the Midwest, Inc., as amended by that certain amendment dated January 13, 2004; expires May 8, 2013.

Option Agreement dated as of May 9, 2003 by and among Mission Broadcasting, Inc., David Smith and Nexstar Broadcasting of the Midwest, Inc.; expires May 9 2012.

WTVO

Shared Services Agreement dated as of November 1, 2004 by and between Mission Broadcasting and Nexstar Broadcasting as amended by that certain amendment dated December 30, 2005; expires October 31, 2014.

Agreement for the Sale of Commercial Time dated as of November 1, 2004 by and between Mission Broadcasting and Nexstar Broadcasting, Inc.; expires October 31, 2014.

Option Agreement dated as of November 1, 2004 by and among Mission Broadcasting, Inc., David Smith and Nexstar Broadcasting, Inc.; expires November 1, 2013.

WUTR

Shared Services Agreement dated as of April 1, 2004 by and between Mission Broadcasting, Inc. and Nexstar Broadcasting, Inc.; expires March 31, 2014.

Agreement for the Sale of Commercial Time dated as of April 1, 2004 by and between Mission Broadcasting, Inc. and Nexstar Broadcasting, Inc.; expires March 31, 2014.

Option Agreement dated as of April 1, 2004 by and among Mission Broadcasting, Inc., David Smith and Nexstar Broadcasting, Inc.; expires April 1, 2013.

WYOU

Shared Services Agreement dated as of January 5, 1998 by and between Bastet Broadcasting, Inc. and Nexstar Broadcasting of Northeastern Pennsylvania, L.P., as amended by those certain amendments dated as of November 16, 2004, December 30, 2005 and April 1, 2009; expires .

Agreement for the Sale of Commercial Time dated as of June 30, 2003 by and between Mission Broadcasting, Inc. and Nexstar Broadcasting of Northeastern Pennsylvania, L.L.C., as amended by that certain amendment dated as of October 1, 2004; expires September 30, 2014.

Option Agreement dated as of May 19, 1998 by and among Bastet Broadcasting, Inc., David Smith and Nexstar Broadcasting of Northeastern Pennsylvania, L.P. as amended on February 10, 2009 by that certain amendment by Mission Broadcasting, Inc. as successor-in-interest to Bastet Broadcasting, Inc., David Smith and Nexstar Broadcasting, Inc. as successor-in-interest to Nexstar Broadcasting of Northeastern Pennsylvania, L.P.; expires May 19, 2018.

SCHEDULE 1.01(B)

PRO FORMA ADJUSTMENTS TO CONSOLIDATED OPERATING CASH FLOW

See Attached.

SCHEDULE 1.01(C)

PERMITTED REVOLVER REALLOCATION

SCHEDULE 2.01

COMMITMENTS

SCHEDULE 5.07

ERISA COMPLIANCE

None.

SCHEDULE 5.09

MORTGAGED PROPERTIES2

OWNED PROPERTY

Station Metropolitan Area in Use		Station Identifier	Percent Ownership	Address	County	Title Holder
NEXSTAR BROADCASTING, INC.
WBRE—Wilkes Barre-Scranton, PA
Sec.30.	Office-Studio-	PA 1	100% Owned	52-62 Franklin Street	Luzerne (Wilkes-Barre)	Nexstar Broadcasting, Inc.
Sec.31.	Tower/Transmitter Site—Williamsport (Translator Station)	PA 2	33% Owned -(33% owned by WYOU)	Loyalsock Township	Lycoming	Nexstar Broadcasting, Inc., as to 33% ownership
Sec.32.	Tower/Transmitter Site—Sharp Mountain (Translator Station)	PA 3	33% Owned -(33% owned by WYOU)	Pottsville	Schuylkill	Nexstar Broadcasting, Inc., as to 33% ownership
Sec.33.	Tower/Transmitter Site—Blue Mountain (Translator Station)	PA 4	100% Owned	Hanover Township	Luzerne (Penobscot Mountain)	Nexstar Broadcasting, Inc.
Sec.34.	Main Tower/Transmitter Site—Penobscot Mountain	PA 5	100% Owned	Township of Washington and Township of East Penn	Lehigh and Carbon	Nexstar Broadcasting, Inc.
WJET—Erie, PA
Sec.35.	Office -Studio; Tower/Transmitter Site	PA 6	100% Owned	8455 Peach Street	Erie	Nexstar Broadcasting, Inc.
WTAJ—Altoona-Johnstown, PA
Sec.36.	Tower/Transmitter Site	PA 7	100% Owned	Wopsononock Mountain (Blair County, Logan Township)	Blair	Nexstar Broadcasting, Inc.
KARK—Little Rock-Pine Bluff, AR
Sec.37.	Tower/Transmitter Site	AR 1	100% Owned	13 miles NW of Little Rock	Little Rock	Nexstar Broadcasting, Inc.
KFTA/KNWA—Fort Smith-Fayetteville-Springdale-Rogers, AR
Sec.38.	KFTA Tower/Transmitter Site	AR 2	100% Owned	19209 Cartwright Mountain Road	Crawford	Nexstar Broadcasting, Inc.
Sec.39.	KFTA Microwave Relay Site	AR 3	100% Owned		Crawford	Nexstar Broadcasting, Inc.
KTAL—Shreveport, LA
Sec.40.	Office-Studio; Transmitter/Tower Site	LA 1	100% Owned	Old Atlanta Road	Caddo Parish	Nexstar Broadcasting, Inc.
Sec.41.	Office-Studio	LA 2	100% Owned	3150 North Market	Caddo Parish	Nexstar Broadcasting, Inc.
Sec.42.	Equipment Building—Texarkana	TX 13	100% Owned	College Drive	Bowie	Nexstar Broadcasting, Inc.
KARD—Monroe, LA
Sec.43.	Office-Studio	LA 4	100% Owned	200 Pavilion Road	Ouachita Parish	Nexstar Broadcasting, Inc.
WROC—Rochester, NY
Sec.44.	Office-Studio	NY 1	100% Owned	201 Humboldt Street	Monroe	Nexstar Broadcasting, Inc.
Sec.45.	Tower/Transmitter Site	NY 2	100% Owned	Town of Brighton	Monroe	Nexstar Broadcasting, Inc.
Sec.46.	Tower/Transmitter Site	NY 3	50% Owned	Pinnacle Hill Town of Brighton	Monroe	Nexstar Broadcasting, Inc., as to 50% ownership
WFXV—Utica, NY
Sec.47.	Tower/Transmitter Site—Burlington Flats (Translator Station)	NY 4	100% Owned	Klock Hill Road	Otsego	Nexstar Broadcasting, Inc.
WCIA/WCFN—Champaign-Springfield-Decatur, IL
Sec.48.	Office-Studio	IL 1	100% Owned	509 South Neil Street	Champaign	Nexstar Broadcasting, Inc.
Sec.49.	Tower/Transmitter Site - WCIA Main Tower	IL 2	100% Owned	State Hwy 10- 10 miles west of Champaign	Champaign	Nexstar Broadcasting, Inc.
Sec.50.	Tower/Transmitter Site—Springfield Tower	IL 3	100% Owned		LaSalle	Nexstar Broadcasting, Inc.
Sec.51.	Tower/Transmitter Site—Dewitt Tower	IL 4	100% Owned		Dewitt	Nexstar Broadcasting, Inc.
Sec.52.	Tower/Transmitter Site—WCFN Logan Tower	IL 8	100% Owned		Logan	Nexstar Broadcasting, Inc.
Sec.53.	Tower/Transmitter Site—WCFN Sangamon Tower	IL 9	100% Owned	Approx 7 miles east of city center	Sangamon	Nexstar Broadcasting, Inc.
WMBD—Peoria-Bloomington, IL
Sec.54.	Office-Studio	IL 5	100% Owned	3131 N. University Street	Peoria	Nexstar Broadcasting, Inc.
Sec.55.	Tower/Transmitter Site-Tazwell Tower	IL 6	100% Owned	5 miles SE of Peoria	Tazwell	Nexstar Broadcasting, Inc.
KBTV—Beaumont-Port Arthur, TX
Sec.56.	Tower/Transmitter Site	TX 1	100% Owned	2.4 miles south off Highway 12 in Vidor	Orange	Nexstar Broadcasting, Inc.
KFDX—Wichita Falls, TX—Lawton, OK
Sec.57.	Office-Studio—Tower/Transmitter Site	TX 2	100% Owned	4500 Seymour Hwy	Wichita	Nexstar Broadcasting, Inc.
KMID—Odessa-Midland, TX
Sec.58.	Office-Studio	TX 3	100% Owned	3200 La Force Blvd	Midland	Nexstar Broadcasting, Inc.
Sec.59.	Old Main Tower/Transmitter Site (No longer in use by Nexstar)	TX 4	100% Owned		Midland, Ector, Andrews	Nexstar Broadcasting, Inc.
Sec.60.	Translator Tower/Transmitter Site	TX 5	100% Owned		Midland	Nexstar Broadcasting, Inc.
KTAB—Abilene-Sweetwater, TX
Sec.61.	Tower/Transmitter Site	TX 6	100% Owned	Intersection of 23 KMSE Abilene, TX, 0.9 KMSE and TX 36 and FM 1178	Callahan/Taylor	Nexstar Broadcasting, Inc.
KLST—San Angelo, TX
Sec.62.	Office-Studio	TX 7	100% Owned	2800 Armstrong Street	Tom Green/Concho	Nexstar Broadcasting, Inc.
Sec.63.	Tower/Transmitter Site	TX 8	100% Owned		Tom Green/Conhco	Nexstar Broadcasting, Inc.
KAMR—Amarillo, TX
Sec.64.	Office-Studio	TX 9	100% Owned	1015 South Fillmore Street	Potter	Nexstar Broadcasting, Inc.
KLBK—Lubbock, TX
Sec.65.	Office-Studio	TX 10	100% Owned	7403 S. University	Lubbock	Nexstar Broadcasting, Inc.
KSNF—Joplin, MO-Pittsburg, KS
Sec.66.	Office-Studio and Tower	MO 1	100% Owned	Cleveland Ave	Jasper	Nexstar Broadcasting, Inc.
KQTV—St. Joseph, MO
Sec.67.	Office-Studio; Tower/Transmitter Site	MO 2	100% Owned	4000 Faraon Street	Buchanan	Nexstar Broadcasting, Inc.
WDHN—Dothan, AL
Sec.68.	Office-Studio—Tower/Transmitter Site	AL 1	100% Owned	5274 State Hwy 52 East	Houston	Nexstar Broadcasting, Inc.
WTWO—Terre Haute, IN
Sec.69.	Office-Studio—Tower/Transmitter Site	IN 1	100% Owned	10849 N. US Hwy 41	Sullivan	Nexstar Broadcasting, Inc.
WTVW—Evansville, IN
Sec.70.	Office-Studio	IN 2	100% Owned	477 Carpenter Street	Vanderburgh	Nexstar Broadcasting, Inc.
WFFT—Fort Wayne, IN
Sec.71.	Office-Studio	IN 3	100% Owned	3707 Hillegas Road	Allen	Nexstar Broadcasting, Inc.
KSVI—Billings, MT
Sec.72.	Office-Studio	MT 1	100% Owned	445 South 24th Street, Valleny View	Yellow-stone	Nexstar Broadcasting, Inc.
WCWJ—Jacksonville, FL
Sec.73.	Office-Studio; Tower/Transmitter Site	FL 1	100% Owned	9117 Hogan Road	Duval	Nexstar Broadcasting, Inc.

2 Properties not to be mortgaged will be indicated with an asterisk (*).

OWNED PROPERTY

Station Metropolitan Area in Use		Station Identifier	Percent Ownership	Address	County	Title Holder
MISSION BROADCASTING, INC.
WYOU—Wilkes Barre-Scranton, PA
Sec.74.	Main Tower/Transmitter Site—Penobscot Mountain	PA8	100% Owned	Township of Washington and Township of East Penn	Lehigh and Carbon	Mission Broadcasting, Inc.
Sec.75.	Tower/Transmitter Site—Bald Mountain (Translator Station)	PA9	100% Owned			Mission Broadcasting, Inc.
Sec.76.	Tower/Transmitter Site—Williamsport (Translator Station)	PA 2	33% Owned (33% owned by WBRE)	Loyalsock Township	Lycoming	Mission Broadcasting, Inc.
Sec.77.	Tower/Transmitter Site—Sharp Mountain (Translator Station)	PA 3	33% Owned (33% owned by WBRE)	Pottsville	Schuykill	Mission Broadcasting, Inc.
WFXW—Terre Haute, IN
Sec.78.	Tower/Transmitter Site	IN 4	100% Owned	W OF US HWY 41 APPROX 1 MI SW	Sullivan	Mission Broadcasting, Inc.
KODE—Joplin, MO-Pittsburg, KS
Sec.79.	Office-Studio	MO 4	100% Owned	1928 West 13th Street	Jasper	Mission Broadcasting, Inc.
KRBC—Abilene-Sweetwater, TX
Sec.80.	Office-Studio	TX 11	100% Owned	4510 S 10th Street	Taylor	Mission Broadcasting, Inc.
Sec.81.	Old Main Tower/Transmitter Site (No longer in use by Mission)	TX 12	100% Owned			Mission Broadcasting, Inc.
KOLR—Springfield, MO
Sec.82.	Office-Studio	MO 5	100% Owned	2650 E. Division Street	Greene	Mission Broadcasting, Inc.
WUTR—Utica, NY
Sec.83.	Office-Studio; Tower/Transmitter Site	NY 5	100% Owned	5956 Smith Hill Road, Deerfield	Oneida	Mission Broadcasting, Inc.
WTVO—Rockford, IL
Sec.84.	Office-Studio-Tower/Transmitter Site	IL 7	100% Owned	1917 Meridian Road, Rockford, IL 61103	Winnebago	Mission Broadcasting, Inc.

LEASED PROPERTY3,4

Station Metropolitan Area in use			Address		Landlord		Tenant
Nexstar Broadcasting, Inc. – Tower Sites
WHAG - Washington, DC/Hagerstown, MD
Sec.85.			Top of Fairview Mountain, Washington County, MD		American Towers, Inc.		Nexstar Broadcasting, Inc.
Sec.86.**	(access road to tower site)		Washington County, MD		Department of Natural Resources, State of Maryland		Nexstar Broadcasting, Inc.
WTVW - Evansville, IN
Sec.87.			Near 688 Old Plank Road, Chandler, IN		American Towers, Inc.		Nexstar Broadcasting, Inc.
*KSFX - Springfield, MO
Sec.88.			Hwy FF, 2.5 miles north northeast of Fordland, MO		American Towers, Inc.		Nexstar Broadcasting, Inc.
KAMR - Amarillo, TX
Sec.89.			0.9 miles west of U.S. 87, 0.6 miles south of Givens Ave., Amarillo, TX		American Towers, Inc.		Nexstar Broadcasting, Inc.
Sec.90.**	Ground Lease		Deaf Smith County, Texas (Section 30, Township 5 North, Range 2 East)		Bridwell West Ranch II, LLP		Nexstar Broadcasting, Inc.
KARD - Monroe, LA
Sec.91.			Near 5 1/2 miles west of Columbia on LA Hwy 4, Columbia, LA		American Towers, Inc.		Nexstar Broadcasting, Inc.
KLBK - Lubbock, TX
Sec.92.			Near 7403 S. University Ave., Lubbock, TX		American Towers, Inc.		Nexstar Broadcasting, Inc.
WFXV - Utica, NY (No longer in use by Nexstar)
Sec.93.	Ground Lease		Skyline Drive, Prospect Hill Park, Kirkland, NY		Promedia Corporation		Nexstar Broadcasting, Inc.
Sec.94.			Hardscrabble Road, Bridgewater, NY		William Stephen		Nexstar Broadcasting, Inc.
KSVI - Billings, MT
Sec.95.			Near Gravel Pi Site Emerald Hills Subdivision, Billings, MT		American Towers, Inc.		Nexstar Broadcasting, Inc.
Sec.96.**			Miles City, Custer County, MT		KTVQ Communications, Inc.		Nexstar Broadcasting, Inc.
Sec.97.**			Little Wolf Auxiliary Communications Site, Sarpy, MT		Montana Power Company
Sec.98.**			1613 Coburn Road Billings, MT		Antilles Wireless, L.L.C.		Nexstar Broadcasting, Inc.
Sec.99.**			Stillwater County, MT		State of Montana Dept of Natural Resources
Sec.100.**			Rosebud County, MT		Bureau of Land Management, Department of the Interior		Nexstar Broadcasting, Inc.
Sec.101.**			1920 Sweet Medicine Drive, Bldg 25 Billings, MT		Iceland
Sec.102.**			1920 Sweet Medicine Drive, Bldg 50 Billings, MT		Iceland		Nexstar Broadcasting, Inc.
Sec.103.			Hardin, Big Horn County, MT		Will Redden		Nexstar Broadcasting, Inc.
Sec.104.**	(transmitter site) NOTE - Nexstar not operating this site, has not yet returned license to FCC		Bosin Rock, Bighorn National Forest		Northern Wyoming Community College		Nexstar Broadcasting, Inc.
WQRF - Rockford, IL
Sec.105.			Auburn Road, Rockford, IL		American Towers, Inc.		Nexstar Broadcasting, Inc.
KMID – Midland, TX
Sec.106.**			Andrews County		Pinnacle Towers, LLC		Nexstar Broadcasting, Inc.
KNWA – Rogers, AR
Sec.107.			Posey Mountain Road Garfield, AR		Clark Communications		Nexstar Broadcasting, Inc.
WFFT – Fort Wayne, IN
Sec.108.			3707 Hillegas Road		American Towers, Inc.		Nexstar Broadcasting, Inc.
WLYH – Lancaster, PA
Sec.109.			Butler Road South Mountain Lancaster, PA		Clear Channel Communications		Nexstar Broadcasting, Inc.
WTAJ—Altoona-Johnstown, PA
Sec.110.**			Tussey Mountain, Pine Grove Mills, PA		Hilltop Tower Leasing, Inc.		Nexstar Broadcasting, Inc.
Sec.111.**			RD 6 Laurel Ridge, Cambria County, PA		Multicomm, Inc.		Nexstar Broadcasting, Inc.
Sec.112.			Conemaugh Tounship, County of Cambria, PA		Forever of PA, Inc.		Nexstar Broadcasting, Inc.
Sec.113.**			Tripoli Road, Cover Hill, Township of Conemaugh, County of Cambria, PA		Dame Media, Inc.		Nexstar Broadcasting, Inc.
Sec.114.**			US Route 322 (1 mile west of US 322 & State Route 153)		Centre Communications, Inc.		Nexstar Broadcasting, Inc.
Sec.115.**	(roof for camera)		University Park, Centre County, PA		Pennsylvania State University		Nexstar Broadcasting, Inc.
KFTA/KNWA—Fort Smith-Fayetteville-Springdale-Rogers, AR
Sec.116.**			3333 Pinnacle Hills Parkway, Pinnacle Point Drive, Suite 120A, City of Rogers, Benton County, AR		Parkway Towers Partners, LLC		Nexstar Broadcasting, Inc.
Sec.117.			Kelley Highway Facility		JDG Television		Nexstar Broadcasting, Inc.
KSNF – Joplin, MO
Sec.118.**	Ground Lease		14048 Beech Road, Newton County, MO		Ernest E & Bonnie L Kimbrough		Nexstar Broadcasting, Inc
KTAB –Abilene-Sweetwater, TX
Sec.119.			Cottonwood, TX		Texas Communications		Nexstar Broadcasting, Inc
KTAL –Shreveport, LA
Sec.120.**	(roof)		2000 CenturyTel Center Dr, Bossier City, LA		LMI/HHI, Ltd (City of Bossier City)		Nexstar Broadcasting, Inc
Sec.121.**	(roof)		401 Edwards Street, Shreveport, LA		Louisiana-Edwards Tower Operating Associates, L.P.		Nexstar Broadcasting, Inc
Nexstar Broadcasting, Inc. - Studio Buildings
KARK - Little Rock-Pine Bluff, AR
Sec.122.			Capitol and Victory Street, Victory Building, Little Rock, AR		Arkansas Teacher Retirement Systems		Nexstar Broadcasting, Inc.
Sec.123.	(equipment on building)		501 Main Street, Pine Bluff, AR		Simmons First National Bank		Nexstar Broadcasting, Inc.
KFTA/KNWA - Fort Smith-Fayetteville-Springdale-Rogers, AR
Sec.124.			15 South Block, The Campbell Bell Building, Fayetteville, AR		The Campbell Bell Building, LLC		Nexstar Broadcasting, Inc.
KBTV – Beaumont-Port Arthur, TX
Sec.125.			Parkdale Mall		Parkdale Mall Associates		Nexstar Broadcasting, Inc.
Sec.126.			3716 Summerhill Rd., Suite 100 Texarkana, Texas 75503		George Lavendar		Nexstar Broadcasting, Inc.
WBRE—Wilkes Barre-Scranton, PA
Sec.127.			47 West 4th Street, Williamsport, Lycoming County, PA		47th West Fourth, L.L.C.		Nexstar Broadcasting, Inc.
Sec.128.			400 Lackawanna Ave, Scranton, PA		Boscov's Department Store, Inc.		Nexstar Broadcasting, Inc.
Sec.129.			553 Main Street, Stroudsburg, PA		Edwin and Barbara D. Krawitz		Nexstar Broadcasting, Inc.
WCIA/WCFN—Champaign-Springfield-Decatur, IL
Sec.130.**			Suite 1068, 250 North Water Street, Decatur, IL		BCK Barnes, LLC		Nexstar Broadcasting, Inc.
Sec.131.	(Roof)		Suite 1068, 250 North Water Street, Decatur, IL		BCK Barnes, LLC		Nexstar Broadcasting, Inc.
Sec.132.**			Forum XXX Plaza, Springfield, IL		Hilton Springfield		Nexstar Broadcasting, Inc.
Sec.133.**	(Roof)		Wolford Apartments, 9 E. Harrison Street, Danville, IL		Urban-Wolford, L.P.		Nexstar Broadcasting, Inc.
WHAG - Washington, DC/Hagerstown, MD
Sec.134.**			13 East Washington Street, Hagerstown, Washington County, Maryland		Alexander House, Inc.		Nexstar Broadcasting, Inc.
Sec.135.**			301 East Patrick Street, Suite 200 Frederick, MD		East Street, LLC		Nexstar Broadcasting, Inc.
WTAJ—Altoona-Johnstown, PA
Sec.136.			5000 6th Avenue, Altoona, Blair County, PA		William P and Ann M. Benzel		Nexstar Broadcasting, Inc.
Sec.137.**			1006 West College Avenue, State College, PA		Raymond J. & Judith A. Caravan		Nexstar Broadcasting, Inc.
Sec.138.**			Mini Mall, Cambria Township, Cambria County, PA		Edwin A. Long		Nexstar Broadcasting, Inc.
Sec.139.**			2 West Avenue, Suite #2, Dubois, Clearfield County, PA		Kohlhepp Real Estate Investment Trust, LTD.		Nexstar Broadcasting, Inc.
KTAL - Shreveport, LA
Sec.140.			3712 Summerhill Road, Texarkana, TX		George Lavender		Nexstar Broadcasting, Inc.
Nexstar Broadcasting , Inc. – Corporate Headquarters
Sec.141.			5215 N. O’Connor Blvd Suite 1400 Irving, TX		Cimarex Energy Co – Sublandlord (TIAA Realty, Inc.-landlord)		Nexstar Broadcasting, Inc.
Mission Broadcasting , Inc. – Tower Sites
KJTL - Wichita Falls, TX - Lawton, OK
Sec.142.		Ground Lease		Grandfield, Tillman County, OK		Estate of L.H. Clemmer, Deceased		Mission Broadcasting, Inc.
KODE - Joplin, MO - Pittsburg, KS
Sec.143.				1928 W 13th Street		Spectrasite Broadcast Towers, Inc.		Mission Broadcasting, Inc.
KOLR - Springfield, MO
Sec.144.				Webster County, MO		American Towers, Inc.		Mission Broadcasting, Inc.
KCIT/KCPN-LP - Amarillo, TX
Sec.145.			Potter County, TX			American Towers, Inc.		Mission Broadcasting, Inc.
Sec.146.**			Parmer County, TX			Bovina Translator Joint Venture		Mission Broadcasting, Inc.
Sec.147.**			Curry County, NM			Marsh Media		Mission Broadcasting, Inc.
Sec.148.**			One mile ESE of Guymon, OK			Panhandle Translator Joint Venture		Mission Broadcasting, Inc.
KAMC - Lubbock, TX
Sec.149.				Near 1201 84th Street, Lubbock, TX		American Towers, Inc.		Mission Broadcasting, Inc.
Sec.150.**		(transmitter site)		ABC Bank Building, 1201 84th Street, Lubbock, TX		Charles Bevill and Glenna Bevill [possible new owners?]		Mission Broadcasting, Inc.
KHMT - Billings, MT
Sec.151.				Billings, MO		American Towers, Inc.		Mission Broadcasting, Inc.
*KTVE – El Dorado, AR
Sec.152.				412 Bolding Rd. Huttig AR		American Towers, Inc.		Mission Broadcasting, Inc.
KJBO-LP – Wichita Falls, TX
Sec.153.				3700 Onaway Trail		Andrews Tower Rental, Inc.		Mission Broadcasting, Inc.
KSAN – San Angelo, TX
Sec.154.**				State Highway 158 and County Road 278, Runnels County, TX		Henry L. Stokes and Darlene Stokes		Mission Broadcasting, Inc.
Sec.155.		Ground Lease		Tom Green County, TX		Producers Livestock Auction Company		Mission Broadcasting, Inc.
WUTR - Utica, NY
Sec.156.**				R.D. #1, Mohawk, NY		Janet R. Morgan-Hyer		Mission Broadcasting, Inc.
WYOU - Wilkes Barre - Scranton, PA
Sec.157.**				Stroud Township, Monroe County, PA		LTS Enterprises, Inc.		Mission Broadcasting, Inc.
Mission Broadcasting, Inc. – Office Building
Mission Broadcasting, Inc.
Sec.158.**				Suite 305, Brecksville Center Office Building, Brecksville Shopping Center, Brecksville, Ohio		Brecksville Shopping Center, LTD.		Mission Broadcasting, Inc.

3 Leasehold mortgages will not be granted on tower sites if the following conditions are met: (i) the land is owned by third parties; (ii) the tower is owned by third parties; and (iii) Nexstar and/or Mission are not the sole lessees of the tower.

4 Leases noted with a double asterisk (**) contain anti-assignment provisions.

SCHEDULE 5.16

FCC Authorizations of Nexstar Broadcasting, Inc.

Port Arthur, Texas (Facility ID No. 61214)

Facility Type Call Sign Exp. Date5

DTV Construction Permit (Channel 40) KBTV-TV ---

DTV License (Channel 40) KBTV-TV BLCDT-20090615ACC6

TV Pickup KB98129 08/01/2006

TV Studio Transmitter Link KLA89 08/01/2006

TV Pickup KT2456 08/01/2006

TV Intercity Relay WLD443 08/01/2006

Weather Radar Station WPWH542 11/18/2012

Wichita Falls, Texas (Facility ID No. 65370)

Facility Type Call Sign Exp. Date

DTV Construction Permit (Channel 28) KFDX-TV ---

DTV License (Channel 28) KFDX-TV BLCDT-20090205ABU

Low Power Auxiliary BLP00464 08/01/2006

TV Pickup KB55270 08/01/2006

TV Pickup KJ3525 08/01/2006

Auxiliary Remote Pickup KLB725 08/01/2006

Lubbock, Texas (Facility ID No. 3660)

Facility Type Call Sign Exp. Date

DTV Construction Permit (Channel 40) KLBK-TV ---

DTV License (Channel 40) KLBK-TV BLCDT-20080227ABM

Transmit/Receive Earth Station E070257 01/08/2023

Television Translator Station K44FG 08/01/2006

TV Pickup KC62829 08/01/2006

5 For all stations listed throughout this document, applications for renewal of the stations’ analog licenses were filed prior to the final DTV transition deadline of June 12, 2009. As described in the “Station FCC Matters” notes that follow, the FCC had not granted most of the Nexstar stations’ license renewal applications by June 12, 2009. Therefore, although Nexstar is authorized to operate each station in a digital format pursuant either to a grant of a license to cover its DTV construction permit or under program test authority, the expiration dates associated with many of the licenses listed herein reflect dates in the past because the underlying main station license renewal applications have not yet been granted. Under the FCC’s rules and policies, a station may continue operating pursuant to the terms of its authorization while its application for renewal is pending.

6 The FCC file numbers of pending applications are being provided.

5.16 – Page

DC01/ 2279150.5

Midland, Texas (Facility ID No. 35131)

Facility Type Call Sign Exp. Date

Original DTV Construction Permit (Ch. 26) KMID 06/12/2009

DTV Construction Permit Mod (Channel 26) KMID BMPCDT-20081208ADC

STA for DTV Operations KMID BEDSTA-20090908ABQ

Receive Only Earth Station E060057 02/23/2021

TV Translator Station License K12FM 08/01/2006

TV Pickup KB96686 08/01/2006

TV Studio Transmitter Link WHG362 08/01/2006

TV Intercity Relay WLE628 08/01/2006

TV Intercity Relay WLE644 08/01/2006

TV Intercity Relay WLF217 08/01/2006

Weather Radar Station WPMY327 03/25/2014

TV Intercity Relay WPYE578 08/01/2006

Abilene, Texas (Facility ID No. 59988)

Facility Type Call Sign Exp. Date

DTV License (Channel 24) KTAB-TV 08/01/2014

STA for Low Power DTV Facility KTAB-TV BLDSTA-20090615ACV

Business Radio KA51599 04/17/2014

TV Pickup KS5717 08/01/2014

Business Radio WGA708 04/17/2014

TV Studio Transmitter Link WGH906 08/01/2014

TV Studio Transmitter Link WQGH981 08/01/2014

TV Studio Transmitter Link WQIW299 08/01/2014

Business Radio WZJ613 04/17/2014

San Angelo, Texas (Facility ID No. 31114)

Facility Type Call Sign Exp. Date

DTV Construction Permit (Channel 11) KLST ---

DTV License (Channel 11) KLST BLCDT-20090316ABJ

TV Pickup KP8019 08/01/2006

TV Studio Transmitter Link WGV763 08/01/2006

Auxiliary Remote Pickup WQB259 08/01/2006

Auxiliary Remote Pickup WQB296 08/01/2006

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Texarkana, Texas (Facility ID No. 35648)

Facility Type Call Sign Exp. Date

DTV License (Channel 15) KTAL-TV 08/01/2014

Transmit/Receive Earth Station License E020155 09/06/2017

TV Pickup KA88839 08/01/2014

TV Intercity Relay WHB602 08/01/2014

TV Studio Transmitter Link WHB603 08/01/2014

TV Studio Transmitter Link WHB604 08/01/2014

TV Intercity Relay WLP781 08/01/2014

TV Intercity Relay WLP782 08/01/2014

Amarillo, Texas (Facility ID No. 8523)

Facility Type Call Sign Exp. Date

DTV Construction Permit (Channel 19) KAMR-TV ---

DTV License (Channel 19) KAMR-TV BLCDT-20080519ACZ

Television Translator Station K25CP 08/01/2006

Television Translator Station K28BA 10/01/2006

Television Translator Station K45BF 10/01/2006

Low Power Auxiliary BLP01103 08/01/2006

Low Power Auxiliary BPL00752 08/01/2006

TV Pickup KA2113 08/01/2006

TV Pickup KC25028 08/01/2006

TV Studio Transmitter Link KKP50 08/01/2006

Weather Radar Station KYV352 04/08/2011

TV Intercity Relay WLL233 08/01/2006

TV Intercity Relay WPNG524 08/01/2006

TV Studio Transmitter Link WPQL768 08/01/2006

Microwave Radio Station WNTF653 07/27/2010

Wilkes-Barre, Pennsylvania (Facility ID No. 71225)

Facility Type Call Sign Exp. Date

DTV License (Channel 11) WBRE-TV 08/01/2007

TV Translator Station License W24BL 08/01/2007

TV Translator Station License W30AN 08/01/2007

TV Translator Station License W51BP 08/01/2007

TV Translator Station License W64AL 08/01/2007

Transmit-Only Earth Station License E910642 11/01/2011

Transmit-Receive Earth Station License E020058 05/03/2017

TV Pickup KA35201 08/01/2007

TV Pickup KA35245 08/01/2007

TV Pickup KA74870 08/01/2007

5.16 – Page

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TV Pickup KC62824 08/01/2007

TV Pickup KF5726 08/01/2007

TV Studio Transmitter Link KGH66 08/01/2007

R/P Base Mobile System KGU973 08/01/2007

TV Pickup KK4138 08/01/2007

TV Pickup KL2535 08/01/2007

TV Pickup KP4407 08/01/2007

R/P Base Mobile System KQB618 08/01/2007

TV Pickup KR7688 08/01/2007

TV Pickup KR7693 08/01/2007

TV Pickup KR7771 08/01/2007

TV Pickup KS2001 08/01/2007

TV Pickup KY2899 08/01/2007

R/P Base Mobile System KY5608 08/01/2007

TV Studio Transmitter Link KZO21 08/01/2007

TV Intercity Relay WFW575 08/01/2007

TV Intercity Relay WGI290 08/01/2007

TV Intercity Relay WHB674 08/01/2007

TV Intercity Relay WLI324 08/01/2007

TV Intercity Relay WLI325 08/01/2007

TV Intercity Relay WLI337 08/01/2007

TV Intercity Relay WMF322 08/01/2007

TV Studio Transmitter Link WMF323 08/01/2007

Erie, Pennsylvania (Facility ID No. 65749)

Facility Type Call Sign Exp. Date

DTV Construction Permit (Channel 24) WJET-TV ---

DTV License (Channel 24) WJET-TV BLCDT-20090615ACF

Receive Only Earth Station E050369 12/05/2020

TV Pickup KC26079 08/01/2007

TV Intercity Relay WPJE618 08/01/2007

Weather Radar Station WPOZ488 09/14/2014

R/P Base Mobile System WSM744 08/01/2007

Lancaster, Pennsylvania (Facility ID No. 23338)

Facility Type Call Sign Exp. Date

DTV License (Channel 23) WLYH-TV 08/01/2007

TV Pickup KB55005 08/01/2007

TV Pickup KB55006 08/01/2007

TV Pickup KK4241 08/01/2007

5.16 – Page

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Altoona, Pennsylvania (Facility ID No. 23341)

Facility Type Call Sign Exp. Date

DTV License (Channel 32) WTAJ-TV 08/01/2007

Transmit-Receive Earth Station E960484 09/20/2021

TV Pickup KA88955 08/01/2007

TV Pickup KB96844 08/01/2007

R/P Base Mobile System KB97965 08/01/2007

R/P Base Mobile System KC24269 08/01/2007

TV Studio Transmitter Link KZB39 08/01/2007

TV Intercity Relay WHS331 08/01/2007

TV Intercity Relay WLI217 08/01/2007

TV Intercity Relay WPJE457 08/01/2007

TV Intercity Relay WPNF686 08/01/2007

TV Intercity Relay WPNG696 08/01/2007

TV Intercity Relay WPNG697 08/01/2007

TV Intercity Relay WPNN748 08/01/2007

TV Studio Transmitter Link WPZZ407 08/01/2007

TV Studio Transmitter Link WQAH854 08/01/2007

Microwave License WPNG671 07/24/2012

Rochester, New York (Facility ID No. 73964)

Facility Type Call Sign Exp. Date

DTV License (Channel 45) WROC-TV 06/01/2007

Transmit/Receive Earth Station E000660 12/12/2010

TV Pickup KA4851 06/01/2007

TV Intercity Relay KA6058 06/01/2007

TV Studio Transmitter Link KEA91 06/01/2007

TV Pickup KR4704 06/01/2007

TV Pickup KR4705 06/01/2007

Auxiliary Remote Pickup WHE925 06/01/2007

Auxiliary Remote Pickup WHE926 06/01/2007

Private Operational Fixed Microwave WPOU895 08/26/2019

Utica, New York (Facility ID No. 43424)

Facility Type Call Sign Exp. Date

DTV Construction Permit (Channel 27) WFXV ---

DTV License (Channel 27) WFXV BLCDT-20090331ADG

LPTV Station (Channel 11) WPNY-LP 06/01/2007

Television Translator Station W31BP 06/01/2007

Television Translator Station W53AM 06/01/2007

TV Intercity Relay WPOP508 06/01/2007

5.16 – Page

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Hagerstown, Maryland (Facility ID No. 25045)

Facility Type Call Sign Exp. Date

DTV Construction Permit (Channel 26) WHAG-TV ---

DTV License (Channel 26) WHAG-TV BLCDT-20090612AFP

Transmit-Receive Earth Station E030037 05/01/2018

TV Pickup KC26220 10/01/2004

TV Studio Transmitter Link WBI22 10/01/2004

TV Intercity Relay WBI25 10/01/2004

TV Studio Transmitter Link WPNJ935 10/01/2004

TV Pickup WPXL303 10/01/2004

Business Radio License WQDV772 11/09/2015

St. Joseph, Missouri (Facility ID No. 20427)

Facility Type Call Sign Exp. Date

STA for Low Power DTV Facility (Ch. 7) KQTV 12/04/2009

DTV Construction Permit (Ch. 7) KQTV 12/04/2009

DTV Maximization Permit (Ch. 7) KQTV 09/03/2012

TV Pickup KC26093 02/01/2006

Auxiliary Remote Pickup KGJ814 02/01/2006

Auxiliary Remote Pickup KJ5467 02/01/2006

Auxiliary Remote Pickup KJ5469 02/01/2006

Auxiliary Remote Pickup KK4811 02/01/2006

R/P Automatic Relay KQB577 02/01/2006

Joplin, Missouri (Facility ID No. 67766)

Facility Type Call Sign Exp. Date

DTV Construction Permit (Channel 46) KSNF 08/18/2009

STA for Low Power DTV (Channel 46) KSNF 12/26/2009

TV Pickup KW6078 02/01/2006

Weather Radar Station WPMJ419 08/12/2013

TV Intercity Relay WQGL521 02/01/2006

Business Radio WQKB784 03/21/2019

Springfield, Missouri (Facility No. 3659)

Facility Type Call Sign Exp. Date

5.16 – Page

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DTV Construction Permit (Channel 28) KSFX-TV ---

DTV License (Channel 28) KSFX-TV BLCDT-20070213ABB

Receive-Only Earth Station E030122 05/23/2018

Remote Pickup Base Station KPJ259 02/01/2006

TV Studio Transmitter Link WHS242 02/01/2006

Evansville, Indiana (Facility ID No. 3661)

Facility Type Call Sign Exp. Date

DTV Construction Permit (Channel 28) WTVW ---

DTV License (Channel 28) WTVW BLCDT-20070612ABZ

TV Pickup KA44252 08/01/2005

TV Pickup KA44253 08/01/2005

TV Pickup KA44254 08/01/2005

TV Studio Transmitter Link KSI66 08/01/2005

TV Intercity Relay WFD560 08/01/2005

TV Intercity Relay WPNG530 08/01/2005

Terre Haute, Indiana (Facility ID No. 40426)

Facility Type Call Sign Exp. Date

DTV Construction Permit (Channel 36) WTWO ---

DTV License (Channel 36) WTWO BLCDT-20090107AIQ

TV Pickup KC26086 08/01/2005

TV Pickup KK2587 08/01/2005

R/P Base Mobile System KLH391 08/01/2005

TV Pickup KW4107 08/01/2005

TV Pickup KW4108 08/01/2005

TV Intercity Relay WHF306 08/01/2005

TV Intercity Relay WMU968 08/01/2005

Weather Radar Station WPPH816 01/06/2015

Fort Wayne, Indiana (Facility ID No. 25040)

Facility Type Call Sign Exp. Date

DTV Construction Permit (Channel 36) WFFT-TV ---

DTV License (Channel 36) WFFT-TV BLCDT-20090521AAQ

Springfield, Illinois (Facility ID No. 42116)

5.16 – Page

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Facility Type Call Sign Exp. Date

DTV Construction Permit (Channel 13) WCFN ---

DTV License (Channel 13) WCFN BLCDT-20090615ACD

TV Studio Transmitter Link WLD973 12/01/2005

Rockford, Illinois (Facility ID No. 52408)

Facility Type Call Sign Exp. Date

DTV Construction Permit (Channel 42) WQRF-TV ---

DTV License (Channel 42) WQRF-TV BLCDT-20070404ABY

TV Studio Transmitter Link WDT860 12/01/2005

Peoria, Illinois (Facility ID No. 42121)

Facility Type Call Sign Exp. Date

DTV Construction Permit (Channel 30) WMBD-TV ---

DTV License (Channel 30) WMBD-TV BLCDT-20061019ADD

TV Pickup KA88843 12/01/2005

TV Pickup KA88844 12/01/2005

TV Intercity Relay KSI71 12/01/2005

TV Intercity Relay KSI72 12/01/2005

TV Intercity Relay KSI73 12/01/2005

Auxiliary Remote Pickup KSJ777 12/01/2005

TV Studio Transmitter Link KSK48 12/01/2005

TV Intercity Relay WBJ984 12/01/2005

TV Intercity Relay WBJ985 12/01/2005

TV Intercity Relay WLG752 12/01/2005

TV Intercity Relay WMU973 12/01/2005

TV Intercity Relay WMV276 12/01/2005

TV Intercity Relay WQGA585 12/01/2005

Business Radio WNTX533 02/08/2010

Champaign, Illinois (Facility ID No. 42124)

Facility Type Call Sign Exp. Date

DTV Construction Permit (Channel 48) WCIA ---

DTV License (Channel 48) WCIA BLCDT-20070612ABY

Transmit-Receive Earth Station E920434 07/24/2017

Auxiliary Low Power Station BLP00192 12/01/2005

Auxiliary Low Power Station BLP00544 12/01/2005

Auxiliary Low Power Station BLP00883 12/01/2005

5.16 – Page

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Auxiliary Low Power Station BLP00919 12/01/2005

Auxiliary Low Power Station BLP01124 12/01/2005

Auxiliary Low Power Station BLP01288 12/01/2005

TV Pickup KA88970 12/01/2005

TV Pickup KA95317 12/01/2005

TV Pickup KC5875 12/01/2005

TV Studio Transmitter Link KSG35 12/01/2005

TV Intercity Relay KSI74 12/01/2005

TV Intercity Relay KSI75 12/01/2005

TV Intercity Relay KSI76 12/01/2005

TV Pickup KW6065 12/01/2005

TV Pickup KW6066 12/01/2005

TV Intercity Relay WBJ983 12/01/2005

TV Intercity Relay WBJ986 12/01/2005

TV Intercity Relay WBJ987 12/01/2005

TV Intercity Relay WBJ988 12/01/2005

TV Intercity Relay WLG233 12/01/2005

TV Intercity Relay WPNL408 12/01/2005

Business Radio KAP730 12/01/2015

Dothan, Alabama (Facility ID No. 43846)

Facility Type Call Sign Exp. Date

DTV Construction Permit (Channel 21) WDHN ---

DTV License (Channel 21) WDHN BLCDT-20090303ACR

Receive Only Earth Station E050390 12/19/2020

TV Pickup KY7799 04/01/2005

Fort Smith, Arkansas (Facility ID No. 29560)

Facility Type Call Sign Exp. Date

DTV License (Channel 27) KFTA-TV 06/01/2013

DTV CP for Power Increase(Ch. 27) KFTA-TV ---

DTV Power Increase License App. (Ch. 27) KFTA-TV BLCDT-20090331AEC

Transmit Receive Earth Station E000609 11/13/2010

TV Studio Transmitter Link WDD713 06/01/2013

Intercity Relay WDT813 06/01/2013

Intercity Relay WDT814 06/01/2013

Intercity Relay WDT815 06/01/2013

Intercity Relay WDT816 06/01/2013

TV Studio Transmitter Link WDT850 06/01/2013

Intercity Relay WPTG330 06/01/2013

Intercity Relay WPTG331 06/01/2013

Intercity Relay WPTG334 06/01/2013

Intercity Relay WPTG339 06/01/2013

Intercity Relay WPTN382 06/01/2013

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Intercity Relay WPTX765 06/01/2013

Auxiliary Remote Pickup WPXN366 06/01/2013

Weather Radar Station WPQJ586 08/09/2015

Rogers, Arkansas (Facility ID No. 29557)

Facility Type Call Sign Exp. Date

DTV Construction Permit (Channel 50) KNWA-TV ---

DTV License (Channel 50) KNWA-TV BLCDT-20060915ANF

Intercity Relay WPNF934 06/01/2005

Intercity Relay WPNK630 06/01/2005

Auxiliary Remote Pickup WPXV734 06/01/2005

Business Radio License WPQX728 11/14/2010

TV Studio Transmitter Link WQCG358 06/01/2005

Intercity Relay WQEK477 06/01/2005

Intercity Relay WQFP323 06/01/2005

TV Pickup WQGL225 06/01/2005

Intercity Relay WQHP517 06/01/2005

Intercity Relay WQIA924 06/01/2005

Little Rock, Arkansas (Facility ID No. 33440)

Facility Type Call Sign Exp. Date

DTV Construction Permit (Channel 32) KARK-TV ---

DTV License (Channel 32) KARK-TV BLCDT-20060504ABM

Transmit-Receive Earth Station E010024 03/28/2011

TV Pickup KA2132 06/01/2005

TV Pickup KA2133 06/01/2005

TV Pickup KA74957 06/01/2005

TV Pickup KA74958 06/01/2005

TV Pickup KE5898 06/01/2005

TV Pickup KE8994 06/01/2005

Auxiliary Remote Pickup KEH571 06/01/2005

Auxiliary Remote Pickup KLB542 06/01/2005

TV Studio Transmitter Link KLT43 06/01/2005

Auxiliary Remote Pickup KPG254 06/01/2005

Auxiliary Remote Pickup KPG803 06/01/2005

TV Pickup KR9873 06/01/2005

TV Pickup KS2058 06/01/2005

TV Pickup KS2059 06/01/2005

Intercity Relay WAY649 06/01/2005

Intercity Relay WCG701 06/01/2005

Intercity Relay WHB954 06/01/2005

Intercity Relay WLG538 06/01/2005

Weather Radar Station WPKU229 07/15/2012

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Auxiliary Remote Pickup WQA949 06/01/2005

Auxiliary Remote Pickup WQA950 06/01/2005

Auxiliary Remote Pickup WQA951 06/01/2005

Auxiliary Remote Pickup WQA952 06/01/2005

Little Rock, Arkansas (Facility ID No. 37005)

Facility Type Call Sign Exp. Date

DTV Construction Permit (Channel 44) KARZ-TV ---

DTV License (Channel 44) KARZ-TV BLCDT-20090615ACH

TV Studio Transmitter Link WPNJ994 06/01/2013

West Monroe, Louisiana (Facility ID No. 3658)

Facility Type Call Sign Exp. Date

DTV Construction Permit (Channel 36) KARD ---

DTV License (Channel 36) KARD BLCDT-20080116ABD

Auxiliary Remote Pickup KPG931 06/01/2005

Auxiliary Remote Pickup KPJ413 06/01/2005

TV Studio Transmitter Link WHY494 06/01/2005

TV Intercity Relay WHY662 06/01/2005

TV Studio Transmitter Link WLE984 06/01/2005

TV Studio Transmitter Link WLF699 06/01/2005

TV Studio Transmitter Link WLQ852 06/01/2005

5.16 – Page

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Billings, Montana (Facility ID No. 5243)

Facility Type Call Sign Exp. Date

DTV Construction Permit (Channel 18) KSVI ---

DTV License (Channel 18) KSVI BLCDT-20090205ABS

Television Translator Station K06AT 10/01/2014

Television Translator Station K16DH 04/01/2006

Television Translator Station K16DZ 04/01/2006

Television Translator Station K19FF 04/01/2006

Television Translator Low Power Station K25BP 04/01/2006

Television Translator Station K27IM 04/01/2014

Television Translator Station K33EA 04/01/2006

Television Translator Station K58IH 04/01/2014

Television Translator Station K66EQ 04/01/2006

Receive Only Earth Station E040435 11/11/2019

TV Studio Transmitter Link WGZ505 04/01/2006

TV Translator Relay WHB781 04/01/2006

TV Translator Relay WHQ291 04/01/2006

TV Studio Transmitter Link WLE397 04/01/2006

TV Intercity Relay WLE992 04/01/2006

TV Intercity Relay WME778 04/01/2006

TV Studio Transmitter Link WME779 04/01/2006

TV Studio Transmitter Link WME780 04/01/2006

TV Translator Relay WPJA562 04/01/2006

TV Intercity Relay WPNH966 04/01/2006

TV Intercity Relay WPQY442 04/01/2006

TV Intercity Relay WPUI709 04/01/2006

TV Pickup WPUQ395 04/01/2006

Jacksonville, Florida (Facility ID No. 29712)

Facility Type Call Sign Exp. Date

DTV License (Channel 34) WCWJ 02/01/2013

Remote Pickup WSM715 02/01/2013

TV Pickup KS2063 02/01/2013

TV Pickup KS2065 02/01/2013

FCC Authorizations of Mission Broadcasting, Inc.

Scranton, PA (Facility ID No. 17010)

Facility Type Call Sign Exp Date

DTV License (Channel 13) WYOU 08/01/2007

UHF Translator Station W19AR 08/01/2007

UHF Translator Station W26AT 08/01/2007

UHF Translator Station W54AV 08/01/2007

UHF Translator Station W55AG 08/01/2007

UHF Translator Station W60AH 08/01/2007

UHF Translator Station W66AI 08/01/2007

TV Pickup KA35173 08/01/2007

TV Pickup KA35174 08/01/2007

TV Pickup KA35184 08/01/2007

TV Pickup KA35185 08/01/2007

TV Studio Transmitter Link KGH69 08/01/2007

TV Intercity Relay KGI49 08/01/2007

TV Intercity Relay KHC88 08/01/2007

TV Pickup KO9753 08/01/2007

TV Intercity Relay WFD523 08/01/2007

TV Studio Transmitter Link WLL212 08/01/2007

TV Intercity Relay WLO276 08/01/2007

TV Intercity Relay WLO277 08/01/2007

TV Studio Transmitter Link WPNF884 08/01/2007

Erie, PA (Facility ID No. 19707)

Facility Type Call Sign Exp Date

DTV Construction Permit (Channel 22) WFXP ---

DTV License (Channel 22) WFXP BLCDT-20081023ABA

TV Studio Transmitter Link WLD767 08/01/2007

Amarillo, TX (Facility ID No. 33722)

Facility Type Call Sign Exp Date

DTV Construction Permit (Channel 15) KCIT ---

DTV License (Channel 15) KCIT BLCDT-20080519ABV

UHF Translator Low Power (Channel 33) KCPN-LP 08/01/2006

UHF Translator Station K30DZ 10/01/2006

UHF Translator Station K35CG 08/01/2006

UHF Translator Station K47DH 10/01/2006

Broadcast Auxiliary Low Power BLP00781 08/01/2006

TV Intercity Relay KLV74 08/01/2006

TV Intercity Relay WHQ202 08/01/2006

TV Intercity Relay WHQ206 08/01/2006

TV Intercity Relay WHQ322 08/01/2006

TV Studio Transmitter Link WLF362 08/01/2006

TV Intercity Relay WLG893 08/01/2006

TV Intercity Relay WLG897 08/01/2006

Wichita Falls, TX (Facility ID No. 7675)

Facility Type Call Sign Exp Date

DTV Construction Permit (Channel 15) KJTL ---

DTV License (Channel 15) KJTL BLCDT-20090303ACS

UHF Translator Low Power (Channel 35) KJBO-LP 08/01/2006

UHF Translator Station K47DK 06/01/2006

UHF Translator Station K53DS 06/01/2006

Broadcast Auxiliary Remote Pickup KPG756 08/01/2006

TV Studio Transmitter Link WLD942 08/01/2006

TV Studio Transmitter Link WLJ748 08/01/2006

Joplin, MO (Facility ID No. 18283)

Facility Type Call Sign Exp Date

DTV Construction Permit (Channel 43) KODE-TV ---

DTV License (Channel 43) KODE-TV BLCDT-20090424ABE

TV Pickup KC62805 02/01/2006

Broadcast Auxiliary Remote Pickup KPH932 02/01/2006

TV Pickup KR7926 02/01/2006

Broadcast Auxiliary Remote Pickup KTK819 02/01/2006

TV Intercity Relay WQGL520 02/01/2006

Microwave Radio Station WNEH385 04/28/2012

Microwave Radio Station WNEH386 04/28/2012

Microwave Radio Station WNEQ599 05/29/2012

Receive Only Earth Station E060194 05/26/2021

Abilene, TX (Facility ID No. 306)

Facility Type Call Sign Exp Date

DTV License (Channel 29) KRBC-TV 08/01/2014

STA for Low Power DTV Facility KRBC-TV BLDSTA-20090615ADY

Broadcast Auxiliary Remote Pickup KG5819 08/01/2014

TV Intercity Relay KHN21 08/01/2014

TV Studio Transmitter Link KKT76 08/01/2014

Broadcast Auxiliary Remote Pickup KLB583 08/01/2014

TV Intercity Relay KLV58 08/01/2014

Broadcast Auxiliary Remote Pickup KN6311 08/01/2014

Broadcast Auxiliary Remote Pickup KN6312 08/01/2014

Broadcast Auxiliary Remote Pickup KQS389 08/01/2014

Broadcast Auxiliary Remote Pickup KQS390 08/01/2014

TV Pickup KS5669 08/01/2014

Broadcast Auxiliary Remote Pickup KYY221 08/01/2014

San Angelo, TX (Facility ID No. 307)

Facility Type Call Sign Exp Date

DTV Construction Permit (Channel 16) KSAN-DT ---

DTV License (Channel 16) KSAN-TV BLCDT-20090205ABY

TV Pickup KC26407 08/01/2006

TV Intercity Relay WPOV531 08/01/2006

TV Studio Transmitter Link WQHK704 08/01/2006

Lubbock, TX (Facility ID No. 40820)

Facility Type Call Sign Exp Date

DTV Construction Permit (Channel 27) KAMC ---

DTV License (Channel 27) KAMC BLCDT-20080227ABN

TV Studio Transmitter Link WPTG536 08/01/2006

TV Pickup KP4947 08/01/2006

Land Mobile Radiolocation WQDV325 11/07/2015

Receive-Only Earth Station E050070 03/10/2020

Springfield, MO (Facility ID No. 28496)

Facility Type Call Sign Exp Date

DTV Construction Permit (Ch. 10, 26kw) KOLR ---

DTV License (Ch. 10, 26kw) KOLR BLCDT-20090810ACN

Transmit-Receive Earth Station E040154 05/06/2019

TV Pickup KA88999 02/01/2006

Broadcast Auxiliary Remote Pickup KPF925 02/01/2006

Broadcast Auxiliary Remote Pickup KPJ906 02/01/2006

TV Intercity Relay WPOT273 02/01/2006

TV Studio Transmitter Link WRE38 02/01/2006

Industrial/Business Pool, Conventional WQCB524 01/24/2015

Transmit-Receive Earth Station E080083 06/04/2023

Hardin, MT (Facility ID No. 47670)

Facility Type Call Sign Exp Date

DTV Construction Permit (Channel 22) KHMT ---

DTV License (Channel 22) KHMT BLCDT- 20090226AAD

Application for Digital Translator Station NEW BNPDTT - 20090902ABD

TV Translator Relay WPND875 04/01/2006

TV Translator Relay WPND876 04/01/2006

TV Intercity Relay WPQN938 04/01/2006

TV Intercity Relay WPQQ770 04/01/2006

TV Intercity Relay WPQQ983 04/01/2006

TV Intercity Relay WQAU511 04/01/2006

TV Intercity Relay WQGI395 04/01/2006

Terre Haute, IN (Facility ID No. 65247)

Facility Type Call Sign Exp Date

DTV Construction Permit (Channel 39) WFXW ---

DTV License (Channel 39) WFXW BLCDT-20060618AAW

TV Pickup KX3721 08/01/2005

TV Studio Transmitter Link WQE49 08/01/2005

TV Intercity Relay WRS28 08/01/2005

TV Intercity Relay WRS29 08/01/2005

Utica, NY (Facility ID No. 57837)

Facility Type Call Sign Exp Date

DTV License (Channel 30) WUTR 06/01/2007

Broadcast Auxiliary Remote Pickup KC27630 06/01/2007

TV Pickup KC26076 06/01/2007

Broadcast Auxiliary Remote Pickup KPH708 06/01/2007

TV Intercity Relay WEF91 06/01/2007

TV Intercity Relay WEF92 06/01/2007

TV Intercity Relay WLF784 06/01/2007

TV Intercity Relay WLJ663 06/01/2007

Receive-Only Earth Station E050367 12/02/2020

Receive-Only Earth Station E865078 06/27/2022

Rockford, IL (Facility ID No. 72945)

Facility Type Call Sign Exp. Date

DTV License (Channel 16) WTVO 12/01/2005

TV Pickup KM3987 12/01/2005

TV Pickup KM5296 12/01/2005

El Dorado, AR (Facility ID No. 35692)

Facility Type Call Sign Exp. Date

DTV License (Channel 27) KTVE 06/01/2013

TV Intercity Relay WFD558 06/01/2013

TV Studio Transmitter Link WFD559 06/01/2013

TV Intercity Relay WHY303 06/01/2013

TV Intercity Relay WHY304 06/01/2013

TV Studio Transmitter Link WHY305 06/01/2013

TV Studio Transmitter Link WHY307 06/01/2013

TV Intercity Relay WLF700 06/01/2013

TV Pickup KB97347 06/01/2013

TV Studio Transmitter Link KLV53 06/01/2013

Weather Radar WPKU230 07/15/2012

Industrial Business Pool, Conventional WPQA439 04/19/2015

Receive-Only Earth Station E970385 06/30/2022

TV Studio Transmitter Link WPXJ537 06/01/2013

SCHEDULE 5.17

SUBSIDIARIES

The following entity is a direct wholly-owned subsidiary of Nexstar Broadcasting Group, Inc.

Nexstar Finance Holdings, Inc.

Sec.159.

The following entity is direct wholly-owned subsidiary of Nexstar Finance Holdings, Inc.

Nexstar Broadcasting, Inc.

SCHEDULE 5.17(c)

FCC DISCLOSURE

KBTV-TV, Port Arthur, Texas

The processing of the station’s application for renewal of license is subject to a temporary "hold" or deferral from the FCC’s Enforcement Bureau by reason of one or more unspecified complaints concerning alleged "indecent" programming. On September 29, 2009, in response to a routine due diligence request submitted by counsel to Nexstar, a member of the FCC’s Enforcement Bureau reported that there are one or more formal or informal complaints currently pending against KBTV-TV.7

KFDX-TV, Wichita Falls, Texas

KLBK-TV, Lubbock, Texas

On March 15, 2006, the Commission issued a Notice of Apparent Liability for Forfeiture ("NALF") against the station pursuant to 47 C.F.R. Sec.73.3999 in the amount of $32,500 for a December 31, 2005 broadcast of the program Without A Trace. Nexstar, in association with the CBS network affiliates, submitted an opposition to the NALF. This matter remains pending before the FCC.

On August 11, 2006, the FCC issued a letter requesting information regarding the station’s broadcast of a news feature in a January 25, 2006 newscast about modular car components. The letter was prompted by a complaint from the Center for Media and Democracy ("CMD"), which asserted that the station broadcast the relevant segment without appropriate sponsorship identification. Nexstar timely filed a response to this letter inquiry and the matter remains pending.

On April 26, 2007, the FCC issued a letter requesting information regarding the station’s broadcast of a news feature in an October 11, 2006 newscast concerning Old Mother Hubbard pet foods. The letter was prompted by a complaint from the CMD, which asserted that the

station broadcast the relevant segment without appropriate sponsorship identification. Nexstar timely filed a response to this letter inquiry and the matter remains pending.

On September 29, 2009, in response to a routine due diligence request submitted by counsel to Nexstar, a member of the FCC’s Enforcement Bureau reported that there are one or more formal or informal complaints currently pending against KLBK-TV.

7 It is the general policy of the Enforcement Bureau not to confirm or deny the pendency of an investigation.

100

KMID, Midland, Texas

Following the grant of the station’s current construction permit (FCC File No. BPCDT-19991029ADE), Nexstar learned that the tower specified in that application would not be able to withstand the addition of DTV transmitting equipment. Nexstar subsequently obtained space on a nearby tower to operate the KMID-DT facilities, and on December 8, 2008, Nexstar filed an application to modify the construction permit (FCC File No. BMPCDT-20081208ADC) (the "December 2008 Modification Application"). According to certain engineering methodology employed by the FCC, the facilities proposed in the December 2008 Modification Application are predicted to serve approximately 95.9 percent of the persons that were predicted to receive the KMID analog signal. Pursuant to the policy of the FCC’s Media Bureau, an application cannot be granted if it proposes a "service loss" to two percent or more of the persons predicted to receive a station’s analog signal.

On June 3, 2009, Nexstar requested Special Temporary Authority ("STA") to operate KMID pursuant to the terms specified in the December 2008 Modification Application beyond June 12, 2009, the date on which the station terminated its analog operations. The FCC granted that request on June 9, 2009 for a three-month period expiring on September 8, 2009. On September 8, 2009, Nexstar filed a request for an extension of that STA, which currently is pending. In addition, on September 8, 2009, Nexstar filed an amendment to the December 2008 Modification Application, which provided an engineering study demonstrating that the KMID-DT facilities are providing a reliable signal in areas where the FCC’s modeling depicted an analog "loss area," and therefore there is less loss of service to former KMID viewers than previously was predicted by the FCC. Nexstar submitted that, based on the information in Nexstar’s study, the December 2008 Modification Application could be granted. The FCC has not yet acted on Nexstar’s amendment, and the December 2008 Modification Application remains pending.

KTAB-TV, Abilene, Texas

On March 15, 2006, the Commission issued a NALF against the station pursuant to 47 C.F.R. Sec.73.3999 in the amount of $32,500 for a December 31, 2005 broadcast of the program Without A Trace. Nexstar, in association with the CBS network affiliates, submitted an opposition to the NALF. This matter remains pending before the FCC.

KLST, San Angelo, TX

On March 6, 2006, a local viewer submitted a letter objection to KLST’s application for renewal of license, alleging that the station’s license should not be renewed based on Nexstar’s removal of KLST from his local cable system during a retransmission consent dispute with the cable provider. Nexstar timely filed a response and the matter remains pending.

On August 11, 2006, the FCC issued a letter requesting information regarding the station’s broadcast of a news feature in a February 14, 2006 newscast concerning flower care. The letter was prompted by a complaint from CMD, which asserted that the station broadcast the relevant segment without appropriate sponsorship identification. Nexstar timely filed a response to this letter inquiry and the matter remains pending.

KTAL-TV, Texarkana, Texas

KAMR-TV, Amarillo, Texas

101

WBRE-TV, Wilkes-Barre, Pennsylvania

WJET-TV, Erie, Pennsylvania

WLYH-TV, Lancaster, Pennsylvania

WTAJ-TV, Altoona, Pennsylvania

WROC-TV, Rochester, New York

On March 6, 2000, Senator John McCain’s Presidential campaign organization filed a complaint with the Political Programming Branch of the Enforcement Division of the Media Bureau alleging that the station broadcast an advertisement on behalf of Republicans for Clean Air with misleading sponsorship information. The campaign also alleged that the station had not adequately placed appropriate documentation regarding Republicans for Clean Air in its public inspection file. The Political Programming Branch requested that the station provide responses to two specific questions: What went into the station’s decision to accept and broadcast the announcements and what is in the station’s public inspection file regarding the sponsoring entity? Nexstar submitted its response to the FCC on March 8, 2000 and the matter remains pending.

WFXV, Utica, New York

102

WHAG-TV, Hagerstown, Maryland

KQTV, St. Joseph, Missouri

KSNF, Joplin, Missouri

On July 23, 2009, Nexstar filed a request to "toll" the construction deadline associated with its underlying construction permit (FCC File No. BMPCDT-20070125ACP), which was due to expire on August 18, 2009, for the same reasons that were set forth in the request for STA. That tolling request remains pending at the FCC.

KSFX-TV, Springfield, Missouri

On January 3, 2006, Cable America submitted a petition to deny the application for renewal of KSFX-TV’s license. Cable America raised issues with respect to Nexstar’s relationship to Mission Broadcasting, Inc. and Mission’s stations. Cable America subsequently submitted a motion to dismiss its petition to deny; however, the matter remains pending at the FCC.

On April 26, 2007, the FCC issued a letter requesting information regarding the station’s broadcast of a news feature in a September 14, 2006 newscast concerning Novartis. The letter was prompted by a complaint from CMD, which asserted that the station broadcast the relevant segment without appropriate sponsorship identification. Nexstar filed a response to the FCC’s letter on June 25, 2007, and the matter remains pending.

WTVW, Evansville, Indiana

WTWO, Terre Haute, Indiana

WFFT-TV, Fort Wayne, Indiana

On June 7, 2006, the FCC issued a letter to Nexstar inquiring about allegations that WFFT-TV broadcast allegedly indecent commercial matter on November 13, 2005 and November 27, 2005. Nexstar timely filed a response and the matter remains pending.

On May 3, 2007, the FCC issued a letter to Nexstar inquiring about allegations that WFFT-TV broadcast allegedly indecent programming on July 23, 2006. Nexstar submitted its response to this inquiry on June 4, 2007 and the matter remains pending.

103

WCFN, Springfield, Illinois

WQRF-TV, Rockford, Illinois

On May 16, 2007, the FCC issued a $10,000 NALF against WQRF-TV citing the station for its failure to comply with the FCC’s rules governing the preparation and filing of children’s television reports on FCC Form 398. On June 15, 2007, Nexstar filed a Petition for Reduction or Reconsideration of Forfeiture. The matter remains pending before the FCC.

WMBD-TV, Peoria, Illinois

WCIA, Champaign, Illinois

On March 15, 2006, the Commission issued a NALF against the station pursuant to 47 C.F.R. Sec.73.3999 in the amount of $32,500 for a December 2005 broadcast of the program Without A Trace. Nexstar, in association with the CBS network affiliates, submitted an opposition to the NALF. This matter remains pending before the FCC.

On August 11, 2006, the FCC issued a letter requesting information regarding the station’s broadcast of a news feature in a January 17, 2006 newscast concerning ethanol plants. The letter was prompted by a complaint from CMD, which asserted that the station broadcast the relevant segment without appropriate sponsorship identification. Nexstar timely filed a response to this letter inquiry and the matter remains pending.

WDHN, Dothan, Alabama

KFTA-TV, Fort Smith, Arkansas

KNWA-TV, Rogers, Arkansas

KARK-TV, Little Rock, Arkansas

104

KARZ-TV, Little Rock, Arkansas

None.

KARD, West Monroe, Louisiana

KSVI, Billings, Montana

WCWJ, Jacksonville, Florida

On September 17, 2009, in response to a routine due diligence request submitted by counsel to Nexstar Broadcasting, Inc., a member of the FCC’s Enforcement Bureau reported that there are one or more formal or informal complaints currently pending against WCWJ.

105

SCHEDULE 5.21

NETWORK AFFILIATION AGREEMENTS

Nexstar Stations

WTVW	Evansville, IN	Fox	June 2010
WQRF	Rockford, IL	Fox	June 2010
KARD	Monroe, LA-El Dorado, AR	Fox	June 2010
KSFX	Springfield, MO	Fox	June 2010
WFXV	Utica, NY	Fox	June 2010
WFFT	Ft. Wayne, IN	Fox	June 2010
WBRE	Wilkes Barre-Scranton, PA	NBC	December 2011
WTWO	Terre Haute, IN	NBC	December 2011
KFDX	Wichita Falls, TX-Lawton, OK	NBC	December 2011
KSNF	Joplin, MO-Pittsburg, KS	NBC	December 2011
WTAJ	Johnstown-Altoona, PA	CBS	May 2010
KFTA	Ft. Smith-Fayetteville-Springdale-Rogers, AR	Fox/NBC	June 2010
WDHN	Dothan, AL	ABC	December 2010
WJET	Erie, PA	ABC	December 2010
KSVI	Billings, MT	ABC	December 2010
KMID	Odessa-Midland, TX	ABC	December 2010
KQTV	St. Joseph, MO	ABC	December 2010
WPNY-LP	Utica, NY	MyNetworkTV	September 2011
WCFN	Champaign-Springfield-Decatur, IL	MyNetworkTV	September 2011
KARZ	Little Rock-Pine Bluff Arkansas	MyNetworkTV	September 2011
KLST	San Angelo, TX	CBS	August 2012
KTAB	Abilene-Sweetwater, TX	CBS	December 2012
KNWA	Ft. Smith-Fayetteville-Springdale-Rogers, AR	NBC	January 2013
WROC	Rochester, NY	CBS	January 2013
KLBK	Lubbock, TX	CBS	July 2013
WCIA	Champaign-Springfield-Decatur, IL	CBS	September 2013
WMBD	Peoria-Bloomington, IL	CBS	September 2013
KBTV	Beaumont-Port Arthur, TX	FOX	December 2013
KAMR	Amarillo, TX	NBC	December 2014
KTAL	Shreveport, LA	NBC	December 2014
KARK	Little Rock-Pine Bluff, AR	NBC	December 2014
WHAG	Washington, DC/Hagerstown, MD	NBC	December 2014
WLYH	Harrisburg-Lancaster-Lebanon-York, PA	The CW	September 2016
WCWJ	Jacksonville, FL	The CW	September 2011

Mission Stations

KCIT	Amarillo, TX	Fox	June 2010
KHMT	Billings, MT	Fox	June 2010
KJTL	Wichita Falls, TX-Lawton, OK	Fox	June 2010
WFXP	Erie, PA	Fox	June 2010
WFXW	Terre Haute, IN	Fox	June 2010
KSAN	San Angelo, TX	NBC	December 2010
KRBC	Abilene-Sweetwater, TX	NBC	December 2010
WUTR	Utica, NY	ABC	December 2010
WTVO	Rockford, IL	ABC	December 2010
KAMC	Lubbock, TX	ABC	December 2010
KCPN-LP	Amarillo, TX	MyNetworkTV	September 2011
KJBO-LP	Wichita Falls, TX-Lawton, OK	MyNetworkTV	September 2011
KTVE	Monroe, LA-El Dorado, AR	NBC	December 2011
KODE	Joplin, MO-Pittsburg, KS	ABC	December 2012
KOLR	Springfield, MO	CBS	June 2013
WYOU	Wilkes Barre-Scranton, PA	CBS	June 2015

106

SCHEDULE 6.17(a)

STATIONS WITH TOWERS, TRANSMITTERS OR TRANSLATORS

NEXSTAR TOWERS AND TRANSMITTERS

Station Call Sign	FCC ASR No.	Owner	Property Description
KAMR	1048587	American Tower	See Schedule 5.09 No. 60
KARD	1021563	American Tower	See Schedule 5.09 No. 62
KARK	1019242	Nexstar Broadcasting, Inc.	See Schedule 5.09 No. 8
KARZ8	1019242	Nexstar Broadcasting, Inc.	See Schedule 5.09 No. 8
KBTV	1267265	Nexstar Broadcasting, Inc.	See Schedule 5.09 No. 27
KFDX	1044169	Nexstar Broadcasting, Inc.	See Schedule 5.09 No. 28
KFTA	1038012	Nexstar Broadcasting, Inc.	See Schedule 5.09 No. 9
KLBK	1054347	American Tower	See Schedule 5.09 No. 63
KLST	1048460	Nexstar Broadcasting, Inc.	See Schedule 5.09 No. 34
KMID	1051488	Pinnacle	See Schedule 5.09 No. 77
KNWA	1238430	Clark Communications	See Schedule 5.09 No. 78
KQTV	1000389	Nexstar Broadcasting, Inc.	See Schedule 5.09 No. 38
KSFX	1028721	American Tower	See Schedule 5.09 No. 59
KSNF	1002544	Nexstar Broadcasting, Inc.9	See Schedule 5.09 No. 37
KSVI	1000794	American Tower	See Schedule 5.09 No. 66
KTAB	1215589	Nexstar Broadcasting, Inc.	See Schedule 5.09 No. 32
KTAL	1025912	Nexstar Broadcasting, Inc.	See Schedule 5.09 No. 11
WBRE	1027162	Mission Broadcasting, Inc.	See Schedule 5.09 No. 5
WCFN	1016051	Nexstar Broadcasting, Inc.	See Schedule 5.09 No. 24
WCIA	1016057	Nexstar Broadcasting, Inc.	See Schedule 5.09 No. 20
WCWJ	1025608	Nexstar Broadcasting, Inc.	See Schedule 5.09 No. 44
WDHN	1040389	Nexstar Broadcasting, Inc.	See Schedule 5.09 No. 39
WFFT	1034986	American Tower	See Schedule 5.09 No. 76
WFXV10	1003764	Mission Broadcasting, Inc.	See Schedule 5.09 No. 54
WHAG	1036848	American Tower	See Schedule 5.09 No. 56
WJET	1033280	Nexstar Broadcasting, Inc.	See Schedule 5.09 No. 6
WLYH	1036777	Clear Channel	See Schedule 5.09 No. 80
WMBD	1016047	Nexstar Broadcasting, Inc.	See Schedule 5.09 No. 26
WQRF	1035539	Mission Broadcasting, Inc.	See Schedule 5.09 No. 76
WROC	1003864	Nexstar Broadcasting, Inc. & WHEC TV LLC	See Schedule 5.09 No. 17
WTAJ	1026694	Nexstar Broadcasting, Inc.	See Schedule 5.09 No. 7
WTVW	1027511	American Tower	See Schedule 5.09 No. 58
WTWO	1027196	Nexstar Broadcasting, Inc.	See Schedule 5.09 No. 40
WPNY-LP11	1003764	Mission Broadcasting, Inc.	See Schedule 5.09 No. 54

NEXSTAR TRANSLATORS

Station Call Sign	Signal Identified	Equipment Location
KLBK	K44FG	Snyder, TX
KMID	K12FM	Fort Stockton, TX
KAMR	K25CP	Tulia, TX
KAMR	K28BA	San Jon, TX
KAMR	K45BF	Clovis, NM
WBRE	W24BL	Pottsville, PA
WBRE	W30AN	Williamsport, PA
WBRE	W51BP	Clarks Summit, PA
WBRE	W64AL	Stroudsburg, PA
WFXV	WPNY-LP	Utica, NY
WFXV	W31BP	Burlington, NY
WFXV	W53AM	Utica, NY
KSVI	K06AT	Sheridan, WY
KSVI	K16DH	Miles City, MT
KSVI	K16DZ	Hardin, MT
KSVI	K19FF	Miles City, MT
KSVI	K25BP	Hardin, MT
KSVI	K27IM	Billings, MT
KSVI	K33EA	Columbus, MT
KSVI	K58IH	Colstrip, MT
KSVI	K66EQ	Colstrip, MY

MISSION TOWERS AND TRANSMITTERS

Station Call Sign	FCC ASR No.	Owner	Property Description
KAMC	1054347	American Tower	See Schedule 5.09 No. 120
KCIT	1048587	American Tower	See Schedule 5.09 No. 116
KHMT	1026263	American Tower	See Schedule 5.09 No. 122
KJTL	1050255	Mission Broadcasting, Inc.	See Schedule 5.09 No. 113
KODE	1012933	Spectrasite/American Tower	See Schedule 5.09 No. 114
KOLR	1028721	American Tower	See Schedule 5.09 No. 115
KRBC12	1215589	Nexstar Broadcasting, Inc.	See Schedule 5.09 No. 32
KSAN	1054170	Producers Livestock Auction Company	See Schedule 5.09 No. 126
KTVE	1039950	American Tower	See Schedule 5.09 No. 123
WFXP13	1033280	Nexstar Broadcasting, Inc.	See Schedule 5.09 No. 6
WFXW	1027196	Mission Broadcasting, Inc.	See Schedule 5.09 No. 49
WTVO	1035539	Mission Broadcasting, Inc.	See Schedule 5.09 No. 55
WUTR	1003764	Mission Broadcasting, Inc.	See Schedule 5.09 No. 54
WYOU	1027162	Mission Broadcasting, Inc.	See Schedule 5.09 No. 45
KJBO-LP	1058252	Andrews Tower	See Schedule 5.09 No. 124
KCPN-LP	1048587	American Tower	See Schedule 5.09 No. 116

MISSION TRANSLATORS

Station Call Sign	Signal Identified	Equipment Location
WYOU	W19AR	Clarks Summit, PA
WYOU	W26AT	Williamsport, PA
WYOU	W54AV	Mansfield, PA
WYOU	W55AG	Williamsport, PA
WYOU	W60AH	Stroudsburg, PA
WYOU	W66AI	Pottsville, PA
KCIT	KCPN-LP	Amarillo, TX
KCIT	K30DZ	San Jon, NM
KCIT	K35CG	Bovina, TX
KCIT	K47DH	Clovis, NM
KJTL	KJBO-LP	Amarillo, TX
KJTL	K47DK	Grandfield, OK
KJTL	K53DS	Lawton, OK

8 KARZ operated out of KARK facility.

9 Top 500 feet of tower collapsed on May 8, 2009; being rebuilt approximately 10 feet away and will be assigned a new ASR number.

10 Tower owned by WUTR.

11 Tower owned by WUTR.

12 Tower operated by KTAB.

13 Tower owned by WJET.

107

SCHEDULE 6.17(b)

PETTY CASH ACCOUNTS

108

SCHEDULE 7.02

EXISTING LIENS

KTAL-Shreveport, LA (LA1):

•	State Tax Lien against Nexstar Broadcasting of Louisiana, L.L.C. in favor of Louisiana Department of Revenue, in the principal amount of $200,256.42, dated 1/27/05, recorded 3/1/05, in Bk. 4016, page 266, under registry No. 1961885 of the Mortgage Records of Caddo Parish, LA.

KTAL-Shreveport, LA (LA2):

•	State Tax Lien against Nexstar Broadcasting of Louisiana, L.L.C. in favor of Louisiana Department of Revenue, in the principal amount of $200,256.42, dated 1/27/05, recorded 3/1/05, in Bk. 4016, page 266, under registry No. 1961885 of the Mortgage Records of Caddo Parish, LA.

•

Redemption of City Tax Sale for unpaid 2004 taxes, assessed in the name of Nexstar Broadcasting, L.L.C., as evidenced by deed in favor of Red Hill Associates, L.L.C. and recorded 6/17/05, in Bk. 3773, pg. 255, under Registry No. 1983860 and confirmed by motion judgment in favor of Investors Funding, L.L.C. recorded 2/13/09 in Bk. 4195, pg. 117, of the Conveyance Records of Caddo Parish, LA.

•

Redemption of City Tax Sale for unpaid 2004 taxes, assessed in the name of Nexstar Broadcasting, L.L.C., as evidenced by deed in favor of Mortgage Equities and recorded 6/17/05, in Bk. 3773, pg. 256, under Registry No. 1983861 and confirmed by motion judgment in favor of Investors Funding, L.L.C. recorded 2/13/09 in Bk. 4195, ,pg. 117, of the Conveyance Records of Caddo Parish, LA.

WTWO-Terre Haute, IN (IN1)

•	Tax Warrant in the amount of $5,298.46 in favor of the State of IN against Nexstar Broadcasting of the Midwest filed 6/24/2005 for Cause No. 05140342.

WROC-Rochester, NY (NY1, 2 & 3)

•	Judgment against Nexstar Broadcasting Group, Inc. in favor of Workers Compensation Board of the State of New York in the amount of $79,000.00 for Cause No. 11582/09; perfected 7/13/09; Docketed 8/14/09.

109

SCHEDULE 7.05(l)

EXISTING INDEBTEDNESS

INDEBTEDNESS	FACE VALUE OUTSTANDING
11.375% Senior Discount Notes due 2013, issued by Nexstar Finance Holdings, Inc. (the "11.375 Notes").	$49,981,388
7% Senior Subordinated PIK Notes due 2014, issued by Nexstar Broadcasting, Inc. (the "7% PIK Notes").	$142,320,761
7% Senior Subordinated Notes due 2014, issued by Nexstar Broadcasting, Inc. (the "7% Notes").	$47,910,000
Senior Subordinated PIK Notes due 2014, issued by Nexstar Broadcasting, Inc. (the "Senior Subordinated PIK Notes").	$35,623,410
Nexstar Broadcasting Group, Inc. guarantees all of the outstanding principal amounts of the 11.375% Notes, the 7% Senior Subordinated Notes, the the 7% Senior Subordinated PIK Notes and the Senor Subordinated Notes.
The Nexstar Entities Guarantee all obligations incurred by the Mission Borrower under the Mission Loan Documents.

110

SCHEDULE 7.06

AFFILIATE TRANSACTIONS

See Schedule 1.01(A)

Agreement between Mission Broadcasting of Wichita Falls, Inc., Mission Broadcasting of Amarillo, Inc., Bastet Broadcasting, Inc., David Smith and Nancie J. Smith dated as of January 1, 2001, as amended.

111

SCHEDULE 7.11

INVESTMENTS

Nexstar Broadcasting Group, Inc. owns all of the outstanding common stock of Nexstar Finance Holdings, Inc.

Nexstar Finance Holdings, Inc. owns all of the outstanding common stock of Nexstar Broadcasting, Inc.

112

SCHEDULE 8.01(a)

MISSION REPRESENTATIONS AND WARRANTIES

1. Each Mission Entity (a) is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization; (b) has the corporate, limited liability company or partnership power and authority, legal right and all governmental licenses, Authorizations, consents and approvals to own (or hold under lease) and operate its property or assets and conduct the business in which it is currently engaged except, with respect only to such legal right and governmental licenses, Authorizations, consents and approvals, where the failure to possess any such legal right or governmental license, Authorization, consent or approvals could not reasonably be expected to have a Material Adverse Effect (as defined in the Mission Credit Agreement); (c) has the corporate, limited liability company or partnership power and authority, legal right and all governmental licenses, Authorizations, consents and approvals to execute, deliver, and perform its obligations under the Mission Loan Documents to which it is a party; (d) is duly qualified to do business as a foreign entity, and licensed and in good standing, under the laws of each jurisdiction where its ownership, lease or operation of property or the nature or conduct of its business requires such qualification or license, except where the failure so to qualify could not reasonably be expected to have a Material Adverse Effect (as defined in the Mission Credit Agreement); and (e) is in compliance, in all material respects, with all Requirements of Law; or

2. The execution, delivery and performance by each Mission Entity of each Mission Loan Document to which such Mission Entity is a party has been duly authorized by all necessary corporate, limited liability company or partnership action, as the case may be, of such Mission Entity and does not and will not: (a) contravene any terms of the Charter Documents (as defined in the Mission Credit Agreement) of such Mission Entity, (b) conflict with or result in any breach or contravention of, constitute (alone or with notice or lapse of time or both) a default under or give rise to any right to accelerate any material Contractual Obligation (as defined in the Mission Credit Agreement) of any Mission Entity and will not result in, or require, the creation of any Lien on any of their respective properties or any revenues, income or profits therefrom, whether now owned or hereafter acquired pursuant to any Requirement of Law or Contractual Obligation (as defined in the Mission Credit Agreement) (other than pursuant to the Security Documents (as defined in the Mission Credit Agreement, referred to herein as the “Mission Security Documents”)) to which such Mission Entity is a party or any order, injunction, writ or decree of any Governmental Authority to which such Mission Entity or its property is subject; or (c) violate any Requirement of Law. On or prior to the Second Amendment Effective Date, the Administrative Agent (as defined in the Mission Credit Agreement, referred to herein as the “Mission Administrative Agent”) shall have received copies of all Charter Documents (as defined in the Mission Credit Agreement) for each Credit Party, as each such Charter Document is in effect on the Second Amendment Effective Date, including all schedules, exhibits, annexes and other documents and instruments related thereto or in connection therewith; or

3. No approval, consent, exemption, Authorization, or other action by, or in respect of, or notice to, or filing with (or approvals required under state blue sky securities laws) any Governmental Authority or any other Person is necessary or required in connection with the execution, delivery or performance by, or enforcement against, any Mission Entity of any Mission Loan Document to which it is a party, except that (i) certain of the Mission Loan Documents may have to be filed with the FCC after the Effective Date and (ii) the prior approval of the FCC may be required for the Mission Lenders to exercise certain of their rights with respect to the Stations (as defined in the Mission Credit Agreement); or

4. Each Loan Document to which any Mission Entity is a party constitutes the legal, valid and binding obligation of such Mission Entity to the extent such Mission Entity is a party thereto, enforceable against such Mission Entity in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, or similar laws affecting the enforcement of creditors' rights generally or by equitable principles of general applicability; or

5. There are no actions, suits, proceedings, claims or disputes pending, or to the best knowledge of each Mission Entity, threatened at law, in equity, in arbitration or before any Governmental Authority, against any Mission Entity or any of their respective properties or assets which: (a) purport to affect or pertain to the Mission Credit Agreement or any other Mission Loan Document, or any of the transactions contemplated thereby; or (b) as to which there is a reasonable possibility of an adverse determination, that if adversely determined, could, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect (as defined in the Mission Credit Agreement). No injunction, writ, temporary restraining order or any order of any nature has been issued by any court or other Governmental Authority purporting to enjoin or restrain the execution, delivery or performance of the Mission Credit Agreement or any other Mission Loan Document, or directing that any transaction provided for herein or therein not be consummated as therein provided; or

6. No Default (as defined in the Mission Credit Agreement) exists or will result from the incurring of any Mission Obligations by any Mission Entity. No Mission Entity is in default under or with respect to any Contractual Obligation (as defined in the Mission Credit Agreement) in any respect which, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect (as defined in the Mission Credit Agreement); or

7. Each employee benefit plan (as defined in Section 3(3) of ERISA) which any Mission Entity or any "ERISA Affiliate" (as defined in the Mission Credit Agreement, referred to herein as a "Mission ERISA Affiliate") sponsors or maintains, or to which any Mission Entity or any Mission ERISA Affiliate makes or is making, or is obligated to make, contributions and includes any "Pension Plan" (as defined in the Mission Credit Agreement, referred to herein as a "Mission Pension Plan") or "Multiemployer Plan" (as defined in the Mission Credit Agreement, referred to herein as a "Mission Multiemployer Plan") (such employee benefit plan referred to herein as a "Mission Plan") is in compliance in all material respects with the applicable provisions of ERISA, the Code and other federal or state law. Each Mission Plan which is intended to qualify under Section 401(a) of the Code (i) has received a favorable determination letter from the Internal Revenue Service or (ii) has been recently established and has not received such a determination letter and such Mission Plan complies with the requirements of Section 401(a) of the Code; and to the best knowledge of each Mission Entity nothing has occurred which would cause the loss of such qualification or the revocation of such determination letter. There are no pending or, to the best knowledge of each Mission Entity, threatened claims, actions or lawsuits, or action by any Governmental Authority, with respect to any Mission Plan which has resulted, or could reasonably be expected to result, in a Material Adverse Effect (as defined in the Mission Credit Agreement). There has been no prohibited transaction or violation of the fiduciary responsibility rules with respect to any Mission Plan which has resulted, or could reasonably be expected to result, in a Material Adverse Effect (as defined in the Mission Credit Agreement). No "ERISA Event" (as defined in the Mission Credit Agreement, referred to herein as a "Mission ERISA Event") has occurred or is reasonably expected to occur with respect to any Mission Pension Plan or Mission Multiemployer Plan. As of the date hereof, no Mission Pension Plan has an "Unfunded Pension Liability" (as defined in the Mission Credit Agreement, referred to herein as a "Mission Unfunded Pension Plan"). No Mission Entity and no Mission ERISA Affiliate has incurred, nor reasonably expects to incur, any material liability under Title IV of ERISA with respect to any Mission Pension Plan. No Mission Entity and no Mission ERISA Affiliate has incurred nor reasonably expects to incur any material liability (and no event has occurred which, with the giving of notice under Section 4219 of ERISA, would result in such material liability) under Section 4201 or 4243 of ERISA with respect to a Mission Multiemployer Plan. No Mission Entity and no Mission ERISA Affiliate has transferred any Mission Unfunded Pension Liability to any Person or otherwise engaged in a transaction that could be subject to Section 4069 or 4212(c) of ERISA; or

8. No Mission Entity is engaged principally, or as one of its important activities, in the business of extending credit for the purpose of purchasing or carrying Margin Stock; or

9. Each Mission Entity has good record and indefeasible title in fee simple to, or a valid leasehold interest in, all its Real Property, and good title to, a valid leasehold interest in, or a valid right to use, all its other property and assets which are material to the operations of its businesses, in each case subject only to Permitted Liens. All Mortgaged Properties of the Mission Entities as of December 15, 2009 are listed on Schedule 5.09 (except the two properties listed on such schedule asterisked as not to be mortgaged). Each Nexstar Entity has good record and indefeasible title in fee simple to, or a valid leasehold interest in, all its Real Property, and good title to, a valid leasehold interest in, or a valid right to use, all its other property and assets which are material to the operations of its businesses, in each case subject only to Permitted Liens. All Mortgaged Properties of the Nexstar Entities as of December 15, 2009 are listed on Schedule 5.09 (except the two properties listed on such schedule asterisked as not to be mortgaged). The list of real properties owned and leased on Schedule 5.09 is a true, accurate and complete listing of all real property of the Credit Parties owned and/or leased by any Credit Party on the Second Amendment Effective Date. The list of repeaters, towers, transmitters and translators on Schedule 6.17(a) is a true, accurate and complete list of all repeaters, towers, transmitters and translators (other than any such equipment located on a motor vehicle which will be subject to a Lien and security interest pursuant to Section 6.17(b)) owned and/or leased by any Credit Party on the Second Amendment Effective Date. Each Mission Entity has complied with all obligations under all leases to which it is a party and all such leases are in full force and effect and (ii) each Mission Entity enjoys peaceful and undisturbed possession under all such leases under which it is a tenant, in each case except where the failure to comply or to enjoy such possession, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect (as defined in the Mission Credit Agreement). As of the date of the Mission Credit Agreement, (i) no Mission Entity has received any notice of, nor does any Credit Party have any knowledge of, any pending or contemplated condemnation proceeding affecting any Real Property owned by such Mission Entity or any sale or disposition thereof in lieu of condemnation and (ii) no Mission Entity is obligated under any right of first refusal, option or other contractual right to sell, assign or otherwise dispose of any of its Real Property or any interest therein. Each Mission Entity owns, or otherwise has the right to use, all trademarks, tradenames, copyrights, technology, know-how and processes ("Mission Intellectual Property") necessary for the conduct of its business as currently conducted except for those which the failure to own or have the right to use, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect (as defined in the Mission Credit Agreement). Except for such claims that, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect (as defined in the Mission Credit Agreement), no claim has been asserted and is pending by any Person challenging or questioning the use of any such Mission Intellectual Property or the validity or effectiveness of any such Mission Intellectual Property, nor does any Mission Entity know of any valid basis for any such claim. Except for such infringements that, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect (as defined in the Mission Credit Agreement), to the knowledge of each Mission Entity, the use of such Mission Intellectual Property by such Mission Entity does not infringe on the rights of any Person; or

10. Each Mission Entity has filed all federal and other material tax returns and reports required to be filed and paid the tax thereon shown to be due, and has paid all federal and other material taxes, assessments, fees and other governmental charges levied or imposed upon them or their properties, income or assets otherwise due and payable, except those which are being contested in good faith by appropriate proceedings and for which adequate reserves have been provided in accordance with GAAP. There is no proposed tax assessment against any Mission Entity which, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect (as defined in the Mission Credit Agreement); or

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11. (a) The Audited Financial Statements (as defined in the Mission Credit Agreement) (i) were prepared in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein; (ii) fairly present the financial condition of the Mission Borrower as of the date thereof and their results of operations for the period covered thereby in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein; and (iii) show all material indebtedness and other liabilities, direct or contingent, of the Mission Borrower as of the date thereof, including liabilities for taxes, material commitments and Indebtedness, in each case to the extent required by GAAP (so applied) to be shown therein. (b)The unaudited consolidated balance sheet of the Mission Borrower, if any, most recently delivered to the Mission Administrative Agent pursuant to Section 6.01(b) of the Mission Credit Agreement, and the related consolidated statements of income or operations, shareholders' equity and cash flows for the Fiscal Quarter ended on the date of such balance sheet (i) were prepared in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein, and (ii) fairly present the financial condition of the Mission Borrower as of the date thereof and their results of operations for the period covered thereby, subject, in the case of clauses (i) and (ii), to the absence of footnotes and to normal year end audit adjustments. (b) Since the date of the Audited Financial Statements (as defined in the Mission Credit Agreement), there has been no event or circumstance, either individually or in the aggregate, that has had or could reasonably be expected to have a Material Adverse Effect (as defined in the Mission Credit Agreement). (c) Since the date of the Audited Financial Statements (as defined in the Mission Credit Agreement), no Internal Control Event has occurred that has had or could reasonably be expected to have a Material Adverse Effect (as defined in the Mission Credit Agreement);or

12 All transactions contemplated by the Mission Credit Agreement and the other Mission Loan Documents comply in all material respects with (a) Regulations T, U and X of the Federal Reserve Board and (b) all other Applicable Laws and any rules and regulations thereunder, except where the failure to comply, in the case of this clause (b), could not reasonably be expected to have a Material Adverse Effect (as defined in the Mission Credit Agreement); or

13. No Mission Entity is an "investment company" within the meaning of the Investment Company Act of 1940 or a "holding company," or a "subsidiary company" of a "holding company," or an "affiliate" of a "holding company" or of a "subsidiary company" of a "holding company," within the meaning of the Public Utility Holding Company Act of 1935. No Mission Entity is subject to regulation under any other federal or state statute or regulation which limits its ability to incur Indebtedness or Guaranty Obligations under any Mission Loan Document; or

14. All factual information (excluding, in any event, financial projections) heretofore or contemporaneously herewith furnished by or on behalf of any Mission Entity in writing to the Mission Administrative Agent or any Lender (as defined in the Mission Credit Agreement) for purposes of or in connection with the Mission Credit Agreement or any transaction contemplated thereby, and all other such factual information hereafter furnished by or on behalf of any Mission Entity to the Mission Administrative Agent or any Lender (as defined in the Mission Credit Agreement) will be, true and accurate in every material respect on the date as of which such information is dated or certified and not incomplete by omitting to state any material fact necessary to make such information, in the light of the circumstances existing at the time such information was delivered, not misleading; or

15. The Mission Entities and their respective Subsidiaries conduct in the ordinary course of business a review of the effect of existing Environmental Laws and claims alleging potential liability or responsibility for violation of any Environmental Law on their respective businesses, operations and properties, and as a result thereof the no Credit Party has reasonably concluded that such Environmental Laws and claims could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect (as defined in the Mission Credit Agreement); or

16. With respect to properties currently owned or operating by any Mission Entity or any of their Subsidiaries, or to the knowledge of the Mission Entities, any property formerly owned or operated by any Mission Entity or any of its Subsidiaries: (i) no such property is listed or proposed for listing on the NPL or on the CERCLIS or any analogous foreign, state or local list or is adjacent to any such property; (ii) to the knowledge of the Mission Entities, (A) there are no and never have been any underground or above-ground storage tanks or any surface impoundments, septic tanks, pits, sumps or lagoons in which Hazardous Materials are being or have been treated, stored or disposed on any property currently owned or operated by any Mission Entity or any of its Subsidiaries or on any property owned by any other Credit Party or formerly owned or operated by any Credit Party; (B) there is no asbestos or asbestos-containing material on any property currently owned or operated by any Credit Party or any of its Subsidiaries; and (iii) Hazardous Materials have not been released, discharged or disposed of on any property currently or formerly owned or operated by any Credit Party or any of its Subsidiaries in excess of the applicable legal limit, in each case of (a)(i) through (iii) above, other than such matters which, individually or in the aggregate, could not reasonably be expected to result in a liability to the Credit Parties, taken as a whole, in an amount greater than $500,0000 during the term of the Mission Credit Agreement. Neither any Mission Entity nor any of its Subsidiaries is undertaking, and has not completed, either individually or together with other potentially responsible parties, any investigation or assessment or remedial or response action relating to any actual or threatened release, discharge or disposal of Hazardous Materials at any site, location or operation, either voluntarily or pursuant to the order of any Governmental Authority or the requirements of any Environmental Law; and all Hazardous Materials generated, used, treated, handled or stored at, or transported to or from, any property currently or formerly owned or operated by any Mission Entity or any of its Subsidiaries have been disposed of in a manner not reasonably expected to result in material liability to any Mission or any of its Subsidiaries, in each case above, other than such matters which, individually or in the aggregate, could not reasonably be expected to result in a liability to the Credit Parties, taken as a whole, in an amount greater than $500,000 during the term of the Mission Credit Agreement; or

17. Each Mission Entity holds such validly issued FCC licenses and Authorizations as are necessary to operate its respective Stations (the "Mission Stations") as they are currently operated (collectively, the "Mission FCC Licenses"), and each such Mission FCC License is in full force and effect (it being recognized that, as indicated on Schedules 5.17 and 5.17(c) to the MIssion Credit Agreement, certain Mission Stations are operating pursuant to Special Temporary Authority). The Mission Stations and the Mission FCC Licenses of each Mission Entity as of the Second Amendment Effective Date are listed on Schedule 5.16, and each of such Mission FCC Licenses has the expiration date indicated on Schedule 5.16. No Credit Party has knowledge of any condition imposed by the FCC as part of any Mission FCC License which is neither set forth on the face thereof as issued by the FCC nor contained in the rules and regulations of the FCC applicable generally to stations of the type, nature, class or location of the Mission Station in question. Except as otherwise set forth on Schedules 5.16 and 5.17(c) to the Mission Credit Agreement, each Mission Station has been and is being operated in all material respects in accordance with the terms and conditions of the Mission FCC Licenses applicable to it and the rules and regulations of the FCC and the Communications Act. Except as otherwise set forth on Schedules 5.16 and 5.17(c) to the Mission Credit Agreement, no proceedings are pending or are threatened which may result in the revocation, modification, non-renewal or suspension of any of the Mission FCC Licenses, the denial of any pending applications, the issuance of any cease and desist order or the imposition of any fines, forfeitures or other administrative actions by the FCC with respect to any Mission Station or its operation, other than any matters which, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect (as defined in the Mission Credit Agreement) and proceedings affecting the television broadcasting industry in general. All reports, applications and other documents required to be filed by the Mission Entities with the FCC with respect to the Mission Stations have been timely filed, and all such reports, applications and documents are true, correct and complete in all respects, except where the failure to make such timely filing or any inaccuracy therein could not reasonably be expected to have a Material Adverse Effect (as defined in the Mission Credit Agreement), and except as otherwise set forth on Schedules 5.16 and 5.17(c) to the Mission Credit Agreement, no Credit Party has knowledge of any matters which could reasonably be expected to result in the suspension or revocation of or the refusal to renew any of the Mission FCC Licenses or the imposition on any Mission Entity of any material fines or forfeitures by the FCC, or which could reasonably be expected to result in the revocation, rescission, reversal or modification of any Mission Station's authorization to operate as currently authorized under the Communications Act and the policies, rules and regulations of the FCC. There are no unsatisfied or otherwise outstanding citations issued by the FCC with respect to any Mission Station or its operations. The Mission Borrower has delivered to the Mission Lenders true and complete copies of all Mission FCC Licenses (including any and all amendments and other modifications thereto) and all pending applications relating thereto; or

18. No Mission Entity has any Subsidiaries except, on the Second Amendment Effective Date, those Subsidiaries which are identified in Schedule 5.17 to the Mission Credit Agreement; or

19. As of each date of Credit Event hereunder, each Mission Entity is Solvent on a consolidated and consolidating basis, both before and after giving effect to any transaction with respect to which this representation and warranty is being made and to the incurrence of all Indebtedness, Guarantee Obligations and other obligations incurred on such date in connection herewith and therewith; or

20. There are no labor controversies pending or, to the best knowledge of each Mission Entity, threatened against any Mission Entity which could reasonably be expected to have a Material Adverse Effect (as defined in the Mission Credit Agreement); or

21. Each of the Pledge Agreement and the Smith Pledge Agreement (as each is defined in the Mission Credit Agreement) is effective to create in favor of the Collateral Agent (as defined in the Mission Credit Agreement, referred to herein as the “Mission Collateral Agent”) or the Mission Administrative Agent, for the benefit of the Mission Lenders, a legal, valid and enforceable security interest in the collateral pledged thereunder, and the Lien granted pursuant to the Pledge Agreement and the Smith Pledge Agreement (as each is defined in the Mission Credit Agreement) constitutes a fully perfected first priority Lien on, and security interest in, all right, title and interest of the pledgor or pledgors thereunder in such pledged collateral and the proceeds thereof, in each case prior and superior in right to any other Person. The Security Agreement (as defined in the Mission Credit Agreement) is effective to create in favor of the Mission Collateral Agent or the Mission Administrative Agent, for the benefit of the Mission Lenders, a legal, valid and enforceable security interest in the Security Agreement Collateral (as defined in the Mission Credit Agreement) and proceeds thereof and the Lien granted pursuant to the Security Agreement (as defined in the Mission Credit Agreement) constitutes a fully perfected Lien on, and security interest in, all right, title and interest of the grantor or grantors thereunder in such Collateral (as defined in the Mission Credit Agreement) and the proceeds thereof, in each case prior and superior in right to any other Person, other than with respect to the rights of Persons pursuant to Permitted Liens (as defined in the Mission Credit Agreement); or

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22. The Mission Borrower has delivered to the Mission Administrative Agent an accurate and complete list, as of the Second Amendment Effective Date, of each effective Network Affiliation Agreement (as defined in the Mission Credit Agreement) and the expiration date therefor; or

23. All of the material properties, equipment and systems of each Mission Entity and the Mission Stations are, and all material properties, equipment and systems to be added in connection with any contemplated Mission Station expansion or construction will be, in condition which is sufficient for the operation thereof in accordance with past practice of the Mission Station in question and are and will be in compliance with all applicable standards, rules or requirements imposed by (a) any governmental agency or authority including without limitation the FCC and (b) any Mission FCC License, in each case except where such noncompliance could not reasonably be expected to have a Material Adverse Effect (as defined in the Mission Credit Agreement); or

24. As of the Second Amendment Effective Date, the information contained in the most recently delivered Information Certificate (as defined in the Mission Credit Agreement) is true, accurate and complete in all respects, and thereafter the Information Certificate (as defined in the Mission Credit Agreement), together with all other such information hereafter furnished by or on behalf of any Mission Entity to the Mission Administrative Agent reflecting any changes or additions to the Information Certificate (as defined in the Mission Credit Agreement), shall be true, accurate and complete in all respects; or

25. Each Mission Entity maintains with financially sound and reputable insurance companies not Affiliates of Mission Borrower, insurance with respect to its properties and business against loss or damage of the kinds customarily insured against by Persons engaged in the same or similar business, of such types and in such amounts as are customarily carried under similar circumstances by such other Persons; or

26. The provisions of the Mission Security Documents are effective to create in favor of the Mission Administrative Agent for the benefit of the Secured Parties (as defined in the Mission Credit Agreement) a legal, valid and enforceable first priority Lien (subject to Permitted Liens (as defined in the Mission Credit Agreement)) on all right, title and interest of the respective Mission Entities in the Collateral owned by each such Mission Entity as described therein. Except for filings completed prior to the Second Amendment Effective Date and as contemplated hereby and by the Mission Security Documents, no filing or other action will be necessary to perfect or protect such Liens; or

27. Full and complete copies of all Nexstar/Mission Agreements in effect on the Second Amendment Effective Date have been delivered to the Mission Administrative Agent together with all exhibits, schedules, annexes and other documents related thereto or executed in connection therewith.

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SCHEDULE 8.01(b)

MISSION COVENANTS

Schedule 8.01(b)

1. The Mission Borrower shall deliver to the Mission Administrative Agent with sufficient copies of each Lender (as defined in the Mission Credit Agreement), (a) as soon as available, but not later than 90 days after the end of each Fiscal Year, (i) a copy of the audited consolidated balance sheet of the Mission Borrower and its consolidated Subsidiaries as at the end of such Fiscal Year and the related consolidated statements of income or operations, shareholders' or members' equity and cash flows for such Fiscal Year, setting forth in comparative form the figures for the previous Fiscal Year, and accompanied by (A) a report and opinion of PricewaterhouseCoopers LLP or another Registered Public Accounting Firm of nationally recognized standing reasonably acceptable to the Majority Lenders (as defined in the Mission Credit Agreement), which report and opinion shall be prepared in accordance with generally accepted auditing standards and applicable Securities Laws and shall not be subject to any "going concern" or like qualification or exception or any qualification or exception as to the scope of such audit and (B) if required to be included in the Mission Borrower's periodic reports under the applicable Securities Laws, an attestation report of PricewaterhouseCoopers LLP or such other Registered Public Accounting Firm as to the Mission Borrower’s internal controls pursuant to Section 404 of Sarbanes Oxley showing no Internal Control Event or Events, that, in the aggregate (1) could reasonably be expected to have a Material Adverse Effect (as defined in the Mission Credit Agreement), or (2) could reasonably be expected to permit the occurrence of a Material Adverse Effect (as defined in the Mission Credit Agreement) if left unremedied; and (ii) a copy of the annual budget for the Mission Borrower and its Subsidiaries for the next Fiscal Year in form and detail acceptable to the Mission Administrative Agent; (b)as soon as available, but not later than 45 days after the end of each of the first three Fiscal Quarters of each Fiscal Year, a copy of the unaudited consolidated balance sheet of the Mission Borrower and its consolidated Subsidiaries as of the end of such Fiscal Quarter and the related consolidated statements of income or operations, shareholders' or members' equity and cash flows for the period commencing on the first day and ending on the last day of such Fiscal Quarter, and certified (in a certificate of the Mission Borrower, executed on behalf of the Mission Borrower by a Responsible Officer) as being complete and correct and fairly presenting in all material respects, in accordance with GAAP (except for the absence of footnotes and subject to normal year-end adjustments), the financial position and the results of operations of the Mission Borrower and its consolidated Subsidiaries; and (c) as soon as available, but not later than 30 days after the end of each month, a copy of the unaudited consolidated balance sheet of the Mission Borrower and its consolidated Subsidiaries as of the end of such month and the related statements of income, shareholders' or members' equity and cash flows for the period commencing on the first day and ending on the last day of such month, and certified (in a certificate of the Mission Borrower, executed on behalf of the Mission Borrower by a Responsible Officer) as being complete and correct and fairly presenting in all material respects, in accordance with GAAP (except for the absence of footnotes and subject to normal year-end adjustments), the financial position and the results of operations of the Mission Borrower and its consolidated Subsidiaries.

Annex II to Second Amendment to

Fourth Amended and Restated Credit Agreement

5432462v.2 25690/684

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2. The Mission Borrower shall furnish to the Mission Administrative Agent, with sufficient copies for each Lender (as defined in the Mission Credit Agreement): (a) concurrently with the delivery of the financial statements referred to in Section 6.01(a) and (b) of the Mission Credit Agreement, a Compliance Certificate (as defined in the Mission Credit Agreement) of the Mission Borrower; (b) promptly after the same are sent, copies of all financial statements and reports which any Mission Entity sends to its shareholders, partners or members; and promptly after the same are filed, copies of all financial statements and regular, periodical or special reports which any Mission Entity may make to, or file with, the SEC, other than filings on Form 11-K and S-8; (c) promptly, such additional business, financial and other information with respect to any Mission Entity as the Mission Administrative Agent, at the request of any Lender (as defined in the Mission Credit Agreement), may from time to time reasonably request; (d) promptly after the furnishing thereof, copies of any statement or report furnished to any holder of debt securities of the Mission Borrower pursuant to the terms of any indenture, loan or credit or similar agreement; (e) promptly, and in any event within two Business Days after receipt thereof by the Mission Borrower, copies of each notice or other correspondence received from the SEC (or comparable agency in any applicable non-U.S. jurisdiction) concerning any investigation or possible investigation or other inquiry by such agency regarding financial or other operational results of the Mission Borrower; and (f) promptly upon receipt thereof, notice of any change in, or change regarding, the credit ratings (if any) of any Mission Entity by Moody's or S & P.

3. The Mission Borrower shall, upon any Responsible Officer of any Mission Entity obtaining knowledge thereof, give notice (accompanied by a reasonably detailed explanation with respect thereto) to the Mission Administrative Agent, the L/C Issuer and each Lender (as defined in the Mission Credit Agreement): (a) promptly of the occurrence of any Default (as defined in the Mission Credit Agreement) under the Mission Credit Agreement; (b) promptly of any matter (i) that has resulted in a Material Adverse Effect (as defined in the Mission Credit Agreement) or promptly after the assertion or occurrence thereof, notice of any action or proceeding against or of any noncompliance by any Credit Party or any of their Subsidiaries with any Environmental Law (ii) that could (A) reasonably be expected to have a Material Adverse Effect (as defined in the Mission Credit Agreement) or (B) cause any property described in the Mortgages to be subject to any restrictions on ownership, occupancy, use or transferability under any Environmental Law; (c) promptly of any litigation, arbitration, or governmental investigation or proceeding not previously disclosed by the Mission Borrower to the Mission Lenders which has been instituted or, to the knowledge of any Mission Entity, is threatened against any Credit Party or to which any of their respective properties is subject (i) which could reasonably be expected to have a Material Adverse Effect (as defined in the Mission Credit Agreement) or (ii) which relates to the Mission Credit Agreement, any other Mission Loan Document or any of the transactions contemplated hereby; (d) promptly of any development which shall occur in any litigation, arbitration, or governmental investigation or proceeding previously disclosed by any Mission Entity to the Mission Lenders regarding any Credit Party which could reasonably be expected to have a Material Adverse Effect (as defined in the Mission Credit Agreement); (e) promptly of any of the following events affecting any Credit Party or any Mission ERISA Affiliate (but in no event more than ten days after such event), together with a copy of any notice with respect to such event that may be required to be filed with a Governmental Authority and any notice delivered by a Governmental Authority to any Mission Entity or any Mission ERISA Affiliate with respect to such event: (i) an Mission ERISA Event; or (ii) any of the representations and warranties in Section 5.07 of the Mission Credit Agreement ceasing to be true and correct; (f) promptly of any material change in accounting policies or financial reporting practices by any Mission Entity; (g) (i) promptly notify the Agents and (ii) within 30 Business Days notify the Mission Lenders of the occurrence of any of the following events numbered (1) through (3) below; provided however, to the extent not previously disclosed to the Mission Lenders, the Mission Borrower shall notify the Agents and the Mission Lenders of the occurrence of any of the following events numbered (1) through (3) below not less than two Business Days (or such lesser notice prior to public disclosure as is reasonable under the circumstances) prior to (A) the public announcement thereof by a representative of the Mission Borrower, (B) the filing with the SEC or any other Governmental Authority of any report or communication related thereto or (C) the submission of a Request for Credit Extension: (1)any Internal Control Event (as defined in the Mission Credit Agreement) (I) which is required to be publicly disclosed of which a Responsible Officer (other than a Responsible Officer committing the fraud constituting such Internal Control Event (as defined in the Mission Credit Agreement)) has knowledge, (II) which the Mission Borrower intends to disclose or (III) which has otherwise become known to the public (other than an Internal Control Event (as defined in the Mission Credit Agreement) concerning allegations of fraud that involve an amount less than $250,000), (2) any Internal Control Event (as defined in the Mission Credit Agreement) of which a Responsible Officer (other than a Responsible Officer committing the fraud constituting such Internal Control Event (as defined in the Mission Credit Agreement)) has knowledge which could reasonably be expected to have a Material Adverse Effect (as defined in the Mission Credit Agreement), or (3) any Internal Control Event (as defined in the Mission Credit Agreement) of which a Responsible Officer (other than a Responsible Officer committing the fraud constituting such Internal Control Event (as defined in the Mission Credit Agreement)) has knowledge which includes a fraud allegation that could reasonably be expected to involve an amount in excess of $5,000,000; or (h) as soon as available, but in any event within 90 days after the end of each Fiscal Year a report supplementing Schedule 5.09 of the Mission Credit Agreement, Schedule 6.17(a) of the Mission Credit Agreement and Schedule 6.17(b) of the Mission Credit Agreement, including an identification of all owned and leased real property disposed of by any Credit Party or any Subsidiary thereof during such fiscal year, a list and description (including the street address, county or other relevant jurisdiction, state, record owner, and, in the case of leases of property, lessee and expiration date) of all real property acquired or leased during such fiscal year, all repeaters, towers, transmitters and translators, all accounts and such other changes in any Collateral, and a description of such other changes in the information included in such Schedules to the Mission Credit Agreement as may be necessary for such Schedules to the Mission Credit Agreement to be accurate and complete in all material respects as of the end of such Fiscal Year, such report to be signed on the Mission Borrower's behalf by a Responsible Officer of the Mission Borrower and to be in a form reasonably satisfactory to the Mission Administrative Agent.

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4. As soon as possible and in any event within five days after the receipt by any Mission Entity from the FCC or any other Governmental Authority or filing or receipt thereof by any Mission Entity, the Mission Borrower shall provide to the Mission Lenders (a) any citation, notice of violation or order to show cause issued by the FCC or any Governmental Authority with respect to any Mission Entity which is available to any Mission Entity, in each case which could reasonably be expected to have a Material Adverse Effect (as defined in the Mission Credit Agreement) and (b) if applicable, a copy of any notice or application by any Mission Entity requesting authority to or notifying the FCC of its intent to cease broadcasting on any broadcast station for any period in excess of ten days.

5. The Mission Borrower shall, and shall cause its Subsidiaries to, comply in all material respects with all terms and conditions of all Mission FCC Licenses covering the Mission Stations, all Federal, state and local laws, all rules, regulations and administrative orders of the FCC and all state and local commissions or authorities which are applicable to any Credit Party or the operation of the Mission Stations of any Mission Entity or other Credit Party.

6. As soon as possible and in any event within five days after the receipt thereof by any Mission Entity, the Mission Borrower will give the Mission Lenders notice of any lapse, termination or relinquishment of any material License, permit or other Authorization from the FCC or other Governmental Authority held by any Mission Entity or any failure of the FCC or other Governmental Authority to renew or extend any such License, permit or other Authorization for the usual period thereof and of any complaint or other matter filed with or communicated to the FCC or other Governmental Authority, of which any Mission Entity has knowledge and in any such case which could reasonably be expected to have a Material Adverse Effect (as defined in the Mission Credit Agreement).

7. The Mission Borrower shall, and shall cause its Subsidiaries and other Mission Entities to, cause to be done at all times all things necessary to maintain and preserve the corporate, limited liability company or partnership existence, as the case may be, of each Mission Entity except to the extent otherwise permitted pursuant to Section 7.04 of the Mission Credit Agreement.

8. The Mission Borrower will, and will cause each of its Subsidiaries and other Mission Entities to, cause to be done at all times all things necessary to maintain and preserve the rights and franchises of each of the Mission Entities to be duly qualified to do business and be in good standing as a foreign corporation in each jurisdiction where the nature of its business makes such qualification necessary and where the failure to maintain and preserve or so qualify could reasonably be expected to have a Material Adverse Effect (as defined in the Mission Credit Agreement).

9. The Mission Borrower will, and will cause each of its Subsidiaries and other Mission Entities to, pay and discharge, as the same may become due and payable, all federal and material state and local taxes, assessments, and other governmental charges or levies against or on any of the income, profits or property of a Mission Entity, as well as material claims of any kind which, if unpaid, might become a Lien upon a Mission Entity's properties, and will pay (before they become delinquent) all other material obligations and liabilities; provided, however, that the foregoing shall not require the Mission Borrower or any of its Subsidiaries or other Mission Borrower to pay or discharge any such tax, assessment, charge, levy, Lien, obligation or liability so long as such Mission Entity shall contest the validity thereof in good faith by appropriate proceedings and shall set aside on its books adequate reserves in accordance with GAAP.

10. The Mission Borrower will, and will cause each of its Subsidiaries and other Mission Entities to, keep all of the material property and facilities that are useful and necessary in the business of the Mission Entities and Nexstar Entities in such condition as is sufficient for the operation of such business in the ordinary course and will maintain such insurance as may be required by law and such other insurance, to such extent and against such hazards and liabilities, as is customarily maintained by companies similarly situated to the Mission Entities, and such insurance shall name the Mission Administrative Agent, on behalf of the Mission Lenders and Secured Parties (as defined in the Mission Credit Agreement), as an additional insured or loss payee, as the case may be, under all such insurance policies.

11. The Mission Borrower will, and will cause each of its Subsidiaries and other Mission Entities to, comply with the Requirements of Law of any Governmental Authority, the noncompliance with which could reasonably be expected to have a Material Adverse Effect (as defined in the Mission Credit Agreement).

12. (a) The Mission Borrower will, and will cause each of the Mission Entities to, keep proper books and records reflecting all of their business affairs and transactions in accordance with GAAP. The Mission Borrower will, and will cause each of the Mission Entities to, permit the Agents and their Related Parties, or, after the occurrence and during the continuance of any Default (as defined in the Mission Credit Agreement) under Section 8.01 of the Mission Credit Agreement, any Lender (as defined in the Mission Credit Agreement) (or in each case any of their respective representatives or agents), upon reasonable notice and at reasonable times and intervals during ordinary business hours (or at any time if an Event of Default (as defined in the Mission Credit Agreement) has occurred and is continuing), to visit all of their offices, discuss their financial matters with their officers and, subject to the right of representatives of the Mission Entities to be present, independent accountants (and hereby authorizes such independent accountants to discuss their financial matters with the Agents, their Related Parties, any Lender (as defined in the Mission Credit Agreement) or its representatives pursuant to the foregoing, such fees and costs of the Mission Borrower's and Mission Entities' accountants to be paid by the Mission Borrower) and examine and make abstracts or photocopies from any of their books or other corporate records (such abstracts and copies shall be at the expense of the Mission Borrower); (b) Notwithstanding the foregoing or anything in the Mission Credit Agreement or in any Mission Loan Document to the contrary, (i) except as provided in subsection (c) below and so long as there exists no Event of Default (as defined in the Mission Credit Agreement), the Mission Borrower shall not be required to pay the expenses of any Agent or any of their Related Parties (or any of their respective representatives or agents) for visits in excess of one visit per Fiscal Year, and (ii) after the occurrence of an Event of Default (as defined in the Mission Credit Agreement), such costs and expenses incurred by the Mission Administrative Agent, its Related Parties and its representatives and agents in exercising its rights from time to time as set forth in subsection (a) preceding shall be paid by the Mission Borrower; (c) Notwithstanding the foregoing or anything in the Mission Credit Agreement or in any Mission Loan Document to the contrary, subsection (b)(i) preceding and the limitations in subsection (a) preceding shall not apply to the Restructuring Advisor. The Mission Borrower will, and will cause each of the Mission Entities to, permit the Restructuring Advisors at any time upon reasonable notice and at reasonable times and intervals during ordinary business hours (or at any time if an Event of Default (as defined in the Mission Credit Agreement) has occurred and is continuing), to visit all of their offices, discuss their financial matters with their officers and, subject to the right of representatives of the Mission Entities to be present, independent accountants (and hereby authorizes such independent accountants to discuss their financial matters with the Agents, their Related Parties, any Lender (as defined in the Mission Credit Agreement) or its representatives pursuant to the foregoing) and examine and make abstracts or photocopies from any of their books or other corporate records, all at the expense of the Mission Borrower. The Mission Borrower shall promptly pay all invoiced costs and expenses of any Restructuring Advisor engaged by the Mission Administrative Agent and incurred from time to time (regardless of whether there has occurred an Event of Default (as defined in the Mission Credit Agreement)).

13. The MIssion Borrower shall use, or cause its Subsidiaries to use, the proceeds of the Mission Loans after the Second Amendment Effective Date for capital expenditures permitted to be made under the Mission Credit Agreement, working capital and other general corporate requirements of the Mission Borrower and its Subsidiaries.

14. The Mission Borrower will, for financial reporting purposes, cause (a) its and its Subsidiaries' fiscal years to end on December 31 of each year and (b) its and its Subsidiaries' fiscal quarters to end on March 31, June 30, September 30 and December 31 of each year.

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15. (a) The Mission Borrower will, and will cause all other Mission Entities and Credit Parties to, grant to the Mission Collateral Agent or the Mission Administrative Agent, at the request of the Mission Administrative Agent, for the benefit of the Secured Parties (as defined in the Mission Credit Agreement), security interests and mortgages in such assets and properties of the Mission Entities as are not covered by the Mission Security Documents, and as may be requested from time to time by the Mission Administrative Agent or the Majority Lenders (as defined in the Mission Credit Agreement) (collectively, the "Mission Additional Security Documents"). All such security interests and mortgages shall be granted pursuant to documentation reasonably satisfactory in form and substance to the Mission Administrative Agent and the Mission Borrower and shall constitute valid and enforceable perfected security interests and mortgages superior to and prior to the rights of all third Persons and shall be subject to no Liens except for Permitted Liens (as defined in the Mission Credit Agreement). The Mission Additional Security Documents or instruments related thereto shall be duly recorded or filed in such manner and in such places as are required by law to establish, perfect, preserve and protect the Liens in favor of the Mission Collateral Agent or the Mission Administrative Agent, at the request of the Mission Administrative Agent, required to be granted pursuant to the Mission Additional Security Documents and all taxes, fees and other charges payable in connection therewith shall be paid in full. (b) The Mission Borrower will, and will cause all other Mission Entities to, at the expense of the Mission Borrower, make, execute, endorse, acknowledge, file and/or deliver to the Mission Collateral Agent or the Mission Administrative Agent, at the request of the Mission Administrative Agent, from time to time such vouchers, invoices, schedules, confirmatory assignments, conveyances, financing statements, transfer endorsements, powers of attorney, certificates, real property surveys, reports and other assurances or instruments and take such further steps relating to the collateral covered by any of the Mission Security Documents or any Mission Additional Security Documents as the Mission Collateral Agent or the Mission Administrative Agent, at the request of the Mission Administrative Agent, may reasonably require and as are reasonably satisfactory to the Mission Borrower. Furthermore, the Mission Borrower shall cause to be delivered to the Mission Collateral Agent or the Mission Administrative Agent, at the request of the Mission Administrative Agent, such opinions of counsel, title insurance and other related documents as may be reasonably requested by the Mission Collateral Agent or the Mission Administrative Agent, at the request of the Mission Administrative Agent, to assure itself that this provision has been complied with. Notwithstanding anything herein or in any Mission Loan Document to the contrary, such information required to be delivered above shall include (without limitation) the following:

(i) Within 90 days after requested in writing by the Mission Administrative Agent in its sole discretion, engineering, soils, environmental and other reports as to all Real Properties subject to such request, from professional firms acceptable to the Mission Administrative Agent, which report shall identify existing and potential environmental concerns and shall quantify related costs and liabilities, associated with any facilities of any Credit Party or any of its respective Subsidiaries;

(ii) Within 90 days after requested in writing by the Mission Administrative Agent in its sole discretion, estoppel and consent agreements executed by each of the lessors of any Leasehold Real Properties of any of the Credit Parties subject to such request, along with (1) a memorandum of lease in recordable form with respect to such leasehold interest, executed and acknowledged by the owner of the affected real property, as lessor, or (2) evidence that the applicable lease with respect to such leasehold interest or a memorandum thereof has been recorded in all places necessary or desirable, in the Mission Administrative Agent’s reasonable judgment, to give constructive notice to third-party purchasers of such leasehold interest, or (3) if such leasehold interest was acquired or subleased from the holder of a recorded leasehold interest, the applicable assignment or sublease document, executed and acknowledged by such holder, in each case in form sufficient to give such constructive notice upon recordation and otherwise in form satisfactory to the Mission Administrative Agent; provided that in no event shall any Credit Party be required to take any action, other than using its reasonable commercial efforts, to obtain consents, estoppels, memorandums, assignments, etc. from independent unaffiliated third parties with respect to its compliance with the provisions of Schedule 8.01(b); and

(c) The Mission Borrower will, and will cause each other Mission Entity and all Credit Parties to, at the expense of the Mission Borrower, within 90 days after requested in writing by the Mission Administrative Agent in its sole discretion, an appraisal of any one or more of the Real Properties of any Credit Party requested by the Mission Administrative Agent which satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of the Financial Institution Reform, Recovery and Enforcement Act of 1989, each such appraisal shall be from a Person acceptable to the Mission Administrative Agent and which shall be in form and substance reasonably satisfactory to the Mission Administrative Agent;

(d) If at any time the Mission Borrower or any other Credit Party creates or acquires any additional Subsidiary, the Mission Borrower will promptly notify the Mission Administrative Agent thereof and cause such Subsidiary, within 30 days thereafter, to execute and deliver appropriate Guaranty Supplements, a Joinder to Security Agreement and a Joinder to Pledge and Security Agreement (in each case as defined in the Mission Credit Agreement) (provided that nothing in this provision shall be deemed to permit the formation, creation or acquisition of any additional Subsidiary).

(e) The Mission Borrower agrees that each action required above by this Schedule 8.01(b) shall be completed as soon as possible, but in no event later than 90 days after such action is either requested to be taken by the Mission Administrative Agent or the Majority Lenders (as defined in the Mission Credit Agreement) or required to be taken by the applicable Mission Entity pursuant to the terms of this Schedule 8.01(b).

(f) The Mission Borrower agrees that upon the request of the Mission Administrative Agent following the occurrence and during the continuance of a Default (as defined in the Mission Credit Agreement), the Mission Borrower shall, at the Mission Borrower’s expense:

(i) promptly upon request therefor but in no event later than 10 days after such request, furnish to the Mission Administrative Agent a description of the real and personal properties of the Credit Parties and their respective Subsidiaries in detail reasonably satisfactory to the Mission Administrative Agent,

(ii) promptly upon request therefor but in no event later than 30 days after such request, duly execute and deliver, and cause each Credit Party (if it has not already done so) to duly execute and deliver, to the Mission Administrative Agent deeds of trust, trust deeds, deeds to secure debt, mortgages, leasehold mortgages, leasehold deeds of trust, security agreement supplements, intellectual property security agreement supplements and other security and pledge agreements, as specified by and in form and substance reasonably satisfactory to the Mission Administrative Agent (including delivery of all Pledged Collateral (as defined in the Mission Credit Agreement) in and of such Mission Entity), and other instruments securing payment of all the Mission Obligations of the Credit Parties under the Loan Documents and Mission Loan Documents and constituting Liens on all such properties,

(iii) promptly upon request therefor but in no event later than 30 days after such request, take, and cause each Credit Party to take, whatever action (including the recording of mortgages, the filing of Uniform Commercial Code financing statements, the giving of notices and the endorsement of notices on title documents) may be necessary or advisable in the reasonable opinion of the Mission Administrative Agent to vest in the Mission Collateral Agent or the Mission Administrative Agent, at the request of the Mission Administrative Agent, (or in any representative of the Mission Administrative Agent designated by it) valid and subsisting Liens on the properties purported to be subject to the deeds of trust, trust deeds, deeds to secure debt, mortgages, leasehold mortgages, leasehold deeds of trust, security agreement supplements, intellectual property security agreement supplements and security and pledge agreements delivered pursuant to this provision of Schedule 8.01(b) or otherwise, enforceable against all third parties in accordance with their terms,

(iv) promptly upon request therefor but in no event later than 30 days after such request, deliver to the Mission Administrative Agent, upon the request of the Mission Administrative Agent in its sole discretion, a signed copy of an opinion, addressed to the Mission Administrative Agent and the other Secured Parties (as defined in the Mission Credit Agreement), of counsel for each of the Credit Parties as to the matters contained in clauses (B) and (C) above, and as to such other matters as the Mission Administrative Agent may reasonably request, in each case acceptable to the Mission Administrative Agent, and

(v) as promptly as practicable after such request, deliver, upon the request of the Mission Administrative Agent in its sole discretion, to the Mission Administrative Agent with respect to each parcel of real property owned or held by the Mission Borrower and all other Credit Parties, title reports, surveys and engineering, soils and other reports, and environmental assessment reports, each in scope, form and substance satisfactory to the Mission Administrative Agent, provided, however, that to the extent that any Mission Entity shall have otherwise received any of the foregoing items with respect to such real property, such items shall, promptly after the receipt thereof, be delivered to the Mission Administrative Agent.

(g) At any time upon request of the Mission Administrative Agent, the Mission Entities will, will cause all other Credit Parties to, at the expense of Mission Borrower, promptly execute and deliver any and all further instruments and documents and take all such other action as the Mission Administrative Agent may deem necessary or desirable in obtaining the full benefits of, or (as applicable) in perfecting and preserving the Liens of, such guaranties, deeds of trust, trust deeds, deeds to secure debt, mortgages, leasehold mortgages, leasehold deeds of trust, security agreement supplements, intellectual property security agreement supplements and other security and pledge agreements.

16. The Mission Borrower will comply fully and timely with Section 6.17 to the Mission Credit Agreement with respect to those properties and assets of the Mission Borrower subject thereto.

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17. (a) The Mission Borrower will promptly after delivery of the items required by Section 6.17 hereof but not later than December 31, 2009, deliver to the Mission Administrative Agent UCC searches (and copies of filings contained therein), Lien searches (and copies of filings contained therein) and other information demonstrating compliance by each Credit Party with the terms and conditions of Sections 6.17(b), (c), (d) and (e) and the other terms of the Mission Credit Agreement and the other Mission Loan Documents to the extent that compliance with the terms and conditions of such provision can be demonstrated through UCC searches, other Lien searches or the particular information requested. (b) The Mission Borrower will, and will cause each Mission Entity to, promptly following receipt of the acknowledgment copy of any financing statement filed under the Uniform Commercial Code in any jurisdiction by or on behalf of the Secured Parties (as defined in the Mission Credit Agreement), deliver to the Mission Administrative Agent a completed request for information listing such financing statement and all other effective financing statements filed in such jurisdiction that name any Mission Entity as debtor, together with copies of such other financing statements.

18. The Mission Borrower will, and will cause each of the Mission Entities to, designate all Mission Obligations as “Designated Senior Indebtedness” under, and defined in, all Unsecured Notes and any future Senior Second Lien Secured Notes, Subordinated Notes (and any guaranties thereof) and any other public indebtedness of the Mission Borrower or any other Mission Entity (including without limitation, guaranties) and all supplemental indentures thereto.

19. Commencing November 15, 2009, the Mission Borrower will, and will cause each Mission Entity to, maintain all of their deposit accounts, securities accounts and other operational bank accounts of all types of each of the Mission Entities (except those accounts listed on Schedule 6.17(b) to the Mission Credit Agreement, but only so long as each of such accounts listed on Schedule 6.17(b) to the Mission Credit Agreement has daily amounts averaging an amount to be agreed upon by the Mission Administrative Agent and the Mission Borrower, which in no event will exceed $25,000 in such account) at Bank of America and subject to a first and prior Lien and security interest in favor of the Mission Administrative Agent for the benefit of the Secured Parties (as defined in the Mission Credit Agreement) (on terms and conditions and subject to documentation acceptable to the Mission Administrative Agent).

20. The Mission Borrower will, and will cause each Mission Entity to, comply, and cause all lessees and other Persons operating or occupying its properties to comply, in all material respects, with all applicable Environmental Laws and environmental permits; obtain and renew all environmental permits necessary for its operations and properties; and conduct any investigation, study, sampling and testing, and undertake any cleanup, removal, remedial or other action necessary to remove and clean up all Hazardous Materials from any of its properties, in accordance with the requirements of all Environmental Laws; provided, however, that neither the Mission Borrower nor any Mission Entity shall be required to undertake any such cleanup, removal, remedial or other action to the extent that its obligation to do so is being contested in good faith and by proper proceedings and appropriate reserves are being maintained with respect to such circumstances in accordance with GAAP.

21. The Mission Borrower will, and will cause each Mission Entity to, at the request of the Mission Administrative Agent from time to time, provide to the Mission Lenders within 60 days after such request, at the expense of the Mission Borrower, an environmental site assessment report for any of its properties described in such request, prepared by an environmental consulting firm acceptable to the Mission Administrative Agent, indicating the presence or absence of Hazardous Materials and the estimated cost of any compliance, removal or remedial action in connection with any Hazardous Materials on such properties; without limiting the generality of the foregoing, if the Mission Administrative Agent determines at any time that a material risk exists that any such report will not be provided within the time referred to above, the Mission Administrative Agent may retain an environmental consulting firm to prepare such report at the expense of the Mission Borrower, and the Mission Borrower hereby grants and agrees to cause any Subsidiary that owns any property described in such request to grant at the time of such request to the Mission Administrative Agent, the Mission Lenders, such firm and any agents or representatives thereof an irrevocable non-exclusive license, subject to the rights of tenants, to enter onto their respective properties to undertake such an assessment.

22. The Mission Borrower will, and will cause each Mission Entity to, and shall use their best efforts to cause each Nexstar Entity to, promptly upon request by the Mission Administrative Agent, or any Lender (as defined in the Mission Credit Agreement) through the Mission Administrative Agent, (a) correct any material defect or error that may be discovered in any Mission Loan Document or in the execution, acknowledgment, filing or recordation thereof, and (b) do, execute, acknowledge, deliver, record, re-record, file, re-file, register and re-register any and all such further acts, deeds, certificates, assurances and other instruments as the Mission Administrative Agent, or any Lender (as defined in the Mission Credit Agreement) through the Mission Administrative Agent, may reasonably require from time to time in order to (i) carry out more effectively the purposes of the Mission Loan Documents, (ii) to the fullest extent permitted by Applicable Law, subject any Mission Entity’s or any of its Subsidiaries’ properties, assets, rights or interests to the Liens now or hereafter intended to be covered by any of the Mission Security Documents, (iii) perfect and maintain the validity, effectiveness and priority of any of the Mission Security Documents and any of the Liens intended to be created thereunder, (iv) provide to the Mission Administrative Agent with respect to the Collateral from time to time, the types of documents, instruments, policies, opinions, appraisals and information described in Section 6.17 or otherwise as requested by the Mission Administrative Agent and (v) assure, convey, grant, assign, transfer, preserve, protect and confirm more effectively unto the Secured Parties (as defined in the Mission Credit Agreement) the rights granted or now or hereafter intended to be granted to the Secured Parties (as defined in the Mission Credit Agreement) under any Mission Loan Document or under any other instrument executed in connection with any Mission Loan Document to which any Mission Entity or any of its Subsidiaries is or is to be a party, and cause each of its Subsidiaries to do so. Notwithstanding the foregoing, in the event that any such requirement requires the consent or acknowledgment of an unaffiliated independent third party, the Mission Borrower shall only be required to use its commercially reasonable efforts to obtain such consents or acknowledgments.

23. The Mission Borrower will, and will cause each Mission Entity to, make all payments and otherwise perform all obligations in respect of all leases of real property to which the Mission Borrower or any of its Subsidiaries is a party, keep such leases in full force and effect and not allow such leases to lapse or be terminated or any rights to renew such leases to be forfeited or cancelled, notify the Mission Administrative Agent of any default by any party with respect to such leases and cooperate with the Mission Administrative Agent in all respects to cure any such default, and cause each of its Subsidiaries to do so, except, in any case, where the failure to do so, either individually or in the aggregate, could not be reasonably likely to have a Material Adverse Effect (as defined in the Mission Credit Agreement).

24. The Mission Borrower shall, and shall cause each Mission Entity to, use reasonable efforts to cooperate with the Restructuring Advisor in all respects with respect to any matters in relation to the Mission Loans, Credit Events (as defined in the Mission Credit Agreement) and the Mission Loan Documents, provided that (i) such cooperation does not involve undue burden or expense or require the engagement or services of any third parties and (ii) such Restructuring Advisor shall have agreed in writing, for the benefit of the Mission Borrower, to be bound by the provisions of Section 11.07 of the Mission Credit Agreement.

25. The Mission Borrower will not, and will not cause or permit any Mission Entity to, directly or indirectly, alter in a fundamental and substantial manner the character of the Television Broadcasting Business of the Mission Entities, taken as a whole, or the Credit Parties, taken as a whole, from that conducted immediately following the Effective Date.

26. The Mission Borrower will not, and will not permit any Mission Entity to, create, incur, assume, or suffer to exist any Lien upon any of their respective revenues, property (including fixed assets, inventory, Real Property, intangible rights and Capital Stock) or other assets, whether now owned or hereafter acquired, other than the following: (a) Liens for taxes, assessments or other governmental charges or levies to the extent that payment thereof shall not at the time be required to be made in accordance with the provisions of Section 6.09 of the Mission Credit Agreement; (b) Liens encumbering property of any such Mission Entity consisting of carriers, warehousemen, mechanics, materialmen, repairmen and landlords and other Liens arising by operation of law and incurred in the ordinary course of business for sums which are not overdue or which are being contested in good faith by appropriate proceedings and (if so contested) for which appropriate reserves with respect thereto have been established and maintained on the books of such Mission Entity in accordance with GAAP; (c) Liens encumbering property of any Mission Entity incurred in the ordinary course of business in connection with workers' compensation, unemployment insurance, or other forms of governmental insurance or benefits, or to secure performance of bids, tenders, statutory obligations, leases, and contracts (other than for Indebtedness) entered into in the ordinary course of business of such Mission Entity; (d) easements, rights-of-way, reservations, permits, servitudes, zoning and similar restrictions and other similar encumbrances or title defects and Permitted Encumbrances (as defined in the Mission Credit Agreement) (i) described in the New Mortgage Policies (as defined in the Mission Credit Agreement) or (ii) which, in the aggregate, are not substantial in amount, and which do not in any case materially detract from the value of the property subject thereto or interfere with the ordinary conduct of the business of any Mission Entity; (e) judgment Liens securing amounts not in excess of (i) $500,000 and (x) in existence less than 30 days after the entry thereof, (y) with respect to which execution has been stayed or (z) with respect to which the appropriate insurance carrier has agreed in writing that there is coverage by insurance or (ii) $4,000,000 in the aggregate at any time outstanding for all Credit Parties; (f) Liens securing documentary letters of credit; provided such Liens attach only to the property or goods to which such letter of credit relates; (g) purchase money security interests encumbering equipment, furniture, machinery or other assets by the Mission Borrower or its Subsidiaries for normal business purposes, provided that such security interests and Liens hereunder together with security interests and Liens permitted by Section 7.02(a) of the Mission Credit Agreement, do not secure amounts in excess of $4,000,000 in the aggregate at any time outstanding for the Credit Parties; (h) interests in Leaseholds under which a Mission Entity is a lessor, provided such Leaseholds are otherwise not prohibited by the terms of the Mission Credit Agreement; (i) second priority Liens on the assets of the Mission Entities securing Senior Second Lien Secured Notes, in each case to the extent such Indebtedness is issued in accordance with Section 7.05(s) of this Agreement; (i) Liens created by the Mission Security Documents; (j) the options to purchase assets of any Mission Entity granted by such Mission Entity to the Ultimate Parent or one or more of its Subsidiaries and (k) Liens in existence on the Second Amendment Effective Date and disclosed on Schedule 7.02(l) to the Mission Credit Agreement.

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27. The Mission Borrower will not, and will not suffer or permit any Mission Entity to, directly or indirectly, make any Disposition or enter into any agreement to make any Disposition, except: (a) any Mission Entity may make and agree to make Dispositions to Wholly-Owned Subsidiaries of the Mission Borrower that are Guarantors, or the Mission Borrower after prior written notice to the Mission Administrative Agent describing the Disposition and compliance by the transferee with the applicable terms of the Mission Security Documents; (b) so long as no Default (as defined in the Mission Credit Agreement) exists before and after giving pro forma effect thereto, the Mission Borrower or any Subsidiary of the Mission Borrower may agree to and make Dispositions of Stations, assets and properties, including without limitation Real Properties, so long as (i) all proceeds and compensation received for each such Disposition is 100% cash, (ii) 100% of the Net Cash Proceeds are used to prepay the Loans in accordance with the terms of Section 2.06(b) and Section 11.19(b) of the Mission Credit Agreement (except as provided in Section 2.06(b) and Section 11.19(b) of the Mission Credit Agreement), (iii) any television station owned by the Borrower in the same market is sold by the Borrower concurrently with the Disposition of any television station owned by the Mission Borrower (and in accordance with the terms of this Agreement), and (iv) at least 5 Business Days prior to the consummation of any proposed Disposition, or at such later time as agreed to by the Mission Administrative Agent, the Mission Borrower shall have delivered to the Mission Administrative Agent a certificate of the Mission Borrower executed on its behalf by a Responsible Officer of the Mission Borrower, which certificate shall contain (A) financial projections of the Mission Borrower and its Subsidiaries attached to such certificate which have been prepared on a Pro Forma Basis (giving effect to the consummation of such Disposition and any related repayment of Indebtedness) for the period from the proposed date of the consummation of any proposed Disposition to the Maturity Date of the latest to mature of the Loans demonstrating compliance for such period with the covenants set forth in Section 7.09, (B) a certification to the Mission Administrative Agent and the Mission Lenders that all representations and warranties set forth in the Mission Credit Agreement and the other Mission Loan Documents are true and correct as of such date and will be true and correct both before and after giving effect to such Disposition and (C) a certification that no Default (as defined in the Mission Credit Agreement) exists both before and after giving effect to such Disposition; (c) Dispositions permitted by Section 7.04(c) and (d) of the Mission Credit Agreement; (d) Dispositions of cash or Cash Equivalents, unless such cash or Cash Equivalents are in a Cash Collateral Account or otherwise prohibited under the Mission Credit Agreement or the other Mission Loan Documents; (e) so long as (i) no Default (as defined in the Mission Credit Agreement) exists both before and after giving effect thereto, (ii) all proceeds and compensation received for such each such Disposition is 100% cash, (iii) 100% of the Net Cash Proceeds are used to prepay the Loans in accordance with the terms of Section 2.06(b) and Section 11.19(b) of the Mission Credit Agreement (except as provided in Section 2.06(b) and Section 11.19(b) of the Mission Credit Agreement) and (iv) any television station owned by the Borrower in the same market is sold by the Borrower concurrently with such Disposition by the Mission Borrower and in accordance with the terms of the Mission Credit Agreement, Dispositions consisting of Sale and Leaseback Transactions effected on terms and conditions satisfactory to, and with the prior written consent of, the Mission Administrative Agent and the Majority Lenders (as defined in the Mission Credit Agreement); (f) a Disposition pursuant to the exercise of any option described in Section 7.02(k) of the Mission Credit Agreement; and (g) with respect to any Mission Station, the Mission Borrower may (subject to the FCC's rules and regulations) enter into a Local Marketing Agreement, Joint Sales Agreement and/or Shared Services Agreement with the Borrower for such Station, provided that (i) such Local Marketing Agreement, Joint Sales Agreement and/or Shared Services Agreement shall specifically permit the assignment to, and first priority Liens and security interests by, the Mission Administrative Agent and/or Mission Collateral Agent for the benefit of the Secured Parties (as defined in the Mission Credit Agreement) to secure the Mission Obligations, (ii) not less than 5 Business Days prior to the entering into of such agreement, the Mission Borrower shall have delivered to the Mission Administrative Agent a certificate of the Mission Borrower executed on its behalf by a Responsible Officer of the Mission Borrower, which certificate shall contain (A) a summary of the terms of such agreement comparing it to the agreement (if any) that such agreement is replacing, (B) such other information reasonably requested by the Mission Administrative Agent and (C) a certification that no Default (as defined in the Mission Credit Agreement) exists both before and after giving effect to such agreement.

(i)

28.

The Mission Borrower will not, and will not suffer or permit any Mission Entity to, (1) wind up, liquidate or dissolve themselves (or enter into any agreement to take any such action), or (2) make any Acquisition, or enter into any agreement to make any Acquisition, or (3) convey, sell, transfer, lease or otherwise dispose of all or substantially all of their respective assets, either in one transaction or a series of related transactions, to any other Person or Persons, or (4) form, create or acquire any new Subsidiary (whether a non Wholly-Owned Subsidiary or Wholly-Owned Subsidiary) or minority equity interest, or commit to do any of the foregoing, except: (a) the Mission Borrower and the Mission Entities may make Dispositions permitted under Section 7.03 of the Mission Credit Agreement; (b) any Subsidiary of the Mission Borrower may merge with and into, or be dissolved or liquidated into, the Mission Borrower so long as (i) the Mission Borrower is the surviving Person of any such merger, dissolution or liquidation and (ii) the Mission Borrower complies with the relevant provisions of the Mission Security Documents to which it is a party so that the security interests granted to the Mission Collateral Agent or the Mission Administrative Agent pursuant to such Mission Security Documents in the assets of such merged, dissolved or liquidated Subsidiary so merged shall remain in full force and effect and perfected (to at least the same extent as in effect immediately prior to such merger, dissolution or liquidation); (c) any Subsidiary of the Mission Borrower may merge with and into, or be dissolved or liquidated into, any Wholly-Owned Subsidiary of the Mission Borrower that is a Guarantor so long as (i) such Wholly-Owned Subsidiary of the Mission Borrower is the surviving corporation of such merger, dissolution or liquidation and (ii) the acquiring Wholly-Owned Subsidiary complies with the relevant provisions of the Mission Security Documents to which it is a party so that the security interests granted to the Mission Collateral Agent or the Mission Administrative Agent pursuant to such Mission Security Documents in the assets of such merged, dissolved or liquidated Subsidiary shall remain in full force and effect and perfected (to at least the same extent as in effect immediately prior to such merger, dissolution or liquidation); and (d) Settlement Securities acquired from time to time by any Mission Entity in good faith.

29. The Mission Borrower will not, and will not suffer or permit any of the Mission Entities to, create, incur, issue, assume, suffer to exist, or otherwise become or remain directly or indirectly liable with respect to, any Indebtedness, except: (a) Indebtedness existing on the Second Amendment Effective Date and described on Schedule 7.05(a) to the Mission Credit Agreement without any modifications, amendments, consents, waivers, refinancings, refundings, renewals or extensions thereof; provided that immaterial clarifying amendments correcting errors shall be permitted, so long as in each case no fee is payable in connection therewith; (b) Indebtedness incurred pursuant to any Mission Loan Document; (c) Indebtedness of any Mission Entity owing to the Mission Borrower or any Wholly-Owned Subsidiary of the Mission Borrower that is a Guarantor, provided that any such Indebtedness (i) is permitted to be advanced by the Mission Borrower or such Wholly-Owned Subsidiary pursuant to the provisions of Section 7.10 of the Mission Credit Agreement and (ii) is not subordinated to any other Indebtedness of the obligor (other than the Mission Obligations); (d) so long as no Event of Default (as defined in the Mission Credit Agreement) exists both before and after giving effect to the incurrence thereof, Indebtedness of the Mission Borrower and/or its Subsidiaries secured by Liens permitted by Section 7.02(g) of the Mission Credit Agreement, in an aggregate amount outstanding not in excess of $4,000,000 in the aggregate at any time outstanding for the Credit Parties; (e) so long as no Event of Default (as defined in the Mission Credit Agreement) exists both before and after giving effect to the incurrence thereof, Interest Rate Protection Agreements required hereunder or in respect of Indebtedness otherwise permitted hereby so long as such agreements are not entered into for speculative purposes and the Mission Borrower is in compliance with Section 6.15 of the Mission Credit Agreement after giving effect thereto; (f) Capital Lease Obligations and other Indebtedness (other than Indebtedness for borrowed money) of the Mission Borrower and/or its Subsidiaries in an amount not to exceed $2,500,000 in the aggregate for the Mission Borrower and its Subsidiaries at any time outstanding, such maximum amount to be reduced by the aggregate principal amount of Indebtedness of any Mission Entity permitted under Section 7.05(r) of the Mission Credit Agreement outstanding at any time; and (g) Guaranty Obligations of the Mission Entities with respect to Senior Second Lien Notes incurred in accordance with the terms of Section 7.05(s) (subordinated on terms and conditions, and subject to documentation, acceptable to the Mission Administrative Agent in its sole discretion).

30. The Mission Borrower will not, and will not suffer or permit any of its Subsidiaries to, enter into, or cause, suffer, or permit to exist: (a) any arrangement or contract with any of its Affiliates or any Nexstar Entity of a nature customarily entered into by Persons which are Affiliates of each other (including arrangements relating to the allocation of revenues, taxes, and expenses or otherwise) requiring any payments to be made by any Mission Entity to any such Affiliate or Nexstar Entity unless in each case such arrangement or contract is specifically permitted by the Nexstar Agreement, is in the ordinary course of such Person's business and is fair and equitable to such Mission Entity; (b) any other transaction, arrangement, or contract with any of its Affiliates or any Nexstar Entity unless in each case such transaction, arrangement or contract is on terms which are specifically permitted by the Mission Agreement, is in the ordinary course of such Person's business and is on terms not less favorable than are obtainable from any Person which is not one of its Affiliates; or (c) any management services agreement, except those arrangements, agreements and transactions listed on Schedule 7.06 to the Mission Credit Agreement.

31. The Mission Borrower will not, and will not suffer or permit any of is Subsidiaries to, use any portion of the proceeds of the Mission Loans or any Mission Letter of Credit, directly or indirectly, to purchase or carry Margin Stock other than in compliance with Regulations T, U and X of the Federal Reserve Board. At no time shall the value of the Margin Stock owned by any Mission Entity (as determined in accordance with Regulation U of the Federal Reserve Board) exceed 25% of the value (as determined in accordance with Section 221.2(g)(2) of Regulation U of the Federal Reserve Board) of the assets of such Mission Entity.

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32. The Mission Borrower will not and will not suffer or permit any of its Subsidiaries to, violate any Environmental Law to an extent sufficient to give rise to a Material Adverse Effect (as defined in the Mission Credit Agreement); and, without limiting the foregoing, the Mission Borrower will not, and will not suffer or permit any of the Mission Entities or Person to, dispose of any Hazardous Material into or onto, or (except in accordance with Applicable Law) from, any Real Property owned, operated or otherwise used by any Mission Entity or any other Credit Party, or allow any Lien imposed pursuant to any Environmental Law to be imposed or to remain on such Real Property, in each case to the extent the same are reasonably likely to have a Material Adverse Effect (as defined in the Mission Credit Agreement), except as contested in reasonable good faith by appropriate proceedings and the pendency of such proceedings will not have a Material Adverse Effect (as defined in the Mission Credit Agreement) and except and unless adequate reserves have been established and are being maintained on its books in accordance with GAAP.

33. The Mission Borrower shall not, and shall not permit any of the Mission Entities to, make any Restricted Payment, except the Subsidiaries of the Mission Borrower may make Restricted Payments to the Mission Borrower or any Wholly-Owned Subsidiary of the Mission Borrower.

34. The Mission Borrower will not, and will not suffer or permit any of its Subsidiaries to, lend money or credit or make advances to any Person, or purchase or acquire any Capital Stock, obligations or securities of, or any other interest in, or make any capital or other equity contribution to, any Person (including, without limitation, the Nexstar Borrower), or purchase or own a futures contract or otherwise become liable for the purchase or sale of currency or other commodities at a future date in the nature of a futures contract, or hold any cash or Cash Equivalents, except: (a) the Mission Entities may invest in cash and Cash Equivalents; (b) the Mission Borrower may enter into Interest Rate Protection Agreements in compliance with Section 7.05(e) of the Mission Credit Agreement; (c) advances, loans and investments in existence on the Second Amendment Effective Date and listed on Schedule 7.10 of the Mission Credit Agreement shall be permitted, without giving effect to any additions thereto or replacements thereof (except those additions or replacements which are existing obligations as of the Effective Date); (d) the Mission Entities may make loans and advances to their respective employees in the ordinary course of business in an aggregate principal amount for all Mission Entities not to exceed $50,000, provided that such loans and advances are made (i) for anticipated business out-of-pocket expenses or (ii) for loans to non-executive employees; (e) the Mission Borrower may make intercompany loans and advances to any Wholly-Owned Subsidiary of the Mission Borrower which is a Credit Party and Guarantor; and (f) the Mission Borrower may acquire Settlement Securities in good faith.

35. The Mission Borrower and its Subsidiaries shall not engage in any business other than the Television Broadcasting Business.

36. The Mission Borrower will not, and will not suffer or permit any of its Subsidiaries to, sell or issue any of their Capital Stock to any Person.

37. The Mission Borrower will not, and will not suffer or permit any of its Subsidiaries to, (i) permit any waiver, supplement, modification or amendment of the documentation relating to the Unsecured Notes, the Senior Second Lien Secured Notes, the Subordinated Notes and any other Indebtedness of any Credit Party having a principal balance (or a Guaranty Obligation with respect to such Indebtedness) of more than $500,000, or any indenture or other agreement evidencing, creating or governing any of the foregoing Indebtedness, in each case other than any such amendment, modification or change which is specifically permitted in this Agreement or an immaterial clarifying amendment correcting an error and so long as, in each case, no consent fee is payable in connection therewith, (ii) enter into any new Charter Document or modify any of their respective Charter Documents (as defined in the Mission Credit Agreement), to the extent that any such modification of such Charter Documents (as defined in the Mission Credit Agreement) would be adverse to the Mission Lenders in any material respect or (iii) enter into any Contractual Obligation (as defined in the Mission Credit Agreement) which would prohibit or restrict the Subsidiaries of the Mission Borrower from making Dividends or Restricted Payments to the Mission Borrower, or from granting Liens or security interests on assets and properties as Collateral for the Mission Obligations.

38. The Mission Borrower will not, and will not suffer or permit any of its Subsidiaires to, prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity thereof in any manner, or make any payment in violation of any subordination terms of, any Indebtedness, except (a) the prepayment at par of the Mission Obligations in accordance with the terms of the Mission Credit Agreement and (b) as permitted in accordance with Section 7.15 of the Mission Credit Agreement.

39. The Mission Borrower shall not, and will not suffer or permit any of the Mission Entities, or any Affiliate to, repurchase, buy, redeem, prepay, defease, receive an assignment of, issue any notice of redemption or defeasance with respect to, or otherwise cause the cancellation, forgiveness or purchase (including, without limitation, any setting aside of funds, or other provision for, or assurance of, payment), or enter into any other transaction which accomplishes a like result, of any of its Indebtedness including the Loans, Obligations and the Mission Loans and Mission Obligations, providedthat, notwithstanding the preceding: (a) (i) the Mission Borrower may prepay the Mission Loans at par in accordance with the terms of Sections 2.05, 2.06 and 11.19 of the Mission Credit Agreement (subject to Section 8.01(n) of the Mission Credit Agreement) and (ii) the Borrower can prepay its Loans in accordance with the terms of this Agreement and (b) the Borrower can make the prepayments and/or extinguish debt permitted by Sections 7.16(b) and (c) of this Agreement.

40. The Mission Borrower shall not, and shall not permit any Subsidiary, Credit Party or other Affiliate to, (a) modify, change, consent to, waive any provision with respect to, or otherwise not comply with or effectuate any change to, any written agreement between or among the Borrower and the Mission Borrower, or any Nexstar Entity and any Mission Entity, including, without limitation, the Nexstar/Mission Agreements, except any immaterial clarifying amendment correcting any error and so long as, in each case, no consent fee is payable in connection therewith, (b) allow any Nexstar/Mission Agreement to lapse, expire or terminate, or otherwise not be in full force and effect against any party thereto, except to the extent any television station owned by the Mission Borrower is sold in accordance with the terms of the Mission Credit Agreement and the other Mission Loan Documents, or (c) permit, allow or suffer to exist any Nexstar/Mission Agreement then in effect not being subject to a Lien and security interest of the Mission Administrative Agent on behalf of the Secured Parties (as defined in the Mission Credit Agreement) to secure the Mission Obligations.

Attached files

NEXSTAR MEDIA GROUP, INC. Reports

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