However, officers and directors of an affiliated corporation do not have an attributable interest in the MDS or cable entity. An individual's interest will be aggregated in determining attribution if the interests are held in various forms. Additionally, the Commission has established a formula for determining cognizable ownership interests held in the MDS or cable entity through one or more intervening corporations. Finally, the Commission has adopted one new attribution rule which will trigger the cross-ownership restriction. In applying this rule, equity includes all stock, common or preferred, voting or non-voting, held by any party including otherwise insulated limited partners.
Debt includes all liabilities, whether short term or long term.
The sum of all debt plus all equity constitutes total assets. The attribution rule will apply if that interest holder also holds an interest which is attributable under the other attribution rules in an MDS or cable entity where the MDS operates within the cable system's franchise area. Grandfather rights are lost if the MDS license or cable system franchise is later assigned or transferred. All rights reserved. Reproduction is permitted so long as no charge is made for copies, no copies are placed on any electronic online service or database for which there is a fee other than a flat access charge, there is no alteration and this copyright notice is included.