Common use of Certain Regulatory Requirements Clause in Contracts

Certain Regulatory Requirements. Pledgor has disclosed to the Agent that any sale of Nextel Stock constituting Pledged Collateral may be subject to applicable requirements (if any) of the FCC Provisions, as well as any other federal, state or local laws, rules and regulations of other regulatory or governmental bodies applicable to or having jurisdiction over the Borrower, any Third Party Pledgor or the issuer of such item of Pledged Collateral, as the case may be (the "Relevant Party") (or any entity under the control of the Relevant Party). Pledgor agrees that upon request from time to time by the Agent after the occurrence and during the continuance of an Event of Default, it will use its best efforts to obtain any governmental, regulatory or third party consents, approvals or authorizations required by applicable law.

Certain Regulatory Requirements. Pledgor has disclosed to the Agent that any sale of Nextel Stock constituting Pledged Collateral may be subject to applicable requirements (if any) of the FCC Provisions, as well as any other federal, state or local laws, rules and regulations of other regulatory or governmental bodies applicable to or having jurisdiction over the BorrowerPledgor, any Third Party Pledgor or the issuer of such item of Pledged Collateral, as the case may be (the "Relevant Party") (or any entity under the control of the Relevant Party). Pledgor agrees that upon request from time to time by the Agent after the occurrence and during the continuance of an Event of Default, it will use its best efforts to obtain any governmental, regulatory or third party consents, approvals or authorizations required by applicable law.