Designation for Hearing. If, for any reason, the Application is ----------------------- designated for hearing by the FCC or if the parties are notified by the FCC in writing of its intention to designate the Application, either party, if not then in default, shall have the right by written notice within fifteen (15) days of such designation for hearing, to terminate this Agreement.
Designation for Hearing. If, for any reason, any application for an assignment of any of the Licenses is designated for hearing by the Commission prior to grant thereof, the Buyer shall have the right by written notice within thirty (30) days of such designation for hearing, to exclude from the Acquired Assets those assets associated with the operation of the Station affected, and the Purchase Price payable hereunder shall be reduced by an amount equal to the Station Aggregate Value of the affected Station.
Designation for Hearing. The time for approval provided in ----------------------- Section 15.1 notwithstanding, either party may terminate this Agreement upon written notice to the other, if, for any reason, the Assignment Application is designated for hearing by the Commission, provided, however, that written notice -------- ------- of termination must be given within 10 days after release of the hearing designation order and that the party giving such notice is not in default and has otherwise complied with its obligations under this Agreement. Upon termination pursuant to this Section, the Initial Escrow Deposit together with all interest earned thereon shall be returned to Buyer and the parties shall be released and discharged from any further obligation hereunder,provided, -------- however, that if the designation for hearing is predicated upon breach by either ------- party of a representation, warranty or covenant contained in this Agreement, the nonbreaching party may, in addition to termination, pursue the remedies available to such non-breaching party provided in Sections 14.2 and 14.3.
Designation for Hearing. Either party may terminate this Agreement upon notice to the other, if, for any reason, the Assignment Applications are designated for hearing by the Commission; provided, however, that notice of termination must be given within twenty (20) days after release of the hearing designation order and that the party giving such notice is not in default and has otherwise complied with its obligations under this Agreement. Upon termination pursuant to this Section 14.2, the parties shall be released and discharged from any further obligation hereunder.
Designation for Hearing. If, for any reason, any application for assignment of the License is designated for hearing by the Commission prior to grant thereof, either party shall have the right by written notice within thirty (30) days of such designation for hearing, to terminate this Agreement if the allegations raised by such petition relate to the other party. Should Closing occur and upon reconsideration should the FCC designate the assignment for hearing, Buyer may elect to rescind this Agreement, and if Buyer so elects, Buyer and Seller agree to cooperate in filing an application to reassign the License to Seller, if necessary, in order to comply with any FCC order and to take all necessary actions to reverse this transaction as if Closing had not occurred.
Designation for Hearing. 27 13.3 Damage.........................................................................................28 13.3.1
Designation for Hearing. The provisions of Section 14(a) notwithstanding, either party may terminate this Agreement upon notice to the other, if, for any reason, the assignment application is designated for hearing by the FCC, unless such designation for hearing arises from, is based upon, or relates to the action, inaction or qualifications of the party seeking to terminate, in which case such party shall have no right of termination; provided, however, that notice of termination must be given within twenty (20) days after release of the hearing designation order. Upon termination pursuant to this Section 14(b), the Pre-Paid Deposit (plus interest) shall be retained by Seller in the event the application is designated for hearing on grounds relating to Buyer's qualifications, or returned to Buyer in the event the application is designated for hearing on grounds relating to Seller's qualifications, and the parties shall then be released and discharged from any further obligation hereunder.
Designation for Hearing. The time for approval provided in Section 15.1 notwithstanding, either party may terminate this Agreement upon written notice to the other, if, for any reason, the Assignment Application is designated for hearing by the Commission, provided, however, that written notice of termination must be given within 10 days after release of the hearing designation order and that the party giving such notice is not in default and has otherwise complied with its obligations under this Agreement. Upon termination pursuant to this Section and provided that Buyer is not in default, the Escrow Deposit together with all interest earned thereon shall be returned to Buyer and the parties shall be released and discharged from any further obligation hereunder.
Designation for Hearing. The time for approval provided in Section 15.1 notwithstanding, either party may terminate this Agreement upon written notice to the other, if, for any reason, the Assignment Application is designated for hearing by the Commission, provided, however, that written notice of termination must be given within 10 days after the release date of the hearing designation order and that the party giving such notice is not in default and has otherwise complied with its obligations under this Agreement. Upon termination pursuant to this Section, the Escrow Deposit together with all interest earned thereon shall be returned to Buyer and the parties shall be released and discharged from any further obligation hereunder, provided, however, that if the designation for hearing is predicated upon breach by either party of a representation, warranty or covenant contained in this Agreement, the non-breaching party may, in addition to termination, pursue the remedies available to such non-breaching party under Sections 14.2 and 14.3.
Designation for Hearing. The provisions of Section 15(a) notwithstanding, either party may terminate this Agreement upon notice to the other, if, for any reason, the assignment application is designated for hearing by the FCC, unless such designation for hearing is due to the willful action or inaction of either party, in which case such party shall have no right of termination; provided, however, that notice of termination must be given within twenty (20) days after release of the hearing designation order. Upon termination pursuant to this Section 15(b), the Earnxxx Xxxey shall be returned to Buyer and the parties shall be released and discharged from any further obligation hereunder other than in respect of breaches occurring prior to such termination; provided, that in the event of termination due to Buyer's basic qualifications or Buyer's willful action or inaction that has caused the assignment application to be designated for hearing by the FCC, then Seller shall be entitled to the remedies set forth in Sections 14(b) and (d), provided, further, that Seller is not in default and has otherwise complied with its obligations under this Agreement and the conditions to Buyer's obligations to consummate the sale of the Stations' Assets as set forth in Section 8 shall have been satisfied (other than conditions which have not been satisfied as a result of a material breach by Buyer of its obligations hereunder).
