Common use of FCC Application Clause in Contracts

FCC Application. Within five (5) business days after the delivery of the Escrow Deposit to the Escrow Agent, Buyers and Seller shall file an application with the FCC for the FCC Consent (the "FCC Application"). Buyers and Seller shall prosecute the FCC Application with all reasonable diligence and otherwise use their best efforts to obtain the FCC Consent as expeditiously as practicable (but neither Buyers nor Seller shall have any obligation to satisfy complainants or the FCC by taking any steps which would have a material adverse effect upon Buyers or Seller or upon any of their respective Affiliates). If the FCC Consent imposes any condition on Buyers or Seller or any of their respective Affiliates, such party shall use its best efforts to comply with such condition; provided, however, that neither Buyers nor Seller shall be required hereunder to comply with any condition that would have a material adverse effect upon it or any of its Affiliates. If reconsideration or judicial review is sought with respect to the FCC Consent, the party affected shall vigorously oppose such efforts for reconsideration or judicial review; provided, however, that nothing herein shall be construed to limit either party's right to terminate this Agreement pursuant to Article 16 hereof.

Appears in 1 contract

Sources: Asset Purchase Agreement (Regent Communications Inc)

FCC Application. Within five seven (57) business days after the delivery execution of the Escrow Deposit to the Escrow Agentthis Agreement, Buyers and Seller shall file an application with the FCC for the FCC Consent (the "FCC Application"). Buyers and Seller shall prosecute the FCC Application with all reasonable diligence and otherwise use their best efforts to obtain the FCC Consent as expeditiously as practicable (but neither Buyers nor Seller shall have any obligation to satisfy complainants or the FCC by taking any steps which would have a material adverse effect upon Buyers or Seller or upon any of their respective Affiliates). If the FCC Consent imposes any condition on Buyers or Seller or any of their respective Affiliates, such party shall use its best efforts to comply with such condition; provided, however, that neither Buyers nor Seller shall be required hereunder to comply with any condition that would have a material adverse effect upon it or any of its Affiliates. If reconsideration or judicial review is sought with respect to the FCC Consent, the party affected shall vigorously oppose such efforts for reconsideration or judicial review; provided, however, that nothing herein shall be construed to limit either party's right to terminate this Agreement pursuant to Article 16 hereof.

Appears in 1 contract

Sources: Asset Purchase Agreement (Regent Communications Inc)

FCC Application. Within five (5) business days after the delivery execution of the Escrow Deposit to the Escrow Agentthis Agreement, Buyers Buyer and Seller shall file an application with the FCC for the FCC Consent (the "FCC Application"). Buyers Buyer and Seller shall prosecute the FCC Application with all reasonable diligence and otherwise use their best efforts to obtain the FCC Consent as expeditiously as practicable (but neither Buyers Buyer nor Seller shall have any obligation to satisfy complainants or the FCC by taking any steps which would have a material adverse effect upon Buyers Buyer or Seller or upon any of their respective Affiliates). If the FCC Consent imposes any condition on Buyers Buyer or Seller or any of their respective Affiliates, such party shall use its best efforts to comply with such condition; provided, however, that neither Buyers Buyer nor Seller shall be required hereunder to comply with any condition that would have a material adverse effect upon it or any of its Affiliates. If reconsideration or judicial review is sought with respect to the FCC Consent, the party affected shall vigorously oppose such efforts for reconsideration or judicial review; provided, however, that nothing herein shall be construed to limit either party's right to terminate this Agreement pursuant to Article 16 hereof.16

Appears in 1 contract

Sources: Asset Purchase Agreement (Regent Communications Inc)

FCC Application. Within five (5) business days after the delivery execution of the Escrow Deposit to the Escrow Agentthis Agreement, Buyers Buyer and Seller shall file an application with the FCC for the FCC Consent (the "FCC Application"). Buyers Buyer and Seller shall prosecute the FCC Application with all reasonable diligence and otherwise use their best efforts to obtain the FCC Consent as expeditiously as practicable (but neither Buyers Buyer nor Seller shall have any obligation to satisfy complainants or the FCC by taking any steps which would have a material adverse effect upon Buyers Buyer or Seller or upon any of their respective Affiliates). If the FCC Consent imposes any condition on Buyers Buyer or Seller or any of their respective Affiliates, such party shall use its best efforts to comply with such condition; provided, however, that neither Buyers Buyer nor Seller shall be required hereunder to comply with any condition that would have a material adverse effect upon it or any of its Affiliates. If reconsideration or judicial review is sought with respect to the FCC Consent, the party affected shall vigorously oppose such efforts for reconsideration or judicial review; provided, however, that nothing herein shall be construed to limit either party's right to terminate this Agreement pursuant to Article 16 hereof.

Appears in 1 contract

Sources: Asset Purchase Agreement (Regent Communications Inc)

FCC Application. Within five ten (510) business days after the delivery execution of the Escrow Deposit to the Escrow Agentthis Agreement, Buyers Regent and Seller shall file an application with the FCC for the FCC Consent (the "FCC Application"). Buyers Regent and Seller shall prosecute the FCC Application with all reasonable diligence and otherwise use their best efforts to obtain the FCC Consent as expeditiously as practicable (but neither Buyers Regent nor Seller shall have any obligation to satisfy complainants or the FCC by taking any steps which would have a material adverse effect upon Buyers Regent or Seller or upon any of their respective Affiliates). If the FCC Consent imposes any condition on Buyers Regent or Seller or any of their respective Affiliates, such party shall use its best efforts to comply with such condition; provided, however, that neither Buyers Regent nor Seller shall be required hereunder to comply with any condition that would have a material adverse effect upon it or any of its Affiliates. If reconsideration or judicial review is sought with respect to the FCC Consent, the party affected shall vigorously oppose such efforts for reconsideration or judicial review; provided, however, that nothing herein shall be construed to limit either party's right to terminate this Agreement pursuant to Article 16 13.01 hereof.

Appears in 1 contract

Sources: Merger Agreement (Regent Communications Inc)

FCC Application. Within five (5) business days after the delivery execution of the Escrow Deposit to the Escrow Agentthis Agreement, Buyers Buyer and Seller RLF shall file an application with the FCC for the FCC Consent (the "FCC Application"). Buyers Buyer and Seller RLF shall prosecute the FCC Application with all reasonable diligence and otherwise use their best efforts to obtain the FCC Consent as expeditiously as practicable (but neither Buyers Buyer nor Seller RLF shall have any obligation to satisfy complainants or the FCC by taking any steps which would have a material adverse effect upon Buyers Buyer or Seller RLF or upon any of their respective Affiliates). If the FCC Consent imposes any condition on Buyers Buyer or Seller RLF or any of their respective Affiliates, such party shall use its best efforts to comply with such condition; provided, however, that neither Buyers Buyer nor Seller RLF shall be required hereunder to comply with any condition that would have a material adverse effect upon it or any of its Affiliates. If reconsideration or judicial review is sought with respect to the FCC Consent, the party affected shall vigorously oppose such efforts for reconsideration or judicial review; provided, however, that nothing herein shall be construed to limit either party's right to terminate this Agreement pursuant to Article 16 hereof.

Appears in 1 contract

Sources: Asset Purchase Agreement (Regent Communications Inc)

FCC Application. Within five (5) business days after the delivery effective date of the Escrow Deposit to the Escrow Agentthis Agreement, Buyers Buyer and Seller RLF shall file an application with the FCC for the FCC Consent (the "FCC Application"). Buyers Buyer and Seller RLF shall prosecute the FCC Application with all reasonable diligence and otherwise use their best efforts to obtain the FCC Consent as expeditiously as practicable (but neither Buyers Buyer nor Seller RLF shall have any obligation to satisfy complainants or the FCC by taking any steps which would have a material adverse effect upon Buyers Buyer or Seller RLF or upon any of their respective Affiliates). If the FCC Consent imposes any condition on Buyers Buyer or Seller RLF or any of their respective Affiliates, such party shall use its best efforts to comply with such condition; provided, however, that neither Buyers Buyer nor Seller RLF shall be required hereunder to comply with any condition that would have a material adverse effect upon it or any of its Affiliates. If reconsideration or judicial review is sought with respect to the FCC Consent, the party affected shall vigorously oppose such efforts for reconsideration or judicial review; provided, however, that nothing herein shall be construed to limit either party's right to terminate this Agreement pursuant to Article 16 hereof.

Appears in 1 contract

Sources: Asset Purchase Agreement (Regent Communications Inc)

FCC Application. Within five (5) business days after the delivery execution of the Escrow Deposit to the Escrow Agentthis Agreement, Buyers and Seller Sellers shall file an application with the FCC for the FCC Consent (the "FCC Application"). Buyers and Seller Sellers shall prosecute the FCC Application with all reasonable diligence and otherwise use their best efforts to obtain the FCC Consent as expeditiously as practicable (but neither Buyers nor Seller Sellers shall have any obligation to satisfy complainants or the FCC by taking any steps which would have a material adverse effect upon Buyers or Seller Sellers or upon any of their respective Affiliates). If the FCC Consent imposes any condition on Buyers or Seller Sellers or any of their respective Affiliates, such party shall use its best efforts to comply with such condition; provided, however, that neither Buyers nor Seller Sellers shall be required hereunder to comply with any condition that would have a material adverse effect upon it or any of its Affiliates. If reconsideration or judicial review is sought with respect to the FCC Consent, the party affected shall vigorously oppose such efforts for reconsideration or judicial review; provided, however, that nothing herein shall be construed to limit either party's right to terminate this Agreement pursuant to Article 16 hereof.

Appears in 1 contract

Sources: Asset Purchase Agreement (Regent Communications Inc)

FCC Application. Within five ten (510) business days after the delivery execution of the Escrow Deposit to the Escrow Agentthis Agreement, Buyers and Seller shall file an application with the FCC for the FCC Consent (the "FCC Application"). Buyers and Seller shall prosecute the FCC Application with all reasonable diligence and otherwise use their best all reasonable efforts to obtain the FCC Consent as expeditiously as practicable (but neither Buyers nor Seller shall have any obligation to satisfy complainants or the FCC by taking any steps which would have a material adverse effect upon Buyers or Seller or upon any of their respective Affiliates). If the FCC Consent imposes any material condition on Buyers or Seller or any of their respective Affiliates, such party shall use its best all reasonable efforts to comply with such condition; provided, however, that neither Buyers nor Seller shall be required hereunder to comply with any condition that requires the sale of any other radio station owned by them or that otherwise would have a material adverse effect upon it them or any of its their Affiliates. If reconsideration or judicial review is sought with respect to the FCC Consent, the party affected shall vigorously oppose such efforts for reconsideration or judicial review; provided, however, that nothing herein shall be construed to limit either party's right to terminate this Agreement pursuant to Article 16 hereof.

Appears in 1 contract

Sources: Asset Purchase Agreement (Regent Communications Inc)

FCC Application. Within five ten (510) business days after the delivery --------------- execution of the Escrow Deposit to the Escrow Agentthis Agreement, Buyers and Seller shall file an application with the FCC for the FCC Consent (the "FCC Application"). Buyers and Seller shall prosecute the FCC Application with all reasonable diligence and otherwise use their best all reasonable efforts to obtain the FCC Consent as expeditiously as practicable (but neither Buyers nor Seller shall have any obligation to satisfy complainants or the FCC by taking any steps which would have a material adverse effect upon Buyers or Seller or upon any of their respective Affiliates). If the FCC Consent imposes any material condition on Buyers or Seller or any of their respective Affiliates, such party shall use its best all reasonable efforts to comply with such condition; provided, however, that neither Buyers nor Seller shall be required hereunder to comply with any condition that requires the sale of any other radio station owned by them or that otherwise would have a material adverse effect upon it them or any of its their Affiliates. If reconsideration or judicial review is sought with respect to the FCC Consent, the party affected shall vigorously oppose such efforts for reconsideration or judicial review; provided, however, that nothing herein shall be construed to limit either party's right to terminate this Agreement pursuant to Article 16 hereof.

Appears in 1 contract

Sources: Asset Purchase Agreement (Nm Licensing LLC)

FCC Application. Within five (5) business days after the delivery execution of the Escrow Deposit to the Escrow Agentthis Agreement, Buyers and Seller shall file an application with the FCC for the FCC Consent (the "FCC Application"). Buyers and Seller shall prosecute the FCC Application with all reasonable diligence and otherwise use their best commercially reasonable efforts to obtain the FCC Consent as expeditiously as practicable (but neither Buyers nor Seller shall have any obligation to satisfy complainants or the FCC by taking any steps which would have a material adverse effect upon Buyers or Seller or upon any of their respective Affiliates). If the FCC Consent imposes any condition on Buyers or Seller or any of their respective Affiliates, such party shall use its best commercially reasonable efforts to comply with such condition; provided, however, that neither Buyers nor Seller shall be required hereunder to comply with any condition that would have a material adverse effect upon it or any of its Affiliates. If reconsideration or judicial review is sought with respect to the FCC Consent, the party affected shall vigorously oppose such efforts for reconsideration or judicial review; provided, however, that nothing herein shall be construed to limit either party's right to terminate this Agreement pursuant to Article 16 hereof.

Appears in 1 contract

Sources: Asset Purchase Agreement (Regent Communications Inc)