Common use of FCC Application Clause in Contracts

FCC Application. The assignment of the FCC Authorization as contemplated by this Agreement is subject to the prior consent and approval of the FCC. No later than ten (10) business days after the date that the parties execute this Agreement, Buyer and Seller shall file the FCC Application. Seller and Buyer shall thereafter prosecute the FCC Application with all reasonable diligence and otherwise use their best efforts to obtain the grant of the FCC Application as expeditiously as practicable. 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 17 hereof.

Appears in 2 contracts

Samples: Option Agreement (Legacy Communications Corp), Option Agreement (Legacy Communications Corp)

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FCC Application. The assignment of the FCC Authorization Station Licenses as contemplated by this Agreement is subject to the prior consent and approval of the FCC. No later than ten (10) Within seven business days after the date that the parties execute of this Agreement, Buyer and Seller shall file the FCC Application. Seller and Buyer shall thereafter prosecute the FCC Application with all reasonable diligence and otherwise use their best efforts to obtain the grant of the FCC Application as expeditiously as practicable. If reconsideration or judicial review is sought with respect to the FCC Consent, the party affected shall vigorously oppose such efforts for reconsideration or administrative or judicial review; provided, however, that nothing herein shall be construed to limit either party's right to terminate this Agreement pursuant to Article 17 hereof.

Appears in 1 contract

Samples: Asset Purchase Agreement (F2 Broadcast Network Inc)

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FCC Application. The assignment of the FCC Authorization License as contemplated by this Agreement is subject to the prior consent and approval of the FCC. No later than ten two (102) business days after the date that the parties execute this Agreement, Buyer and Seller shall file the FCC Application. Seller and Buyer shall thereafter prosecute the FCC Application with all reasonable diligence and otherwise use their best efforts to obtain the grant of the FCC Application as expeditiously as practicable. 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 ’s right to terminate this Agreement pursuant to Article 17 hereof.

Appears in 1 contract

Samples: Asset Purchase Agreement (Legacy Communications Corp)

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