Common use of FCC Applications Clause in Contracts

FCC Applications. Promptly upon the execution of this Agreement, the parties shall proceed to prepare for filing the necessary FCC applications for assignment of the Station Licenses (the "FCC Applications"), which shall be filed no later than ten (10) business days after the date hereof. SFX and CBS shall thereafter prosecute the FCC Applications with all reasonable diligence and otherwise use their best efforts to obtain the grant of the FCC Applications as expeditiously as practicable (but neither SFX nor CBS shall have any obligation to satisfy complainants or the FCC by taking any steps which would have a Material Adverse Effect (as defined in Section 17.14) on it or any of its Affiliates (as defined in Section 17.14) or with respect to the SFX Station Assets or the CBS Stations Assets, as applicable). If the FCC Consent imposes any condition on either party hereto, such party shall use its best efforts to comply with such condition; provided, however, that neither party shall be required hereunder to comply with any condition which would have a Material Adverse Effect on it or any of its Affiliates or with respect to the SFX Station Assets or the CBS Stations Assets, as applicable. 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.

FCC Applications. Promptly upon Within 10 days after the execution of this Agreement, Agreement or such earlier time as shall be agreed to by all of the parties hereto, Chancellor and ARS shall proceed to prepare file the applications with the FCC for filing the necessary FCC applications for assignment of the Station Licenses Consent (the "FCC Applications"), which ) to assign the California Station License to Chancellor and the Florida Stations Licenses to ARS. Chancellor and ARS shall be filed no later than ten (10) business days after the date hereof. SFX and CBS shall thereafter prosecute the FCC Applications with all reasonable diligence and otherwise use their best efforts to obtain the grant of the FCC Applications Consents as expeditiously as practicable (but neither SFX Chancellor nor CBS ARS shall have any obligation to satisfy complainants or the FCC by taking any steps which would have a Material Adverse Effect (as defined in Section 17.14) on it material adverse effect upon Chancellor or ARS, or upon any of its Affiliates (as defined in Section 17.14) or with respect to the SFX Station Assets or the CBS Stations Assets, as applicabletheir Affiliates). If the FCC Consent Consents imposes any condition on either party hereto, Chancellor or ARS such party shall use its best reasonable efforts to comply with such condition; provided, however, that neither party Chancellor nor ARS shall be required hereunder to comply with any condition which that would have a Material Adverse Effect on material adverse effect upon it or any of its Affiliates or with respect to the SFX Station Assets or the CBS Stations Assets, as applicableAffiliates. If reconsideration or of judicial review is sought with respect to the FCC ConsentConsents, 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 16Section 20 hereof.