FCC Approval. The parties to this Agreement understand, acknowledge and agree that any transfer of all or any part of the shares underlying the Options, or any change in the ownership of IPL, shall be subject to the requirements of the Communications Act of 1934, as amended, and the rules and regulations of the Federal Communications Commission ("FCC") as may be in effect at the time of such transfer, and that before certain rights provided for in this Agreement are exercised, it may be necessary to obtain any approval of the FCC required under applicable law.
Appears in 6 contracts
Samples: Stock Option Agreement (Video Services Corp), Stock Option Agreement (Video Services Corp), Stock Option Agreement (Video Services Corp)
FCC Approval. The parties to this Agreement understand, acknowledge and agree that any transfer of all or any part of the shares underlying the OptionsOption, or any change in the ownership of IPL, shall be subject to the requirements of the Communications Act of 1934, as amended, and the rules and regulations of the Federal Communications Commission ("FCC") as may be in effect at the time of such transfer, and that before certain rights provided for in this Agreement are exercised, it may be necessary to obtain any approval of the FCC required under applicable law.
Appears in 1 contract
Samples: Adizes) Stock Option Agreement (Video Services Corp)
FCC Approval. The parties to this Agreement understand, acknowledge and agree that any transfer of all or any part of the shares underlying the Options, or any change in the ownership of IPL, Options shall be subject to the requirements of the Communications Act of 1934, as amended, and the rules and regulations of the Federal Communications Commission ("FCC") as may be in effect at the time of such transfer, and that before certain rights provided for in this Agreement are exercised, it may be necessary to obtain any approval of the FCC required under applicable law.
Appears in 1 contract
