Common use of FCC Consents Clause in Contracts

FCC Consents. Subject to the last sentence of Section 5.2, the FCC shall have granted by Final Order the FCC Consent Application, without conditions, qualifications or other restrictions that are likely to have a material adverse effect immediately after the Closing Date on Parent or any of its Subsidiaries, whether imposed by the FCC or any other Governmental Entity. "Final Order" means an order, action or decision of a Governmental Entity that has not been reversed, stayed, or enjoined and as to which the time to appeal, petition for certiorari or seek reargument or rehearing or administrative reconsideration or review has expired and as to which no appeal, reargument, petition for certiorari or rehearing or petition for reconsideration or application for review is pending or as to which any right to appeal, reargue, petition for certiorari or rehearing or reconsideration or review has been waived in writing by each party having such a right or, if any appeal, reargument, petition for certiorari or rehearing or reconsideration or review thereof has been sought, the order or judgment of the court or agency has been affirmed by the highest court (or the administrative entity or body) to which the order was appealed or from which the argument or rehearing or reconsideration or review was sought, or certiorari has been denied, and the time to take any further appeal or to seek certiorari or further reargument or rehearing, or reconsideration or review, has expired.

Appears in 3 contracts

Sources: Agreement and Plan of Reorganization and Merger (Quantum Direct Corp), Agreement and Plan of Reorganization and Merger (Valuevision International Inc), Agreement and Plan of Reorganization and Merger (National Media Corp)