FCC Orders Sample Clauses

FCC Orders. This Agreement is entered into pursuant to the FCC Orders and the Parties’ conduct and performance hereunder is subject to the limitations and requirements of the FCC Orders.

FCC Orders. The actions, orders or decisions of the FCC, granting its consent to the assignment of the FCC Licenses of the Univision Station to Salem and the FCC Licenses of the Salem Station to Univision.

FCC Orders. (a) All of the FCC Orders shall have been issued as to all Stations and shall have become effective under the rules of the FCC and applicable law. (b) Conditions which the FCC Orders or any order, ruling or decree of any judicial or administrative body specifies and requires to be satisfied prior to transfer of the FCC Licenses to Buyer shall have been satisfied.

FCC Orders. (a) All of the FCC Orders shall have been issued without any Material Adverse FCC Condition affecting Buyer; provided that if a petition to deny or other third-party objection which raises any significant issue is filed with the FCC prior to the date on which all of the FCC Orders are issued and become effective, and such petition or objection is not withdrawn as of such date, then Buyer's obligation to effect the Closing shall be subject to the further condition that the FCC Orders shall each have become a Final Action (unless the FCC Arbitrator pursuant to Section 6.3(b) determines there is no significant issue or the parties otherwise agree). Furthermore, the FCC Orders shall include authorization for Buyer to continue to operate KAII(TV) and KAHW(TV) as satellite television stations. (b) If within five (5) days after Buyer and Sellers acquire knowledge of such a petition or objection, Buyer and Sellers do not agree on whether such petition or objection raises a significant issue, then R. Clar▇ ▇▇▇▇▇▇ (▇▇e "FCC Arbitrator") of the law firm of Sidley & Austin shall be engaged to resolve such matter within five (5) business days. If Mr. ▇▇▇▇▇▇ ▇▇ unable or unwilling to so serve, then the parties shall promptly designate and engage another attorney who regularly practices communications law to serve as the FCC Arbitrator. The FCC Arbitrator may adopt such procedures and policies in reviewing and deciding this matter as the FCC Arbitrator desires in his sole discretion. The FCC Arbitrator's decision shall be final and binding on Buyer and Sellers, and Buyer and Sellers shall each bear one-half of the FCC Arbitrator's fees and expenses. For purposes of this Agreement, the parties acknowledge and agree that a "significant issue" is any issue which if resolved in the favor of a petitioner or third-party objector is reasonably likely to result in the FCC requiring the Buyer to divest any Station or operate any Station subject to a Material Adverse FCC Condition. (c) Conditions which the FCC Orders or any order, ruling or decree of any judicial or administrative body specifies and requires to be satisfied prior to transfer of the FCC Licenses to Buyer shall have been satisfied. (d) All of the FCC Licenses shall be in full force and effect.