Common use of FCC Qualifications Clause in Contracts

FCC Qualifications. Sellers hereby covenant and agree that prior to the Closing they shall cause the Company to maintain all necessary qualifications to hold and to obtain renewal in the ordinary course of the Licenses, and further covenant that they shall not knowingly or negligently take any action, or fail to take any action, which action or failure to act creates a material risk that the Company would not be qualified to hold the Licenses or that the FCC would revoke the Licenses; provided, however, that Purchaser shall be responsible for the Transition Liability as defined in and pursuant to Section 5.13.

FCC Qualifications. Sellers Seller hereby covenant covenants and agree agrees that prior to the Closing they it shall cause the Company use commercially reasonable efforts to maintain all necessary qualifications to hold and to obtain renewal in the ordinary course of the Licenses, and further covenant covenants that they it shall not knowingly or negligently take any action, or fail to take any action, which action or failure to act creates a material risk that Seller, or the Company applicable Lessor, would not be qualified to hold the Licenses or that the FCC would revoke the Licenses; provided, however, that Purchaser shall be responsible for the Transition Liability as defined in and pursuant to Section 5.13.

FCC Qualifications. Sellers The Company hereby covenant covenants and agree agrees that prior to the Closing they it shall cause the Company to maintain all necessary qualifications to hold and to obtain renewal in the ordinary course of the LicensesLicenses and Leases, and further covenant covenants that they it shall not knowingly or negligently take any action, or fail to take any action, which action or failure to act creates a material risk that the Company would not be qualified to hold the Licenses or Leases or that the FCC would revoke the Licenses; provided, however, that Purchaser shall be responsible for the Transition Liability as defined in and pursuant to Section 5.13Licenses or Leases.

FCC Qualifications. Sellers Seller hereby covenant covenants and agree agrees that prior to the Closing they it shall cause the Company to maintain all necessary qualifications to hold and to obtain renewal in the ordinary course of the Licenses, and further covenant covenants that they it shall not knowingly or negligently take any action, or fail to take any action, which action or failure to act creates a material risk that the Company Seller would not be qualified to hold the Licenses or that the FCC would revoke the Licenses; provided, however, that Purchaser shall be responsible for the Transition Liability as defined in and pursuant to Section 5.13.