Ownership Rules definition
Examples of Ownership Rules in a sentence
Each Limited Partner shall provide the General Partner with such information as the General Partner may reasonably request from time to time in order to determine whether a particular interest in any FCC Regulated Entity would comply with the Communications Act or the FCC Ownership Rules.
Each Purchaser represents that, at and as of the Closing, it holds no direct or indirect interest in any CMRS licensee that would violate Section 22.942 or Section 20.6 of the FCC's Cross Ownership Rules if the purchase of the Preferred Stock were consummated on the terms and subject to the conditions set forth in this Agreement.
The Promoter have assured the Allottee that the Project in its entirety is in accordance with the provisions of the West Bengal Apartment Ownership Act, 1972 and the West Bengal Apartment Ownership Rules, 1974.The Promoters will show compliance of various laws/regulations as applicable in West Bengal including the West Bengal Housing Industry Regulation Act, 2017 and the Rules framed thereunder.
Each Purchaser covenants and agrees that it will not acquire any interest in a Commercial Mobile Radio Service ("CMRS") licensee that would cause the Company to be in violation of the FCC's Cellular Cross Ownership Rules or the FCC's CMRS Spectrum Cap Rules then in effect (collectively, the "FCC'S CROSS OWNERSHIP RULES").
Additionally, if a Stockholder shall designate any person to serve as a director or observer whose appointment will result, in the Company’s reasonable determination, in a Potential Ownership Rules Compliance Issue, the Company may require such Stockholder to designate a different Person whose appointment would not, in the Company’s reasonable determination, result in a Potential Ownership Rules Compliance Issue.
Each Purchaser further covenants and agrees that, in the event it does acquire such an interest, it will use commercially reasonable efforts to dispose promptly of sufficient interests (either by sale of stock or by divesting business segment(s)) in either (i) the competing CMRS channel block(s) or (ii) the Company, to the extent necessary to once again be compliant with the FCC's Cross Ownership Rules.
Such list includes the total number of radio stations in each such market, the number of radio stations in which a single Person may hold an attributable ownership interest under the FCC Media Ownership Rules in that market, and an identification of the radio stations in the market attributable to the Parent.
If the Attributable Stockholder fails to respond to such notice within five (5) Business Days to request consultation with the Company as referenced in the preceding sentence or if, after any such consultation, the parties thereto reasonably determine that no Potential Company-Caused Ownership Rules Compliance Issue exists, the Company may immediately proceed to enter into the binding agreement for the acquisition of an Other Attributable Interest.
The purpose of the restrictions set forth in this Section 13.21 is to conform the rights and powers of Limited Partners to the criteria for non- attribution of limited partner interests established by the FCC Ownership Rules.
Each of the Stockholders shall, and shall cause the directors and observers designated by them to, cooperate with the Company with respect to the Company’s abilities to reasonably determine if any Potential Ownership Rules Compliance Issue arises.