PUC Application definition
Examples of PUC Application in a sentence
No party hereto shall knowingly take, or fail to take, any action if the intent or reasonably anticipated consequence of such action or failure to act is, or would be, to cause any State PUC not to grant approval of any State PUC Application or materially delay either such approval or the consummation of the assignment of licenses and Customer Base of Sellers.
If the Closing shall not have occurred for any reason within any applicable consummation period relating to any State PUC's grant of any State PUC Application, and neither Acquisition nor the Company shall have terminated this Agreement pursuant to Section 9.1, Acquisition and the Company shall jointly request one or more extensions of the consummation period of such grant.
No party hereto shall knowingly take, or fail to take, any action if the intent or reasonably anticipated consequence of such action or failure to act is, or would be, to cause the FCC, any State PUC, or other regulatory authority not to grant approval of any FCC Application or of any State PUC Application or materially delay either such approval or the consummation of the assignment of Communications Licenses and Customer Base of the Sellers.
If the Closing shall not have occurred for any reason within any applicable consummation period relating to any State PUC's grant of any State PUC Application, and neither Purchaser nor the Sellers shall have terminated this Agreement pursuant to Section 8.1, Purchaser and Sellers shall jointly request one or more extensions of the consummation period of such grant.
If the Closing shall not have occurred for any reason within any applicable consummation period relating to any State PUC's grant of any State PUC Application, and neither the Purchaser nor any of the Sellers shall have terminated this Agreement pursuant to Sections 8.1, 8.2, 8.3 or 8.4, the Purchaser and the Sellers shall jointly request one or more extensions of the consummation period of such grant.
If the PUC issues an Unfavorable PUC Order or if a satisfactory PUC Approval Order is not obtained within twelve (12) months of the PUC Submittal Date, or within such longer period as Company and Seller may agree to by a written agreement (the “PUC Application Period”), Company or Seller may, by written notice delivered within one hundred eighty (180) Days of the Unfavorable PUC Order or the expiration of the PUC Application Period, declare this Agreement null and void.
No party hereto shall knowingly take, or fail to take, any action if the intent or reasonably anticipated consequence of such action or failure to act is, or would be, to cause any State PUC not to grant approval of any State PUC Application or materially delay either such approval or the consummation of the transfer of control of the Company.
If at any time after the date of this Agreement, the PUC Application is denied in whole or in pertinent part, or a final decision and order issued by the Commission on the PUC Application is not a Commission Approval Order, then Buyer may immediately terminate this Agreement by providing prompt written notice of such termination delivered to Sellers, which notice shall include a reasonably detailed statement of the reason for such termination.
Closing is contingent upon the issuance of a decision and order by the Commission that (i) is final and reasonable and (ii) approves all of the relief requested in the PUC Application.
Buyer and Sellers understand that lack of cooperation may result in Buyer's inability to file the PUC Application and/or a failure to receive a Commission Approval Order.