After-acquired Licenses. At any time after Microsoft has accepted its registration, Registered Affiliate may use any Product as if licensed under the terms of this Program Agreement, provided it submits an Order for a sufficient number of Licenses to authorize Registered Affiliate’s use of the Product in the same calendar month in which the Product is first used.
After-acquired Licenses. Unless the Borrower and the Administrative Agent shall otherwise agree, cause each after-acquired Operating License to be held in a separate License Subsidiary, provided that to the extent the Borrower shall not have received FCC or APUC approval with respect to the foregoing at the scheduled closing of the acquisition of such Operating License, the Borrower shall comply with the foregoing requirement as soon 103 as practicable following such acquisition (but in any event within 60 days after such acquisition).
After-acquired Licenses. Except to the extent prohibited by any applicable rule or regulation of the RCA or FCC as in effect as of the date hereof, or unless the Borrower and the Administrative Agent shall otherwise agree, Parent and the Borrower agree to take all actions necessary or desirable to cause each after-acquired Operating License to be held in the applicable License Subsidiary, provided that to the extent the Borrower or the applicable Subsidiary shall not have received FCC or RCA approval with respect to the foregoing at the scheduled closing of the acquisition of such Operating License, the Borrower shall comply with the foregoing requirement as soon as practicable following such acquisition (but in any event within 120 days after such acquisition (or such longer period as may be agreed by the Administrative Agent, such agreement not to be unreasonably withheld)).
