Common use of Application for Transfer of Control Clause in Contracts

Application for Transfer of Control. As promptly as practicable after the date of this Agreement, and in no event later than 10 business days after the date of this Agreement, the Stockholder shall cause the Company (to the extent within the Stockholder's control) to file, together with Citadel, an application (the "FCC Application") with the FCC to approve the transfer of control of the Stations from the Company to Citadel (the "FCC Approval"). Citadel shall have primary responsibility for filing the FCC Application. The parties agree that they shall jointly prosecute the FCC Application (and shall cooperate with each other in the timely prosecution thereof), in good faith and with due diligence, and within the time allowed therefor by the rules and regulations of the FCC. The Stockholder and Citadel shall each take all necessary actions on its or his part to obtain the FCC Approval. Citadel shall advance the filing fee for the FCC Application, and the Stockholder shall reimburse Citadel for one-half of such filing fee at the Closing (or upon the earlier termination of this Agreement). Subject to Section 14.7, all other costs and expenses incurred by each party in connection with the filing and prosecution of the FCC Application shall be paid by the party incurring the cost or expense.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Citadel Broadcasting Co), Stock Purchase Agreement (Citadel Broadcasting Co)

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Application for Transfer of Control. As promptly as practicable after the date of this Agreement, and in no event later than 10 business days after the date execution of this Agreement, the Stockholder Company and Citadel shall cause the Company (to the extent within the Stockholder's control) to file, together with Citadel, file an application (the "FCC ApplicationAPPLICATION") with the FCC to approve the transfer of control of the Stations Station from the Company to Citadel (the "FCC ApprovalAPPROVAL"). Citadel shall have primary responsibility for filing the FCC Application. The parties agree that they shall jointly prosecute the FCC Application (and shall cooperate with each other in the timely prosecution thereof), in good faith and with due diligence, and within the time allowed therefor by the rules and regulations of the FCC. The Stockholder Company and Citadel shall each take all necessary actions on its or his part to obtain the FCC Approval. Citadel shall advance the filing fee for the FCC Application, and the Stockholder Stockholders shall reimburse Citadel for one-half of such filing fee at the Closing (or upon the earlier termination of this Agreement)Closing. Subject to Section 14.7, all All other costs and expenses incurred by each party in connection with the filing and prosecution of the FCC Application shall be paid by the party incurring the cost or expense.

Appears in 1 contract

Samples: Merger Agreement (Citadel License Inc)

Application for Transfer of Control. As promptly as practicable after the date of this Agreement, and in no event later than 10 business days after the date of this Agreement, the Stockholder Company and Citadel shall cause the Company file applications (to the extent within the Stockholder's control) to filecollectively, together with Citadel, an application (the "FCC ApplicationApplications") with the FCC to approve the transfer of control of the Stations from the Company to Citadel (the "FCC Approval"). Citadel shall have primary responsibility for filing the FCC ApplicationApplications. The parties agree that they shall jointly prosecute the FCC Application Applications (and shall cooperate with each other in the timely prosecution thereof), in good faith and with due diligence, and within the time allowed therefor by the rules and regulations of the FCC. The Stockholder Company and Citadel shall each promptly take all necessary actions on its or his their part to obtain the FCC Approval. Citadel shall advance the filing fee for the FCC ApplicationApplications, and the Stockholder Stockholders shall reimburse Citadel for one-half of such filing fee at the Closing (or upon the earlier termination of this Agreement). Subject to Section 14.716.7, all other costs and expenses incurred by each party in connection with the filing and prosecution of the FCC Application Applications shall be paid by the party incurring the cost or expense.

Appears in 1 contract

Samples: Stock Purchase Agreement (Citadel Broadcasting Co)

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Application for Transfer of Control. As promptly as practicable after the date of this Agreement, and in no event later than 10 business days after the date execution of this Agreement, the Stockholder Company and Citadel shall cause the Company (to the extent within the Stockholder's control) to file, together with Citadel, file an application (the "FCC ApplicationAPPLICATION") with the FCC to approve the transfer of control of the Stations from the Company to Citadel (the "FCC ApprovalAPPROVAL"). Citadel shall have primary responsibility for filing the FCC Application. The parties agree that they shall jointly prosecute the FCC Application (and shall cooperate with each other in the timely prosecution thereof), in good faith and with due diligence, and within the time allowed therefor by the rules and regulations of the FCC. The Stockholder Company and Citadel shall each take all necessary actions on its or his part to obtain the FCC Approval. Citadel shall advance the filing fee for the FCC Application, and the Stockholder Stockholders shall reimburse Citadel for one-half of such filing fee at the Closing (or upon the earlier termination of this Agreement)Closing. Subject to Section 14.7, all All other costs and expenses incurred by each party in connection with the filing and prosecution of the FCC Application shall be paid by the party incurring the cost or expense.

Appears in 1 contract

Samples: Merger Agreement (Citadel License Inc)

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