Assignment Applications Sample Clauses
The Assignment Applications clause governs the conditions under which a party may transfer its rights or obligations under the agreement to another entity. Typically, this clause outlines whether assignments are permitted, if prior written consent is required, or if certain assignments are automatically allowed, such as to affiliates or in connection with a merger. Its core function is to provide clarity and control over who may step into the contractual relationship, thereby protecting the interests of the original parties and preventing unwanted or unexpected changes in contractual obligations.
Assignment Applications. Within ten (10) business days after the execution of this Agreement, the Seller and the Buyers shall jointly file with the FCC an application for assignment of the FCC Licenses, permits and authorizations pertaining to the Station from the Seller to Licensing (the "Assignment Application"). The costs of the FCC filing fees in connection with the Assignment Application shall be divided equally between the Parties. Each party shall pay its own attorneys' fees. The Seller and the Buyers shall thereafter prosecute the Assignment Application with all reasonable diligence and otherwise use commercially reasonable efforts to obtain the grant of the Assignment Application as expeditiously as practicable (but neither the Seller nor the Buyers shall have any obligation to satisfy complainants or the FCC by taking any steps which would have a material adverse effect upon the Station or impose significant costs on such party). If the FCC imposes any condition on either party to the Assignment Application, such party shall use commercially reasonable efforts to comply with such condition, provided, that neither party shall be required hereunder to comply with any condition that would have a material adverse effect upon the Station or any Affiliate. The Seller and the Buyers shall jointly oppose any requests for reconsideration or judicial review of FCC approval of the Assignment Application and shall jointly request from the FCC extension of the effective period of FCC approval of the Assignment Application if the Closing shall not have occurred prior to the expiration of the original effective period of the FCC Consent. Nothing in this Section 4(b) shall be construed to limit either party's right to terminate this Agreement pursuant to Section 9 of this Agreement.
Assignment Applications. 16 (c) Notices and Consents............................................17 (d) Operation of Business...........................................17 (e) Employment Offers...............................................17 (f) Advertising Obligations.........................................17 (g) Operating Statements............................................17 (h) Contracts.......................................................17 (i) Operation of Stations...........................................18 (j) Credit and Receivables..........................................18 (k) Preservation of Business........................................18 (l) Full Access.....................................................18 (m) Notice of Developments..........................................18 (n) Exclusivity.....................................................18 (o)
Assignment Applications. 13 (c) Employment Offers..........................................13 (d) Notices and Consents.......................................13
Assignment Applications. 15 (c) Employment Offers...........................................16 (d) Notices and Consents........................................16 (e) Operation of Business.......................................16 (f) Advertising Obligations.....................................16 (g)
Assignment Applications. 15 (c) Transfer Applications......................................15
Assignment Applications. Within thirty (30) business days after the execution of this Agreement, the Seller and the Buyers shall jointly file with the FCC an application for assignment of the FCC Licenses, permits and authorizations pertaining to the Stations from the Seller to Licensing (the "Assignment Application"
Assignment Applications. Purchaser and the FCC Affiliate have filed one or more applications with the FCC (collectively, the “FCC Assignment Applications”) requesting FCC consent to the assignment of the FCC Licenses from the FCC Affiliate to a post-Closing subsidiary of Purchaser (the “Assignee”). FCC consent to the FCC Assignment Applications without any material adverse conditions other than those of general applicability is referred to herein collectively as the “FCC Assignment Consent.” Seller, and by signing below the FCC Affiliate, agree that (1) to the extent that the FCC Assignment Consent has been granted as to all or any part of the FCC Licenses as of the date hereof, such FCC Licenses are hereby assigned to Assignee effective upon execution of this Agreement without need for further action, and (2) to the extent that the FCC Assignment Consent has not been granted as to all or any part of the FCC Licenses as of the date hereof, such FCC Licenses are hereby assigned to Assignee effective automatically upon issuance of the FCC Assignment Consent with respect to such FCC Licenses without need for further action. If requested by Purchaser, Seller shall cause the FCC Affiliate to promptly execute and deliver to Purchaser an assignment agreement or any other documents evidencing the assignment of the FCC Licenses to Purchaser.