Common use of Certain Regulatory Requirements Clause in Contracts

Certain Regulatory Requirements. Any provision contained herein to the contrary notwithstanding, no action shall be taken hereunder by the Administrative Agent or any Lender with respect to any item of Collateral unless and until all applicable requirements (if any) of the FCC under the Federal Communications Act of 1934, as amended, and the respective rules and regulations thereunder and thereof, as well as any other federal, state or local laws, rules and regulations of other regulatory or governmental bodies applicable to or having jurisdiction over the Pledgor (or any entity under the control of the Pledgor), including any PUC with respect to any PUC Authorizations, have been satisfied with respect to such action and there have been obtained such consents, approvals and authorizations (if any) as may be required to be obtained from the FCC, any PUC and any other governmental authority under the terms of any license or similar operating right held by the Pledgor (or any entity under the control of the Pledgor). It is the intention of the parties hereto that the Liens in favor of the Administrative Agent on the Collateral shall in all relevant aspects be subject to and governed by said statutes, rules and regulations and that nothing in this Agreement shall be construed to diminish the control exercised by the Pledgor except in accordance with the provisions of such statutory requirements, rules and regulations. The Pledgor agrees that upon request from time to time by the Administrative Agent it will use its best efforts to obtain any governmental, regulatory or third party consents, approvals or authorizations referred to in this Section 5.10.

Appears in 1 contract

Samples: Credit Agreement (Centennial Cellular Corp)

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Certain Regulatory Requirements. Any provision contained herein to the contrary notwithstanding, no action shall be taken hereunder by the Administrative Agent or any Lender with respect to any item of Collateral unless and until all applicable requirements (if any) of the FCC under the Federal Communications Act of 1934, as amended, and the respective rules and regulations thereunder and thereof, as well as any other federalFederal, state or local laws, rules and regulations of other regulatory or governmental bodies applicable to or having jurisdiction over the Pledgor any Obligor (or any entity under the control of the Pledgorsuch Obligor), including any PUC with respect to any PUC Authorizations, have been satisfied with respect to such action and there have been obtained such consents, approvals and authorizations (if any) as may be required to be obtained from the FCC, any PUC FCC and any other governmental authority under the terms of any license or similar operating right held by the Pledgor such Obligor (or any entity under the control of the Pledgorsuch Obligor). It is the intention of the parties hereto that the Liens in favor of the Administrative Agent on the Collateral shall in all relevant aspects be subject to and governed by said statutes, rules and regulations and that nothing in this Agreement shall be construed to diminish the control exercised by the Pledgor Obligors except in accordance with the provisions of such statutory requirements, rules and regulations. The Pledgor Each Obligor agrees that upon request from time to time by the Administrative Agent after the occurrence and during the continuance of an Event of Default, it will use its best efforts to obtain any governmental, regulatory or third party consents, approvals or authorizations referred to in this Section 5.106.10.

Appears in 1 contract

Samples: Security Agreement (Sinclair Broadcast Group Inc)

Certain Regulatory Requirements. Any provision contained herein ------------------------------- to the contrary notwithstanding, no action shall be taken hereunder by the Administrative Agent or any Lender with respect to any item of Collateral unless and until all applicable requirements (if any) of the FCC under the Federal Communications Act of 1934, as amended, and the respective rules and regulations thereunder and thereof, as well as any other federal, state or local laws, rules and regulations of other regulatory or governmental bodies (including, without limitation, any municipality that has issued any Franchise to a Securing Party or any of its Subsidiaries) applicable to or having jurisdiction over the Pledgor such Securing Party (or any entity under the control of the Pledgorsuch Securing Party), including any PUC with respect to any PUC Authorizations, have been satisfied with respect to such action and there have been obtained such consents, approvals and authorizations (if any) as may be required to be obtained from the FCC, any PUC operating municipality and any other governmental authority under the terms of any Franchise, any license or similar operating right held by the Pledgor such Securing Party (or any entity under the control of the Pledgorsuch Securing Party). It is the intention of the parties hereto that the Liens in favor of the Administrative Agent on the Collateral shall in all relevant aspects be subject to and governed by said statutes, rules and regulations and the Franchise(s) and that nothing in this Agreement shall be construed to diminish the control exercised by the Pledgor any Securing Party except in accordance with the provisions of such statutory requirements, rules and regulationsregulations and the Franchises. The Pledgor Each Secured Party agrees that upon request from time to time by the Administrative Agent it will use its best efforts to obtain any governmental, regulatory or third party consents, approvals or authorizations referred to in this Section 5.106.09.

Appears in 1 contract

Samples: Credit Agreement (Mediacom Capital Corp)

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Certain Regulatory Requirements. Any provision contained herein to the contrary notwithstanding, no action shall be taken hereunder by the Administrative Agent or any Lender with respect to any item of Collateral unless and until all applicable requirements (if any) of the FCC under the Federal Communications Act of 1934, as amended, and the respective rules and regulations thereunder and thereof, as well as any other federal, state or local laws, rules and regulations of other regulatory or governmental bodies (including, without limitation, any municipality that has issued any Franchise to a Securing Party or any of its Subsidiaries) applicable to or having jurisdiction over the Pledgor such Securing Party (or any entity under the control of the Pledgorsuch Securing Party), including any PUC with respect to any PUC Authorizations, have been satisfied with respect to such action and there have been obtained such consents, Pledge Agreement approvals and authorizations (if any) as may be required to be obtained from the FCC, any PUC operating municipality and any other governmental authority under the terms of any Franchise, any license or similar operating right held by the Pledgor such Securing Party (or any entity under the control of the Pledgorsuch Securing Party). It is the intention of the parties hereto that the Liens in favor of the Administrative Agent on the Collateral shall in all relevant aspects be subject to and governed by said statutes, rules and regulations and the Franchise(s) and that nothing in this Agreement shall be construed to diminish the control exercised by the Pledgor any Securing Party except in accordance with the provisions of such statutory requirements, rules and regulationsregulations and the Franchises. The Pledgor Each Securing Party agrees that upon request from time to time by the Administrative Agent it will use its best efforts to obtain any governmental, regulatory or third party consents, approvals or authorizations referred to in this Section 5.106.09.

Appears in 1 contract

Samples: Credit Agreement (Mediacom Capital Corp)

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