Common use of COMPLIANCE WITH FCC AND STATE PUC REQUIREMENTS Clause in Contracts

COMPLIANCE WITH FCC AND STATE PUC REQUIREMENTS. Company and Purchaser each hereby acknowledge its intent that this Agreement, the Warrants, the Warrant Certificates and the Warrant Shares (as well as the exercise of rights hereunder) each comply with all of the laws, regulations and orders of and/or administered by the FCC or any State PUC relating to Purchaser's ownership, exercise and/or other realization of rights in connection herewith. If at any time the terms and conditions of any such ownership, exercise or other ability to realize upon rights violates, is in conflict with or requires any consent under any such legal requirements, then Company and Purchaser (or any subsequent Holder) will cooperate and negotiate in good faith to amend the underlying documents (or the relevant rights therein) and/or to file and prosecute (or to cause others to file and prosecute) applications for any such consent in order to enable Company and Purchaser (or such subsequent Holder) to be in compliance in all material respects with such legal requirements.

Appears in 5 contracts

Samples: Warrant Agreement (MCG Finance Corp), Warrant Agreement (Bizness Online Com), Warrant Agreement (Bizness Online Com)

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COMPLIANCE WITH FCC AND STATE PUC REQUIREMENTS. Company and Purchaser each hereby acknowledge its intent that this Agreement, the Warrants, the Warrant Certificates and the Warrant Shares (as well as the exercise of rights hereunder) each comply with all of the laws, regulations and orders of and/or administered by the FCC or any State PUC relating to Purchaser's ownership, exercise and/or other realization of rights in connection herewith. If at any time the terms and conditions of any such ownership, exercise or other ability to realize upon rights violates, is in conflict with or requires any consent under any such legal requirements, then Company and Purchaser (or any subsequent Holder) will cooperate and negotiate in good faith to amend the underlying documents (or the relevant rights therein) and/or to file and prosecute (or to cause others to file and prosecute) applications for any such consent in order to enable Company and Purchaser (or such subsequent Holder) to be in compliance in all material respects with such legal requirements.

Appears in 3 contracts

Samples: Warrant Agreement (Talk Com), Warrant Agreement (Startec Global Communications Corp), Option and Warrant Agreement (Talk Com)

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