Common use of Conveyance To Trust Clause in Contracts

Conveyance To Trust. If, (i) either (x) prior to the Closing, FirstMark is granted a DEMS license by the FCC pursuant to the FirstMark DEMS Application with respect to channel 31 in the New York SMSA (the "FirstMark DEMS Application License") or (y) the FirstMark DEMS Application License has not been granted prior to the Closing and the FirstMark DEMS Application with respect to channel 31 remains outstanding, and (ii) the transfer of control at the Closing of the FirstMark DEMS Application License or such FirstMark DEMS Application, as the case may be, is not permitted under the terms of the Requisite Approvals, the FirstMark DEMS Application License or such FirstMark DEMS Application, as the case may be, shall be conveyed by FirstMark prior to the Closing to the Trust. After the Closing, Associated, Contributor and FirstMark shall cooperate and use their reasonable best efforts, at Associated's expense, to obtain all Requisite Approvals for the transfer of control of the FirstMark DEMS Application License or such FirstMark DEMS Application, as the case may be, in which event the FirstMark DEMS Application License or such FirstMark DEMS Application, as the case may be, shall be released from the Trust to FirstMark, without payment of any additional consideration by Associated.

Conveyance To Trust. If, (i) either (x) prior to the Closing, FirstMark is granted a DEMS license by the FCC pursuant to the FirstMark DEMS Application with respect to channel 31 in the New York SMSA (the "FirstMark DEMS Application License") or (y) the FirstMark DEMS Application License has not been granted prior to the Closing and the FirstMark DEMS Application with respect to channel 31 remains outstanding, and (ii) the transfer of control at the Closing of the FirstMark DEMS Application License or such FirstMark DEMS Application, as the case may be, is not permitted under the terms of the Requisite Approvals, the FirstMark DEMS Application License or such FirstMark DEMS Application, as the case may be, shall be conveyed by FirstMark prior to the Closing to the Trust. After the Closing, Associated, Contributor and FirstMark shall cooperate and use their reasonable best efforts, at Associated's expense, to obtain all Requisite Approvals for the transfer of control of the FirstMark DEMS Application License or such FirstMark DEMS Application, as the case may be, in which event the FirstMark DEMS Application License or such FirstMark DEMS Application, as the case may be, shall be released from the Trust to FirstMark, without payment of any additional consideration by Associated.. 19