Common use of Failure to Comply with FCC Clause in Contracts

Failure to Comply with FCC. (i) The FCC or any other Licensing Authority shall revoke, terminate, substantially and adversely modify or refuse by final order to renew any License relating to a Station or Stations or (ii) the Borrower or any License Subsidiary shall be required pursuant to a final non-appealable order to sell or otherwise dispose of any Station; so long as in each case of (i) and (ii) preceding such event or failure is reasonably expected to have a Material Adverse Effect; or

Appears in 4 contracts

Samples: Credit Agreement (Entercom Communications Corp), Credit Agreement (Entercom Communications Corp), Credit Agreement (Entercom Communications Corp)

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Failure to Comply with FCC. (i) The FCC or any other Licensing Authority shall (A) revoke, terminate, substantially and adversely modify or refuse by final order to renew any License relating to a Station or Stations Stations, or (B) designate any License for hearing or commence proceedings to suspend, revoke, terminate or substantially and adversely modify any License; or (ii) the Borrower or any License Subsidiary shall be required pursuant to a final non-appealable order to sell or otherwise dispose of any Station; so long as in each case of (i) and (ii) preceding such event or failure is reasonably expected to have a Material Adverse Effect; or

Appears in 1 contract

Samples: Credit Agreement (Entercom Communications Corp)

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