Common use of FCC Approvals Clause in Contracts

FCC Approvals. (a) The Partnership and Buyer have each, as applicable, concurrently with executing this Agreement executed filing copies of FCC applications to either (i) seek the consent of the FCC to the assignment of the FCC Licenses to Buyer, or (ii) have the FCC Licenses reissued by the FCC in the name of Buyer, as appropriate (collectively, the “FCC Approvals”). The Partnership shall file these applications with the FCC as soon as reasonably practicable after the date hereof. The Partnership and Buyer agree to use their respective reasonable best efforts to cooperate with any requests for information, filing of forms, communications with the FCC or other actions which are reasonably necessary in order to obtain the FCC Approvals. (b) If the FCC Approvals have not been obtained on or before the Closing Date and no special temporary authority has been granted by the FCC that allows Buyer to operate under the FCC Licenses, then, (i) the Closing shall nevertheless occur as scheduled, and (ii) the parties will comply with any applicable requirements of the FCC or applicable Law (including without limitation the Partnership tendering for cancellation the FCC Licenses). Buyer agrees that it will not use or operate the equipment which is the subject of the FCC Licenses or the FCC Approvals after the Closing in violation of any requirements of the FCC or any applicable Law.

FCC Approvals. (a) The Partnership a. Seller and Buyer have eachPurchaser will, as applicable, concurrently as promptly as reasonably practicable after the date hereof (and, with executing this Agreement executed regard to the ship radio license, not later than five (5) Business Days prior to the Closing), execute and file filing copies of FCC applications to either (i) seek the consent of the FCC to the assignment of the FCC Licenses to BuyerPurchaser, or (ii) have the FCC Licenses reissued by the FCC in the name of BuyerPurchaser, as appropriate (collectively, the “FCC Approvals”). The Partnership shall file these applications with the FCC as soon as reasonably practicable after the date hereof. The Partnership Seller and Buyer Purchaser agree to use their respective commercially reasonable best efforts to cooperate with any requests for information, filing of forms, communications with the FCC or other actions which are reasonably necessary in order to obtain the FCC Approvals. (b) b. If the FCC Approvals have not been obtained on or before the Closing Date and no special temporary authority has been granted by the FCC that allows Buyer Purchaser to operate under the FCC Licenses, then, then (i) the Closing shall nevertheless occur as scheduled, and (ii) the parties Parties will comply with any applicable requirements of the FCC or applicable Applicable Law (including without limitation the Partnership Seller tendering for cancellation the FCC Licenses). Buyer Purchaser agrees that it will not use or operate the equipment which is the subject of the FCC Licenses or the FCC Approvals after the Closing in violation of any requirements of the FCC or any applicable Applicable Law.