FCC Condition and Cfius Sample Clauses

The FCC Condition and CFIUS clause sets requirements for obtaining regulatory approvals from the Federal Communications Commission (FCC) and the Committee on Foreign Investment in the United States (CFIUS) before a transaction can be completed. In practice, this clause obligates the parties to submit necessary filings, cooperate with regulatory reviews, and wait for official clearance or non-objection from these agencies prior to closing. Its core function is to ensure that the transaction complies with U.S. laws governing communications and foreign investment, thereby preventing legal or regulatory obstacles that could invalidate or delay the deal.