Common use of FCC Opinion Clause in Contracts

FCC Opinion. LIN shall have delivered to Sunrise an opinion of LIN counsel, dated as of the Closing Date, in a form reasonably acceptable to Sunrise, to the effect that, to the counsel's knowledge, (i) the LIN FCC Licenses are in full force and effect and are for the full term customarily issued to television stations licensed to the states where they are located, (ii) LIN or one of its subsidiaries is the holder thereof, (iii) based upon counsel's knowledge and information in routinely available FCC records related to the LIN Licensed Facilities there is no circumstance that would cause such LIN FCC Licenses, subject to the filing of timely license renewals and payment of any applicable filing and regulatory fees, to not be renewed in the ordinary course, and (iv) there is no pending proceedings or challenges effecting or challenging the validity of any LIN FCC License or the transfer of control contemplated by this Agreement (other than proceedings applicable to the broadcast industry generally).

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Lin Tv Corp), Agreement and Plan of Merger (STC Broadcasting Inc)

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FCC Opinion. LIN Sunrise shall have delivered to Sunrise LIN an opinion of LIN Sunrise counsel, dated as of the Closing Date, in a form reasonably acceptable to SunriseLIN, to the effect that, to the counsel's knowledge, (i) the LIN Sunrise FCC Licenses are in full force and effect and are for the full term customarily issued to television stations licensed to the states where they are located, (ii) LIN Sunrise or one of its subsidiaries is the holder thereof, (iii) based upon counsel's knowledge and information in routinely available FCC records related to the LIN Sunrise Licensed Facilities there is no circumstance that would cause such LIN Sunrise FCC Licenses, subject to the filing of timely license renewals and payment of any applicable filing and regulatory fees, to not be renewed in the ordinary course, and (iv) there is no pending proceedings or challenges effecting or challenging the validity of any LIN Sunrise FCC License or the transfer of control contemplated by this Agreement (other than proceedings applicable to the broadcast industry generally).

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Lin Tv Corp), Agreement and Plan of Merger (STC Broadcasting Inc)

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