Common use of FCC Qualification Clause in Contracts

FCC Qualification. Seller is and will be on the Closing Date legally, ----------------- technically and financially (subject to section 2.10) qualified under the Communications Act of 1934 and all material rules, regulations and policies of the FCC to acquire, own and operate Xxxxxx under the terms of the Xxxxxx Agreement. There are no facts or proceedings which would reasonably be expected to disqualify Seller under the Communications Act of 1934 or otherwise from acquiring or operating Xxxxxx or would cause the FCC not to grant a Final Approval (as defined in section 6.4). Seller has no knowledge of any material fact or circumstance relating to it or any of its Affiliates which would reasonably be expected to (a) cause the filing of any objection at the FCC or (b) lead to a delay in the processing by the FCC of the transfer of the Licenses. To its knowledge, no waiver of any FCC rule or policy as same relates to Seller is necessary to be obtained for the Final Approval.

Appears in 1 contract

Samples: Asset Purchase Agreement (Price Communications Wireless Inc)

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FCC Qualification. Seller is and will be on the Closing Date legally, ----------------- technically and financially (subject to section 2.10) qualified under the Communications Act of 1934 and all material rules, regulations and policies of the FCC to acquire, own and operate Xxxxxx under the terms of the Xxxxxx Agreement. There are no facts or proceedings which would reasonably be expected to disqualify Seller under the Communications Act of 1934 or otherwise from acquiring or operating Xxxxxx or would cause the FCC not to grant a Final Approval (as defined in section 6.4). Seller has no knowledge of any material fact or circumstance relating to it or any of its Affiliates which would reasonably be expected to (a) cause the filing of any objection at the FCC or (b) lead to a delay in the processing by the FCC of the transfer of the Licenses. To its knowledge, no waiver of any FCC rule or policy as same relates to Seller is necessary to be obtained for the Final Approval.

Appears in 1 contract

Samples: Asset Purchase Agreement (Price Communications Corp)

FCC Qualification. Seller Buyer is and will be on the Closing Date legally, ----------------- technically and financially (subject to section 2.103.4) qualified under the Communications Act of 1934 and all material rules, regulations and policies of the FCC to acquire, own and operate Xxxxxx under the terms of Assets and the Xxxxxx AgreementSystem. There are no facts or proceedings which would reasonably be expected to disqualify Seller Buyer under the Communications Act of 1934 or otherwise from acquiring or operating Xxxxxx any of the Assets or the System or would cause the FCC not to grant a Final Approval (as defined in section 6.4). Seller Buyer has no knowledge of any material fact or circumstance relating to it or any of its Affiliates which would reasonably be expected to (a) cause the filing of any objection at the FCC or (b) lead to a delay in the processing by the FCC of the transfer of the Licenses. To its knowledge, no waiver of any FCC rule or policy as same relates to Seller Buyer is necessary to be obtained for the Final Approval.

Appears in 1 contract

Samples: Asset Purchase Agreement (Price Communications Wireless Inc)

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FCC Qualification. Seller Buyer is and will be on the Closing Date legally, ----------------- technically and financially (subject to section 2.103.4) qualified under the Communications Act of 1934 and all material rules, regulations and policies of the FCC to acquire, own and operate Xxxxxx under the terms of Assets and the Xxxxxx AgreementSystem. There are no facts or proceedings which would reasonably be expected to disqualify Seller Buyer under the Communications Act of 1934 or otherwise from acquiring or operating Xxxxxx any of the Assets or the System or would cause the FCC not to grant a Final Approval (as defined in section 6.4). Seller Buyer has no knowledge of any material fact or circumstance relating to it or any of its Affiliates which would reasonably be expected to (a) cause the filing of any objection at the FCC or (b) lead to a delay in the processing by the FCC of the transfer of the Licenses. To its knowledge, no waiver of any FCC rule or policy as same relates to Seller Buyer is necessary to be obtained for the Final Approval.

Appears in 1 contract

Samples: Asset Purchase Agreement (Price Communications Corp)

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