Common use of FCC Qualification Clause in Contracts

FCC Qualification. The Company and its subsidiaries are fully ----------------- qualified under the Communications Act to be the transferors of control of the Company FCC Licenses; provided, however, that the parties recognize that the --------- -------- consummation of the Merger could cause the Surviving Corporation and Xxxxxx X. Xxxxx to exceed in certain cases the numerical limits on local multiple radio station ownership imposed by Section 202(b) of the 1996 Telecom Act and that a waiver of these limits may be required prior to the grant of such transfer of control of the Evergreen FCC Licenses and Company FCC Licenses. Each individual or entity that is an officer, director or attributable stockholder of the Company that is proposed to be an officer, director or attributable stockholder of the Surviving Corporation is fully qualified under the Communications Act to be an officer, director or attributable stockholder of the Surviving Corporation other than with respect to the numerical limits on multiple ownership described in the preceding sentence.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Ginsburg Scott K), Agreement and Plan of Merger (Evergreen Media Corp), Agreement and Plan of Merger (Ginsburg Scott K)

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FCC Qualification. The Company and its subsidiaries are fully ----------------- qualified under the Communications Act to be the transferors of control of the Company FCC Licenses; provided, however, that the parties recognize that the --------- -------- consummation of the Merger could cause the Surviving Corporation and Xxxxxx X. Xxxxx Thomas O. Hicks to exceed in certain cases the numerical limits on local multiple radio lxxxx xxxxxxxx xadio station ownership imposed by Section 202(b) of the 1996 Telecom Act and that a waiver of these limits may be required prior to the grant of such transfer of control of the Evergreen FCC Licenses and Company FCC Licenses. Each individual or entity that is an officer, director or attributable stockholder of the Company that is proposed to be an officer, director or attributable stockholder of the Surviving Corporation is fully qualified under the Communications Act to be an officer, director or attributable stockholder of the Surviving Corporation other than with respect to the numerical limits on multiple ownership described in the preceding sentence.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Chancellor Broadcasting Co /De/)

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