FCC Qualifications. Section 7.04
FCC Qualifications. Seller and Purchaser each hereby covenants and agrees that, prior to the Closing, it shall use Reasonable Efforts not to take action that will remove any of those qualifications required by FCC rules or policies, or the Communications Act of 1934, as amended, for it to hold the License.
FCC Qualifications. Parent and Sub, to their knowledge after ------------------ consulting with regulatory counsel and based on the FCC's current practice and precedent, are, for purposes of obtaining the FCC Order, legally, technically, financially and otherwise qualified to acquire control of the Company, and Parent and Sub are not aware of any facts or circumstances related to Parent or Sub that are likely to prevent consent to the transfer of control applications (as described in Section 5.8(b)) and issuance of the FCC Order. Parent's equity ownership is structured as described in the bid letter dated November 17, 1997 and delivered by Parent and Sub to the Financial Advisor on behalf of the Company. Parent and Sub, to their knowledge after consulting with regulatory counsel, are not aware, except for the continuation of existing waivers, that any waiver of any FCC rule or policy is necessary to be obtained for the grant of the applications for transfer of control of the Company to Parent and Sub, nor will processing pursuant to any exception to any rule of general applicability be requested or required in connection with the consummation of the Transactions.
FCC Qualifications. Seller hereby covenants and agrees that prior to the Closing it shall use commercially reasonable efforts to maintain all necessary qualifications to hold and to obtain renewal in the ordinary course of the Licenses, and further covenants that it shall not knowingly or negligently take any action, or fail to take any action, which action or failure to act creates a material risk that Seller, or the applicable Lessor, would not be qualified to hold the Licenses or that the FCC would revoke the Licenses.
FCC Qualifications. Buyer is qualified under the Communications Act of 1934, as amended, and the rules and regulations of the FCC to be the assignee of the FCC Licenses. There are no facts known to Buyer that would delay the consummation of the transactions contemplated by this Agreement based upon Buyer's qualifications. Buyer has no reason to believe that the FCC assignment contemplated herein might be challenged or might not be granted by the FCC in the ordinary course because of its qualifications. Buyer is financially qualified to consummate the transactions contemplated by this Agreement.
FCC Qualifications. 22 ARTICLE V. COVENANTS................................................................... 22
FCC Qualifications. After due investigation, except for ------------------- matters described in Section 3.10 of the Company Disclosure Schedule, the Company is not aware of any facts or circumstances related to the Company that are likely to prevent or delay prompt consent to the transfer of control applications (as described in Section 5.8(b)) to a qualified purchaser and the issuance of the FCC Order.
FCC Qualifications. To the best of Buyer's knowledge, Buyer is qualified under the Communications Act of 1934, as amended, and the rules and regulations of the FCC to be the assignee of the FCC Licenses, it being understood that Buyer has a duty to ascertain what would cause it to lose such qualification. There are no facts known to Buyer that would delay the consummation of the transactions contemplated by this Agreement. Buyer has no reason to believe that the FCC assignment contemplated hereby might be challenged or might not be granted by the FCC in the ordinary course solely because of its qualifications.
FCC Qualifications. Buyer is legally, financially and otherwise qualified to be the licensee of, acquire, own and operate the Stations under the Communications Act of 1934, as amended (the "Communications Act"), and the rules, regulations and policies of the FCC. To Buyer's knowledge, there are no facts that would, under existing Law and the existing rules, regulations, policies and procedures of the FCC, disqualify Licensing as an assignee of the FCC Licenses or Operating as the owner and operator of the other Station Assets. No waiver of any FCC rule or policy relating to the qualifications of Buyer is necessary for the FCC Consent to be obtained.
FCC Qualifications. 15 Section 3.11. Section 203.......................................................... 15 Section 3.12. Litigation........................................................... 15 Section 3.13. Intellectual Property................................................ 16 Section 3.14. Labor Matters........................................................ 16 Section 3.15.
