Common use of FCC Qualifications Clause in Contracts

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. Seller The Company 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 LicensesLicenses and Leases, 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, Company would not be qualified to hold the Licenses or Leases or that the FCC would revoke the LicensesLicenses or Leases.

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, Seller would not be qualified to hold the Licenses or that the FCC would revoke the Licenses.