Licenses Transfer Clause Samples

Licenses Transfer. (i) All necessary FCC Licenses with respect to any radio or television broadcast station to be acquired in connection with such Acquisition shall be in full force and effect, (ii) the applicable FCC Consent shall have been obtained in form and substance satisfactory to Administrative Agent and either (x) such FCC Consent and all other Governmental Authorizations from the FCC required in connection with such acquisition shall not have been reversed, stayed, enjoined, set aside, annulled or suspended and the time for filing a request for administrative or judicial relief with respect to such consent, or for instituting administrative review thereof sua sponte, shall have expired without any such filing having been made or notice of such review having been issued, or, in the event of such filing or review sua sponte, such filing or review sua sponte shall have been disposed of favorably to the grant of such consent and the time for seeking further relief with respect thereto shall have expired without any request for such further relief having been filed (with respect to any FCC License, including, without limitation, the Company FCC Licenses, referred to herein as a ``Final Order''), or (y) Administrative Agent and Requisite Lenders shall not have notified Company that they have determined, in their sole discretion, that there is a reasonable basis for concluding that such FCC Consent may not become a Final Order in due course, and (iii) the transfer of the related FCC Licenses to the applicable License Co. shall have been consummated.