No Prohibited Transfers. It is hereby acknowledged that assignment or transfer of control of the FCC Licenses without the prior approval of the FCC may constitute a prohibited transfer in violation of FCC rules and regulations. Secured Party agrees that exercise of its Rights hereunder, including transfer of FCC Licenses upon the occurrence of a Default or Potential Default, shall be effected only after the obtaining of any necessary approvals for such exercise.
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Samples: Revolving Credit and Term Loan Agreement (Dobson Communications Corp), Credit Agreement (Dobson Sygnet Communications Co), Term Loan Agreement (Dobson Communications Corp)
No Prohibited Transfers. It is hereby acknowledged that assignment or transfer of control of the FCC Licenses without the prior approval of the FCC may constitute a prohibited transfer in violation of FCC rules and regulations. Secured Party agrees that exercise of its Rights hereunder, including transfer of FCC Licenses upon the occurrence of a Default or Potential Default, shall be effected only after the obtaining of any necessary approvals for such exercise.
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