No Reversionary Interest. The parties expressly agree, pursuant to Section 73.1150 of the FCC's rules, that Seller does not retain any right to reassignment of any of the FCC Licenses in the future, or to operate or use the facilities of the Stations for any period beyond the Closing Date.
Appears in 8 contracts
Samples: Asset Purchase Agreement (Sungroup Inc), Asset Purchase Agreement (Capstar Broadcasting Partners Inc), Stock Purchase Agreement (Capstar Communications Inc)
No Reversionary Interest. The parties expressly agree, pursuant to Section 73.1150 of the FCC's FCC rules, that Seller does not retain any right to reassignment in the future of any of the FCC Licenses in the future, licenses transferred pursuant to this Agreement or to operate or use the facilities of any of the Stations for any period beyond the Closing Date.
Appears in 2 contracts
Samples: Letter Agreement (Cumulus Media Inc), Letter Agreement (Cumulus Media Inc)
No Reversionary Interest. The parties expressly agree, pursuant to Section 73.1150 of the FCC's rules, that Seller does the Selling Stockholders do not retain any right to reassignment of any of the FCC Licenses in the future, or to operate or use the facilities of the Stations for any period beyond the Closing Date.
Appears in 2 contracts
Samples: Stock Purchase Agreement (Capstar Broadcasting Partners Inc), Stock Purchase Agreement (Capstar Broadcasting Partners Inc)
No Reversionary Interest. The parties expressly agree, pursuant to Section 73.1150 of the FCC's rules, that Seller does not retain any right to reassignment of any of the FCC Licenses in the future, or to operate or use the facilities of the Stations Station for any period beyond the Closing Date.
Appears in 1 contract
Samples: Asset Purchase Agreement (Heftel Broadcasting Corp)
