Auction Funds definition

Auction Funds means funds paid by the Borrower to the FCC in accordance with FCC Rules (a) to become eligible to participate in the Auction; (b) as a down payment or winning bid payment for any license for which Borrower is the Winning Bidder; (c) as an Auction related bid withdrawal payment; or (d) as an Auction related bid default payment, including but not limited to the Interim Default Payment.
View Source
Auction Funds means funds paid by the Borrower to the FCC in accordance with FCC Rules (a) to become eligible to participate in the Auction; (b) as a down payment or winning bid payment for any license for which Borrower is the Winning Bidder; (c) as an Auction related bid withdrawal payment; or (d) as an Auction related bid default payment, including, but not limited to, the Interim Default Payment.
View Source
Auction Funds means funds paid by the Borrower to the FCC in accordance with FCC Rules (a) to become eligible to participate in the Auction, (b) as a down payment or winning bid payment for any license for which Borrower is the Winning Bidder, or (c) as an Auction related bid withdrawal payment.
View Source

Examples of Auction Funds in a sentence

  • If the LLC Agreement is terminated by either party pursuant to Section 13.1(b) of the LLC Agreement or if the Borrower or any Borrower Subsidiary is at any time entitled under applicable FCC Rules to any refunds of Auction Funds, Borrower shall apply (or shall cause the applicable Borrower Subsidiary to apply) as promptly as reasonably practicable and permitted under the FCC Rules to obtain a refund of all such refundable Auction Funds.

  • If the LLC Agreement is terminated by either party pursuant to Section 13.1(b) or if the Borrower is at any time entitled under applicable FCC Rules to any refunds of Auction Funds, Borrower will apply as promptly as reasonably practicable and permitted under the FCC Rules to obtain a refund of all such refundable Auction Funds.