Bidding Credit definition

Bidding Credit means, with respect to any license for which the License Company was the Winning Bidder, an amount equal to the excess of the gross winning bid placed in the Auction by the License Company for such license over the net winning bid placed in the Auction by the License Company for such license.
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Bidding Credit means, with respect to any license for which Borrower was the Winning Bidder in the Auction, an amount equal to the excess of the gross winning bid placed in the Auction by Borrower for such license over the net winning bid placed in the Auction by Borrower for such license.
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Bidding Credit means a “bidding credit” as defined in the FCC Rules at 47 C.F.R. § 1.2110(f) and as applied by the FCC in Auction No. 58.
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Examples of Bidding Credit in a sentence

  • Heartland acquired authorizations for 93 BTAs in the FCC's auction that concluded in March 1996 at a cost of approximately $19.8 million, including the Bidding Credit discussed below.

  • If Reorganized Heartland does not qualify as a small business, the FCC will require as a condition of its approval of the transfer of the BTA authorizations that Reorganized Heartland (a) reimburse the FCC for up to 75% of the Bidding Credit plus interest, and (b) make full payment of all unpaid principal and interest accrued under the BTA Notes as of the date of the transfer of control.

  • The transfer of control resulting from the restructuring of Heartland's capital structure under the Plan will require Heartland to demonstrate to the FCC that Reorganized Heartland also will qualify as a "small business" in order to preserve Heartland's Bidding Credit and installment payment benefits.

  • Accordingly, Heartland does not believe that it will be required to aggregate the revenues of any purported "affiliate." However, Heartland is unable to predict with absolute certainty the composition of the ownership of the New Common Stock at the time of filing the applications or thereafter and accordingly, there can be no assurance that Reorganized Heartland will not be required to refund a significant amount of its Bidding Credit and pay in full the BTA Notes.

  • As a designated entity, the Debtor was entitled to (a) receive a bidding credit ("Bidding Credit") of 15% of the total cost of the BTAs, and (b) finance the payment for the BTAs under 10- year installment promissory notes with 8.6% to 9.5% annual interest rates (the "BTA Notes").

  • In the event that Reorganized Wireless ceases to qualify as a small business, the FCC may require that one or more subsidiaries of Reorganized Wireless (a) reimburse the FCC for up to 75% of the Bidding Credit plus interest, and (b) make full payment of all unpaid principal and interest accrued under the BTA Notes as of the date of the transfer of control.

  • See Section III.A.3, "General Information--Description and History of Business -- Significant Indebtedness -- Other Notes Payable." In the auction, Heartland qualified as a "small business" under the FCC's regulations and therefore was entitled to (a) receive a bidding credit ("Bidding Credit") of 15% of the total cost of the BTAs, and (b) finance the payment for the BTAs under 10-year installment promissory notes with 9% annual interest (the "BTA Notes").

  • The aggregate bid amount was approximately $640,000 for such additional BTAs and the Debtor received a Bidding Credit equal to $96,400.

  • The Debtor and its subsidiaries acquired, or have obligations to acquire, authorizations for 70 BTAs in the FCC's auction that concluded in March 1996 at a cost of approximately $37.2 million, including the Bidding Credit discussed below.{5} See Section III.A.3., "General Information--Description and History of Business - Significant Indebtedness." In the auction, the Debtor qualified as a "designated entity" because it was a "small business" under the FCC's regulations.

  • Accordingly, the Debtor does not believe that it will be required to aggregate the revenues of any purported "affiliate." However, the Debtor is unable to predict with absolute certainty the composition of the ownership of the New Common Stock at the time of filing the FCC Applications or thereafter and accordingly, there can be no assurance that one or more subsidiaries of Reorganized Wireless will not be required to refund a significant amount of its Bidding Credit and pay in full the BTA Notes.


More Definitions of Bidding Credit

Bidding Credit means, with respect to any open license won by the Company in the Auction, an amount equal to the excess of the gross winning bid for such license over the net winning bid for such license.
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Bidding Credit means a "bidding credit" as defined in the FCC Rules at 47 C.F.R. Sections 24.712(b) and 24.717(b).
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Related to Bidding Credit

  • Revolving Credit means the credit facility for making Revolving Loans and Swing Loans and issuing Letters of Credit described in Sections 1.2, 1.3 and 1.7 hereof.

  • Existing Revolving Credit Facility means the $600,000,000 (subject to increase in accordance with its terms) revolving credit facility evidenced by that certain Amended and Restated Revolving Credit Agreement dated as of June 14, 2022 by and among the Borrower, the Parent, the lenders from time to time party thereto as “Lenders”, and JPMorgan Chase Bank, N.A., as Agent.

  • Revolving Credit Facility means, at any time, the aggregate amount of the Revolving Credit Lenders’ Revolving Credit Commitments at such time.

  • Extended Revolving Credit Facility means each Class of Extended Revolving Credit Commitments established pursuant to Section 2.7.

  • Revolving Credit Notes means the separate Revolving Credit Notes made by the Borrower payable to the order of each Lender, substantially in the form of Exhibit A hereto, evidencing the Credit Facility, and any amendments and modifications thereto, any substitutes therefor, and any replacements, restatements, renewals or extension thereof, in whole or in part; "Note" means any of such Revolving Credit Notes.

  • Existing Credit Facility means the credit facility evidenced by that certain Credit Agreement, dated as of October 26, 2006, by and among the Borrower, the lenders party thereto, and JPMCB, as administrative agent, as amended.

  • Revolving Credit Facilities means the collective reference to the Dollar Revolving Credit Facility and the Alternative Currency Revolving Credit Facility.

  • Existing Revolving Credit Agreement means that certain Revolving Credit Agreement, dated as of August 29, 2018, among the Borrower, the other borrowers party thereto, the lenders and letter of credit issuers from time to time party thereto and Xxxxx Fargo Bank, National Association, as administrative agent (as amended, restated, supplemented or otherwise modified from time to time).

  • Revolving Credit Note means a promissory note of the Borrower payable to any Revolving Credit Lender or its registered assigns, in substantially the form of Exhibit C-2 hereto, evidencing the aggregate indebtedness of the Borrower to such Revolving Credit Lender resulting from the Revolving Credit Loans made by such Revolving Credit Lender.

  • New Credit Facility is defined in Section 9.8.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Revolving Credit Agreement means that certain Revolving Credit Agreement dated as of August 30, 2004 between the Company, certain of its Subsidiaries and the banks and financial institutions listed therein, as such agreement may be replaced, amended, supplemented or otherwise modified from time to time.

  • Bank Credit Facility means any credit agreement or working capital facility among the Company and/or its Subsidiaries and one or more lenders, as such credit agreement or working capital facility may be amended, renewed, extended, substituted, refinanced, restructured, replaced, supplemented or otherwise modified (including with other lenders) from time to time, regardless of whether any other credit agreement or working capital facility or any portion thereof was outstanding or in effect at the time of such amendment, renewal, extension, substitution, refinancing, restructuring, replacement, supplement or modification.

  • Existing Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).

  • Required Revolving Credit Lenders means, at any date, Non-Defaulting Lenders holding a majority of the Adjusted Total Revolving Credit Commitment at such date (or, if the Total Revolving Credit Commitment has been terminated at such time, a majority of the Revolving Credit Exposure (excluding Revolving Credit Exposure of Defaulting Lenders) at such time).

  • Revolving Credit Advance means an advance by a Bank to a Borrower as part of a Revolving Credit Borrowing and refers to a Base Rate Advance or a Eurocurrency Rate Advance, each of which shall be a “Type” of Advance.

  • Majority Revolving Credit Facility Lenders the Majority Facility Lenders in respect of the Revolving Credit Facility.

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • DIP Lenders has the meaning assigned to such term in Section 2.05(b).

  • Incremental Revolving Credit Loans shall have the meaning provided in Section 2.14(b).

  • Incremental Revolving Credit Lender means a Lender with an Incremental Revolving Credit Commitment or an outstanding revolving loan under the Credit Agreement of any class as a result of an Incremental Revolving Credit Commitment.

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Extended Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).

  • Other Revolving Credit Loans means one or more Classes of Revolving Credit Loans that result from a Refinancing Amendment.

  • Term Loan Facility means the Term Loan Commitments and the provisions herein related to the Term Loans.