FCC Condition definition
Examples of FCC Condition in a sentence
Buyer has no knowledge of matters which might reasonably be expected to result in the FCC's refusal to grant or delay approval of the transfer to Buyer of any FCC License or the imposition of any Material Adverse FCC Condition in connection with approval of the transfer to Buyer of any FCC License.
As promptly as practicable following execution of this Agreement and in no event more than five (5) business days after the execution of this Agreement, Sellers and Buyer shall file all necessary applications with the FCC and take all commercially reasonable actions as shall be necessary and proper to obtain promptly the FCC Orders without a Material Adverse FCC Condition and to cause each of the FCC Orders to become a Final Action as soon as practicable.
For purposes of this Agreement, the parties acknowledge and agree that a "significant issue" is any issue which if resolved in the favor of a petitioner or third-party objector is reasonably likely to result in the FCC requiring the Buyer to divest any Station or operate any Station subject to a Material Adverse FCC Condition.