FCC Debt definition

FCC Debt means Indebtedness owed to the United States Treasury Department or the FCC that is incurred in connection with the acquisition of a License.

FCC Debt means the indebtedness of Mercury to the United States Department of the Treasury, in the aggregate principal amount of $12,189,890.40, incurred in connection with its acquisition of Mercury Licenses.

FCC Debt means the indebtedness of each of Tritel-Florida -------- and Tritel-Georgia to the USDT as of the Closing Date in respect of the Florida Licenses and the Georgia Licenses, respectively.

Examples of FCC Debt in a sentence

• No failure to pay any Indebtedness owing to the FCC in respect of FCC Debt has occurred, except in accordance with the orders, rules and regulations of the FCC.

• Each FCC License that is financed with FCC Debt or Permitted License Acquisition Debt shall be owned by a separate License Subsidiary (which shall be the only Loan Party liable for such FCC Debt or Permitted License Acquisition Debt), except that any combination of two or more such FCC Licenses that are acquired contemporaneously pursuant to the same acquisition may be owned by the same License Subsidiary if required by the terms of such FCC Debt or Permitted License Acquisition Debt.

• Upon delivery to Buyer on the Closing Date and after payment of the FCC Debt Amount in accordance with this Agreement, Seller will transfer to Buyer good and marketable title to the Licenses, subject to no indebtedness or Encumbrances.

• Neither Holdings nor the ------------------------------- Borrower will, nor will it permit any Subsidiary Loan Party to, amend, modify or waive any of its rights or obligations under (a) any Intercompany Agreement, (b) its certificate or articles of incorporation, by-laws or other organizational documents, (c) the ChaseTel Purchase Agreement, or (d) any agreement or instrument governing or evidencing any Permitted Holdings Debt, FCC Debt or Eligible Parent Debt.

• Each FCC License that is acquired without being financed with FCC Debt or Permitted License Acquisition Debt shall be owned by a License Subsidiary that does not have any liability in respect of any FCC Debt or Permitted License Acquisition Debt.

More Definitions of FCC Debt

FCC Debt means the debt owed the U.S. Treasury in respect of the Licenses.

FCC Debt means the outstanding balance (including principal and suspended and accrued interest) of approximately Sixty Million Dollars ($60,000,000) due to the United States Department of the Treasury incurred in connection with Indus' acquisition of the PCS License, plus all accrued interest and other obligations incident to license ownership payable through the FCC-Sanctioned Cost Clearing House, if any, attributable to the PCS License, as of the Closing Date, as well as any payment obligation imposed by the FCC as a condition of its approval of the transfer of the PCS License to the Buyer, Acquisition Sub, or the Designated Purchaser, including any unjust enrichment penalty imposed pursuant to 47 CFR ss. 1.

FCC Debt means the outstanding balance (including principal and -------- accrued suspended interest) of approximately 74.3 Million Dollars ($74,300,000) due to the United States Department of the Treasury incurred in connection with Airadigm's acquisition of the PCS Licenses, plus all accrued interest and other obligations incident to license ownership payable through the FCC-Sanctioned Cost Clearing House, if any, attributable to the PCS Licenses, as of the Closing Date, as set forth more particularly on Schedule II. A copy of the promissory notes and security agreement executed by Airadigm and delivered to the FCC related to Airadigm's acquisition of the PCS Licenses is set forth on Schedule III attached hereto.

FCC Debt means the indebtedness of Tritel or a wholly owned subsidiary thereof to the United States Department of the Treasury, in the aggregate principal amount as of the date hereof set forth on Schedule 2.2, incurred in connection with its acquisition of the Purchased Licenses.

FCC Debt means the notes payable in connection with the FCC Licenses, in the aggregate principal amount of $78,790,735.00 as of the date of this Agreement, as more particularly described on Exhibit J attached hereto.

FCC Debt means Debt owing to FCC under the FCC Credit Agreement.

FCC Debt means the outstanding principal balance of Nine Hundred -------- Sixty Thousand One Hundred Seventeen and 41/100 Dollars ($960,117.41) due to the United States Department of the Treasury incurred in connection with Polycell's acquisition of the Polycell Licenses, plus all accrued and/or "suspended" interest and other obligations incident to license ownership, if any, attributable to the Polycell Licenses, as of the Closing Date. A copy of the promissory notes and security agreements executed by Polycell and delivered to the FCC related to Polycell's acquisition of the Polycell Licenses is set forth on Schedule II attached hereto.