FCC Long Form Application definition
Examples of FCC Long Form Application in a sentence
In the event that the Debtors and the Senior Agent determine that approval of the FCC Long Form Application is causing or may cause unwanted delay in consummation of the Plan, the Debtors shall, subject to the consent of the Requisite Participating Lenders, promptly establish, for the benefit of the Holders of Allowed Claims that may be entitled to distributions from the FCC Trust under the Plan, the FCC Trust.
If the New Common Stock is transferred to the FCC Trust, during the period of time that the New Common Stock is held by the FCC Trust (pending approval of the FCC Long Form Application), then the board of directors of Reorganized Citadel and the boards of directors of each of the Reorganized Debtor Subsidiaries shall consist of the same individuals as the FCC Trustees.
The required FCC Applications shall be filed, as promptly as practicable, including the FCC Long Form Application and the Petition for Declaratory Ruling.
The Debtors shall request that the FCC process the FCC Long Form Application separate and apart from the Petition for Declaratory Ruling.
The FCC Independent Trust Agreement shall in all instances provide for the FCC Trustees’ cooperation with the New Board in connection with a transfer or sale of the FCC License Assets to a third party in the event that the FCC Long Form Application is denied or is not approved within a reasonable period of time.
The FCC Traditional Trust Agreement shall in all instances provide for the FCC Trustees’ cooperation with the New Board in connection with a transfer or sale of the FCC License Assets to a third party in the event that the FCC Long Form Application is denied or is not approved within a reasonable period of time.
For the FCC to process and grant the FCC Short Form Application and the FCC Long Form Application, the Debtors will need to obtain and include information about the Reorganized Debtors and about the “parties” to the application demonstrating that such parties are so qualified.
If the Plan has been confirmed by the Bankruptcy Court and a requisite number of Lenders vote to accept the Plan, pending FCC approval of the FCC Long Form Application, the Debtors can submit a short form application to the FCC to transfer the FCC Licenses to a liquidating trust (the “Short Form Application”).
Upon FCC approval of the FCC Long Form Application, the FCC Trust would be liquidated and Holders of beneficial interests that complete the Ownership Certification would receive their pro rata share of the New Common Stock.
A prospective stockholder in Reorganized Citadel would be considered a “party” to the FCC Long Form Application if the prospective stockholder would be deemed to hold an “attributable” interest in Reorganized Citadel under Section 73.3555 of the FCC’s rules, 47 C.F.R. § 73.3555.