Incentive Auction definition
Examples of Incentive Auction in a sentence
Notwithstanding any other provision of this Agreement, neither Montage nor Marigold shall be required to provide or communicate to the other or permit the other to access to any information that would communicate, directly or indirectly, its bids or bidding strategies in the FCC Broadcast Incentive Auction in violation of the anti-collusion provisions of the FCC Broadcast Incentive Auction Rules, as they may be interpreted from time to time by the FCC.
Nothing in this Section 5.1 shall require the Company to make any disclosure that would violate 47 C.F.R. §§ 1.2105 & 1.2205 or the Guidance Regarding the Prohibition of Certain Communications During the Incentive Auction, Auction 1000, Public Notice, DA 15-1129 (the “Anti-Collusion Rules”), provided that such disclosure is made to Parent’s outside counsel.
The parties shall cooperate in good faith with respect to (i) the FCC Application, and (ii) to the extent permitted by the FCC Communications Prohibitions, the Incentive Auction, and each party shall promptly provide the other with a copy of any pleading, order or other document served on it relating to the FCC Application, and shall furnish all information required by the FCC.
Unless otherwise specified, the terms of this Article 3 shall be effective only from and after the date (if any) that Sharee’s participation in the Incentive Auction is Successful.
Except as otherwise provided herein, ▇▇▇▇▇▇ may not withdraw the FCC Application or otherwise exit the Incentive Auction without Sharer’s prior written consent.
In the event that Sharer’s Station is assigned a new operating channel in the repacking of television broadcast stations following the Incentive Auction, then Sharer and ▇▇▇▇▇▇ shall each prepare, file on a timely basis and prosecute in good faith the necessary applications for FCC construction permit and license in order to operate on a shared basis on the newly-assigned Shared Channel.
The parties shall timely file and thereafter diligently prosecute applications (the “FCC Applications”) to participate in the Incentive Auction consistent with the Auction Plan, and shall thereafter make commitments and elections or withdraw consistent with the Auction Plan, all on a timely basis and in the manner prescribed by the FCC.
This Agreement will automatically terminate if the FCC’s offered price for Sharee’s Station falls below the Reserve Price during any round of the Incentive Auction and ▇▇▇▇▇▇ elects to modify its bid option from relinquishment of its spectrum usage rights to a bid to move its UHF channel to either a High-VHF or Low-VHF channel, as set forth in Schedule 1.3(a), which termination shall be effective upon the notice contemplated in Schedule 1.3(a).
Sharer will seek reimbursement from the TV Broadcaster Relocation Fund for the costs it reasonably incurs, if any, in relocating operations from the Shared Channel to a new channel as a result of the FCC’s repacking process following the Incentive Auction.
Unless otherwise specified, the terms of this Article 2 shall be effective only from and after the date (if any) that Sharee’s participation in the Incentive Auction is Successful.