Operating license definition
Examples of Operating license in a sentence
Holdings and the Borrower have no reason to believe that any material FCC License or Operating License held by the Borrower or any Subsidiary will not be renewed in the ordinary course.
The License Agreement and the Operating License will be eligible for renewal in accordance with instructions adopted pursuant to Article 38 of the Telecommunications Law.
TRC shall not revoke the Operating License or terminate the License Agreement without first giving the Licensee notice in writing setting out the basis for such intended action and giving the Licensee an opportunity of no less than thirty (30) days to correct the alleged material breach or to show cause why the License Agreement should not be terminated and the Operating License revoked.
The Licensee acknowledges that failure to comply with any such terms or conditions may constitute grounds for termination of this License Agreement, revocation of the Operating License or the imposition of fines and/or penalties in accordance with the Telecommunications Law, Regulations and the terms hereof.
Vermont Yankee was issued a full-term, Facility Operating License for the Unit by the Atomic Energy Commission (now the Nuclear Regulatory Commission, which, together with any successor agencies, is hereafter called the "NRC"), which license is now stated to expire on March 21, 2012 (the "End of License Term").