Application for Consent. As promptly as practicable, but within four (4) days of the date hereof, Buyer and Seller shall file with the FCC the Application seeking FCC consent to assignment of the FCC Authorizations to Buyer without conditions adverse to Buyer. The parties shall promptly and diligently file and expeditiously prosecute all necessary amendments, briefs, pleadings, documents, and supporting data to the Application, and take such actions and give such notices as may be required or requested by the FCC or as may be appropriate, all in an effort to expedite the approval by the FCC of the Application with no conditions adverse to Buyer, and shall promptly supply to each other such information in their respective possession as may be reasonably requested by either party to expedite such approval. In the event of the filing of any protest, petition to deny, petition for reconsideration, or appeal of the FCC’s consent and approval with respect to the Application, or other action seeking review, reconsideration, or appeal of such consent and approval or seeking to prevent or delay the Closing, the parties mutually agree that each such filing or action, if any, shall be opposed by each of them vigorously.
Appears in 1 contract
Sources: Asset Purchase Agreement (Coconut Palm Acquisition Corp.)
Application for Consent. As promptly as practicable, but within four fifteen (415) days of the date hereof, Buyer and Seller shall file with the FCC the Application seeking FCC consent to assignment of the FCC Authorizations to Buyer without conditions adverse to Buyer, which Application shall include all necessary waiver requests, if any, to enable the Application to be granted. The parties shall promptly and diligently file and expeditiously prosecute all necessary amendments, briefs, pleadings, documents, and supporting data to the Application, and take such actions and give such notices as may be required or requested by the FCC or as may be appropriate, all in an effort to expedite the approval by the FCC of the Application with no conditions adverse to Buyer, and shall promptly supply to each other such information in their respective possession as may be reasonably requested by either party to expedite such approval. In the event of the filing of any protest, petition to deny, petition for reconsideration, or appeal of the FCC’s 's consent and approval with respect to the Application, or other action seeking review, reconsideration, or appeal of such consent and approval or seeking to prevent or delay the Closingapproval, the parties mutually agree that each such filing or action, if any, shall be opposed by each of them vigorously.
Appears in 1 contract
Sources: Asset Purchase Agreement (Eye Span Entertainment Network, Inc.)