Application for Transfer of Control Clause Samples

The Application for Transfer of Control clause outlines the process and requirements for seeking approval to transfer ownership or controlling interest in a company or asset. Typically, this clause requires the party wishing to transfer control to submit a formal application to the relevant authority or counterparty, providing necessary documentation and information about the proposed new controlling party. Its core function is to ensure that any change in control is transparent and subject to review, thereby protecting the interests of stakeholders and maintaining regulatory or contractual compliance.
Application for Transfer of Control. As promptly as practicable after the date of this Agreement, and in no event later than 10 business days after the date of this Agreement, the Stockholder shall cause the Company (to the extent within the Stockholder's control) to file, together with Citadel, an application (the "FCC Application") with the FCC to approve the transfer of control of the Stations from the Company to Citadel (the "FCC Approval"). Citadel shall have primary responsibility for filing the FCC Application. The parties agree that they shall jointly prosecute the FCC Application (and shall cooperate with each other in the timely prosecution thereof), in good faith and with due diligence, and within the time allowed therefor by the rules and regulations of the FCC. The Stockholder and Citadel shall each take all necessary actions on its or his part to obtain the FCC Approval. Citadel shall advance the filing fee for the FCC Application, and the Stockholder shall reimburse Citadel for one-half of such filing fee at the Closing (or upon the earlier termination of this Agreement). Subject to Section 14.7, all other costs and expenses incurred by each party in connection with the filing and prosecution of the FCC Application shall be paid by the party incurring the cost or expense.
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Application for Transfer of Control. As promptly as practicable after the date of this Agreement, and in no event later than 10 days after the date of this Agreement, the Company and Citadel shall file applications (collectively, the "FCC Applications") with the FCC to approve the transfer of control of the Stations from the Company to Citadel (the "FCC Approval"). Citadel shall have primary responsibility for filing the FCC Applications. The parties agree that they shall jointly prosecute the FCC Applications (and shall cooperate with each other in the timely prosecution thereof), in good faith and with due diligence, and within the time allowed therefor by the rules and regulations of the FCC. The Company and Citadel shall each promptly take all necessary actions on its or their part to obtain the FCC Approval. Citadel shall advance the filing fee for the FCC Applications, and the Stockholders shall reimburse Citadel for one-half of such filing fee at the Closing (or upon the earlier termination of this Agreement). Subject to Section 16.7, all other costs and expenses incurred by each party in connection with the filing and prosecution of the FCC Applications shall be paid by the party incurring the cost or expense.
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Application for Transfer of Control. As promptly as practicable after the date of this Agreement, and in no event later than three business days after the date of this Agreement, Purchaser, Citadel and License Sub shall file an application (the "FCC APPLICATION") with the FCC to approve the transfer of control of the Station from Citadel and License Sub to Purchaser (the "FCC APPROVAL"). Purchaser shall have primary responsibility for filing and prosecuting the FCC Application. The parties agree that they shall prosecute the FCC Application (and shall cooperate with each other in the timely prosecution thereof), in good faith and with due diligence, and within the time allowed therefor by the rules and regulations of the FCC. Purchaser and Citadel shall each take all necessary actions on its part to obtain the FCC Approval. Purchaser shall advance the filing fee for the FCC Application, and Citadel shall reimburse Purchaser for one-half of such filing fee at the Closing. All other costs and expenses incurred by each party in connection with the filing and prosecution of the FCC Application shall be paid by the party incurring the cost or expense.
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Application for Transfer of Control. As promptly as practicable after the date of this Agreement, and in no event later than three business days after the date of this Agreement, the Company and Citadel shall file an application (the "FCC Application") requesting FCC consent to the transfer of control of the licenses for the Stations from the Company to Citadel or License Sub (the "FCC Approval"). The parties agree that they shall prosecute the FCC Application (and shall cooperate with each other in the timely prosecution thereof), in good faith and with due diligence, and within the time allowed therefor by the rules and regulations of the FCC. Each of the Company and Citadel shall each take all necessary actions on its part to obtain the FCC Approval. Citadel shall advance the filing fee for the FCC Application, and the Stockholder shall reimburse Citadel for one-half of such filing fee at the Closing. All other costs and expenses incurred by each party in connection with the filing and prosecution of the FCC Application shall be paid by the party incurring the cost or expense.
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Application for Transfer of Control. Within four business days after execution and delivery of this Agreement, the Sellers and the Purchaser shall file applications (the "FCC Application") with the FCC to obtain the FCC's grant of consent to the transfer of control of the Companies from the Sellers to the Purchaser (the "FCC Grant of Consent"). Contemporaneously with the filing of the FCC Application, the Sellers and the Companies shall file all appropriate applications (the "Ancillary FCC Applications") with the FCC to approve the transfers contemplated by the Reorganization (the "Ancillary FCC Grants of Consent"). The parties agree that they shall prosecute the FCC Application, and the Sellers and the Companies agree that they shall prosecute (and shall cooperate with each other in the timely prosecution of) the Ancillary FCC Applications, in good faith and with due diligence, and within the time allowed therefor by the rules and regulations of the FCC. Each of the Sellers, the Companies and the Purchaser shall take all necessary actions on its part to obtain the FCC Grant of Consent and the Sellers and the Companies shall take all reasonably necessary actions on their part to obtain the Ancillary FCC Grants of Consent. The Purchaser shall advance the filing fee applicable to the FCC Application (excluding any fees attributable to the Ancillary FCC Applications or the radio stations covered thereby) and the Sellers shall reimburse the Purchaser for one-half of such filing fee promptly upon request of the Purchaser. All other costs and expenses incurred by each party in connection with the filing and prosecution of the FCC Application shall be paid by the party incurring the cost or expense.
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Application for Transfer of Control. As promptly as practicable after the date of this Agreement, and in no event later than 10 business days after the date of this Agreement, Sellers, Citadel and CLI shall file an application with the FCC (the "FCC Application") requesting FCC consent to assignment of the licenses for the Stations from LBI and Rainbow to Citadel or CLI (the "FCC Approval"). The parties agree that they shall prosecute the FCC Application (and shall cooperate with each other in the timely prosecution thereof), in good faith and with due diligence, and within the time allowed therefor by the rules and regulations of the FCC. Sellers, Citadel and CLI shall each take all necessary actions on its part to obtain the FCC Approval. Citadel shall advance the filing fee for the FCC Application, and Sellers shall reimburse Citadel for one-half of such filing fee at the Closing (or upon the earlier termination of this Agreement). All other costs and expenses incurred by each party in connection with the filing and prosecution of the FCC Application shall be paid by the party incurring the cost or expense.
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Related to Application for Transfer of Control

  • Transfer of Control Transfer of control shall take place at the AoR boundary, unless otherwise specified in paragraph E.3.

  • Transfer of Contracts 33.1 The contractor shall not abandon, transfer, cede assign or sublet a contract or part thereof without the written permission of the purchaser.

  • Office for Transfer of Certificates The Trustee shall maintain in New York, New York an office or agency where Certificates may be surrendered for registration of transfer or exchange. The office of the Trustee's agent at DTC Transfer Agent Services, ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇ Entrance, New York, New York 10041, Attention: ▇▇▇▇▇▇ ▇▇▇▇▇ is initially designated for said purposes.

  • Request for Transfer Unless the paraeducator and both principals agree, no transfers shall be allowed during a period spanning from 14 calendar days before the first contract work day until after the 20th contract work day. A transfer will not be considered unless the paraeducator is qualified for such vacancy. All transfers shall be initiated by the receiving principal, with copies to the releasing principal or immediate supervisor and the Human Resource Services office. The principal, when making his/her decision, shall consider the following: seniority, educational qualifications, expertise and ability, prior job experience, performance evaluations, and recommendations of previous supervisors. The transfer of the paraeducator will be subject to Board approval.

  • Termination of Contract for Cause 5.1.1 If A-E breaches any of the covenants or conditions of this CONTRACT, COUNTY shall have the right to terminate this CONTRACT upon ten (10) days written notice prior to the effective day of termination. 5.1.2 A-E shall have the opportunity to cure the alleged breach prior to termination. 5.1.3 In the event the alleged breach is not cured by A-E prior to termination, all work performed by A-E pursuant to this CONTRACT, which work has been reduced to plans or other documents, shall be made available to COUNTY.