Common use of Application for Transfer of Control Clause in Contracts

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.

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 Seller, Citadel and Citadel License Sub shall file an application (the "FCC Application") requesting FCC consent to the transfer of control assignment of the licenses for the Stations from the Company Seller 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 Seller, Citadel and Citadel License Sub 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 Seller 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.