Common use of Assignment of FCC Licenses Clause in Contracts

Assignment of FCC Licenses. Promptly upon receipt of notice from Buyer of the arrangement of the Financing, each of Premier and Premier New Orleans agrees to file or cause to be filed all applications and any amendments thereto or additional applications, that may be necessary to obtain the FCC's consent to the assignment of the FCC Licenses to Buyer. Buyer agrees to cooperate with each of Premier and Premier New Orleans in discharging this responsibility. Buyer, on the one hand, and Premier and Premier New Orleans, on the other hand, agree to share equally all costs associated with obtaining the FCC's consent to the assignment of the FCC Licenses.