Common use of CONTRIBUTION OF LICENSES IN OPTION SECTIONS Clause in Contracts

CONTRIBUTION OF LICENSES IN OPTION SECTIONS. If the Company elects to include any Option Section in the Territory pursuant to Section 6.2, NWIP will, within 30 days thereafter, cause appropriate applications to be filed with the FCC for the approval of the assignment to License Co. of licenses (the "Option Licenses") for that number of Useable Frequencies for each Build Area within such Option Section as set forth on Exhibit 4.1 (the "Option Frequencies"). Pending FCC approval of any such assignment, NWIP will, if the Company so requests, grant to License Co. the right to manage the use of the Option Frequencies, subject to the terms and conditions of a management agreement in substantially the form of the Interim Management Agreement, such grant to be made on or prior to the date of filing of the transfer applications with the FCC. Upon the earlier of the granting of FCC approval of the assignment of the Option Licenses to License Co. or, if applicable, the granting by NWIP of management rights with respect to the Option Frequencies, the Company will issue to NWIP a number of shares of Equity equal to the aggregate Exhibit 4.1 Value of such frequencies divided by the Equity Value on the date hereof, as appropriately adjusted for stock splits and combinations, stock dividends and the like.