Common use of FCC Approvals Clause in Contracts

FCC Approvals. Notwithstanding anything herein or in any of the Loan Documents to the contrary, but without limiting or waiving in any way Borrower's obligations under this Agreement or the other Loan Documents, the Lender Group's rights hereunder and under the Loan Documents are subject to the Communications Act of 1934, as amended, and all applicable policies, rules and regulations of the FCC. Agent and the Lenders will not take any action pursuant to this Agreement or the Loan Documents which would constitute or result in any assignment or transfer of control of any FCC License, whether de jure or de facto, if such assignment or transfer of control would require under the then existing law (including the Communications Act of 1934, as amended, and the published policies, rules and regulations promulgated by the FCC), the prior approval of the FCC, without first obtaining such approval.