Common use of FCC Authorization Clause in Contracts

FCC Authorization. Upon grant of a consent by the FCC sufficient to authorize transfer of the Shares to Purchaser and to permit Purchaser to operate the businesses of ▇▇▇▇▇ and the Other Subsidiaries (the "FCC Authorization"), and satisfaction or waiver of the representations, warranties and covenants herein, the parties shall hold the Closing on the Closing Date; provided, however, that in the event either Seller or Purchaser obtains an opinion of legal counsel, in substance and in form, and from counsel, reasonably satisfactory to the other party, that there exists a material likelihood that the FCC will issue an adverse Final Order with respect to the FCC Authorization (an "Adverse Legal Opinion"), the Closing shall not take place until receipt of a Final Order of the FCC.

FCC Authorization. Upon grant of a consent by the FCC ----------------- sufficient to authorize transfer of the Shares to Purchaser and to permit Purchaser to operate the businesses of ▇▇▇▇▇ and the Other Subsidiaries (the "FCC Authorization"), and satisfaction or waiver of the representations, warranties and covenants herein, the parties shall hold the Closing on the Closing Date; provided, however, that in the event either Seller or Purchaser obtains an opinion of legal counsel, in substance and in form, and from counsel, reasonably satisfactory to the other party, that there exists a material likelihood that the FCC will issue an adverse Final Order with respect to the FCC Authorization (an "Adverse Legal Opinion"), the Closing shall not take place until receipt of a Final Order of the FCC.