Common use of Telecom Law Clause in Contracts

Telecom Law. (a) Except to the extent that would not reasonably be expected to prevent, delay or otherwise impede the ability of the parties to obtain the FCC Approval: (i) the Sellers are each in compliance, in all material respects, with applicable Telecom Law and each Seller has, in the past, conducted its business in compliance, in all material respects, with applicable Telecom Law; and (ii) no investigation, review or proceeding by any Telecom Regulatory Authority with respect to any Seller in relation to any actual or alleged violation of Telecom Law is pending or, to the Sellers’ knowledge, threatened, nor has any Seller received any notice from any Telecom Regulatory Authority indicating an intention to conduct the same. (b) For purposes of this Agreement, “Telecom Law” means: (i) the Communications Act of 1934, as amended (including by the Telecommunications Act of 1996); and (ii) any rules, regulations or policies promulgated by the FCC or any State Commission.

Appears in 2 contracts

Sources: Asset Purchase Agreement (Capital Growth Systems Inc /Fl/), Asset Purchase Agreement (Global Telecom & Technology, Inc.)