Goto Section: 1.9040 | 1.9047 | Table of Contents
FCC 1.9045
Revised as of October 1, 2008
Goto Year:2007 |
2009
Sec. 1.9045 Requirements for spectrum leasing arrangements entered into by
licensees participating in the installment payment program.
(a) If a licensee that holds a license subject to the Commission's
installment payment program ( see Sec. 1.2110 of subpart Q of this part and
related service-specific rules) enters into a spectrum leasing arrangement
pursuant to the rules in this subpart, the licensee remains fully and solely
responsible for the outstanding debt amount owed to the Commission. Nothing
in a spectrum leasing arrangement, or arising from a spectrum lessee's
bankruptcy or receivership, can modify the licensee's sole responsibility
for its obligation to repay its entire debt obligation under the installment
payment program pursuant to applicable Commission rules and regulations and
the associated note(s) and security agreement(s).
(b) If a licensee holds a license subject to the installment payment program
rules ( see Sec. 1.2110 and related service-specific rules), the licensee and
any spectrum lessee must execute the Commission-approved financing
documents. No licensee or potential spectrum lessee may file a spectrum
leasing notification or application without having first executed such
Commission-approved financing documentation. In addition, they must certify
in the spectrum leasing notification or application that they have both
executed such documentation.
[ 68 FR 66277 , Nov. 25, 2003, as amended at 69 FR 77558 , Dec. 27, 2004]
Goto Section: 1.9040 | 1.9047
Goto Year: 2007 |
2009
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