§ 1.21004   Winning bidder's obligation to apply for support

   (a) Timely and Sufficient Application. A winning bidder has a binding
   obligation to apply for support by the applicable deadline. A winning
   bidder that fails to file an application by the applicable deadline or
   that for any reason is not subsequently authorized to receive support
   has defaulted on its bid.

   (b) Liability for Default Payment. A winning bidder that defaults is
   liable for a default payment, which will be calculated by a method that
   will be established as provided in a public notice prior to competitive
   bidding. If the default payment is determined as a percentage of the
   defaulted bid amount, the default payment will not exceed twenty
   percent of the amount of the defaulted bid amount.

   (c) Additional Liabilities. A winning bidder that defaults, in addition
   to being liable for a default payment, shall be subject to such
   measures as the Commission may provide, including but not limited to
   disqualification from future competitive bidding pursuant to this
   subpart AA, competitive bidding for universal service support.

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Subpart BB--Disturbance of AM Broadcast Station Antenna Patterns

   Source:  78 FR 66295 , Nov. 5, 2013, as amended at  78 FR 70499 , Nov. 26,
   2013, unless otherwise noted.

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