§ 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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