Sec. 101.1105  Submission of payments.

    (a) Each applicant to participate in an LMDS auction will be 
required to submit an upfront payment in accordance with Sec. 1.2106 of 
this chapter as announced by the Wireless Telecommunications Bureau by 
Public Notice.
    (b) Winning bidders in LMDS auctions, except those businesses 
meeting the definition of small business or qualifying as a business 
with average gross revenues for the preceding three years of not more 
than $75 million under Sec. 101.1112, must submit a down payment to the 
Commission in an amount sufficient to bring their total deposits up to 
20 percent of their winning bids within ten business days following the 
release of a Public Notice announcing the close of the auction. Winning 
bidders, except those qualifying for installment payments, must pay the 
full balance of their winning bids within ten business days following 
the release of a Public Notice that the Commission is prepared to award 
the licenses.
    (c) Winning bidders in LMDS auctions that meet the definition of 
small business or businesses with average gross revenues for the 
preceding three years of not more than $75 million under Sec. 101.1112 
must submit a down payment to the Commission in an amount sufficient to 
bring their total deposits up to 10 percent of their winning bids within 
ten business days following the release of a Public Notice announcing 
the close of the auction, and up to 20 percent of their winning bids 
within ten business days of the release of a Public Notice that the 
Commission is prepared to award the licenses. The remaining 80 percent 
of the purchase price will then be subject to the installment financing 
provisions of Sec. 101.1108.