Sec. 24.706  Submission of upfront payments and down payments.

    (a) Where the Commission uses simultaneous multiple round auctions 
or oral sequential auctions, bidders will be required to submit an 
upfront payment in accordance with Sec. 1.2106 of this chapter, 
paragraph (c) of this section, and Secs. 24.711(a)(1) and 24.716(a)(1).
    (b) Winning bidders in an auction must submit a down payment to the 
Commission in accordance with Sec. 1.2107(b) of this chapter and 
Secs. 24.711(a)(2) and 24.716(a)(2).
    (c) Each eligible bidder for licenses on frequency Blocks D and E 
subject to auction shall pay an upfront payment of $0.06 per MHz per pop 
for the maximum number of licenses (in terms of MHz-pops) on which it 
intends to bid pursuant to Sec. 1.2106 of this chapter and procedures 
specified by Public Notice.
[ 61 FR 33868 , July 1, 1996]