Goto Section: 1.9040 | 1.9047 | Table of Contents
Revised as of October 1, 2014
Goto Year:2013 |
§ 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 § 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 § 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]
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Goto Section: 1.9040 | 1.9047
Goto Year: 2013 |
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