Sec. 1.2107  Submission of down payment and filing of long-form 
          applications.

    (a) After bidding has ended, the Commission will identify and notify 
the high bidder and declare the bidding closed.
    (b) Within ten (10) business days after being notified that it is a 
high bidder on a particular license(s), a high bidder must submit to the 
Commission's lockbox bank such additional funds (the ``down payment'') 
as are necessary to bring its total deposits (not including upfront 
payments applied to satisfy penalties) up to twenty (20) percent of its 
high bid(s). (In single round sealed bid auctions conducted under 
Sec. 1.2103, however, bidders may be required to submit their down 
payments with their bids.) This down payment must be made by wire 
transfer in U.S. dollars from a financial institution whose deposits are 
insured by the Federal Deposit Insurance Corporation and must be made 
payable to the Federal Communications Commission. Winning bidders who 
are qualified designated entities eligible for installment payments 
under Sec. 1.2110(d) are only required to bring their total deposits up 
to ten (10) percent of their winning bid(s). Such designated entities 
must pay the remainder of the twenty (20) percent down payment within 
ten (10) business days of grant of their application. See Sec. 1.2110(e) 
(1) and (2). Down payments will be held by the Commission until the high 
bidder has been awarded the license and has paid the remaining balance 
due on the license or authorization, in which case it will not be 
returned, or until the winning bidder is found unqualified to be a 
licensee or has defaulted, in which case it will be returned, less 
applicable payments. No interest on any down payment will be paid to the 
bidders.

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    (c) A high bidder that meets its down payment obligations in a 
timely manner must, within ten (10) business days after being notified 
that it is a high bidder, submit an additional application (the ``long-
form application'') pursuant to the rules governing the service in which 
the applicant is the high bidder (unless it has already submitted such 
an application, as contemplated by Sec. 1.2105(a)(1)(b). Notwithstanding 
any other provision in title 47 of the Code of Federal Regulations to 
the contrary, high bidders need not submit an additional application 
filing fee with their long-form applications. Specific procedures for 
filing electronically and manually filed applications will be set out by 
Public Notice. While Form 600 may be filed either electronically or 
manually, beginning January 1, 1998, all applications must be filed 
electronically. Those applicants who file applications manually must 
also include a copy of all attachments and any other supporting 
documents on a 3.5 inch diskette in separate ASCII text (.TXT) file 
formats. An applicant that fails to submit the required long-form 
application under this paragraph and fails to establish good cause for 
any late-filed submission, shall be deemed to have defaulted and will be 
subject to the payments set forth in Sec. 1.2104.
    (d) As an exhibit to its long-form application, the applicant must 
provide a detailed explanation of the terms and conditions and parties 
involved in any bidding consortia, joint venture, partnership or other 
agreement or arrangement it had entered into relating to the competitive 
bidding process prior to the time bidding was completed. Such agreements 
must have been entered into prior to the filing of short-form 
applications pursuant to Sec. 1.2105.
[59 1997 FR 44293 , Aug. 26, 1994, as amended at  61 FR 49075 , Sept. 18, 1996; 
 62 FR 13543 , Mar. 21, 1997]