Sec. 22.207  Withdrawal, default, and disqualification payments.

    The FCC will impose payments on bidders who withdraw high bids 
during the course of an auction, who default on payments due after an 
auction terminates, or who are disqualified. When the FCC conducts a 
simultaneous multiple round auction, payments will be calculated as set 
forth in Secs. 1.2104(g) and 1.2109 of this chapter. When the amount of 
such a payment cannot be determined, a deposit of up to 20 percent of 
the amount bid on the license will be required.