Sec. 27.205  Submission of upfront payments.

    (a) Each eligible bidder for WCS licenses subject to auction shall 
pay an upfront payment pursuant to this chapter and procedures specified 
by public notice. No interest will be paid on upfront payments.
    (b) Upfront payments must be made by wire transfer.
    (c) If the applicant does not submit at least the minimum upfront 
payment, it will be ineligible to bid, its application will be dismissed 
and any upfront payment it has made will be returned.
    (d) The upfront payment(s) of a bidder will be credited toward any 
down payment required for licenses on which the bidder is the high 
bidder. Where the upfront payment amount exceeds the required deposit of 
a winning bidder, the Commission will refund the excess amount after 
determining that no bid withdrawal payments are owed by that bidder.
    (e) In accordance with the provisions of paragraph (d) of this 
section, in the event a payment is assessed pursuant to Sec. 27.203 for 
bid withdrawal or default, upfront payments or down payments on deposit 
with the Commission will be used to satisfy the bid withdrawal or 
default payment before being applied toward any additional payment 
obligations that the high bidder may have.