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) Unless otherwise specified by public notice, 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 bid withdrawal
   or default payments) 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.) Unless
   otherwise specified by public notice, 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. 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.

   (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. 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 applications will be set out by Public
   Notice. Ownership disclosure requirements are set forth in  Sec. 1.2112.
   Beginning January 1, 1999, all long-form applications must be filed
   electronically. 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.

   (e) A winning bidder that seeks a bidding credit to serve a qualifying
   tribal land, as defined in  Sec. 1.2110(f)(3)(i), within a particular market must
   indicate on the long-form application (FCC Form 601) that it intends to
   serve a qualifying tribal land within that market.

   (f) An applicant must also submit FCC Form 602 (see  Sec. 1.919 of this chapter)
   with its long form application (FCC Form 601).

   [ 59 FR 44293 , Aug. 26, 1994, as amended at  61 FR 49075 , Sept. 18, 1996;  62 FR 13543 , Mar. 21, 1997;  63 FR 2342 , Jan. 15, 1998;  63 FR 12659 , Mar. 16,
   1998;  63 FR 68942 , Dec. 14, 1998;  65 FR 47354 , Aug. 2, 2000;  67 FR 45365 ,
   July 9, 2002]