Goto Section: 24.710 | 24.712 | Table of Contents
FCC 24.711
Revised as of October 1, 2011
Goto Year:2010 |
2012
§ 24.711 Installment payments for licenses for frequency Block C.
Installment payments. Each eligible licensee of frequency Block C may
pay the remaining 90 percent of the net auction price for the license
in installment payments pursuant to § 1.2110(f) of this chapter and
under the following terms:
(a) For an eligible licensee with gross revenues exceeding $75 million
(calculated in accordance with § 1.2110(n) of this chapter and
§ 24.709(b)) in each of the two preceding years (calculated in
accordance with § 1.2110(n) of this chapter), interest shall be imposed
based on the rate for ten-year U.S. Treasury obligations applicable on
the date the license is granted, plus 3.5 percent; payments shall
include both principal and interest amortized over the term of the
license.
(b) For an eligible licensee with gross revenues not exceeding $75
million (calculated in accordance with § 1.2110(b) of this chapter and
§ 24.709(b)) in each of the two preceding years, interest shall be
imposed based on the rate for ten-year U.S. Treasury obligations
applicable on the date the license is granted, plus 2.5 percent;
payments shall include interest only for the first year and payments of
interest and principal amortized over the remaining nine years of the
license term.
(c) For an eligible licensee that qualifies as a small business or as a
consortium of small businesses, interest shall be imposed based on the
rate for ten-year U.S. Treasury obligations applicable on the date the
license is granted; payments shall include interest only for the first
six years and payments of interest and principal amortized over the
remaining four years of the license term.
[ 67 FR 45371 , July 9, 2002, as amended at 68 FR 42999 , July 21, 2003]
Goto Section: 24.710 | 24.712
Goto Year: 2010 |
2012
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