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Example: Upfront Payments and Bidding Flexibility

Example: Upfront Payments and Bidding Flexibility.

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Example: Upfront Payments and Bidding Flexibility

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  1. Example: Upfront Payments and Bidding Flexibility If a bidder wishes to bid on both licenses in a round, it must have selected both on its FCC Form 175 and purchased at least 3,400 bidding units (2,400 + 1,000). If a bidder only wishes to bid on one, but not both, purchasing 2,400 bidding units would meet the requirement for either license. The bidder would be able to bid on either license, but not both at the same time. If the bidder purchased only 1,000 bidding units, it would have enough eligibility for the Knoxville, TN license but not for the New York-No. New Jer.-Long Island, NY-NJ-CT-PA-MA-VT license. Former defaulters should calculate their upfront payment for all licenses by multiplying the number of bidding units they wish to purchase by 1.5. In order to calculate the number of bidding units to assign to former defaulters, the Commission will divide the upfront payment received by 1.5 and round the result up to the nearest bidding unit. NOTE: An applicant’s actual bidding in any round will be limited by the bidding units reflected in its upfront payment, notwithstanding the number of licenses the applicant has indicated in its FCC Form 175.

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