“Legitimate and prudent” expenses typically refer to expenses that are both reasonable and necessary in the context of a particular situation. In the case of LPFM (Low-Power FM) radio applications or other regulatory processes, legitimate and prudent expenses may include:
FAQ Tag: settlement window
Is it possible for a 5-point applicant to enter into a settlement agreement with a 4-point applicant during the 90-day settlement window?
During the 90-day settlement window, a 5-point applicant can reach an agreement with a 4-point applicant. In fact, any combination of applicants can reach a settlement agreement during this window, regardless of their point totals. The key is to come to an agreement that resolves the mutual exclusivity (MX) issue for that particular channel. Points may help determine who gets priority in selecting hours in a time-share agreement, but they don’t restrict who can negotiate a settlement.