Common use of MCI Clause in Contracts

MCI. Following receipt by Seller of the Consent of MCI Telecommunications Corporation ("MCI") to the transfer and assignment of the MCI Contract, Buyer and Seller agree to cooperate with each other in order to permit Buyer to seek to renegotiate the terms of the MCI Contract, effective following the Closing Date. The renegotiation of the MCI Contract shall not be a condition to Buyer's obligations hereunder. Seller will, upon Buyer's request, arrange for meetings between representatives of the Parties and the appropriate representatives of MCI at times to be reasonably agreed upon by the Parties (subject to the availability of MCI's representatives). Seller agrees to commence its efforts to obtain MCI's Consent promptly following the execution of this Agreement.

Appears in 2 contracts

Sources: Asset Purchase Agreement (RSL Communications LTD), Asset Purchase Agreement (RSL Communications LTD)