Network Assets Clause Samples

Network Assets. The 2000 10-K (as supplemented by Schedule 2.14) sets forth a complete and correct list, as of March 31, 2001, of the metro markets in which the Company owns network assets and related equipment, and the description of the Company’s networks contained therein is complete and correct in all material respects as of such date.

Network Assets. The Assets of the Network shall consist of: 5.1. The monies held in the Network bank account 5.2. The shared employment contracts held by the Network

Network Assets. Each of the Asset Entities is the owner, lessor or licensor of the Network Assets and the access rights granted pursuant to the Fiber Network Underlying Rights Agreements, owned, leased or licensed by it, free and clear of all Liens except for Permitted Encumbrances. The financing statements under the UCC will, upon filing (i) create perfected first priority security interests in and to, and perfected collateral assignments of, all personal property in connection therewith (including the Fees and the Customer Agreements), and (ii) create perfected security interests in all fixtures, in each case to the extent that such liens and security interests may be perfected by filing a financing statement under the UCC, subject only to Permitted Encumbrances. There are (i) no proceedings in condemnation or eminent domain affecting any of the Network Assets, and to the Knowledge of the Asset Entities, none is threatened, that in either case would individually or in the aggregate cause a Material Adverse Effect, and (ii) no mechanic’s, materialman’s or other similar liens or claims which have been filed for work, labor or materials affecting the Network Assets the effect of which is reasonably likely to have a Material Adverse Effect. The Permitted Encumbrances, in the aggregate, do not (w) materially interfere with the benefits of the security intended to be provided by the UCC financing statements and this Base Indenture, (x) materially and adversely affect the value of the Networks taken as a whole, (y) materially impair the use or operations of the Networks or (z) materially impair the Obligors’ ability to pay their respective obligations in a timely manner.

Network Assets. All network assets owned by ▇▇▇▇ Canada that are located in the Rural Wireline Territory and used in the Rural Wireline Operations, including:

Network Assets. (a) The Network Assets are, in all material respects: (i) in good operating condition and in a state of good maintenance and repair, ordinary wear and tear excepted; (ii) usable in the Ordinary Course of Business; (iii) operating as intended in accordance with normal industry practice; and (iv) except as set forth on Schedule 5.24(a), owned by the Company free and clear of any Lien (other than Permitted Liens). (b) The Sellers and the Sellers’ Parent have no Knowledge of any defect with respect to any of the Network Assets, except for any defects that would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. (c) Schedule 5.24(c) identifies each site, whether rooftop, tower or other structure, on which the Company has radio transmitters (each a “Transmitter Site”). Except as set forth on Schedule 5.24(c), each Transmitter Site for which the underlying real property is owned by the Company is free and clear of Liens (other than Permitted Liens). For all Transmitter Sites for which the Company does not own the underlying real property, the Company holds a valid leasehold, sub leasehold estate or other right to use or occupy the space on which the radio transmitter is located (“Leasehold”). The Company is not in breach of or in default under the documents relating to the Leaseholds and, to the Knowledge of the Sellers and the Sellers’ Parent, no event has occurred which, with due notice or lapse of time or both, would constitute a breach or default by the Company under any such document or result in a termination thereof or would cause or permit the acceleration or other changes of any right or obligation or the loss of any material benefit thereunder. To the Knowledge of the Sellers and the Sellers’ Parent, there are no material breaches of or material defaults by any other party thereto under the documents relating to the Leaseholds.

Network Assets. All switching equipment, data routers, aggregators, SS7 network elements, network installation and testing tools and workstations owned by Wireline LP and used in the Wireless Business, including all such equipment contributed, transferred or assigned to Wireline LP by Aliant pursuant to Exhibit II to Schedule K of this Agreement.

Network Assets. Tranz Rail shall sell and the Crown shall purchase the Rail Network and the Network Assets;

Network Assets. All network assets, switching equipment, data routers, aggregators, SS7 network elements, network installation and testing tools, workstations, NOCC, network monitoring equipment and all related network assets, machinery and equipment owned by Aliant.