Common use of Nextel Partners Clause in Contracts

Nextel Partners. (a) Sprint agrees that if Sprint and its Related Parties at any time own, directly or indirectly, 50% or more of the voting stock of Nextel Partners, Inc. or any successor to its business (“Nextel Partners”), Sprint shall cause Nextel Partners to be bound hereby by executing an addendum to this Agreement. Upon the execution of such addendum, Nextel Partners shall be bound hereby, and shall have the same rights and obligations hereunder as Sprint. Within five (5) Business Days of the date Sprint becomes the direct or indirect owner of 50% or more of the voting stock of Nextel Partners, Sprint shall deliver to iPCS a fully executed addendum hereto as described above, whereupon iPCS shall countersign such addendum. If Sprint fails to deliver such addendum, iPCS may elect to terminate this Agreement, which shall constitute its sole remedy under this Agreement for such failure or for any failure of Nextel Partners and its Subsidiaries to comply with this Agreement prior to such time as Sprint Corporation directly or indirectly owns 100% of the voting stock of Nextel Partners (it being understood that nothing in this Agreement shall be construed as restricting iPCS’s ability to claim a breach of the Management Agreements by reason of Sprint Corporation’s acquisition of greater than 50% of the voting stock of Nextel Partners or the activities of Nextel Partners following such acquisition).

Appears in 2 contracts

Samples: Ipcs Forbearance Agreement (Sprint Corp), Ipcs Forbearance Agreement (iPCS, INC)

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Nextel Partners. (a) Sprint agrees that if Sprint and its Related Parties at any time own, directly or indirectly, 50% or more of the voting stock of Nextel Partners, Inc. or any successor to its business (“Nextel Partners”), Sprint shall cause Nextel Partners to be bound hereby by executing an addendum to this Agreement. Upon the execution of such addendum, Nextel Partners shall be bound hereby, and shall have the same rights and obligations hereunder as Sprint. Within five (5) Business Days of the date Sprint becomes the direct or indirect owner of 50% or more of the voting stock of Nextel Partners, Sprint shall deliver to iPCS UbiquiTel a fully executed addendum hereto as described above, whereupon iPCS UbiquiTel shall countersign such addendum. If Sprint fails to deliver such addendum, iPCS UbiquiTel may elect to terminate this Agreement, which shall constitute its sole remedy under this Agreement for such failure or for any failure of Nextel Partners and its Subsidiaries to comply with this Agreement prior to such time as Sprint Corporation directly or indirectly owns 100% of the voting stock of Nextel Partners (it being understood that nothing in this Agreement shall be construed as restricting iPCSUbiquiTel’s ability to claim a breach of the Management Agreements Agreement by reason of Sprint Corporation’s acquisition of greater than 50% of the voting stock of Nextel Partners or the activities of Nextel Partners following such acquisition).

Appears in 1 contract

Samples: Ubiquitel Forbearance Agreement (Ubiquitel Inc)

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Nextel Partners. (a) Sprint agrees that if Sprint and its Related Parties at any time own, directly or indirectly, 50% or more of the voting stock of Nextel Partners, Inc. or any successor to its business ("Nextel Partners"), Sprint shall cause Nextel Partners to be bound hereby by executing an addendum to this Agreement. Upon the execution of such addendum, Nextel Partners shall be bound hereby, and shall have the same rights and obligations hereunder as Sprint. Within five (5) Business Days of the date Sprint becomes the direct or indirect owner of 50% or more of the voting stock of Nextel Partners, Sprint shall deliver to iPCS the Affiliate a fully executed addendum hereto as described above, whereupon iPCS the Affiliate shall countersign such addendum. If Sprint fails to deliver such addendum, iPCS the Affiliate may elect to terminate this Agreement, which shall constitute its sole remedy under this Agreement for such failure or for any failure of Nextel Partners and its Subsidiaries to comply with this Agreement prior to such time as Sprint Corporation directly or indirectly owns 100% of the voting stock of Nextel Partners (it being understood that nothing in this Agreement shall be construed as restricting iPCS’s the Affiliate's ability to claim a breach of the Management Agreements Agreement by reason of Sprint Corporation’s 's acquisition of greater than 50% of the voting stock of Nextel Partners or the activities of Nextel Partners following such acquisition).

Appears in 1 contract

Samples: Forbearance Agreement (Shenandoah Telecommunications Co/Va/)

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