Common use of No Assignment; Exceptions Clause in Contracts

No Assignment; Exceptions. Sprint PCS agrees that for purposes of Section 17.15.2(e)(ii), 17.15.3(b)(ii), and 17.15.3(e)(ii), AllTel, which currently owns 20% of Manager will not be considered a "significant competitor of Sprint PCS or its Related Parties in the telecommunications business" unless AllTel is merged into or becomes controlled by a significant competitor of Sprint PCS or its Related Parties in the telecommunications business.

Appears in 3 contracts

Sources: Management Agreement (Horizon Personal Communications Inc), Management Agreement (Horizon PCS Inc), Management Agreement (Horizon PCS Inc)