Ownership of Telecommunications Assets Sample Clauses

Ownership of Telecommunications Assets. Each Credit Party shall take such actions as may be required to ensure that, subject to dispositions permitted under Section 6.8, all Telecommunications Assets owned by Company as of the Closing Date, or acquired by any Credit Party after the Closing Date, shall be owned at all times after the Closing Date by Company other than to the extent they are: (i) owned by a Wholly-Owned Subsidiary of Company if acquired pursuant to a Permitted Acquisition to the extent not commercially practicable to transfer such Telecommunications Assets to Company, or (ii) otherwise subject to a Capital Lease in the form of the Approved Lease Agreement to which the Company is the lessor and Focal Communications Corporation of Illinois is the lessee, or (iii) during the period from the Closing Date to the date falling 150 days thereafter, or the first Credit Extension, if earlier, and without prejudice to other provisions of this clause, transferred to and owned by Equipment Subsidiary, or (iv) Telecommunications Assets purchased by Equipment Subsidiary and to be purchased from it by Company with the proceeds of Loans within 180 days of the original purchase by Equipment Subsidiary provided that if such Telecommunications Assets have not been so purchased within such 180 days, such Telecommunications Assets shall, in any event, be transferred to Company, or (v) assets required by the terms of this Credit Agreement to be owned by Dark Fiber Subsidiary.
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Ownership of Telecommunications Assets. The Borrower will cause, and by its execution of the Supplemental Agreement and a Guaranty, NCI and NCH, respectively, agree to cause, all Telecommunications Assets of NCI, NCH and their respective Subsidiaries which are contemplated by or material to the Business Plan to be owned by the Borrower and/or its Restricted Subsidiaries.
Sample 1
Ownership of Telecommunications Assets. The Borrower will cause, and by its execution of a Guaranty NCH agrees to cause, all Telecommunications Assets of NCH and its Subsidiaries which are contemplated by or material to the Business Plan to be owned by the Borrower and or its Subsidiaries.
Sample 1

Related to Ownership of Telecommunications Assets

  • Ownership of Customer Data As between Oracle and Customer, all title and intellectual property rights in and to the Customer Data is owned exclusively by Customer. Customer acknowledges and agrees that in connection with the provision of the Services, Oracle may store and maintain Customer Data for a period of time consistent with Oracle’s standard business processes for the Services. Following expiration or termination of the Agreement or a Customer account, if applicable, Oracle may deactivate the applicable Customer account(s) and delete any data therein. Customer grants Oracle the right to host, use, process, display and transmit Customer Data to provide the Services pursuant to and in accordance with this Agreement and the applicable Estimate/Order Form or SOW. Customer has sole responsibility for the accuracy, quality, integrity, legality, reliability, and appropriateness of Customer Data, and for obtaining all rights related to Customer Data required by Oracle to perform the Services.

  • Ownership of Software The Parties acknowledge that any software provided by the Authority is and remains the property of the Authority.

  • Ownership of Equipment Any equipment purchased by or furnished to the Grantee by the State under this grant agreement is provided on a loan basis only and remains the property of the State.

  • Ownership of Content 4.1 All materials including paper based resources, and all materials displayed on the Site and the Apps, including without limitation all information, text, materials, graphics, software, tools, results derived from the use of software and tools, advertisements, names, logos and trade marks on the paper based version, the Site and the Apps (Content) are protected by copyright, trade mark and other intellectual property laws unless otherwise indicated.

  • Telecommunications Each Lender and Administrative Agent shall be entitled to rely on the authority of any individual making any telecopy, electronic or telephonic notice, request, or signature without the necessity of receipt of any verification thereof.

  • Ownership of Other Entities Other than the subsidiaries of the Company listed in Exhibit 21 to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2018, the Company, directly or indirectly, owns no capital stock or other equity or ownership or proprietary interest in any corporation, partnership, association, trust or other entity.

  • Ownership of Company Property The Company’s assets shall be deemed owned by the Company as an entity, and the Member shall have no ownership interest in such assets or any portion thereof. Title to any or all such Company assets may be held in the name of the Company, one or more nominees or in “street name”, as the Member may determine.

  • Ownership of Technology As between the Parties, each Party shall own and retain all right, title, and interest in and to any and all Inventions and Information that are conceived, discovered, developed, or otherwise made solely by or on behalf of such Party (or its Affiliates or Sublicensees) under or in connection with this Agreement, whether or not patented or patentable, and any and all Patents and other intellectual property rights with respect thereto.

  • Ownership of Software and Related Materials All computer programs, written procedures and similar items developed or acquired and used by the Administrator in performing its obligations under this Agreement shall be the property of the Administrator, and no Series will acquire any ownership interest therein or property rights with respect thereto.

  • Telecommunications Services The offering of telecommunications for a fee directly to the public, or to such classes of users as to be effectively available directly to the public, regardless of the facilities used.

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