Phase 0 Block Loan Clause Samples

Phase 0 Block Loan. The MSV Parties shall loan and thereby make available for no consideration further L-band spectrum designated in the Phase 0 Spectrum Plan as “Phase 0 Block” to Inmarsat until the earlier of (1) the Phase 1 Completion Date and (2) the Sixth Anniversary; provided always, that in the event that Phase 1 Transition is still being implemented at the Sixth Anniversary, the term of the loan will be extended to the Phase 1 Completion Date, though later and provided further, for the avoidance of doubt, that in the event that either the Primary Default Spectrum Plan or the Alternative Default Spectrum Plan is brought into effect under this Agreement, the Phase 0 Block Loan shall be superseded by such Spectrum Plan. The terms governing the loan of the Phase 0 Block, and Inmarsat’s use of such spectrum, shall be as set forth in a definitive loan agreement substantially in the form attached as Exhibit B3 (the “Phase 0 Block Loan Agreement”).