Common use of State USF Clause in Contracts

State USF. If Seller is entitled to receive any State USF Funds as of the Closing Date that include State USF Funds relating to the Exchanges, then Buyer shall receive a pro rata share of such State USF Funds received by Seller, under Seller's methodology of computing such State USF Funds, pursuant to the applicable State USF rules and regulations. The State USF Funds due Buyer shall be determined by multiplying the number of Access Lines served by the Exchanges on the Closing Date time the per-line amount of USF support received by Seller for the appropriate period. The resulting Buyer's annual State USF amount shall be prorated in proportion to the number of months in the year from and after the Closing Date. Such sharing of Seller's State USF Funds shall discontinue upon commencement of the first period for which Buyer is permitted to make its own State USF filings, and in no event shall such sharing continue for more than 18 months after the Closing Date. Seller shall cooperate with Buyer and provide such reasonable assistance, at Buyer's expense, as may be required in connection with Buyer's preparation of necessary State USF filings or submissions.

Appears in 3 contracts

Sources: Purchase and Sale Agreement (Citizens Utilities Co), Purchase and Sale Agreement (U S West Communications Inc), Purchase and Sale Agreement (U S West Inc /De/)