Stranded Investment Sample Clauses

Stranded Investment. If the customer cancels the service prior to the completion of the initial term, the customer will be responsible for the following stranded investment charge: 1) 100% of the monthly recurring charges remaining in months one through twelve of the initial term, 75% of the monthly recurring charges remaining in months thirteen through twenty‐four of the initial term, and 50% of the monthly recurring charges remaining in months twenty‐five through the end of the initial term; and 2) all disconnection or termination charges payable to any third parties incurred by Crown Castle Fiber on customer’s behalf relating to the service, to the extent such charges are not recouped by Crown Castle Fiber from the payments made by customer under clause (1) above. Such stranded investment charge shall be paid within forty‐five (45) days of customer’s receipt of the applicable invoice. Customer will not be responsible for stranded investment charges where customer simultaneously orders a replacement service to a location then served by Crown Castle Fiber’s existing network (“Replacement Service”) with equal or greater monthly recurring charges for an equal or greater term as the cancelled service, provided that customer (i) pays all applicable charges in connection with provisioning such Replacement Service, and (ii) reimburses Crown Castle Fiber for any costs related to the cancelled service, including unpaid Special Construction charges and underlying third‐party provider termination fees. Any such Replacement Service shall be documented in an amendment mutually agreed upon and executed by Crown Castle Fiber and Customer.
Sample 1
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Related to Stranded Investment

  • Investment Assets Those assets of the Fund as the Advisor and the Fund shall specify in writing, from time to time, including cash, stocks, bonds and other securities that the Advisor deposits with the Custodian and places under the investment supervision of the Sub-Advisor, together with any assets that are added at a subsequent date or which are received as a result of the sale, exchange or transfer of such Investment Assets.

  • Restricted Investment Make or have, or permit any Subsidiary of Borrower to make or have, any Restricted Investment.

  • Permitted Investments At any time, any one or more of the following obligations and securities:

  • PIPE Investment (a) Acquiror has delivered to the Company true, correct and complete copies of each of the Subscription Agreements entered into by Acquiror with the applicable PIPE Investors named therein, pursuant to which the PIPE Investors have committed to provide equity financing to Acquiror solely for purposes of consummating the Transactions in the aggregate amount of not less than $225,000,000 (the “PIPE Investment Amount”). To the knowledge of Acquiror, with respect to each PIPE Investor, the Subscription Agreement with such PIPE Investor is in full force and effect and has not been withdrawn or terminated, or otherwise amended or modified, in any respect, and no withdrawal, termination, amendment or modification is contemplated by Acquiror. Each Subscription Agreement is a legal, valid and binding obligation of Acquiror and, to the knowledge of Acquiror, each PIPE Investor, and neither the execution or delivery by any party thereto nor the performance of any party’s obligations under any such Subscription Agreement violates or will violate any Laws. There are no other agreements, side letters, or arrangements between Acquiror and any PIPE Investor that could affect the obligation of such PIPE Investors to contribute to Acquiror the applicable portion of the PIPE Investment Amount set forth in the Subscription Agreement of such PIPE Investors, and, as of the date hereof, Acquiror does not know of any facts or circumstances that may reasonably be expected to result in any of the conditions set forth in any Subscription Agreement not being satisfied, or the PIPE Investment Amount not being available to Acquiror, on the Closing Date. No event has occurred that, with or without notice, lapse of time or both, would constitute a default or breach on the part of Acquiror under any material term or condition of any Subscription Agreement and, as of the date hereof, Acquiror has no reason to believe that it will be unable to satisfy in all respects on a timely basis any condition to closing or material term to be satisfied by it contained in any Subscription Agreement. The Subscription Agreements contain all of the conditions precedent (other than the conditions contained in this Agreement) to the obligations of the PIPE Investors to contribute to Acquiror the applicable portion of the PIPE Investment Amount set forth in the Subscription Agreements on the terms therein.

  • Restricted Investments Make any Restricted Investment.

  • Investments Make any Investments, except:

  • Distributions; Investments (a) Pay any dividends or make any distribution or payment or redeem, retire or purchase any capital stock other than Permitted Distributions; or (b) directly or indirectly acquire or own any Person, or make any Investment in any Person, other than Permitted Investments, or permit any of its Subsidiaries to do so.

  • Investment Canada The Purchaser is not a non-Canadian within the meaning of the Investment Canada Act (Canada).

  • LOCATION OF QUALIFIED PROPERTY AND INVESTMENT The Land on which the Qualified Property shall be located and on which the Qualified Investment shall be made is described in EXHIBIT 2, which is attached hereto and incorporated herein by reference for all purposes. The Parties expressly agree that the boundaries of the Land may not be materially changed from its configuration described in EXHIBIT 2 unless amended pursuant to the provisions of Section 10.2 of this Agreement.

  • Previous Investments This Agreement shall also apply to investments made before its entry into force by investors of one Contracting Party in the territory of the other Contracting Party in accordance with the latter's laws and regulations.

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