Access Liabilities definition

Access Liabilities means the liabilities of the Commission under the Access Agreements which are to be assumed by the Network Lessees under the Transfer Order and which arise after the Completion Time.
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Examples of Access Liabilities in a sentence

  • Effective on the Separation Date, Optical Access hereby assumes and agrees faithfully to perform and fulfill (or will cause any applicable Subsidiary to assume, perform and fulfill), all the Optical Access Liabilities owed by MRV, other than the Delayed Transfer Liabilities, in accordance with their respective terms.

  • The defense of claims, suits or actions giving rise to potential or actual Insured Optical Access Liabilities will be managed (in conjunction with MRV's insurers, as appropriate) by the party that would have had responsibility for managing such claims, suits or actions had such Insured Optical Access Liabilities been Optical Access Liabilities.

  • Insured Optical Access Liabilities" means any Optical Access Liability to the extent that (a) it is covered under the terms of MRV's Insurance Policies in effect prior to the Effective Date and (b) Optical Access is not a named insured under, or otherwise entitled to the benefits of, such Insurance Policies.

  • Optical Access Liabilities" has the meaning set forth in Section 1.4 of the Assignment Agreement.

  • Optical Access will reimburse MRV for all amounts incurred to pursue insurance recoveries from Insurance Policies for Insured Optical Access Liabilities.