AUSP definition

AUSP means Alaska United Fiber System Partnership, an Alaska general partnership and Restricted Subsidiary, which is a wholly owned indirect Subsidiary of the Borrower.
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AUSP means Alaska United Fiber System Partnership, an Alaska general partnership and Unrestricted Subsidiary, which is a wholly owned indirect Subsidiary of the Borrower.
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Examples of AUSP in a sentence

  • Nothing herein shall prevent the Borrower or any Restricted Subsidiary from entering into an agreement with AUSP pursuant to any Project Agreement whereby each may purchase excess capacity from time to time as needed in the ordinary course of business.

  • On or before the AUSP Closing Date, each of AUSP and its Affiliates will have full legal right, power, and authority to execute, deliver, and perform under the Project Agreements and the AUSP Financing Agreements to be executed and delivered by it.

  • AUSP Financing................................................................................

  • In addition, no later than the AUSP Closing Date, (a) the AUSP Financing shall have been consummated on terms and conditions satisfactory to the Administrative Agent, (b) the AUSP Financing Agreements and Project Agreements shall be in form and substance acceptable to the Administrative Agent, and (c) the undersea fiber survey owned by the Borrower shall have been sold to AUSP for fair value (not less than $1,000,000).

  • On or before the AUSP Closing Date, the general partner of AUSP and each other Affiliate of AUSP which is party to the AUSP Financing Agreements or the Project Agreements will have duly authorized the execution, delivery, and performance of the AUSP Financing Agreements and the Project Agreements to be executed by AUSP or each such Affiliate, as appropriate.

  • Kissinger Its: Joint General Manager NATIONAL BANK OF ALASKA, Individually as a Lender /s/ By: Patricia Jelley Benz Its: Vice President SCHEDULE 1.01B AUSP FINANCING AGREEMENTS; PROJECT AGREEMENTS Credit and Security Agreement dated as of January 27, 1998, among Alaska United Fiber System Partnership as Borrower, and the Lenders referred to therein, and Credit Lyonnais New York Branch as Administrative Agent, NationsBank of Texas, N.A. as Syndication Agent and TD Securities (USA) Inc.

  • The proceeds of the Advances shall be available (and the Borrower shall use such proceeds) to (a) refinance existing Funded Debt of the Borrower and its Restricted Subsidiaries, (b) fund Capital Expenditures of the Borrower and the Restricted Subsidiaries permitted by the terms of this Agreement, (c) contribute $50,000,000 to the capitalization of AUSP, and (d) use for general working capital purposes.

  • Each AUSP Financing Agreement and each Project Agreement to be delivered to the Administrative Agent on the AUSP Closing Date will be a true and complete copy of such agreement as executed by AUSP and its Affiliates.

  • Neither the Borrower nor any Restricted Subsidiary shall enter into any agreement with AUSP obligating the Borrower or any Restricted Subsidiary to purchase excess capacity pursuant to any Project Agreement or any other agreement exceeding the amounts set forth above with respect to the Fiber Lease and the Lease Guaranty.

  • Due Authorization; Validity of the AUSP Financing Agreements and the Project Agreements....