Examples of Backhaul Closing Date in a sentence
Subject to the terms and conditions contained herein, Purchaser agrees to purchase and pay for the Backhaul IRU on the Backhaul Closing Date.
Upon Purchaser’s payment of the Backhaul IRU Purchase Price, Seller shall grant to Purchaser and Purchaser shall acquire from Seller an IRU in the Backhaul for the IRU Term (collectively, the “Backhaul IRU”), with effect from the Backhaul Closing Date until the last day of the IRU Term.
Any dates specified by HCL for delivery of the Goods are intended to be an estimate and time for delivery shall not be made of the essence by notice.
Subject to performance by Seller of its obligations hereunder, Purchaser shall pay to Seller, in consideration for the Backhaul IRU, the sum of *** (the “Backhaul IRU Purchase Price”), which shall be paid on the Effective Date or the Backhaul Closing Date, as applicable, and as set forth in Exhibit A, without demand, reduction or set-off except the reduction for the dark fiber credits and repurchase credit allocated on Exhibit A.
Subject to performance by Seller of its obligations hereunder, Purchaser shall pay to Seller, in consideration for any Added Backhaul IRU, the sum of money specified in he applicable Service Order (the “Added Backhaul IRU Purchase Price”), which shall be paid on the Backhaul Closing Date.
Upon Purchaser’s payment of the Added Backhaul IRU Purchase Price, Seller shall grant to Purchaser and Purchaser shall acquire from Seller an IRU in the Added Backhaul for the IRU Term (collectively, the “Backhaul IRU”), with effect from the Backhaul Closing Date until the last day of the IRU Term.
Notwithstanding the preceding sentence, it is understood and agreed that the grant of the Backhaul IRU and the Wavelength IRUs is intended by the parties hereto to be treated for accounting and all applicable tax purposes, as the sale and purchase of the Backhaul IRU and Wavelength IRUs, and that on and after the Backhaul Closing Date and the Wavelength Closing Date, as applicable, Purchaser or its Affiliates shall be treated as the owner of the Backhaul IRU and the Wavelength IRUs for such purposes.