Home Passed definition
Examples of Home Passed in a sentence
Each residential unit in a multiple dwelling unit shall be counted as one Upgraded Home Passed.
Company shall hold harmless and indemnify Operator for any costs and expenses resulting from damage and (repair) costs to the Network Termination Unit in the Home Passed incurred by Operator and which are caused by Company or a third party acting on behalf of Company.
B Warrants shall be deemed vested (i.e., eligible for exercise) immediately when the applicable Home Passed is or becomes part of a Committed System or additional Committed System under the Network Agreement, subject to (i) the provisions of Section 6.3 below, and (ii) the inspection and commissioning procedures set forth in Section 2.3 of the Network Agreement.
Supplier will, for each Home Passed by **************** in the ************* Region, draw down from this prepayment and will apply such amount to amounts properly invoiced to Company for accepted Material other than Software (effective upon the payment due date prescribed herein), until the total ************************ ************** prepaid amount is exhausted.
Supplier will, for each Home Passed by ▇▇▇▇ Atlantic in the ▇▇▇▇ Atlantic Region, draw down from this prepayment [***********************************] and apply such amount to amounts properly invoiced to Company for accepted Software (effective upon the payment due date prescribed herein), until the total [**********************************************] is exhausted.
Supplier will draw down from this prepayment *************** ************************* for each additional Home Passed by **************** in the ************* Region, and will apply such amount to amounts properly invoiced to Company for accepted Software (effective upon the payment due date prescribed herein), until the total ************************ ************ prepaid amount in exhausted.
Pursuant to the Warrant Purchase Agreement and the HSAC Warrant issued thereunder, HSAC will grant to Road Runner the right, during the Term, to purchase one (1) share of HSAC common stock (a "Warrant Share") for each Home Passed within a Designated System on the date HSAC and Road Runner enter into a Subcontract Agreement for such Designated System.
HSAC agrees to commit advertising funds in an amount not less than $1.50 per Home Passed in connection in the initial Launch Date, and at least $.25/Home Passed annually in such System thereafter.
This Section is included as explanation of the Company and Supplier cost reduction commitments, and should not be viewed as further reductions to the price modifications as defined in Article XI (Price Modification to Achieve Model Price Per Home Passed) of this Supply Agreement.