Pre-Closing Commitment definition

Pre-Closing Commitment has the meaning set forth in Section 6.8(a). ---------------------- "Pre-Closing Expenditures" means expenditures of the nature and up to ------------------------- the amount set forth on Schedule 1.1; provided, that such expenditures shall be for general working capital or assets, properties or rights that are necessary or advisable, in the good faith determination of the Company, in order to facilitate the construction of PCS systems in the geographical areas within the portion of the Company Territory covered by the AT&T PCS Licenses and the TWR Licenses.
Pre-Closing Commitment has the meaning set forth in Section 6.8(a). ---------------------- "Pre-Closing Expenditures" means expenditures of the nature and up to ------------------------ the amount set forth on Schedule 1.1; provided, that such expenditures shall not exceed $10 million in the aggregate and shall be for assets, properties or rights that are (x) necessary or advisable, in the good faith determination of the Company, in order to facilitate the construction of PCS systems in the Company Territory following the Closing and (y) prior to the Closing, assignable to AT&T PCS or its designee(s), free and clear of Liens (other than Permitted Liens) and without penalty or cost to effect such assignment other than penalties or costs that individually or in the aggregate are not material in amount.

Examples of Pre-Closing Commitment in a sentence

  • The aggregate liability of Buyer for monetary damages under this Agreement shall not exceed (i) the Pre-Closing Commitment Amount, at any time prior to the Closing, and (ii) $70,000,000 following the Closing.

  • AT&T PCS may, in its sole discretion, by notice to the other parties given prior to the later of (i) the date 60 days after the date hereof, and (ii) the date five business days after the expiration of the initial 30-day public notice period in respect of the FCC transfer applications filed in connection with the Transactions, increase the amount of the Pre-Closing Commitment to $10 million.