No other liabilities or obligations of Telenational shall be assumed by any Affiliates of Rapid Link.
Subject to the receipt of the approvals identified on Schedule 2.18(a), the consummation of the transactions contemplated hereby (including, without limitation, the sale of the Telenational Assets hereunder) will not result in a default under or the termination of any such Permit.
Rapid Link owns all of the outstanding capital stock of each of its Subsidiaries (that hold Telenational Assets) free and clear of any Encumbrances.
At or prior to the Closing, the current officers and directors of Rapid Link shall resign all of their positions with Rapid Link and all Subsidiaries (that hold Telenational assets) thereof and any applicable employment agreements shall have been terminated with no further force and effect (including any change of control or severance obligations which may be triggered by the entry into or the consummation of the transaction contemplated hereby).
Link has made available to Blackbird or its legal counsel, copies of all material Tax Returns for Rapid Link and each of its Subsidiaries that hold the Telenational Assets for all years for which the applicable statute of limitations has not expired.