Telenational definition
Examples of Telenational in a sentence
It is understood that the Company intends to pursue a plan to provide positive cash flow from operations shortly after the Telenational Communications, Inc.
Notwithstanding the foregoing, the achievement of the above covenants as set forth in this Section 6(l) is contingent upon the closing of the Telenational Communications, Inc.
The Company's current ratio, after the completion of the Telenational transaction, and future anticipated financings, will improve the Company's current ratio as compared to the Company's current ratio as of the Closing Date.
All such insurance policies are in full force and effect, no notice of cancellation has been received, and there is no existing default or event which, with the giving of notice or lapse of time or both, would constitute a default, by any insured thereunder, except for such defaults that would not, individually or in the aggregate, have a Material Adverse Effect on Rapid Link or any of its Subsidiaries that hold Telenational Assets.
Attached as Schedule 1.5 hereto, is a list of the Telenational Assets and the liabilities of Telenational (“Telenational Liabilities”) to be transferred at the Subsequent Closing.
Telenational shall also promptly pay for or reimburse Manager for all reasonable, necessary and ordinary out-of-pocket expenses incurred in the performance of Manager’s services hereunder including, without limitation, travel, lodging and telephone expenses incurred by representatives of Manager while traveling to and from the RTE’s facilities as may be required to provide the Operations Services that are included in the Budget.
At the Closing, and in conjunction with the assumption of the liabilities and payment terms detailed on Schedule 1.1b, Buyer will forgive the Sellers balance at closing due to Buyers subsidiary, Telenational Communications, Inc., in its entirety for account # 400240.
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).
The transfer of the Telenational Assets shall be accomplished through a private or public sale by the Agent under Article 9 of the Uniform Commercial Code (the “Article 9 Sale”).
Telenational has all requisite corporate power and authority to (i) execute, deliver and perform its obligations under the Loan Documents, and (ii) execute, deliver and perform its obligations under all other agreements and instruments executed and delivered by it pursuant to or in connection with the Loan Documents.