INITIAL FUNDING, EQUIPMENT, SOFTWARE Sample Clauses

INITIAL FUNDING, EQUIPMENT, SOFTWARE. Following its receipt of the Initial Payment, GlobeTel (or its affiliate) shall make a capital contribution of US$50,000,000 (FIFTY MILLION US DOLLARS) either to JVCo or OpCo (in the case of OpCo either directly or via JVCo), such funds to be applied to the operating costs. Provided that RP timely complies with all its obligations hereunder, GlobeTel (or its affiliate) shall transfer or procure the transfer (by way of in-kind capital contribution or in other arrangements (not involving significant expenditure by the JV Entities)) the equipment necessary for the Project to OpCo (either directly or via the JVCo), the deemed value of which equipment together with associated know-how and Intellectual Property, the parties agree (and in no circumstances dispute), is at least US$***), which equipment shall be transferred in connection with the deployment of the network in particular Project Cities. Provided that RP timely complies with all its obligations hereunder, GlobeTel (or an affiliate thereof) shall transfer or procure the transfer (by way of in-kind capital contribution or in other arrangements (not involving significant expenditure by the JV Entities)) the Software necessary for the Project to JVCo, which Software shall then be made available for use by OpCo (in an arrangement not involving significant expenditure by OpCo), the deemed value of which Software together with associated know-how and Intellectual Property, the parties agree (and in no circumstances dispute), is at least US$***). OpCo will enter into customer contracts for use of the network. Costs associated with the operation of the deployed networks will be the responsibility of OpCo as funded by its operations.
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Related to INITIAL FUNDING, EQUIPMENT, SOFTWARE

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  • Licensed Software Section 3.17(f).......................................27

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