Examples of Rights of Use in a sentence
Deloitte & Touche has informed McLeodUSA that they have a different interpretation than Arthur Andersen with respect to accounting standards applicable to revenue recognition on certain Indefeasible Rights of Use ("IRU") transactions completed by McLeodUSA during 2001.
By way of example, if an IXC were willing to pay a premium for Rights of Use that included a guarantee of no blocking, Sprint Parent would be required to pay that premium in order for it to exercise its rights under this Section 2(b)(i) to obtain that guarantee on no less favorable terms, notwithstanding that it would then be paying more for its Rights of Use than the other IXCs that did not have such guarantee or than any other IXC if such guarantee could not be made available to more than one Person.
Rights of Use (ROU) and lease agreements (cont’d) The anticipated annual payments for the active ROU as of December 31, 2008 are: Convenience translation into US Dollars (Note 2)NIS US$2009 44,402 11,679 2010 40,968 10,775 2011 32,029 8,424 2012 26,723 7,029 2013 and thereafter 14,922 3,925 159,044 41,832 In addition, under the terms of the ROU agreements the Company is committed to pay annual maintenance fees during the usage period of a total of approximately NIS 24.5 million per year.
Comcast Parent will notify Sprint Parent immediately of any agreement that may be reached for Rights of Use that would be subject to the preceding sentence.
The Company has signed long-term agreements with two other Israeli long distance carriers, to purchase indefeasible Rights of Use (ROU) for international fiber optic lines until the year 2017, with an option to extend the agreements for an additional five year period.