Universal Service Administrative Company definition

Universal Service Administrative Company means the independent, not-for-profit corporation designated by the FCC as the administrator of the Universal Service Fund created pursuant to Section 254 of the U.S. Communications Act.
Universal Service Administrative Company or “USAC” means an independent, not- for-profit corporation designated by the Federal Communications Commission (FCC) as the administrator of universal service. USAC works to protect the integrity of universal service through informing and educating program audiences, collecting and distributing contributions, and promoting program compliance.
Universal Service Administrative Company means an independent, not-for-profit corporation designated by the Federal Communications Commission as the administrator of the universal service fund.

Examples of Universal Service Administrative Company in a sentence

  • Funding is made available upon application approval by the Schools and Libraries Division (SLD) of the Universal Service Administrative Company (USAC), which was established by the Act.


More Definitions of Universal Service Administrative Company

Universal Service Administrative Company means the independent, not-for-profit corporation designated by the FCC as the administrator of the Universal Service Fund created pursuant to Section 254 of the U.S. Communications Act. “Universal Service Fund” means the Universal Service Fund created pursuant to Section 254 of the U.S. Communications Act or any similar fund established under federal, state or local law or regulation. “Unrestricted Cash” means the aggregate amount of cash and Cash Equivalents of the Parent Guarantor and its Restricted Subsidiaries to the extent that (a) the use of such cash for application to fund working capital of the Parent Guarantor or the applicable Restricted Subsidiaries is not prohibited by law or any contract or other agreement, (b) such cash and Cash Equivalents are free and clear of all Liens (other than Liens in favor of the Administrative Agent and/or the Existing Agent, non-consensual Liens, statutory liens in favor of banks or Governmental Authorities (including for netting or set-off rights), Standard Permitted Liens and Liens permitted by Section 7.03(b) or (g)) and (c) such cash and Cash Equivalents would not be listed as “restricted” on the balance sheet of the Parent Guarantor in accordance with GAAP. “Unrestricted Subsidiary” means a direct or indirect Subsidiary of the Parent Guarantor designated as an Unrestricted Subsidiary prior to the Closing Date and set forth on Schedule 7.05; provided, that in no event may the Parent Guarantor or the Borrower be designated as an Unrestricted Subsidiary; provided, further, that no additional subsidiary may be designated as an Unrestricted Subsidiary on or following the Closing Date. “U.K. Entity” means each Non-U.S. Subsidiary incorporated in England and Wales or Scotland or whose centre of main interests (within the meaning of the European Insolvency Regulation) is in England and Wales or Scotland (as applicable) as at the date hereof. “U.K. Secured Parties” means the “Secured Parties” and each “Secured Party” under and as defined in each U.K. Security Agreement. “U.K. Security Agreements” means the Non-U.S. Security Agreements governed by the laws of England and Wales or (as applicable) the laws of Scotland. “U.K. Security Documents” means the U.K. Security Agreements, each Additional Security Document governed by the laws of England and Wales or (as applicable) the laws of Scotland and any document governed by English law or (as applicable) Scots law pursuant to which any Lien is granted or perfected by any ...
Universal Service Administrative Company means the independent, not-for-profit corporation designated by the FCC as the administrator of the Universal Service Fund created pursuant to Section 254 of the U.S. Communications Act. “Universal Service Fund” means the Universal Service Fund created pursuant to Section 254 of the U.S. Communications Act or any similar fund established under federal, state or local law or regulation. “Unpaid Drawing” means, with respect to any Letter of Credit, the aggregate Dollar Amount of the draws made on such Letter of Credit that have not been reimbursed by the U.S. Borrower or the applicable LC Obligor or converted to a Revolving Loan pursuant to Section 2.05(f)(i), and, in each case, all interest that accrues thereon pursuant to this Agreement. “Unrestricted Subsidiary” means (a) a direct or indirect Subsidiary of the U.S. Borrower designated as an Unrestricted Subsidiary pursuant to Section 6.13; provided that in no event may any Borrower be designated as an Unrestricted Subsidiary, or (b) any Special Purpose Receivables Subsidiary; provided that any such Special Purpose Receivables Subsidiary of the U.S. Borrower that is an Unrestricted Subsidiary

Related to Universal Service Administrative Company

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