AGREEMENTS REGARDING PAGING INTERESTS Clause Samples

AGREEMENTS REGARDING PAGING INTERESTS. (a) The parties acknowledge and agree that certain operating telephone and cellular companies and other entities that are subsidiaries or affiliates of TDS (other than API and subsidiaries of API) have FCC licenses to engage in radio paging services (collectively, "Paging Services") to certain areas as set forth on Exhibit B (the "Non-API Paging Interests"). With respect to the Non-API Paging Interests, the parties further acknowledge and agree that: (1) the Non-API Paging Interests have previously been offered for sale to API and API has decided not to acquire the Non-API Paging Interests; and (2) consequently, TDS and such subsidiaries and affiliates will retain all of the Non-API Paging Interests as their own property. (b) The parties acknowledge and agree that TDS and subsidiaries of TDS (other than API and subsidiaries of API) may, in the future, (1) obtain FCC licenses to engage in Paging Services or (2) acquire control of entities that have or obtain FCC licenses to engage in Paging Services or have interests in other entities that provide Paging Services, in exchange for all or some of the Non-API Paging Interests or otherwise (collectively, the "Future Paging Interests"). The parties further acknowledge and agree that all such Future Paging Interests that are ancillary to and integrated with other communications systems shall be retained by TDS and such subsidiaries as their own property and the balance of such Future Paging Interests (the "Eligible Future Paging Interests") shall be subject to Section 4.02.