Common use of Assumed Debt Option Clause in Contracts

Assumed Debt Option. In satisfaction of all or a portion of the Phase II Option, Vodafone, at its election, shall have the right to require Wireless to participate in a transaction described in this Section 5.3(d) (the “Assumed Debt Option”). Vodafone shall indicate in any Monetization Notice with respect to the Phase II Option, the portion of the Monetization Amount which it elects to receive pursuant to the Assumed Debt Option (the “Deferral Amount”). The aggregate amount covered by the Phase II Option that Vodafone may elect to receive pursuant to the Assumed Debt Option shall not exceed $7.5 billion, which amount may be allocated among one or more exercises of the Phase II Option.

Appears in 2 contracts

Samples: Investment Agreement (Verizon Wireless Capital LLC), Partnership Agreement (Verizon Wireless Capital LLC)

AutoNDA by SimpleDocs

Assumed Debt Option. In satisfaction of all or a portion of the Phase II Option, Vodafone, at its election, shall have the right to require Wireless to participate in a transaction described in this Section 5.3(d) (the "Assumed Debt Option"). Vodafone shall indicate in any Monetization Notice with respect to the Phase II Option, the portion of the Monetization Amount which it elects to receive pursuant to the Assumed Debt Option (the "Deferral Amount"). The aggregate amount covered by the Phase II Option that Vodafone may elect to receive pursuant to the Assumed Debt Option shall not exceed $7.5 billion, which amount may be allocated among one or more exercises of the Phase II Option.

Appears in 1 contract

Samples: Investment Agreement (Verizon Wireless Inc)

AutoNDA by SimpleDocs

Assumed Debt Option. In satisfaction of all or a portion of the Phase ------------------- II Option, Vodafone, at its election, shall have the right to require Wireless to participate in a transaction described in this Section 5.3(d) (the "Assumed Debt Option"). Vodafone shall indicate in any Monetization Notice with respect to the Phase II Option, the portion of the Monetization Amount which it elects to receive pursuant to the Assumed Debt Option (the "Deferral Amount"). The aggregate amount covered by the Phase II Option that Vodafone may elect to receive pursuant to the Assumed Debt Option shall not exceed $7.5 billion, which amount may be allocated among one or more exercises of the Phase II Option.

Appears in 1 contract

Samples: Investment Agreement (Bell Atlantic Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.