Common use of Condition of Systems Clause in Contracts

Condition of Systems. All of the material properties, equipment and systems owned, leased or managed by each Restricted Company are, and (to the best knowledge of the Restricted Companies) all such material property, equipment and systems to be acquired or added in connection with any contemplated system expansion or construction will be, in good repair, working order and condition and are and will be in compliance with all terms and conditions of the FCC Licenses and all standards or rules imposed by any Governmental Authority (including the FCC or any PUC) or as imposed under any agreements with telephone companies and customers, except for any such failure to be in good repair, working order or condition, and any such non-compliance, that could not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (Nextel Communications Inc), Guarantee and Security Agreement (Nextel Communications Inc)

AutoNDA by SimpleDocs

Condition of Systems. All of the material properties, equipment and systems owned, leased or managed by each Restricted Company are, and (to the best knowledge of the Restricted Companies) all such material property, equipment and systems to be acquired or added in connection with any contemplated system expansion or construction will be, in good repair, working order and condition and are and will be in Vendor Financing Agreement compliance with all terms and conditions of the FCC Licenses and all standards or rules imposed by any Governmental Authority (including the FCC or any PUC) or as imposed under any agreements with telephone companies and customers, except for any such failure to be in good repair, working order or condition, and any such non-compliance, that could not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect.

Appears in 1 contract

Samples: Guarantee and Security Agreement (Nextel Communications Inc)

AutoNDA by SimpleDocs

Condition of Systems. All of the material properties, equipment and systems owned, leased or managed by each Restricted Company are, and (to the best knowledge of the Restricted Companies) all such material property, equipment and systems to be acquired or added in connection with any contemplated system expansion or construction will be, in good repair, working order and condition and are and will be in compliance with all terms and conditions of the FCC Licenses and all standards or rules imposed by any Governmental Authority (including the FCC or any PUC) or as imposed under any agreements with telephone companies and customers, except for any such failure to be in good repair, working order or condition, and any such non-compliance, that could not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect.. Credit Agreement

Appears in 1 contract

Samples: Guarantee and Security Agreement (Nextel Communications Inc)

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