Discontinued Facilities Clause Samples
The 'Discontinued Facilities' clause defines the treatment of credit facilities or financial arrangements that are no longer available or have been terminated. In practice, this clause outlines the rights and obligations of the parties regarding any outstanding amounts, repayments, or the handling of collateral related to such discontinued facilities. It may also specify notification requirements or procedures for winding down the facility. The core function of this clause is to ensure clarity and proper management of obligations when a facility is discontinued, thereby reducing the risk of disputes or misunderstandings between the parties.
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Discontinued Facilities.
1.6.1.1 Frontier may cease offering or providing Onvoy with access on an unbundled basis at rates prescribed under Section 251 of the Act to any facility that is or becomes a Discontinued Facility, whether as a stand-alone UNE, as part of a Combination, or otherwise. To the extent Frontier has not already ceased offering or providing unbundled access to a particular Discontinued Facility that is a Discontinued Facility as of the Effective Date, Frontier may cease offering or providing unbundled access to such Discontinued Facility immediately upon the Effective Date without further notice to Onvoy. Subject to Section 1.7 below, if a facility on or at any time after the Effective Date is or becomes a Discontinued Facility, Frontier, to the extent it has not already ceased providing unbundled access to such Discontinued Facility, and provided it has given at least ninety (90) days written notice of discontinuance in cases where it has not already ceased providing such access, will continue to provide unbundled access to such Discontinued Facility under the Agreement only through the effective date of the notice of discontinuance, and not beyond that date.
1.6.1.2 Where Frontier is permitted to cease providing a Discontinued Facility pursuant to Section 1.6.1 above and Onvoy has not submitted an LSR or ASR, as appropriate, to Frontier requesting disconnection of the Discontinued Facility and has not separately secured from Frontier an alternative arrangement to replace the Discontinued Facility, then Frontier, to the extent it has not already done so, may disconnect the subject Discontinued Facility without further notice to Onvoy. In lieu of disconnecting the subject Discontinued Facility in the foregoing circumstances, Frontier, in its sole discretion, may elect to: (a) convert the subject Discontinued Facility to an arrangement available under a Frontier access tariff (in which case month-to-month rates shall apply unless a different rate applies under an applicable special access term/volume plan or other special access tariff arrangement in which Onvoy is then enrolled), a resale arrangement, or other analogous arrangement that Frontier shall identify or has identified in writing to Onvoy, or (b) in lieu of such a conversion, reprice the subject Discontinued Facility by application of a new rate (or, in Frontier's sole discretion, by application of a surcharge to an existing rate) to be equivalent to an arrangement available under a Frontier access tar...
Discontinued Facilities. Notwithstanding any other provision of the Agreement, but subject to and without limiting Section 4.4, below, this Amendment, or any Verizon tariff (subject to any tariff provisions expressly incorporated by reference into the Agreement), but subject to the transition requirements associated with the TRRO, as set forth in Sections 3.4, 3.5, and 3.7 below, Verizon may, effective as of July 14, 2005 and without further notice to RNK, cease offering or providing access on an unbundled basis at rates prescribed under Section 251 of the Act to any facility that is a Discontinued Facility, whether as a stand-alone UNE, as part of a Combination, or otherwise.
Discontinued Facilities.
1.6.1.1 Frontier may cease offering or providing ADSC with access on an unbundled basis at rates prescribed under Section 251 of the Act to any facility that is or becomes a Discontinued Facility, whether as a stand-alone UNE, as part of a Combination, or otherwise. To the extent Frontier has not already ceased offering or providing unbundled access to a particular Discontinued Facility that is a Discontinued Facility as of the Effective Date, Frontier may cease offering or providing unbundled access to such Discontinued Facility immediately upon the Effective Date without further notice to ADSC. If a facility on or at any time after the Effective Date is or becomes a Discontinued Facility, Frontier, to the extent it has not already ceased providing unbundled access to such Discontinued Facility, and provided it has given at least ninety
Discontinued Facilities. Notwithstanding any other provision of the Agreement, this Amendment, or any Verizon tariff, but subject to the transition requirements associated with the TRRO as set forth in Sections 3.4, 3.5, 3.6 and 3.7 below, Verizon may, to the extent that it has not already done so pursuant to a pre-existing or independent right it may have under the Agreement, without further notice, guidelines or conditions, cease offering or providing access on an unbundled basis at rates prescribed under Section 251 of the Act to any facility that is or becomes a Discontinued Facility, whether as a stand-alone UNE, as part of a Combination, or otherwise.
2.4.1 Where Verizon is permitted to cease providing a Discontinued Facility pursuant to Section 2.4 above and ALEC has not submitted an LSR or ASR, as appropriate, to Verizon requesting disconnection of the Discontinued Facility and has not separately secured from Verizon an alternative arrangement to replace the Discontinued Facility, then Verizon, to the extent it has not already done so prior to execution of this Amendment and in its sole discretion, may elect to: (a) convert the subject Discontinued Facility to an arrangement available under a Verizon access tariff (i.e., month-to-mont h rate provided under an applicable access tariff, unless ALEC is then subscribed to an applicable special access term/volume plan or other special access tariff arrangement, pursuant to which ALEC would be entitled to a different rate), or other alternative wholesale arrangement that Verizon shall identify or has identified in writing to ALEC, or (b) in lieu of such a conversion, reprice the subject Discontinued Facility by application of a new rate (or, in Verizon's sole discretion, by application of a surcharge to an existing rate) to be equivalent to an arrangement available under a Verizon access tariff (i.e., month-to-month rate provided under an applicable access tariff, unless ALEC is then subscribed to an applicable special access term/volume plan or other special access tariff arrangement, pursuant to which ALEC would be entitled to a different rate), or another alternative wholesale service arrangement that Verizon shall identify or has identified in writing to ALEC.
2.4.2 With respect to facilities that are Discontinued Facilities by operation of the TRO, the rates, terms, and conditions of any arrangements described in Section 2.4.1 above shall apply and be binding upon ALEC as of the Amendment Effective Date, except to the exten...
Discontinued Facilities to&1.1 Verizon may cease offering or providing MSI with access on an unbundled basis at rates prescribed under Section 251 of the Act to any facility that is or becomes a Discontinued Facility, whether as a stand-alone UNE, as part of a Combination, or otherwise° To the extent Verizon has not already ceased offering or providing unbundled access to a particular Discontinued Facility that is a Discontinued Facility as of the Effective Date, Verizon may cease offering or providing unbundled access to such Discontinued Facility immediately upon the Effective Date without further notice to MSI. Subject to Section 1.7 below, if a facility on or at any time after the Effective Date is or becomes a Discontinued Facility, Verizon, to the extent it has not already ceased providing unbundled access to such Discontinued Facility, and provided it has given at least ninety (90) days written notice of discontinuance in cases where it has not already ceased providing such access, will continue to provide unbundled access to such Discontinued Facility under the Agreement only through the effective date of the notice of discontinuance, and not beyond that date.
Discontinued Facilities. Notwithstanding any other provision of the Agreement, [but subject to and without limiting Section 4.
Discontinued Facilities. Prior to the Closing, Seller Parties shall cause the Company and any of its Subsidiaries to distribute (directly or indirectly) to Seller the three currently unused facilities (land and building) set forth on Schedule F (the “Discontinued Facilities”).
Discontinued Facilities