Common use of Failure to Operate Clause in Contracts

Failure to Operate. (i) any Credit Party shall fail to operate its business for any period of time which, in the aggregate, would reasonably be expected to cause a Material Adverse Effect or (ii) any Substantial Portion shall not, for any reason (including loss of an FCC License or otherwise) be operating for a period in excess of 30 (30) days. For purposes of this Section 10.1(s). “Substantial Portion” means any portion of the telecommunications system of the Credit Parties that has generated, for the most recently completed twelve–month period, in excess of 5% of the gross revenues of the Credit Parties.

Failure to Operate. (i) any Credit Party shall fail to operate its business for any period of time which, in the aggregate, would reasonably be expected to cause a Material Adverse Effect or (ii) any Substantial Portion shall not, for any reason (including loss of an FCC License or otherwise) be operating for a period in excess of 30 thirty (30) days. For purposes of this Section 10.1(s11.1(s). , “Substantial Portion” means any portion of the telecommunications system of the Credit Parties that has generated, for the most recently completed twelve–-month period, in excess of 5% of the gross revenues of the Credit Parties.

Failure to Operate. (i) any Credit Party shall fail to operate its business for any period of time which, in the aggregate, would reasonably be expected to cause a Material Adverse Effect or (ii) any Substantial Portion shall not, for any reason (including loss of an FCC License or otherwise) be operating for a period in excess of 30 (30) days. For purposes of this Section 10.1(s). “Substantial Portion” means any portion of the telecommunications system of the Credit Parties that has generated, for the most recently completed twelve–-month period, in excess of 5% of the gross revenues of the Credit Parties.

Failure to Operate. (i) any Any Credit Party shall fail to operate its business for any period of time which, in the aggregate, would reasonably be expected to cause a Material Adverse Effect or (ii) any Substantial Portion shall not, for any reason (including loss of an FCC License or otherwise) be operating for a period in excess of 30 thirty (30) days. For purposes of this Section 10.1(s). , “Substantial Portion” means any portion of the telecommunications system of the Credit Parties that has generated, for the most recently completed twelve–-month period, in excess of 5% of the gross revenues of the Credit Parties.