Common use of Funding Shortfall Events Clause in Contracts

Funding Shortfall Events. If the MRC for the Services is lowered under Section 24(f), the “urban rate” is increased, there is a USAC or FCC funding shortfall, Customer has not received an FCL or FCDL committing the full amount of the Customer’s funding request, or there is a material delay in funding (individually or collectively, a “Funding Shortfall Event”) Alaska Communications may, upon 30 days’ written notice to Customer, terminate some or all of the Services. Customer acknowledges that Alaska Communications has no obligation to provide Service under this Agreement during any period in which there is a Funding Shortfall Event. In lieu of termination, Alaska Communications may permit Customer to pay the amounts arising from a Funding Shortfall Event.

Appears in 4 contracts

Samples: Alaska Communications Services Agreement, Alaska Communications Services Agreement, Alaska Communications Services Agreement

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