Joint Ventures and Designated Entities Sample Clauses

Joint Ventures and Designated Entities. Cricket may from time to time directly or indirectly invest in an entity that Cricket directly or indirectly owns (and continues to own) more than [***] percent ([***]%) of the equity interests entitled to vote for the election or appointment of the board of directors, managers or other governing body of such entity and such entity exclusively offers Cricket or Cricket-Affiliated branded services (each, a “Related Entity”). Vendor agrees, at Cricket’s request, to promptly enter into negotiations and agreements with each Related Entity for the provision of the types of equipment, software and services sold/licensed hereunder to such Related Entity [***] provided that, such Related Entity: (i) is not a direct or indirect competitor of Vendor; (ii) has not materially breached past agreements with Vendor or its Affiliates; (iii) is not otherwise engaged with Vendor or its Affiliates in an agreement for the purchase, license and/or supply of Vendor products or services; (iv) is purchasing the Vendor products for use in its own business operations and not for resale, except for similar resale exceptions as described herein; and (v) satisfies Vendor’s then-current credit criteria that is generally applicable to similar customers of Vendor. Vendor acknowledges and agrees that neither Cricket nor any Company guarantees the payment or performance of, or is in any way responsible or liable for, any obligations of any Related Entities under any such agreements.

Joint Ventures and Designated Entities. Any Company may from time to time invest in or provide management services to joint ventures and other third parties that hold licenses from the FCC or that are engaged in the build-out or operation of wireless systems (such third parties, including other entities that qualify as a “Designated Entity,” “Entrepreneur,” Small Business” or “Very Small Business” under FCC Rules, being “Related Entities”). Vendor agrees, at Cricket’s request, to promptly enter into one or more agreements with each Related Entity for the provision of equipment, software and services to such Related Entity on substantially the same terms and conditions as set forth in this Agreement. However, Vendor reserves the right to make a reasonable business evaluation of such Related Entities credit standing and to insure that the Related Entity is not a manufacturer of telecommunications equipment, competing against Vendor in the same markets, prior to entering into such agreements, provided, however, that in the event a Related Entity does not meet the credit standing requirements established by Vendor, then each such Related Entity will be entitled to deposit with Vendor a sum equal to [***], and Vendor will then promptly enter into an agreement with such Related Entity on substantially the same terms and conditions as set forth in this Agreement.