Common use of Loss of Licence Clause in Contracts

Loss of Licence. (a) Any action results in the suspension for more than 30 days or the loss, revocation or termination of any of: (i) the Borrower’s GSM 900 or 1800 licences for the Moscow licence area, the St. Petersburg licence area or the Krasnodar licence area; or (ii) UMC’s GSM 900 or 1800 licences for the Ukraine licence area, except where, within 30 days of any such event, the relevant licence is re-issued on substantially the same terms to any member of the Group and during the period falling before such re-issuance there is no material interruption to, or other material adverse effect on, the operations permitted by such licence as a direct result of such prior loss, revocation or termination. (b) Any of the Borrower’s or UMC’s GSM 900 or 1800 licences are amended (or any conditions are imposed with respect to any such licence) in a manner that, in the reasonable opinion of the Lender, has or is reasonably likely to have a Material Adverse Effect. (c) Any of the Borrower’s or UMC’s assigned spectrum allocations are reassigned to other users (other than a Significant Subsidiary of the Borrower), cancelled or otherwise lost, and such event, in the reasonable opinion of the Lender, has or is reasonably likely to have a Material Adverse Effect. (d) The Borrower sells, leases or otherwise transfers any of its GSM 900 or 1800 licences for the Moscow, St. Petersburg or Krasnodar licence areas. (e) Any of the Borrower’s GSM 900 or 1800 licences (other than its GSM 900 and 1800 licences for the Moscow, St. Petersburg or Krasnodar licence areas) is sold, leased or transferred to any person that is not (directly or indirectly) a wholly-owned Subsidiary of the Borrower. (i) Any of the GSM 900 or 1800 licences of UMC is sold, leased or transferred to any person that is not (directly or indirectly) a wholly-owned Subsidiary of the Borrower. (ii) Sub-clause (i) above does not apply to the transfer of the GSM 900 or 1800 licences of UMC pursuant to the UMC Litigation (provided that this sub-clause (ii) shall not in any way prejudice the rights of the Lender under Clause 21.18 (UMC Litigation)).

Loss of Licence. (a) Any action results in the suspension for more than 30 days or the loss, revocation or termination of any of: (i) the BorrowerParent’s GSM 900 or 1800 licences for the Moscow licence area, ; (ii) the Parent’s GSM 900 or 1800 licences for the St. Petersburg licence area area; (iii) the Parent’s GSM 900 or 1800 licences for the Krasnodar licence area; or (iiiv) UMC’s GSM 900 or 1800 licences for the Ukraine licence area, except where, within 30 days of any such event, the relevant licence is re-issued on substantially the same terms to any member of the Group and during the period falling before such re-issuance there is no material interruption to, or other material adverse effect on, the operations permitted by such licence as a direct result of such prior loss, revocation or termination. (b) Any of the BorrowerParent’s or UMC’s GSM 900 or 1800 licences are amended (or any conditions are imposed with respect to any such licence) in a manner that, in the reasonable opinion of the LenderMajority Lenders, has or is reasonably likely to have a Material Adverse Effect. (c) Any of the BorrowerParent’s or UMC’s assigned spectrum allocations are reassigned to other users (other than a Significant Subsidiary of the Borrower), cancelled or otherwise lost, and such event, in the reasonable opinion of the LenderMajority Lenders, has or is reasonably likely to have a Material Adverse Effect. (d) The Borrower Parent sells, leases or otherwise transfers any of its GSM 900 or 1800 licences for the Moscow, St. Petersburg or Krasnodar Moscow licence areasarea. (e) Any of the BorrowerParent’s GSM 900 or 1800 licences (other than its GSM 900 and 1800 licences for the Moscow, St. Petersburg or Krasnodar Moscow licence areasarea) is sold, leased or transferred to any person that is not (directly or indirectly) a wholly-owned Subsidiary of the BorrowerParent. (i) Any of the GSM 900 or 1800 licences of UMC is sold, leased or transferred to any person that is not (directly or indirectly) a wholly-owned Subsidiary of the BorrowerParent. (ii) Sub-clause (i) above does not apply to the transfer of the GSM 900 or 1800 licences of UMC pursuant to the UMC Litigation (provided that this sub-clause (ii) shall not in any way prejudice the rights of the Lender Finance Parties under Clause 21.18 (UMC Litigation)).

Loss of Licence. (a) Any action results in the suspension for more than 30 days or the loss, revocation or termination of any of: (i) the Borrower’s GSM 900 or 1800 licences for the Moscow licence area, the St. St.Petersburg licence area or and the Krasnodar licence area; or (ii) UMC’s GSM 900 or 1800 licences for the Ukraine licence area, except where, within 30 days of any such event, the relevant licence is re-issued on substantially the same terms to any member of the Group and during the period falling before such re-issuance there is no material interruption to, or other material adverse effect on, the operations permitted by such licence license as a direct result of such prior loss, revocation or termination. (b) Any of the Borrower’s or UMC’s GSM 900 or 1800 licences are amended (or any conditions are imposed with respect to any such licence) in a manner that, in the reasonable opinion of the LenderMajority Lenders, has or is reasonably likely to have a Material Adverse Effect. (c) Any of the Borrower’s or UMC’s assigned spectrum allocations are reassigned to other users (other than a Significant Subsidiary of the Borrower), cancelled or otherwise lost, and such event, in the reasonable opinion of the LenderMajority Lenders, has or is reasonably likely to have a Material Adverse Effect. (d) The Borrower sells, leases or otherwise transfers any of its GSM 900 or 1800 licences for the Moscow, St. St.Petersburg or Krasnodar licence areas. (e) Any of the Borrower’s GSM 900 or 1800 licences (other than its GSM 900 and 1800 licences for the Moscow, St. St.Petersburg or Krasnodar licence areas) is sold, leased or transferred to any person that is not (directly or indirectly) a wholly-owned Subsidiary of the Borrower. (i) Any of the GSM 900 or 1800 licences of UMC is sold, leased or transferred to any person that is not (directly or indirectly) a wholly-owned Subsidiary of the Borrower. (ii) Sub-clause (i) above does not apply to the transfer of the GSM 900 or 1800 licences of UMC pursuant to the UMC Litigation (provided that this sub-clause (ii) shall not in any way prejudice the rights of the Lender Finance Parties under Clause 21.18 (UMC Litigation)).

Loss of Licence. (a) Any action results in the suspension for more than 30 days or the loss, revocation or termination of any of: (i) the Borrower’s GSM 900 or 1800 licences for the Moscow licence area, the St. St.Petersburg licence area or the Krasnodar licence area; (ii) the Borrower’s 3G licence for the Russian Federation licence area; or (iiiii) UMC’s GSM 900 or 1800 licences for the Ukraine licence area, except where, within 30 days of any such event, the relevant licence is re-issued on substantially the same terms to any member of the Group (a “Licensed Group Member”) and during the period falling before such re-issuance there is no material interruption to, or other material adverse effect on, the operations permitted by such licence as a direct result of such prior loss, revocation or termination. (b) Any of the Borrower’s, UMC’s or UMCa Licensed Group Member’s GSM 900 900, 1800 or 1800 3G licences are amended (or any conditions are imposed with respect to any such licence) in a manner that, in the reasonable opinion of the LenderMajority Lenders, has or is reasonably likely to have a Material Adverse Effect. (c) Any of the Borrower’s or UMC’s assigned spectrum allocations are reassigned to other users (other than a Significant Subsidiary of the Borrower), cancelled or otherwise lost, and such event, in the reasonable opinion of the LenderMajority Lenders, has or is reasonably likely to have a Material Adverse Effect. (d) The Borrower sells, leases or otherwise transfers any of its GSM 900 or 1800 licences for the Moscow, St. St.Petersburg or Krasnodar licence areasareas or 3G licence for the Russian Federation licence area. (e) Any of the Borrower’s GSM 900 or 1800 licences (other than its GSM 900 and 1800 licences for the Moscow, St. St.Petersburg or Krasnodar licence areas) is sold, leased or transferred to any person that is not (directly or indirectly) a wholly-owned Subsidiary of the Borrower or subsequently ceases to be (directly or indirectly) a wholly-owned Subsidiary of the Borrower. (i) Any of the GSM 900 or 1800 licences of UMC a Licensed Group Member is sold, leased or transferred to any person that is not (directly or indirectly) a wholly-owned Subsidiary of the Borrower or subsequently ceases to be (directly or indirectly) a wholly-owned Subsidiary of the Borrower. (ii) Sub-clause (i) above does not apply to the transfer of the GSM 900 or 1800 licences of UMC pursuant to the UMC Litigation (provided that this sub-clause (ii) shall not in any way prejudice the rights of the Lender Finance Parties under Clause 21.18 (UMC Litigation)).

Loss of Licence. (a) Any action results in the suspension for more than 30 days or the loss, revocation or termination of any of: (i) the Borrower’s GSM 900 or 1800 licences for the Moscow licence area, the St. Petersburg licence area or the Krasnodar licence area; or (ii) UMCMTS-Ukraine’s GSM 900 or 1800 licences for the Ukraine licence area, ; or (iii) MTS-Uzbekistan’s GSM 900 or 1800 licences for the Uzbekistan licence area. except where, within 30 days of any such event, the relevant licence is re-issued on substantially the same terms to any member of the Group and during the period falling before such re-issuance there is no material interruption to, or other material adverse effect on, the operations permitted by such licence as a direct result of such prior loss, revocation or termination. (b) Any of the Borrower’s, MTS-Ukraine’s or UMCMTS-Uzbekistan’s GSM 900 or 1800 licences are amended (or any conditions are imposed with respect to any such licence) in a manner that, in the reasonable opinion of the Lender, has or is reasonably likely to have a Material Adverse Effect. (c) Any of the Borrower’s, MTS-Ukraine’s or UMCMTS-Uzbekistan’s assigned spectrum allocations are reassigned to other users (other than a Significant Subsidiary of the Borrower), cancelled or otherwise lost, and such event, in the reasonable opinion of the Lender, has or is reasonably likely to have a Material Adverse Effect. (d) The Borrower sells, leases or otherwise transfers any of its GSM 900 or 1800 licences for the Moscow, St. Petersburg or Krasnodar licence areas. (e) Any of the Borrower’s GSM 900 or 1800 licences (other than its GSM 900 and 1800 licences for the Moscow, St. Petersburg or Krasnodar licence areas) is sold, leased or transferred to any person that is not (directly or indirectly) a wholly-owned Subsidiary of the Borrower. (i) Any of the GSM 900 or 1800 licences of UMC MTS-Ukraine is sold, leased or transferred to any person that is not (directly or indirectly) a wholly-owned Subsidiary of the Borrower. (ii) Sub-clause (i) above does not apply to the transfer of the GSM 900 or 1800 licences of UMC MTS-Ukraine pursuant to the UMC MTS-Ukraine Litigation (provided that this sub-clause (ii) shall not in any way prejudice the rights of the Lender under Clause 21.18 20.19 (UMC MTS-Ukraine Litigation)). (g) Any of the GSM 900 or 1800 licences of MTS-Uzbekistan is sold, leased or transferred to any person that is not (directly or indirectly) a wholly-owned Subsidiary of the Borrower.

Loss of Licence. (a) Any action results in the suspension for more than 30 days or the loss, revocation or termination of any of: (i) the Borrower’s GSM 900 or 1800 licences for the Moscow licence area, ; (ii) Telecom XXI’s GSM 900 or 1800 licences for the St. Petersburg licence area area; (iii) Kuban GSM’s GSM 900 or 1800 licences for the Krasnodar licence area; or (iiiv) UMC’s GSM 900 or 1800 licences for the Ukraine licence area, except where, within 30 days of any such event, the relevant licence is re-issued on substantially the same terms to any member of the Group and during the period falling before such re-issuance there is no material interruption to, or other material adverse effect on, the operations permitted by such licence as a direct result of such prior loss, revocation or termination. (b) Any of the Borrower’s, Telecom XXI’s, Kuban GSM’s or UMC’s GSM 900 or 1800 licences are amended (or any conditions are imposed with respect to any such licence) in a manner that, in the reasonable opinion of the Lender, has or is reasonably likely to have a Material Adverse Effect. (c) Any of the Borrower’s, Telecom XXI’s, Kuban GSM’s or UMC’s assigned spectrum allocations are reassigned to other users (other than a Significant Subsidiary of the Borrower), cancelled or otherwise lost, and such event, in the reasonable opinion of the Lender, has or is reasonably likely to have a Material Adverse Effect. (d) The Borrower sells, leases or otherwise transfers any of its GSM 900 or 1800 licences for the Moscow, St. Petersburg or Krasnodar Moscow licence areasarea. (e) Any of the Borrower’s GSM 900 or 1800 licences (other than its GSM 900 and 1800 licences for the Moscow, St. Petersburg or Krasnodar Moscow licence areasarea) is sold, leased or transferred to any person that is not (directly or indirectly) a wholly-owned Subsidiary of the Borrower. (i) Any of the GSM 900 or 1800 licences of Telecom XXI, Kuban GSM or UMC is sold, leased or transferred to any person that is not (directly or indirectly) a wholly-owned Subsidiary of the Borrower. (ii) Sub-clause (i) above does not apply to the transfer of the GSM 900 or 1800 licences of UMC pursuant to the UMC Litigation (provided that this sub-clause (ii) shall not in any way prejudice the rights of the Lender under Clause 21.18 (UMC Litigation)).

Loss of Licence. (a) Any action results in the suspension for more than 30 days or the loss, revocation or termination of any of: (i) the BorrowerParent’s GSM 900 or 1800 licences for the Moscow licence area, ; (ii) the Parent’s GSM 900 or 1800 licences for the St. Petersburg licence area area; (iii) the Parent’s GSM 900 or 1800 licences for the Krasnodar licence area; or (iiiv) UMCthe Borrower’s GSM 900 or 1800 licences for the Ukraine licence area, except where, within 30 days of any such event, the relevant licence is re-issued on substantially the same terms to any member of the Group and during the period falling before such re-issuance there is no material interruption to, or other material adverse effect on, the operations permitted by such licence as a direct result of such prior loss, revocation or termination. (b) Any of the BorrowerParent’s or UMCthe Borrower’s GSM 900 or 1800 licences are amended (or any conditions are imposed with respect to any such licence) in a manner that, in the reasonable opinion of the LenderMajority Lenders, has or is reasonably likely to have a Material Adverse Effect. (c) Any of the BorrowerParent’s or UMCthe Borrower’s assigned spectrum allocations are reassigned to other users (other than a Significant Subsidiary of the BorrowerParent), cancelled or otherwise lost, and such event, in the reasonable opinion of the LenderMajority Lenders, has or is reasonably likely to have a Material Adverse Effect. (d) The Borrower Parent sells, leases or otherwise transfers any of its GSM 900 or 1800 licences for the Moscow, St. Petersburg or Krasnodar Moscow licence areasarea. (e) Any of the BorrowerParent’s GSM 900 or 1800 licences (other than its GSM 900 and 1800 licences for the Moscow, St. Petersburg or Krasnodar Moscow licence areasarea) is sold, leased or transferred to any person that is not (directly or indirectly) a wholly-owned Subsidiary of the BorrowerParent. (i) Any of the GSM 900 or 1800 licences of UMC the Borrower is sold, leased or transferred to any person that is not (directly or indirectly) a wholly-owned Subsidiary of the BorrowerParent. (ii) Sub-clause (i) above does not apply to the transfer of the GSM 900 or 1800 licences of UMC the Borrower pursuant to the UMC Borrower Litigation (provided that this sub-clause (ii) shall not in any way prejudice the rights of the Lender Finance Parties under Clause 21.18 21.19 (UMC Borrower Litigation)).

Loss of Licence. (a) Any action results in the suspension for more than 30 days or the loss, revocation or termination of any of: (i) the Borrower’s GSM 900 or 1800 licences for the Moscow licence area, ; (ii) Telecom XXI’s GSM 900 or 1800 licences for the St. Petersburg licence area area; (iii) Kuban GSM’s GSM 900 or 1800 licences for the Krasnodar licence area; or (iiiv) UMC’s GSM 900 or 1800 licences for the Ukraine licence area, except where, within 30 days of any such event, the relevant licence is re-issued on substantially the same terms to any member of the Group and during the period falling before such re-issuance there is no material interruption to, or other material adverse effect on, the operations permitted by such licence as a direct result of such prior loss, revocation or termination. (b) Any of the Borrower’s, Telecom XXI’s, Kuban GSM’s or UMC’s GSM 900 or 1800 licences are amended (or any conditions are imposed with respect to any such licence) in a manner that, in the reasonable opinion of the LenderMajority Lenders, has or is reasonably likely to have a Material Adverse Effect. (c) Any of the Borrower’s, Telecom XXI’s, Kuban GSM’s or UMC’s assigned spectrum allocations are reassigned to other users (other than a Significant Subsidiary of the Borrower), cancelled or otherwise lost, and such event, in the reasonable opinion of the LenderMajority Lenders, has or is reasonably likely to have a Material Adverse Effect. (d) The Borrower sells, leases or otherwise transfers any of its GSM 900 or 1800 licences for the Moscow, St. Petersburg or Krasnodar Moscow licence areasarea. (e) Any of the Borrower’s GSM 900 or 1800 licences (other than its GSM 900 and 1800 licences for the Moscow, St. Petersburg or Krasnodar Moscow licence areasarea) is sold, leased or transferred to any person that is not (directly or indirectly) a wholly-owned Subsidiary of the Borrower. (i) Any of the GSM 900 or 1800 licences of Telecom XXI, Kuban GSM or UMC is sold, leased or transferred to any person that is not (directly or indirectly) a wholly-owned Subsidiary of the Borrower. (ii) Sub-clause (i) above does not apply to the transfer of the GSM 900 or 1800 licences of UMC pursuant to the UMC Litigation (provided that this sub-clause (ii) shall not in any way prejudice the rights of the Lender Finance Parties under Clause 21.18 (UMC Litigation)).

Loss of Licence. (a) Any action results in the suspension for more than 30 days or the loss, revocation or termination of any of: (i) the Borrower’s 's GSM 900 or 1800 licences for the Moscow licence area, ; (ii) Telecom XXI's GSM 900 or 1800 licences for the St. Petersburg licence area area; (iii) Kuban GSM's GSM 900 or 1800 licences for the Krasnodar licence area; or (iiiv) UMC’s 's GSM 900 or 1800 licences for the Ukraine licence area, except where, within 30 days of any such event, the relevant licence is re-issued on substantially the same terms to any member of the Group and during the period falling before such re-issuance there is no material interruption to, or other material adverse effect on, the operations permitted by such licence as a direct result of such prior loss, revocation or termination. (b) Any of the Borrower’s 's, Telecom XXI's, Kuban GSM's or UMC’s 's GSM 900 or 1800 licences are amended (or any conditions are imposed with respect to any such licence) in a manner that, in the reasonable opinion of the LenderMajority Lenders, has or is reasonably likely to have a Material Adverse Effect. (c) Any of the Borrower’s 's, Telecom XXI's, Kuban GSM's or UMC’s 's assigned spectrum allocations are reassigned to other users (other than a Significant Subsidiary of the Borrower), cancelled or otherwise lost, and such event, in the reasonable opinion of the LenderMajority Lenders, has or is reasonably likely to have a Material Adverse Effect. (d) The Borrower sells, leases or otherwise transfers any of its GSM 900 or 1800 licences for the Moscow, St. Petersburg or Krasnodar Moscow licence areasarea. (e) Any of the Borrower’s 's GSM 900 or 1800 licences (other than its GSM 900 and 1800 licences for the Moscow, St. Petersburg or Krasnodar Moscow licence areasarea) is sold, leased or transferred to any person that is not (directly or indirectly) a wholly-owned Subsidiary of the Borrower. (i) Any of the GSM 900 or 1800 licences of Telecom XXI, Kuban GSM or UMC is sold, leased or transferred to any person that is not (directly or indirectly) a wholly-owned Subsidiary of the Borrower. (ii) Sub-clause (i) above does not apply to the transfer of the GSM 900 or 1800 licences of UMC pursuant to the UMC Litigation (provided that this sub-clause (ii) shall not in any way prejudice the rights of the Lender Finance Parties under Clause 21.18 (UMC Litigation)).