Loss of Mobile Licence Sample Clauses

Loss of Mobile Licence. (i) Any Mobile Licence is suspended, lost, revoked, terminated or ceases to be effective, as a result of which the Borrower or any Subsidiary of the Borrower would cease to hold or have the benefit of such Mobile Licence for a period of more than 90 days, and by the end of such 90-day period such Mobile Licence has not been re-issued, replaced or reinstated with any member of the Group. (ii) Notwithstanding paragraph (a)(i) above, there will be no Event of Default if: (A) the revenues from the services rendered under the Mobile Licence referred to in said paragraph (a)(i) (after giving effect to the 90-day grace period referred to in said paragraph (a)(i)) accounted for less than 35% of the Borrower’s revenues on a consolidated basis during the 12 Months ended at the latest reported calendar quarter; or (B) during the period when any Facility A Loan is outstanding, the revenues from the services rendered under the Mobile Licence referred to in said paragraph (a)(i) (after giving effect to the 90-day grace period referred to in said paragraph (a)(i)) accounted for less than 20% of the Borrower’s revenues on a consolidated basis during the 12 Months ended at the latest reported calendar quarter, provided that the loss, revocation, termination or ceasing to be effective of any GTI Licence shall not be taken into account when determining whether the 20% threshold has been breached. For the avoidance of doubt, the Borrower and any Subsidiary of the Borrower shall be deemed to have the benefit of a Mobile Licence if, notwithstanding any Licence Event with respect to such Mobile Licence, the relevant member of the Group or any other member of the Group is permitted to continue to render the services rendered pursuant to such Mobile Licence prior to such Licence Event. (b) Any Mobile Licence is amended, or any conditions are imposed with respect to any Mobile Licence, and (i) such amendments or conditions stay in effect for a period of more than 90 days; and (ii) assuming that all such amendments and conditions with respect to each such Mobile Licence had been in effect for the entire 12-Month period ended at the latest reported calendar quarter, the consolidated revenues of the Borrower for such period would have decreased by at least 35%. (c) If, during the period when any Facility A Loan is outstanding, any Mobile Licence is amended, or any conditions are imposed with respect to any Mobile Licence, and (i) such amendments or conditions stay in effect for a peri...
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Related to Loss of Mobile Licence

  • Selection of Subcontractors, Procurement of Materials and Leasing of Equipment The contractor shall not discriminate on the grounds of race, color, religion, sex, national origin, age or disability in the selection and retention of subcontractors, including procurement of materials and leases of equipment. The contractor shall take all necessary and reasonable steps to ensure nondiscrimination in the administration of this contract. a. The contractor shall notify all potential subcontractors and suppliers and lessors of their EEO obligations under this contract. b. The contractor will use good faith efforts to ensure subcontractor compliance with their EEO obligations.

  • Comprehensive Automobile Liability Insurance for coverage of owned and non-owned and hired vehicles, trailers or semi-trailers designed for travel on public roads, with a minimum, combined single limit of One Million Dollars ($1,000,000) per occurrence for bodily injury, including death, and property damage.

  • Commercial Automobile Liability Where the services to be provided under this Contract involve or require the use of any type of vehicle by Contractor, Contractor shall provide comprehensive business or commercial automobile liability coverage, including non-owned and hired automobile liability, in the amount of $1,000,000.00.

  • Commercial Automobile Liability Insurance During the term of this Contract, Supplier will maintain insurance covering all owned, hired, and non-owned automobiles in limits of liability not less than indicated below. The coverage must be subject to terms no less broad than ISO Business Auto Coverage Form CA 0001 (2010 edition or newer), or equivalent. Minimum Limits: $1,000,000 each accident, combined single limit

  • Comprehensive Automobile Liability Insurance for coverage of owned and non-owned and hired vehicles, trailers or semi-trailers licensed for travel on public roads, with a minimum combined single limit of One Million Dollars ($1,000,000) each occurrence for bodily injury, including death, and property damage.

  • Insurance, Subcontractor's Public Liability and Property Damage The Contractor shall require each of its subcontractors to secure and maintain during the life of the subcontract, insurance of the type specified in this Contract, or, the Contractor may insure the activities of its subcontractors in the Contractor’s policy, as specified in this Contract.

  • The Commercial General Liability Insurance, Comprehensive Automobile Liability Insurance and Excess Public Liability Insurance policies, if written on a Claims First Made Basis, shall be maintained in full force and effect for two (2) years after termination of this LGIA, which coverage may be in the form of tail coverage or extended reporting period coverage if agreed by the Parties.

  • Contractor Intellectual Property Contractor shall retain all right, title and interest in and to any work, ideas, inventions, discoveries, tools, methodology, computer programs, processes and improvements and any other intellectual property, tangible or intangible, that has been created by Contractor prior to entering into this Contract (“Contractor Intellectual Property”). Should the State require a license for the use of Contractor Intellectual Property in connection with the development or use of the items that Contractor is required to deliver to the State under this Contract, including Work Product (“Deliverables”), the Contractor shall grant the State a royalty-free license for such development and use. For the avoidance of doubt, Work Product shall not be deemed to include Contractor Intellectual Property, provided the State shall be granted an irrevocable, perpetual, non-exclusive royalty-free license to use any such Contractor Intellectual Property that is incorporated into Work Product.

  • Commercial Automobile Insurance If the Grantee’s duties include the use of a commercial vehicle, the Grantee shall maintain automobile liability, bodily injury, and property damage coverage. Insuring clauses for both bodily injury and property damage shall provide coverage on an occurrence basis. The Department, its employees, and officers shall be named as an additional insured on any automobile insurance policy. The minimum limits shall be as follows: $200,000/300,000 Automobile Liability for Company-Owned Vehicles, if applicable $200,000/300,000 Hired and Non-owned Automobile Liability Coverage

  • Third Party Contractors Tenant shall obtain and deliver to Landlord, Third Party Contractor’s certificates of insurance and applicable endorsements at least seven (7) business days prior to the commencement of work in or about the Premises by any vendor or any other third-party contractor (collectively, a “Third Party Contractor”). All such insurance shall (a) name Landlord as an additional insured under such party’s liability policies as required by Section 10.3.1 above and this Section 10.6, (b) provide a waiver of subrogation in favor of Landlord under such Third Party Contractor’s commercial general liability insurance, (c) be primary and any insurance carried by Landlord shall be excess and non-contributing, and (d) comply with Landlord’s minimum insurance requirements.

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