OPTIONAL NON-ASSUMPTION OF NORTHERN TELECOM DEBT Sample Clauses

OPTIONAL NON-ASSUMPTION OF NORTHERN TELECOM DEBT. If Buyer, on or before the Closing Date, elects not to assume the Northern Telecom Debt, it shall give written notice of such election to Seller prior to the Closing Date, and the Purchase Price (defined in Section 4.1 below) shall be increased by an amount equal to the amount necessary to fully pay off and discharge all outstanding interest which accrued on or after October 1, 1996 on the Northern Telecom Debt and any prepayment penalties or similar charges with respect to the Northern Telecom Debt.
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