Ownership of Telecommunications Assets Sample Clauses

Ownership of Telecommunications Assets. Each Credit Party shall take such actions as may be required to ensure that, subject to dispositions permitted under Section 6.8, all Telecommunications Assets owned by Company as of the Closing Date, or acquired by any Credit Party after the Closing Date, shall be owned at all times after the Closing Date by Company other than to the extent they are: (i) owned by a Wholly-Owned Subsidiary of Company if acquired pursuant to a Permitted Acquisition to the extent not commercially practicable to transfer such Telecommunications Assets to Company, or (ii) otherwise subject to a Capital Lease in the form of the Approved Lease Agreement to which the Company is the lessor and Focal Communications Corporation of Illinois is the lessee, or (iii) during the period from the Closing Date to the date falling 150 days thereafter, or the first Credit Extension, if earlier, and without prejudice to other provisions of this clause, transferred to and owned by Equipment Subsidiary, or (iv) Telecommunications Assets purchased by Equipment Subsidiary and to be purchased from it by Company with the proceeds of Loans within 180 days of the original purchase by Equipment Subsidiary provided that if such Telecommunications Assets have not been so purchased within such 180 days, such Telecommunications Assets shall, in any event, be transferred to Company, or (v) assets required by the terms of this Credit Agreement to be owned by Dark Fiber Subsidiary.
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Ownership of Telecommunications Assets. The Borrower will cause, and by its execution of the Supplemental Agreement or Guaranty, as applicable, NCI and NCH, respectively, agree to cause, all Telecommunications Assets of NCI, NCH and their respective Subsidiaries which are contemplated by or material to the Business Plan to be owned by the Borrower and/or its Restricted Subsidiaries.
Sample 1

Related to Ownership of Telecommunications Assets

  • Ownership of Customer Data As between Oracle and Customer, all title and intellectual property rights in and to the Customer Data is owned exclusively by Customer. Customer acknowledges and agrees that in connection with the provision of the Services, Oracle may store and maintain Customer Data for a period of time consistent with Oracle’s standard business processes for the Services. Following expiration or termination of the Agreement or a Customer account, if applicable, Oracle may deactivate the applicable Customer account(s) and delete any data therein. Customer grants Oracle the right to host, use, process, display and transmit Customer Data to provide the Services pursuant to and in accordance with this Agreement and the applicable Estimate/Order Form or SOW. Customer has sole responsibility for the accuracy, quality, integrity, legality, reliability, and appropriateness of Customer Data, and for obtaining all rights related to Customer Data required by Oracle to perform the Services.

  • Ownership of Software The Parties acknowledge that any software provided by the Authority is and remains the property of the Authority.

  • Ownership of Equipment Any equipment purchased by or furnished to the Grantee by the State under this grant agreement is provided on a loan basis only and remains the property of the State.

  • Ownership of Other Entities Other than the subsidiaries of the Company listed in Exhibit 21 to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2018, the Company, directly or indirectly, owns no capital stock or other equity or ownership or proprietary interest in any corporation, partnership, association, trust or other entity.

  • Ownership of Company Property The Company’s assets shall be deemed owned by the Company as an entity, and the Member shall have no ownership interest in such assets or any portion thereof. Title to any or all such Company assets may be held in the name of the Company, one or more nominees or in “street name”, as the Member may determine.

  • Ownership of Technology As between the Parties, each Party shall own and retain all right, title, and interest in and to any and all Inventions and Information that are conceived, discovered, developed, or otherwise made solely by or on behalf of such Party (or its Affiliates or Sublicensees) under or in connection with this Agreement, whether or not patented or patentable, and any and all Patents and other intellectual property rights with respect thereto.

  • Ownership of Software and Related Material All computer programs, magnetic tapes, written procedures, and similar items purchased and/or developed and used by Price Associates in performance of this Agreement shall be the property of Price Associates and will not become the property of the Funds.

  • Company Ownership of Other Entities The Company does not own an interest in any corporation, partnership, limited liability company, joint venture, trust or other entity.

  • Ownership of Proprietary Information Unless otherwise provided by law any reports, histories, studies, tests, manuals, instructions, photographs, negatives, blue prints, plans, maps, data, system designs, computer code (which is intended to be consideration under this Contract), or any other documents or drawings, prepared or in the course of preparation by either party in performance of its obligations under this Contract shall be the joint property of both parties.

  • Ownership of Developments All copyrights, patents, trade secrets, or other intellectual property rights associated with any ideas, concepts, techniques, inventions, processes, or works of authorship developed or created by Executive during the course of performing work for the Company or its clients (collectively, the "Work Product") shall belong exclusively to the Company and shall, to the extent possible, be considered a work made by the Executive for hire for the Company within the meaning of Title 17 of the United States Code. To the extent the Work Product may not be considered work made by the Executive for hire for the Company, the Executive agrees to assign, and automatically assign at the time of creation of the Work Product, without any requirement of further consideration, any right, title, or interest the Executive may have in such Work Product. Upon the request of the Company, the Executive shall take such further actions, including execution and delivery of instruments of conveyance, as may be appropriate to give full and proper effect to such assignment.

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