Phase 1 implementation. 5. Task 1.1 – Build Out at 12/2/2020 1/6/2021 6. Task 1.2 – 10/23/2020 2/2/2021 7. Task 1.3 – Complete Operational Readiness to Support Core Services 1/15/2021 2/2/2021 8. Cisco Validation 2/2/2021 2/2/2021 Cisco/County
Phase 1 implementation. Promptly following the later of (1) valid delivery of the Phase 1 Notice in accordance with Section 3.2(b)(i) above, (2) the delivery of payment in full to Inmarsat of the Effective Date Shares and the Trigger Shares in accordance with Sections 4.1 and 4.2 below and the First Installment in accordance with Section 4.3(b) below, and (3) satisfaction or fulfillment of all required legal and regulatory conditions and requirements (if any) for the implementation of (A) the Phase 1 Spectrum Plan (in the event a Phase 1 Election has been made) or (B) the Phase 1A Spectrum Plan (in the event a Phase 1A Election has been made), as determined in the reasonable discretion of the MSV Parties based on the advice of counsel (satisfaction or fulfillment of which will be certified to Inmarsat by MSVLP and its counsel) (the “Phase 1 Final Regulatory Approval”) (the “Trigger Date”), and subject to the making of the remaining Phase 1 Compensation installments as provided in Section 4.3, the Parties agree to take all actions necessary to commence the transition of their respective spectrum use rights provided in (A) the Phase 1 Spectrum Plan (in the event a Phase 1 Election has been made) or (B) the Phase 1A Spectrum Plan (in the event a Phase 1A Election has been made), so that the L-band spectrum in ITU Region 2 will be available for the Parties’ respective use in accordance with (A) the Phase 1 Spectrum Plan (in the event a Phase 1 Election has been made) or (B) the Phase 1A Spectrum Plan (in the event a Phase 1A Election has been made) (the “Phase 1 Transition”). Phase 1 Transition shall be completed as soon as practicable after the Trigger Date (consistent with the orderly transition of all the Parties’ respective affected customers and affected services), and in any event shall be completed no later than:
Phase 1 implementation. If the Phase 1 FID is approved by the Joint Venturers in accordance with clause 6.2, the Board will implement the Phase 1 Budget with a goal of commencing commercial production of Phase 1 as soon as technically and economically practicable. The actual annual expenditures and the timing of expenditure for Phase 1 will be as set out in the Phase 1 Budget as prepared by the Manager and approved by the Joint Venturers at the time of making the Phase 1 FID. The Manager will prepare the Phase 1 Budget using the figures set out in the Phase 1 Definitive Feasibility Study updated to reflect changes in scope and costs since the Phase 1 Definitive Feasibility Study was prepared.
