Common use of Reasonable Scope Clause in Contracts

Reasonable Scope. Each of the Stockholders acknowledges and agrees that the agreements and covenants set forth in Section 6.1 are (a) necessary to protect the legitimate business interests of the Company, (b) reasonable as to time, geographic area and scope of activity and do not impose a greater restraint on the activities of such Stockholder than is reasonably necessary to protect such legitimate business interests of the Company, and (c) reasonable in light of the consideration and other value provided, directly or indirectly, to such Stockholder by the Company pursuant to this Agreement and the Business Combination Agreement. Each of the Stockholders hereby waives any and all rights to contest the validity of the agreements and covenants set forth in Section 6.1 on the ground of the reasonableness of the length of their term or the breadth of their geographic area or scope of activity.

Appears in 4 contracts

Samples: Stockholders’ Agreement (T-Mobile US, Inc.), Stockholders’ Agreement (T-Mobile US, Inc.), Support Agreement (SPRINT Corp)

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Reasonable Scope. Each of the Stockholders The Stockholder acknowledges and agrees that the agreements and covenants set forth in Section 6.1 are (ai) necessary to protect the legitimate business interests of the Company, (bii) reasonable as to time, geographic area and scope of activity and do not impose a greater restraint on the activities of such the Stockholder than is reasonably necessary to protect such legitimate business interests of the Company, and (ciii) reasonable in light of the consideration and other value provided, directly or indirectly, to such the Stockholder by the Company pursuant to this Agreement and the Business Combination Agreement. Each of the Stockholders The Stockholder hereby waives any and all rights to contest the validity of the agreements and covenants set forth in Section 6.1 on the ground of the reasonableness of the length of their term or the breadth of their geographic area or scope of activity.

Appears in 2 contracts

Samples: ’s Agreement (T-Mobile US, Inc.), Business Combination Agreement (Metropcs Communications Inc)

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