Service Obligation. The Awardee shall provide the broadband service described in the RUS approved Application commencing from the date the Project is Substantially Complete for at least as long as the Composite Economic Life of the facilities financed by the Award as specified on Schedule 1. The Awardee may update its service offerings upon receipt of RUS' prior written consent.
Appears in 3 contracts
Samples: Loan/Grant and Security Agreement (General Communication Inc), Loan/Grant and Security Agreement (General Communication Inc), Loan/Grant and Security Agreement (Gci Inc)
Service Obligation. The Awardee shall provide the level of broadband service described in the RUS approved Application commencing from the date of Project Completion until the Project is Substantially Complete for at least as long as longer of (i) the Composite Economic Life of the facilities financed by the Award as specified on Schedule 11 or (ii) as long as the Note(s) is outstanding. The Awardee may update its service offerings upon receipt acknowledges that given the significant amount of RUS' prior written consentgovernment contribution to the Project in the form of a grant, the Service Obligation is a significant portion of the public benefit of the Award, and that a material breach of the Service Obligation shall be an Event of Default.
Appears in 2 contracts
Samples: Loan/Grant and Security Agreement, Grant and Security Agreement
Service Obligation. The Awardee shall provide the broadband service described in the RUS approved Application commencing from the date of Project Completion until the Project is Substantially Complete for at least as long as end of the Composite Economic Life of the facilities financed by the Award as specified on Schedule 1. The Awardee may update its service offerings upon receipt of RUS' prior written consent.
Appears in 1 contract
Samples: Grant and Security Agreement
Service Obligation. The Awardee shall provide the broadband service described in the RUS approved Application commencing from the date the Project is Substantially Complete for at least as long as until the longer of (i) the Composite Economic Life of the facilities financed by the Award as specified on Schedule 1. The Awardee may update its service offerings upon receipt of RUS' prior written consent1 or (ii) as long as the Note(s) is outstanding.
Appears in 1 contract
Samples: Broadband Initiatives Program Loan/Grant and Security Agreement
