Service Telecom Assignment Sample Clauses

Service Telecom Assignment. 4.4.1 The Parties have agreed that on or prior to 31 December 2022 the Sellers may enter into the assignment agreement with the Company in the Agreed Form (the “Service Telecom Assignment Agreement”) pursuant to which the Sellers shall assign their rights to receive the total amount of the Service Telecom Receivable to the Company at a consideration equal to RUB [*] ([*] rubles, which shall be reduced to RUB [*] ([*] rubles) on Closing (the “Assignment Consideration”) and which shall be paid or satisfied by the Company in accordance with clause 4.4.2. 4.4.2 The Sellers and the Buyer acknowledge and agree that the Assignment Consideration shall be paid by the Company to the Seller 1. The Assignment Consideration shall be paid in cash (the “Assignment Consideration in Cash”) by the Company to the Seller 1 at the Closing Date in immediately available funds to the Seller 1’s Account or satisfied by way of a set-off 23 23 of #NUM_PAGES# DOCPROPERTY cpHeaderText against the respective amount of the outstanding ▇▇▇▇ Debt Consideration and/or the Excess Amount (or the respective part thereof) in accordance with the Consideration Set-Off Agreement (the “Assignment Consideration Set-Off”). 4.4.3 The obligation of the Company to pay the Assignment Consideration in Cash in accordance with clause 4.4.2 shall be deemed discharged from the date the entire amount of the Assignment Consideration in Cash is credited to the Seller 1’s Bank Account.