Common use of TELECENTIAL PARTNERSHIPS Clause in Contracts

TELECENTIAL PARTNERSHIPS. The Borrower shall procure that, unless all of the partners of the Telecential Partnerships are wholly-owned members of the UK Group and are subject to an Encumbrance pursuant to the security documents under the Senior Bank Credit Agreement: 18.16.1 the aggregate of (a) the amount of any loans made by any member of the UK Group to either of the Telecential Partnerships after the Execution Date, (b) the book value of any assets contributed by either CableTel Limited or CableTel Investments Limited to either of the Telecential Partnerships after the Execution Date and (c) any cash contributed by either CableTel Limited or CableTel Investments Limited to either of the Telecential Partnerships after the Execution Date does not exceed L25,000,000; and 18.16.2 any such loan, asset contribution or cash contribution made by any members of the UK Group within such a L25,000,000 threshold is only made to the extent 72 74 and in the manner required by the partnership agreements relating to the Telecential Partnerships, together with a loan, asset contribution or cash contribution by the minority partner in the relevant Telecential Partnership (and funded by the minority shareholder in such a minority partner).

TELECENTIAL PARTNERSHIPS. The Borrower shall procure thatParent shall, unless all of the partners of the Telecential Partnerships are wholly-owned members of the UK Group and are subject to an Encumbrance pursuant to the security documents under the Senior Bank Credit AgreementSecurity Documents: 18.16.1 19.29.1 procure that the aggregate of (a) the amount of any loans made by any member members of the UK Group to either of the Telecential Partnerships after the Execution Date, (b) the book value of any assets contributed by either CableTel Limited or CableTel Investments Limited to either of the Telecential Partnerships after the Execution Date and (c) any cash contributed by either CableTel Limited or CableTel Investments Limited to either of the Telecential Partnerships after the Execution Date does not exceed L25,000,000; and 18.16.2 19.29.2 use its reasonable endeavours to procure that any such loan, asset contribution or cash contribution made by any members of the UK Group within such a -98- 102 L25,000,000 threshold is only made followed, to the extent 72 74 and in the manner required by the partnership agreements relating to the Telecential PartnershipsPartnerships (as such may be amended from time to time), together with by a loan, asset contribution or cash contribution by the minority partner in the relevant Telecential Partnership (and funded by the minority shareholder in such a minority partner).