Common use of Termination Right of Sistema Clause in Contracts

Termination Right of Sistema. Sistema may terminate this Agreement by giving a written notice to TMO in the event that TMO and/or Smaragd have breached any representation, warranty, or covenant contained in this Agreement in any material respect, and the breach, if capable of remedy, has continued without being remedied for a period of 30 (thirty) days after receipt of written notice of such breach from Sistema.

Appears in 3 contracts

Samples: www.sec.gov, Ish Unwind Agreement (Mobile Telesystems Ojsc), Ish Unwind Agreement (Deutsche Telekom Ag)

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Termination Right of Sistema. Sistema may terminate this Agreement by giving a written notice to TMO in the event that (i) TMO and/or Smaragd have has breached any representation, warranty, or covenant contained in this Agreement in any material respect, and the breach, if capable of remedy, has continued without being remedied for a period of 30 (thirty) days after receipt service on TMO of written a notice of such breach from Sistema, or (ii) the MTS Shares, which are the subject of a Five Percent Offering or a Ten Percent Offering are sold or otherwise disposed of in any manner other than by means of a Public Offering.

Appears in 1 contract

Samples: Shareholders’ Agreement (Mobile Telesystems Ojsc)

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