Common use of The Separation Clause in Contracts

The Separation. Subject to the terms and conditions of this Agreement, at the Separation Time, U S WEST shall cause the following transactions to occur (collectively, the "SEPARATION"): (a) U S WEST shall, in accordance with the terms of Section 2.4.3 of Article V of the Restated Certificate (as amended by the Charter Amendments), redeem each share of Communications Stock issued and outstanding immediately prior to the Separation Time for one share of New U S WEST Common Stock (the "COMMUNICATIONS REDEMPTION"). Each share of Communications Stock held as treasury stock by U S WEST shall be cancelled.

The Separation. Subject to the terms and conditions of this Agreement, at the Separation Time, U S WEST shall cause the following transactions to occur (collectively, the "SEPARATIONSeparation"): (a) U S WEST shall, in accordance with the terms of Section 2.4.3 of Article V of the Restated Certificate (as amended by the Charter Amendments), redeem each share of Communications Stock issued and outstanding immediately prior to the Separation Time for one share of New U S WEST Common Stock (the "COMMUNICATIONS REDEMPTIONCommunications Redemption"). Each share of Communications Stock held as treasury stock by U S WEST shall be cancelled.