Common use of Transfer of Assets Clause in Contracts

Transfer of Assets. 7.4.1 Wherever required by this Section 7, AT&T-21STATE’s consent shall be conditioned upon receipt of payment for all outstanding charges associated with any assets transferred from or to CLEC, pursuant to this Agreement. 7.4.2 CLEC acknowledges that CLEC may be required to tender additional assurance of payment to AT&T- 21STATE, as a result of any assignment, acquisition or transfer of assets, pursuant to this Agreement, if requested by AT&T-21STATE. 7.4.3 CLEC may not process any LSRs or ASRs, against any acquired assets, until those assets have been transferred to the Company Codes used by CLEC, pursuant to this Agreement. Once transferred, CLEC agrees to assume all responsibilities, liabilities, and obligations pertaining to those assets.

Transfer of Assets. 7.4.1 Wherever required by this Section 7, AT&T-21STATE’s consent shall be conditioned upon receipt of payment for all outstanding charges associated with any assets transferred from or to CLEC, pursuant to this Agreement. 7.4.2 CLEC acknowledges that CLEC may be required to tender additional assurance of payment to AT&T- 21STATE, as a result of any assignment, acquisition or transfer of assets, pursuant to this Agreement, if requested by AT&T-21STATE. 7.4.3 CLEC may not process any LSRs or ASRs, against any acquired assets, until those assets have been transferred to the Company Codes used by CLEC, pursuant to this Agreement. Once transferred, CLEC XXXX agrees to assume all responsibilities, liabilities, and obligations pertaining to those assets.

Transfer of Assets. 7.4.1 Wherever required by this Section 7, AT&T-21STATE’s consent shall be conditioned upon receipt of payment for all outstanding charges associated with any assets transferred from or to CLEC, pursuant to this Agreement. Any charges that are being paid as required pursuant to Section 11.10 are not considered to be outstanding charges for purposes of this Section 7.4.1. 7.4.2 CLEC acknowledges that CLEC may be required to tender additional assurance of payment to AT&T- 21STATE, as a result of any assignment, acquisition or transfer of assets, pursuant to this Agreement, if requested by AT&T-21STATE. 7.4.3 CLEC may not process any LSRs or ASRs, against any acquired assets, until those assets have been transferred to the Company Codes used by CLEC, pursuant to this Agreement. Once transferred, CLEC XXXX agrees to assume all responsibilities, liabilities, and obligations pertaining to those assets.