Common use of Waiver of Compliance with Clause in Contracts

Waiver of Compliance with. Certain Provisions of the Indenture in Connection With the Clearnet Transfer. Subject to Section 3.01 hereof, compliance by the Company with Section 10.9 of the Indenture (including clause (iv) of the first paragraph thereof), to the extent that such Section would apply to limit the ability of the Company to transfer all of the capital stock of Clearnet that is held directly by the Company on the date hereof to McCaw International, Ltd. ("MIL"), a wholly owned Unrestrictxx Xubsidiary of the Company, or to any direct or indirect wholly owned subsidiary of MIL that is designated by MIL as the intended recipient of such equity interest in Clearnet, is hereby waived. As a result of such waiver, any such transfer shall not be deemed a Restricted Payment under Section 10.9 of the Indenture.

Appears in 1 contract

Samples: Nextel Communications Inc

AutoNDA by SimpleDocs

Waiver of Compliance with. Certain Provisions of the Indenture in Connection With the Clearnet Transfer. Subject to Section 3.01 hereof, compliance by the Company with Section 10.9 1009 of the Indenture (including clause (iv) of the first paragraph thereof), to the extent that such Section would apply to limit the ability of the Company to transfer all of the capital stock of Clearnet that is held directly by the Company on the date hereof to McCaw International, Ltd. ("MIL"), a wholly owned Unrestrictxx Xubsidiary Unrestricted Xxxxidiary of the Company, or to any direct or indirect wholly owned subsidiary of MIL that is designated by MIL as the intended recipient of such equity interest in Clearnet, is hereby waived. As a result of such waiver, any such transfer shall not be deemed a Restricted Payment under Section 10.9 1009 of the Indenture.

Appears in 1 contract

Samples: Nextel Communications Inc

Waiver of Compliance with. Certain Provisions of the Indenture in Connection With the Clearnet Transfer. Subject to Section 3.01 hereof, compliance by the Company with Section 10.9 1010 of the Indenture (including clause (iv) of the first paragraph thereof), to the extent that such Section would apply to limit the ability of the Company to transfer all of the capital stock of Clearnet that is held directly by the Company on the date hereof to McCaw International, Ltd. ("MIL"), a wholly owned Unrestrictxx Xubsidiary Unrestrictex Xxxsidiary of the Company, or to any direct or indirect wholly owned subsidiary of MIL that is designated by MIL as the intended recipient of such equity interest in Clearnet, is hereby waived. As a result of such waiver, any such transfer shall not be deemed a Restricted Payment under Section 10.9 1010 of the Indenture.

Appears in 1 contract

Samples: Nextel Communications Inc

AutoNDA by SimpleDocs

Waiver of Compliance with. Certain Provisions of the Indenture in Connection With the Clearnet Transfer. Subject to Section 3.01 hereof, compliance by the Company with Section 10.9 1010 of the Indenture (including clause (iv) of the first paragraph thereof), to the extent that such Section would apply to limit the ability of the Company to transfer all of the capital stock of Clearnet that is held directly by the Company on the date hereof to McCaw International, Ltd. ("MIL"), a wholly owned Unrestrictxx Xubsidiary Unrestricted Xxxxxdiary of the Company, or to any direct or indirect wholly owned subsidiary of MIL that is designated by MIL as the intended recipient of such equity interest in Clearnet, is hereby waived. As a result of such waiver, any such transfer shall not be deemed a Restricted Payment under Section 10.9 1010 of the Indenture.

Appears in 1 contract

Samples: Nextel Communications Inc

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!