Common use of Wireless Assets Clause in Contracts

Wireless Assets. The Company and its Subsidiaries shall not make any disposition of any direct or indirect ownership interest in or assets comprising any tower or wireless system or part thereof or cell site or any other local service or access system (including any shares of capital stock of any Subsidiary holding any such interest) or other investment (other than cash equivalents) or material business enterprise or operation (except for the replacement or upgrade of assets, or disposition of redundant assets, in each case in the ordinary course and consistent with past practice), except sales of individual assets (other than inventory) in the ordinary course and consistent with past practice not exceeding, in the aggregate, $1,000,000;

Appears in 3 contracts

Samples: Agreement and Plan of Merger (At&t Corp), Amended and Restated Agreement and Plan of Merger (Vanguard Cellular Systems Inc), Amended and Restated Agreement and Plan of Merger (At&t Corp)

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Wireless Assets. The Company and its Subsidiaries shall not make any disposition of any direct or indirect ownership interest in or assets comprising any tower or wireless system or part thereof or cell site or any other local service or access system (including any shares of capital stock of any Subsidiary holding any such interest) or other investment (other than cash equivalents) or material business enterprise or operation (except for the replacement or upgrade of assets, or disposition of redundant assets, in each case in the ordinary course and consistent with past practice), except sales of 30 individual assets (other than inventory) in the ordinary course and consistent with past practice not exceeding, in the aggregate, $1,000,000;

Appears in 1 contract

Samples: Agreement and Plan of Merger (Vanguard Cellular Systems Inc)

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