Assumption Requirements definition

Assumption Requirements means, with respect to any assignment by Tower Operator or T-Mobile Collocator of this Agreement (the “assigning party”), that (i) the applicable assignee has creditworthiness, or a guarantor with creditworthiness, reasonably sufficient to perform the obligations of the assigning party under this Agreement or that the assigning party remains liable for such obligations notwithstanding such assignment and (ii) the assignee assumes and agrees to perform all of the obligations of the assigning party hereunder.
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Assumption Requirements means, with respect to any assignment by Tower Operator, that (i) the applicable assignee has creditworthiness, or a guarantor with creditworthiness, reasonably sufficient to perform the obligations of the assigning party under this Agreement or that the assigning party remains liable for such obligations notwithstanding such assignment, (ii) the applicable assignee is not a Verizon Restricted Party or an affiliate of a Verizon Restricted Party, (iii) the applicable assignee is of good reputation and is one of the top four managers of tower assets in the United States of America, as ranked by numbers of communications towers under management and (iv) the assignee assumes and agrees to perform all of the obligations of the assigning party hereunder.
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Assumption Requirements means, with respect to any assignment by Tower Operator or T-Mobile Collocator of this Agreement (the "assigning party"), that (i) the applicable assignee has creditworthiness, or a guarantor with creditworthiness, reasonably sufficient to perform the obligations of the assigning party under this Agreement or that the assigning party remains liable for such obligations notwithstanding such assignment and (ii) the assignee assumes and agrees to perform all of the obligations of the assigning party hereunder.
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Examples of Assumption Requirements in a sentence

  • The Company has effected a Major Transaction without paying the Major Transaction Redemption Price to the Holder pursuant to Section 10(d) or, if the Holder did not elect a Redemption Upon Major Transaction, the Company has failed to meet the Assumption Requirements of Section 10(b) prior to effecting a Major Transaction.

  • The HUD Loan Assumption Documents shall have been executed and delivered by Lender and Seller and all other HUD Loan Assumption Requirements shall have been obtained.

  • The Assumption Requirements Letter will identify the conditions required for a given stage.

  • If Buyer exercises the CPB Loan Assumption Option, Buyer shall have obtained, on terms and conditions satisfactory to Buyer in its sole and absolute discretion (subject, however, to Seller’s approval of the terms and conditions of Seller’s Assumption Requirements, in the exercise of Seller’s sole discretion), a CPB Assumption Approval Statement prior to the expiration of the Due Diligence Period.

  • Once all Assumption Requirements have been met, Development Services prepares the Council Assumption By-law Memo to be executed by an authorised Manger and the City Engineer and submits the memo to the Clerks Department to be placed on the next available agenda for Council approval.

  • The Company or Allora, as applicable, has effected a Major Transaction without paying the Major Transaction Redemption Price to the Holder pursuant to Section 10(d) or, if the Holder did not elect a Redemption Upon Major Transaction, the Company has failed to meet the Assumption Requirements of Section 10(b) prior to effecting a Major Transaction.

  • The Owner’s Professional Engineer shall submit a complete Assumption Requirements package containing all required documentation together with a cover letter clearly referencing and responding to each item identified in the Assumption Requirements Letter.

  • Section 11.4 Assumptions 11.4.1. Assumption Requirements.....................................

  • Prior to such sale, Tower Owner shall provide prior written notice thereof to NT Collocator and shall provide to NT Collocator documentation reasonably required by NT Collocator to demonstrate that assignee meets the Assumption Requirements.

  • The Company has effected a Major Transaction without paying the Major Transaction Warrant Redemption Price to the Holder pursuant to Section 5(c)(iii) or, if the Holder did not elect a Redemption Upon Major Transaction, the Company has failed to meet the Assumption Requirements of Section 5(c)(iii) prior to effecting a Major Transaction.


More Definitions of Assumption Requirements

Assumption Requirements means, with respect to an assignment by Tower Owner in connection with the sale of assets or equity of the Tower Owner, that (i) the applicable assignee is a tower company that is experienced (or is a company that has a retained a management team that is experienced) in the management of five hundred (500) or more communications towers, (ii) the applicable assignee has creditworthiness, reasonably sufficient to perform the obligations of the assigning party under this MLA and the applicable SLA(s) or that the assigning party remains liable for such obligations notwithstanding such assignment, and (iii) the assignee assumes and agrees to perform all of the obligations of the assigning party hereunder.
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Assumption Requirements means, with respect to an assignment by Tower Operator, that (i) the applicable assignee has creditworthiness, reasonably sufficient to perform the obligations of the assigning party under this MLA and the applicable SLA(s) or that the assigning party remains liable for such obligations notwithstanding such assignment, and (ii) the assignee assumes and agrees to perform all of the obligations of the assigning party hereunder.
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Assumption Requirements has the meaning set forth in Section 25.
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