Communications Assets definition

Communications Assets. With respect to an Affected Facility, the business operations conducted by Tenant and Tenant’s Subsidiaries at such Affected Facility (including the license to operate as an incumbent local exchange carrier in the local exchange area where the Affected Facility is located, the Electronics and such other equipment owned by Tenant (or any of Tenant’s Subsidiaries) located in the local exchange area and used in the operation of the Affected Facility (but excluding Shared Corporate Assets), any customer relationships that are served by the Affected Facility that Tenant or Tenant’s Subsidiaries can no longer support as a result of the expiration or termination of the Term as to such Affected Facility (for the purposes of determining whether the Tenant can support a customer, Tenant will not be able to meet this standard by entering into an interconnection agreement with the Successor Tenant pursuant to which the Tenant obtains wholesale access that allows Tenant to re-sell the Affected Facility to a customer), all Tenant’s Property relating to the Affected Facility, all TCI ILEC Extensions, and any TCI CLEC Extensions to the Affected Facility that Tenant elects to include as part of the Communication Assets to be sold to a Successor Tenant under Article XXXVI, and, if requested by the Successor Tenant, required by an applicable collective bargaining agreement or required by applicable law, all employees that are primarily dedicated to the support, maintenance or operation of the Affected Facility). For the avoidance of doubt, in no event shall Communications Assets include TCI Replacements or any Long Haul TCI.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Communications Assets. – shall mean all assets located at the Communications Center or all assets provisioned to emergency personnel by OF-FH COMM for use in providing communication services.

Communications Assets means, in each case to the extent existing and owned or held immediately prior to the Separation Time by ▇▇▇▇▇▇▇ or any of its Subsidiaries, all of ▇▇▇▇▇▇▇’▇ and its Subsidiaries’ respective right, title and interest in, to and under the following Assets, but in each case excluding the Excluded Assets:

Examples of Communications Assets in a sentence

• Concurrently with the transfer of the Communications Assets to Successor Tenant, Landlord and Successor Tenant shall execute a new master lease in accordance with the terms set forth in Section 36.2(a).

• Administrative Agent shall have the right to select the highest Qualified Communications Assets Bid on behalf of Tenant solely under the circumstances and pursuant to the terms expressly set forth in Section 36.2(c)(ii) of the Lease.

• All assets held in trust to fund the AT&T Benefit Plans and all insurance policies funding the AT&T Benefit Plans shall be AT&T Communications Assets (as defined in the Separation and Distribution Agreement), except to the extent specifically provided otherwise in this Agreement.

• Except as set forth on Schedule 5.7, neither ---------------- Network nor Mobile owns, nor do the Crown Communications Assets include, directly or indirectly, any capital stock of or other equity interests in any corporation, partnership, limited liability company, limited liability partnership or other Person and neither Network, Mobile nor Crown Communications is a member of or participant in any partnership, joint venture, limited liability company, limited liability partnership or similar Person.

• If a Tenant Capital Improvement constitutes an Extension of the Distribution Systems to a New Geographic Area where Tenant or its Subsidiaries are licensed as a competitive local 5555 exchange carrier (each a “TCI CLEC Extension”), then Tenant shall receive fair value for such TCI CLEC Extension by having such TCI CLEC Extension included as part of the Communications Assets sold under Article XXXVI.

• For the avoidance of doubt, Reuters shall not be under any obligation to repair or replace any Communications Assets in any circumstances.

• The Communications Assets are in sufficient condition and repair (normal wear and tear excepted), are suitable for the purposes for which they are currently used and are not in need of maintenance or repairs except for ordinary routine maintenance and repairs.

• Therefore, Landlord and Tenant agree that in such circumstances, Tenant will retain the entire customer relationship unless the revenue generated by the customer relationship is predominately derived from services provided to customer locations directly served by an Affected CLEC Facility, in which case the entire customer relationship will be included as part of the Communications Assets to be sold to a Successor Tenant under this Article XXXVI.

• The El Paso Subsidiaries have good and marketable title to the Communications Assets, free and clear of all Encumbrances, except for Permitted Encumbrances.

• If a Tenant Capital Improvement constitutes an Extension of the Distribution Systems to a New Geographic Area where Tenant or its Subsidiaries are licensed as an incumbent local exchange carrier (each a “TCI ILEC Extension”), then Tenant 5656 shall receive fair value for such TCI ILEC Extension by having such TCI ILEC Extension included as part of the Communications Assets sold under Article XXXVI.

More Definitions of Communications Assets

Communications Assets. With respect to any Facility: (a) the business operations conducted by Tenant and Tenant's Subsidiaries at such Facility, including the license to operate as an incumbent local exchange carrier in the local exchange area where the Facility is located, the Electronics and such other equipment owned by Tenant (or any of Tenant's Subsidiaries) located in the local exchange area and used in the operation of the Facility (but excluding Shared Corporate Assets); (b) any customer relationships that are served by the Facility that Tenant or Tenant's Subsidiaries can no longer support as a result of the expiration or termination of the Term; provided that for the purposes of determining whether the Tenant can support a customer, Tenant will not be able to meet this standard by entering into an interconnection agreement with the Successor Tenant pursuant to which the Tenant obtains wholesale access that allows Tenant to serve such customer through the Facility; (c) all of Tenant's Property relating to the Facility (but excluding Shared Corporate Assets); and (d) if requested by the Successor Tenant, required by an applicable collective bargaining agreement, or required by applicable law, all employees that are primarily dedicated to the support, maintenance or operation of the Facility).

Communications Assets means the telecommunications and IT related assets (but excluding, for the avoidance of doubt, software) owned by or leased or licensed to, Reuters or a member of the Reuters Group over which services provided under the Previous NSA were provided to the Reuters Group and its customers during the Standard Period;

Communications Assets has the meaning set forth in Section 1.05(a).