Examples of FON Group in a sentence
A statement setting forth the FON Group Intergroup Interest Fraction as of the record date for any dividend or distribution on the PCS Stock, as of the end of each fiscal quarter of the Corporation and as of any date otherwise required under these Articles of Incorporation or by the Board of Directors shall be filed by the Secretary of the Corporation in the records of the Board of Directors of the Corporation not later than fifteen Business Days after such date.
As of November 23, 1998, the outstanding shares of Preferred Stock- First Series, Preferred Stock-Second Series, and Preferred Stock- Fifth Series shall be attributed entirely to the Sprint FON Group.
Dividends on FON Stock may be declared and paid only out of the lesser of (i) the funds of Sprint legally available therefor and (ii) the FON Group Available Dividend Amount.
Transfers of assets from the PCS Group to the FON Group may not be treated as creating an Intergroup Interest of the PCS Group in the FON Group, but may be treated as a reduction of any existing Intergroup Interest of the FON Group in the PCS Group in accordance with Paragraph (B) of the definition of "Number Of Shares Issuable With Respect To The FON Group Intergroup Interest" in ARTICLE SIXTH, Section 10, but not below zero.
Loans from Sprint or any member of the FON Group or any member of any Other Group to any member of the PCS Group shall be made at interest rates and on other terms and conditions substantially equivalent to the interest rates and other terms and conditions that the PCS Group would be able to obtain from third parties (including the public markets) as a direct or indirect wholly-owned subsidiary of Sprint, but without the benefit of any guaranty by Sprint or any member of the FON Group.
The PCS Group shall be permitted to acquire private line capacity from the FON Group to self-provision long distance services to the extent that such self-provisioning can be accomplished on terms more favorable to the PCS Group, and shall be at the best price offered by the FON Group to third parties in similar situations, when taking into account all relevant factors.
Transfers of assets from the FON Group to the PCS Group that are designated by the Sprint Board, consistent with other provisions of this policy, to be treated as an equity contribution by the FON Group to the PCS Group shall result in an increase in the Intergroup Interest of the Sprint FON Group in the Sprint PCS Group in accordance with paragraph (C) of the definition of "Number Of Shares Issuable With Respect To The FON Group Intergroup Interest" in ARTICLE SIXTH, Section 10.
As of November 23, 1998, the outstanding shares of Preferred Stock- First Series and Preferred Stock-Second Series shall be attributed entirely to the Sprint FON Group.
Federal and state income taxes determined on a consolidated, combined, or unitary basis shall be allocated, and resulting tax sharing payments shall be made, between the FON Group and the PCS Group in accordance with the Tax Sharing Agreement.
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