Grantor System definition

Grantor System shall have the meaning set forth in the Recitals.
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Grantor System means that portion of the Cable, Fiber Optic Route, associated equipment and structures within Grantor’s telecommunications system required for or related to operation of the Fibers.
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Grantor System shall have the meaning set forth in the Recitals. 1.29 "Grantor Termination Point" shall have the meaning set forth in Section 2.02. 1.30 "Hotel" shall mean a building in which points of presence of interexchange carriers are found. 1.31 "Impositions" shall mean all taxes, fees, levies, imposed duties charges or withholdings of any nature (including without limitation gross receipts, taxes and franchise, license and permit fees), together with any penalties, fines or interest thereon arising out of the transactions contemplated by this Agreement and/or imposed upon the Grantor System, or any part thereof, by any Governmental Authority. 1.32 "Incremental Costs" shall mean, with respect to Sections 7.02 and 7.06, the Costs of construction and installation of the Additional Grantee Fibers but shall not include the cost of constructing and installing the conduit in which such fibers are installed, the cost of constructing and installing the Initial Grantee Fibers or any other costs associated with the Grantor System. 1.33 "Initial Grantee Fibers" shall have the meaning set forth in Section 3.01. 1.34 "IRU" shall have the meaning set forth in Section 3.01. 1.35 "IRU Contribution" shall have the meaning set forth in Section 4.01. 1.36 "Lien" shall mean any mortgage, pledge, hypothecation, claim, assessment, security interest, lease, sublease, license, lien, conditional sale contract, title retention contract, adverse or infringing claim or interest, easement, encroachment, voting trust agreement, option, charge, right of first refusal or other encumbrance or restriction of any kind, or rights of others or other contract to give any of the foregoing, excluding any of the foregoing (i) in favor of the grantor of any Required Right, or granted by the grantor of a Required Right independent of the transactions contemplated by such Required Right, (ii) arising under or resulting from the terms and provisions of, and the execution by, Grantor of the instrument evidencing such Required Right, and (iii) which are customary for agreements of that type. 1.37 "Major Cities" shall mean the cities designated as Major Cities listed on Exhibit A-2. 1.38 "Minimum Period" shall mean, with respect to each Segment, a period of (***) years from the Acceptance Date for such Segment.
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Examples of Grantor System in a sentence

  • Additional participants in the Grantor System that become Interest Holders after the date hereof shall be added to the restoration rotation mechanism.

  • Grantor will provide upon Segment completion a System-wide rotation mechanism on a Segment-by-Segment basis so that the initial rotation order of the Interest Holders in each Segment is varied (from earlier to later in the order), such that as restorations occur, each Interest Holder has approximately equivalent rotation order positions across the Grantor System.

  • The Grantor System will include the "Lateral Segments" (each of which shall be considered a "Segment" for purposes hereof), if any, identified in Exhibit "A".

  • From and after the Effective Date with respect to each Segment, the maintenance of the Grantor System within such Segment shall be provided in accordance with the maintenance requirements and procedures set forth in Exhibit "F" attached hereto.

  • None of the Interconnection Points shall be in any portion of the Grantor System which transits Canada unless such interconnection can be accomplished in a fashion which, in Grantor's judgement, will not cause either Grantor or Grantee to be in violation of applicable laws or regulations.

  • Grantor's OC personnel shall dispatch maintenance and repair personnel along the system to handle and repair problems detected in the Grantor System: (i) through the Grantee's remote surveillance equipment and/or upon notification by Grantee to Grantor, or (ii) upon notification by a third party.

  • Cable/Fibers o Grantor shall perform appropriate Scheduled Maintenance on the cables contained in the Grantor System in accordance with Grantor's then current preventive maintenance procedures which shall not substantially deviate from standard industry practice.

  • Grantor shall require its subcontractors who are engaged in connection with the construction of the Grantor System to maintain insurance in the types and amounts as would be obtained by a prudent person to provide adequate protection against loss.

  • Exhibit "C" Metropolitan (Local Loop) Network Construction Specifications The intent of this Exhibit is to delineate the general specifications and standards for construction of the Grantor System within metropolitan networks.

  • Grantor shall notify Grantee immediately upon receipt of a formal notice of condemnation or taking or of any similar threatened condemnation proceeding regarding the Grantor System, the Grantee Fibers, the Grantee Conduit, or the Required Rights.

Related to Grantor System

  • Major system means the primary structural, mechanical, plumbing, electrical, fire protection, or occupant service components of a building which include but are not limited to, weatherization, roofing, plumbing (including wells), heating, electricity, sanitary plumbing (including septic systems), lead paint abatement or load bearing structural systems.

  • Collateral has the meaning set forth in Section 2.

  • Stand Alone System Upgrade Facilities means System Upgrade Facilities that a Developer may construct without affecting day-to-day operations of the New York State Transmission System during their construction. NYISO, the Connecting Transmission Owner and the Developer must agree as to what constitutes Stand Alone System Upgrade Facilities and identify them in Appendix A to this Agreement.

  • Wastewater System means a system of wastewater collection, treatment,

  • Collateral Access Agreement means a landlord waiver, bailee letter, or acknowledgement agreement of any lessor, warehouseman, processor, consignee, or other Person in possession of, having a Lien upon, or having rights or interests in Borrower’s or its Subsidiaries’ books and records, Equipment, or Inventory, in each case, in form and substance reasonably satisfactory to Agent.

  • Grantor means each and all of the persons or entities granting a Security Interest in any Collateral for the Loan, including without limitation all Borrowers granting such a Security Interest.

  • Contractor Intellectual Property means any intellectual property owned by Contractor and developed independently from Contractor’s performance of this Contract;

  • Control apparatus means any device which prevents or controls the emission of any air contaminant directly or indirectly into the outdoor atmosphere.

  • U.S. Collateral means the “Collateral” (or any equivalent term) as defined in the U.S. Security Agreement or any other applicable U.S. Security Document, together with any other assets (whether Real Property or personal property) pledged pursuant to any U.S. Security Document.

  • Developed Property means all Assessor’s Parcels of Taxable Property for which Building Permits were issued on or before May 1 of the prior Fiscal Year, provided that such Assessor's Parcels were created on or before January 1 of the prior Fiscal Year and that each such Assessor's Parcel is associated with a Lot, as determined reasonably by the Board.

  • Blocked Account Agreement means with respect to a deposit account established by a Loan Party, an agreement, in form and substance reasonably satisfactory to the Collateral Agent, establishing control (as defined in the UCC) of such account by the Collateral Agent and whereby the bank maintaining such account agrees, upon the occurrence and during the continuance of a Dominion Trigger Event, to comply only with the instructions originated by the Collateral Agent without the further consent of any Loan Party.