InfraCo Business definition

InfraCo Business means the business and activities of providing Pan-European, North American, sub-sea and trans-Atlantic and fibre network and data centre infrastructure services to customers and consisting of those assets and liabilities, in each case, from which the revenues are generated and the costs are incurred as carried on prior to Completion by the Sellers’ Group and the Group Companies, excluding the RemainCo Business and including: (a) the Group Companies; (b) the InfraCo Assets; and (c) the InfraCo Liabilities, but excluding RemainCo Assets and RemainCo Liabilities.
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InfraCo Business has the meaning given to it in Part 1 of Schedule 10;
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Examples of InfraCo Business in a sentence

  • The Draft Earn-Out Statement shall include a reconciliation of the Near-Net EBITDA to the InfraCo EBITDA shown in the audited consolidated profit and loss account of the InfraCo Business (being the line item “operating profit”) for relevant Earn-Out Period.

  • To the extent that any such applications remain pending as at Completion with respect to any Transferring InfraCo Business Properties, the Sellers shall, upon request, provide the Buyer (at the Sellers’ cost) with all such documents as are necessary to transfer carriage of the relevant application(s) to the Buyer.

  • For the purpose the foregoing, “material property” means any owned Properties or leased Properties subject to a 100-year lease or longer or where the lease liability is greater than $1,000,000 or which are material to the InfraCo Business.

  • The Sellers and Buyer shall also work together with each other in good faith and acting reasonably to agree the documentation of such rights as are reasonably required for the relevant Transferring Property’s on-going use for the purposes of the RemainCo Business or the InfraCo Business (as applicable).

  • So far as the Sellers are aware, in the period of twenty four (24) calendar months ending on the date of this Agreement, each Group Company has been operating and carrying on its business and operations in compliance with, and no Group Company has received written notice of material non-compliance with, any applicable laws and regulations of any jurisdiction in which the InfraCo Business is carried on.