IRU Term definition
Examples of IRU Term in a sentence
The term of this Agreement (the "Term") shall begin on the Effective Date and shall end upon expiration of the last IRU Term to expire, provided that, with respect to the Interim IRU, the Term shall extend twenty-five years from the Effective Date.
The term of this Agreement in respect of each System Segment (the "IRU Term") shall begin on the applicable Acceptance Date and shall end on the twenty-fifth (25th) anniversary of such Acceptance Date.
Upon Purchaser’s payment of the Added Backhaul IRU Purchase Price, Seller shall grant to Purchaser and Purchaser shall acquire from Seller an IRU in the Added Backhaul for the IRU Term (collectively, the “Backhaul IRU”), with effect from the Backhaul Closing Date until the last day of the IRU Term.
The IRU Term shall start upon the Effective Date and shall terminate on the date set forth in the applicable Exhibit A.
The term of the Capacity Lease shall be for the IRU Term of the Backhaul IRU or Wavelength IRUs, as the case may be.
Upon Purchaser’s payment of the Backhaul IRU Purchase Price, Seller shall grant to Purchaser and Purchaser shall acquire from Seller an IRU in the Backhaul for the IRU Term (collectively, the “Backhaul IRU”), with effect from the Backhaul Closing Date until the last day of the IRU Term.
Upon Purchaser’s payment of the Wavelength IRU Purchase Price for the applicable Wavelength, Seller shall grant to Purchaser and Purchaser shall acquire from Seller an IRU in the Wavelength(s) for the IRU Term (collectively, the “Wavelength IRUs”), with effect from the applicable Wavelength Closing Date until the last day of the applicable IRU Term.
The Purchase Option shall expire, if not exercised, at the expiration of the applicable IRU Term for each IRU User Route.
During the IRU Term, Xxxxxxxx shall perform all required Routine Maintenance at no additional cost to WinStar.
Purchaser may deliver such notice to Seller at any time with respect to any or all of the IRUs granted hereunder and with respect to any IRU covered by such notice, the IRU Term shall be deemed terminated as of the Notice Date.