License Swap definition

License Swap means (i) any exchange, with another Person (other than an Unrestricted Subsidiary), of a License or Licenses owned by the Borrower and/or any Restricted Subsidiary, for a License or Licenses owned by such other Person or (ii) any sale (other than to an Unrestricted Subsidiary) of a License or Licenses owned by the Borrower and/or any Restricted Subsidiary and the use of the Net Proceeds received therefrom to purchase a License or Licenses owned by another Person (other than an Unrestricted Subsidiary); provided, that, (i) such purchase occurs not more than 12 months following such sale and either (x) the Borrower or such Restricted Subsidiary deposits the Net Proceeds received therefrom in a cash collateral account with the Administrative Agent (who, at the request of the Borrower, will invest such proceeds in Permitted Investments) pending such purchase or (y) the Borrower notifies the Administrative Agent (prior to or simultaneously with such sale) that such sale is part of a License Swap and repays outstanding Revolving Loans with the Net Proceeds received from such sale pending the related purchase, (ii) to the extent the Net Proceeds received from such sale are not used to make a purchase described above, such sale shall constitute a Prepayment Event rather than a License Swap and the Net Proceeds therefrom shall be applied in accordance with Section 2.09(b) and (iii) any License Swap involving an Affiliate of the Borrower must be approved by the Administrative Agent.
Sample 1Sample 2
License Swap means (i) any exchange, with AW or any partner or ------------ affiliate of AW in AW's mobile telecommunications network (other than an Unrestricted Subsidiary), of a License or Licenses and License Related Assets owned by the Borrower and/or any of its Subsidiaries, for a License or Licenses and License Related Assets owned by AW or such partner or affiliate or (ii) any sale (other than to an Unrestricted Subsidiary) of a License or Licenses and License Related Assets owned by the Borrower and/or any of its Subsidiaries and the use of the Net Proceeds received therefrom to purchase a License or Licenses and License Related Assets owned by AW or any partner or affiliate of AW in AW's mobile telecommunications network (other than an Unrestricted Subsidiary); provided, that, (i) such purchase occurs not more than 270 days following such -------- ---- sale and the Borrower notifies the Administrative Agent (prior to or simultaneously with such sale) that such sale is part of a License Swap and repays outstanding Revolving Loans, if any, with the Net Proceeds received from such sale pending the related purchase, (ii) to the extent the Net Proceeds received from such sale are not used to make a purchase described above, such sale shall constitute a Prepayment Event (notwithstanding anything to the contrary contained in this Agreement) rather than a License Swap and such Prepayment Event shall be deemed to have occurred on the 270th day and the Net Proceeds therefrom shall be applied in accordance with Section 2.09(b) and (iii) any License Swap involving an Affiliate of the Borrower must be approved by the Administrative Agent.
Sample 1
License Swap means (i) any exchange of a License or Licenses and License Related Assets owned by the Borrower and/or any of its Subsidiaries, for a License or Licenses and License Related Assets owned by any other Person or (ii) any sale of a License or Licenses and License Related Assets owned by the Borrower and/or any of its Subsidiaries and the use of the Net Proceeds received therefrom to purchase a License or Licenses and License Related Assets owned by any other Person; provided, that, (i) such purchase occurs not more than 270 days following such sale and the Borrower notifies the Administrative Agent (prior to or simultaneously with such sale) that such sale is part of a License Swap and repays outstanding Loans, if any, with the Net Proceeds received from such sale pending the related purchase and (ii) any License Swap involving an Affiliate of the Borrower must be approved by the Administrative Agent, which approval shall not be unreasonably withheld.
Sample 1

Examples of License Swap in a sentence

  • In what appears to be an attempted legislative fix to the LAUSD case, Section 34188(c) provides that the total school share, including pass through, shall be the share of property taxes that would have been received by school entities within the jurisdiction of the former RDA, including the amounts received under Sections 97.68 (Triple Flip legislation) and 97.70 (Vehicle License Swap legislation).

  • This section is commonly referenced as the Vehicle License Swap legislation.Just as the case with Section 97.68 discussed above, Section 97.70(d) provides that the revenues transferred to the cities and county under Section 98.70(a) do not count for purposes of calculating the tax allocations under Section 96.1(a).

  • Provide the City with realistic financial options and recommendations (e.g., sources of funds, scheduling issues and strategy) to achieve HUD or other program goals.

  • Vehicle License Swap Legislation Effective from fiscal year 2004-05, Revenue and Taxation Code section 97.70(a) authorizes the allocation of property tax revenue that would otherwise be transferred to the ERAF to the cities and counties, to compensate those entities’ loss of vehicle license fees transferred from cities and counties to the State of California.

  • So if there is any residual distribution to be made, then the County would be required to impute ERAF revenues to LAUSD as if they had been received and the Triple Flip and Vehicle License Swap transfers had not occurred.

  • Mr. Pokrywa stated I will ask Mr. Lites to provide additional information to theDistrict Manager following this meeting.Mr. Lites stated yes, I will do that.Mr. Moyer stated we will add this so the agenda for May 8.

Related to License Swap

  • License Key means a unique key-code that enables Licensee to run Software subject to the obtained User Pack.

  • End User License Agreement means a license grant or end user license agreement governing software as further described in this Agreement or any applicable Appendix.

  • End User Agreement means any agreement that Eligible Users are required to sign in order to participate in this Contract including an end user agreement, customer agreement, memorandum of understanding, statement of work, lease agreement, service level agreement, or any other named separate agreement.

  • Credit Card Agreement means each agreement between the Company and a Cardholder governing the use of an Account, together with any amendments, modifications or supplements thereto (including through issuance of a change in terms notice) and any replacement of such agreement.

  • ACH Transactions means any cash management or related services (including the Automated Clearing House processing of electronic fund transfers through the direct Federal Reserve Fedline system) provided by a Bank Product Provider for the account of Borrower or its Subsidiaries.

  • Customer Agreement means a written agreement entered into between Provider and any Customer pursuant to which a Customer orders BPO Services from Provider.

  • End User License means any license terms imposed by any Third Party Vendor on Customers and End Users. “Force Majeure Event” means an event or occurrence:

  • Software License Agreement means the Motorola Software License Agreement (Exhibit A).

  • User Agreement means an agreement for the provision of Access to the Services.

  • OEM means Original Equipment Manufacturer.

  • Site License means for each product, the term “Site License” shall mean the license established upon acquisition of the applicable number of copies of such product and payment of the applicable license fees as set forth in the Statement of Work.

  • Inbound Licenses means, collectively, any Contract (including covenants not to xxx) or other permission pursuant to which Seller is authorized or otherwise permitted to access or exploit any other Person’s IP, or any Contract pursuant to which Seller obtains a right to access or exploit a Person’s IP in the form of commercially available object code software or services, such as a software as a services Contract or a cloud services Contract.

  • Licence Agreement means an agreement (whether or not in writing) between the owner of student accommodation and a student giving a licence to the student;

  • Software License means a license for the Software granted under this XXXX to the Licensee;

  • License Subsidiary means a direct or indirect wholly-owned Restricted Subsidiary of the Parent Borrower substantially all of the assets of which consist of Broadcast Licenses and related rights.

  • FCC License means a License issued or granted by the FCC.

  • Customer Contract means any written contract or agreement (other than trade contracts) between Seller and any of its customers (or under which Seller has rights) which has been entered into and signed by the parties thereto in connection with the publication of the Directories and corresponding provision of Directory Services.

  • Credit Card Agreements means all agreements now or hereafter entered into by any Borrower or for the benefit of any Borrower, in each case with any Credit Card Issuer or any Credit Card Processor with respect to sales transactions involving credit card or debit card purchases, including, but not limited to, the agreements set forth on Schedule 5.21(b) hereto.

  • Third Party Contract means a contract between Metrolinx and any other Person which is in any way related to, impacts or is impacted by the Services and/or the Consultant’s acts or omissions, whether expressly identified to the Consultant or not.

  • Generation Licence means an electricity generation licence granted or treated as granted pursuant to section 6(1)(a) of the EA 1989 that authorises a person to generate electricity;

  • Customer User means an employee of Customer, a Customer Affiliate or Business Partner.

  • Transmission Licensee means any person who is authorised by a Transmission Licence to transmit electricity, acting in that capacity;

  • Open Source License means any license meeting the Open Source Definition (as promulgated by the Open Source Initiative) or the Free Software Definition (as promulgated by the Free Software Foundation), or any substantially similar license, including any license approved by the Open Source Initiative or any Creative Commons License. “Open Source Licenses” shall include Copyleft Licenses.

  • Transmission License means the license granted by the Appropriate Commission in terms of the relevant regulations for grant of such license issued under The Electricity Act, 2003;