Examples of Put Assignment in a sentence
The Bridge Bank must execute each Put Assignment provided by the Receiver no later than ten (10) days after its receipt thereof.
On the date a Put Assignment for a Put Asset/Liability is executed by the Bridge Bank (i) the Put Assignment will be effective, and (ii) the related Put Asset/Liability will be a Transferred Asset or Assumed Liability, as appropriate, under the terms of this Agreement.
If the FCC denies any Put Assignment Application or grants any Put Assignment Application with conditions materially adverse to Operator or Sprint, then if requested to do so by such adversely affected Party, such Party and the other relevant Party will use their Efforts to secure reconsideration or review of such action.
If any person petitions the FCC to deny any Put Assignment Application, or if the FCC grants any Put Assignment Application and any person petitions for reconsideration or review of such grant before the FCC or appeals or applies for review in any judicial proceeding, then Sprint and Operator will use their Efforts to oppose such petition before the FCC or defend such grant by the FCC.
All amounts related to a Put Asset/Liability (i) received by the Receiver after the effective date of its related Put Assignment will belong to the Bridge Bank, and (ii) that remain unpaid after the effective date of its related Put Assignment will be paid by the Bridge Bank.
Each Party will be responsible for the payment of one-half of all Costs that the Parties incur in connection with their performance under this Section 17.2(d)(i), including all application fees imposed by the FCC on the filing of any Put Assignment Application and all legal fees incurred in the preparation and prosecution of any Put Assignment Application.
Subsequently, Sprint and Operator each will promptly and diligently prepare, file and prosecute all necessary amendments, briefs, pleadings, petitions for reconsideration, applications for review, waiver requests, documents and supporting data, and take all such actions and give all such notices as may be required or requested by the FCC or as may be appropriate to expedite the grant of any Put Assignment Application without conditions materially adverse to Sprint or Operator.
Until the later of (i) the date that is six (6) months after the Bank Closing Date, and (ii) two (2) months after the completion of the Pro Forma Statement, the Receiver has the right to assign any asset or liabilities identified by the Receiver, excluding Retained Liabilities and claims against the Receiver which are proved to the satisfaction of the Receiver (a “Put Asset/Liability”) by delivering a Put Assignment to the Bridge Bank.
The Put Closing for any given Closed Market with respect to any Put Spectrum which is the subject of a Put Assignment Application or a Put Lease Assignment Application, will take place not later than 30 days following the FCC's grant of such application and such grant becoming a Final Order.
The delivery of the Put Assignment will be deemed a representation and warranty by the Company that: (i) the Company has full right, title and interest in and to the Put Interests; (ii) the Company has all necessary power and authority to transfer the Put Interests; and (iii) the Put Interests are free and clear of any and all liens or encumbrances, other than customary permitted liens.