Examples of Spectrum Assets in a sentence
The Other Assets are all of the assets and properties of Parent and its Subsidiaries other than the Additional Spectrum Assets and the WCS/AWS Assets.
Within five Business Days after any Asset Sale of Spectrum Assets, the Company may designate pursuant to an Officers’ Certificate all or a portion of the Net Proceeds therefrom for reinvestment in the form of Replacement Assets (such Net Proceeds, “Specified Net Proceeds”).
They have also submitted that it is prejudicial to the interest of secured creditor (which includes State Bank of India) who have a first charge over the spectrum assets and beneficial interest in the proceeds from any sale of the Spectrum Assets.
These terms were so lender-friendly, market participants and the lenders themselves acknowledged the lenders were not taking any risk on the loan due to the warrants they received as well as a lien on the Company’s Spectrum Assets.
Upon completion of any such Spectrum Assets Asset Sale Offer, the amount of Excess Spectrum Assets Proceeds shall be reset at zero.