Telecommunications Related Assets definition
Examples of Telecommunications Related Assets in a sentence
The proceeds to the Company from the sale to the Initial Purchasers of the Senior Notes will be used to fund up to 80% of the cost of the acquisition or construction of Telecommunications Related Assets (as described in the Offering Memorandum) and, subject to certain conditions, may be used to pay interest on the Senior Notes.
The proceeds to the Company from the sale to the Initial Purchasers of the Senior Subordinated Notes will be used for general corporate purposes, including working capital and operating losses, and to fund a portion of the cost of the acquisition or construction of Telecommunications Related Assets (as described in the Offering Memorandum).
The proceeds to the Company from the sale to the Initial Purchasers of the Senior Notes will be used to fund up to 80% of the cost of acquisition or construction of Telecommunications Related Assets (as described in the Offering Memorandum).
Sale of Telecommunications Related Assets to Intermedia The Company entered into agreements with Intermedia to sell to Intermedia certain telecommunications related assets that are purchased by the Company with the net proceeds of the recent offerings.
On or after deposit of the sums described in clause (ii) of this paragraph (c), Grantor shall be entitled thereafter to request release of such cash proceeds at such times and in such amounts in order to either (i) comply with its obligations under, or otherwise in accordance with, the Indenture, as a result of the disposition of such Collateral or (ii) if such amounts are not required to be applied in accordance with clause (i) above, to purchase Telecommunications Related Assets.
A first priority security interest securing the Company's obligations under the Senior Notes shall be granted in all Telecommunications Related Assets acquired in whole or in part with the proceeds of any Asset Sale of Stock Collateral and the Company will take or cause to be taken all actions necessary to cause such first priority security interest to be granted concurrently with the acquisitions of such Telecommunications Related Assets.