UMTS License definition
Examples of UMTS License in a sentence
In respect of any Disbursement of the Tranche II NIB Loan, the proceeds of such Disbursement shall be needed and used by the Borrower solely for the purposes of Capital Expenditures incurred or paid for after the date of this Agreement or for payment of the UMTS License Costs in connection with the Project and NIB shall have received such evidence as to the proposed utilisation of the proceeds of such Disbursement and the utilisation of the proceeds of any prior Disbursement as NIB reasonably requests.
In respect of any Disbursement of the Tranche II EDC Loan, the proceeds of such Disbursement shall be needed and used by the Borrower solely for the purposes of Capital Expenditures incurred or paid for after the date of this Agreement or for payment of the UMTS License Costs in connection with the Project and EDC shall have received such evidence as to the proposed utilisation of the proceeds of such Disbursement and the utilisation of the proceeds of any prior Disbursement as EDC reasonably requests.