VADI Assets definition
VADI Assets means those assets held as of the date of this Agreement by VADI primarily for the provision of ATM, frame relay, digital subscriber line and other high speed data services within the Seller Exchanges.
Examples of VADI Assets in a sentence
Prior to the Closing, Seller shall cause VADI to contribute to Seller all of its right, title and interest in and to the VADI Assets, and shall assume all liabilities of VADI that are Assumed Liabilities hereunder pursuant to a Contribution, Assignment and Assumption Agreement in form and substance reasonably satisfactory to Buyer.
Prior to the Closing, Sellers shall cause VADI to contribute to Sellers all of its right, title and interest in and to the VADI Assets, and shall assume all liabilities of VADI that are Assumed Liabilities hereunder pursuant to a Contribution, Assignment and Assumption Agreement in form and substance reasonably satisfactory to Buyer.