Examples of Wireless Assets in a sentence
Other than acquiring the Initial Wireless Assets and executing the Loan Documents, the Borrower has not engaged in any activity prior to the Funding Date.
On the date of receipt by the Borrower of any cash proceeds from a capital contribution to or the issuance or sale of Equity Interests of the Borrower (other than in each case (i) a Relevant Acquisition Equity Investment and (ii) capital contributions or issuances or sales of Equity Interests the proceeds of which are used by the Borrower to purchase Wireless Assets that are not Financed Assets), the Borrower shall prepay the Advances in an aggregate amount equal to [__________]* of such Net Cash Proceeds.
Schedule 1.1(a) sets forth a true and complete list of the Initial Wireless Assets to be financed by the Lenders and all of the information set forth therein (including the Acquisition Purchase Prices) is true and correct.
Use commercially reasonable efforts to maintain and preserve all of its tangible Property and collect all Scheduled Lease Payments in accordance with the standards of a prudent owner and/or operator of Cell Towers and Wireless Assets.
In the third quarter of 2021, we acquired 716,000 postpaid phone customers and 90,000 postpaid other customers through our acquisition of the Wireless Assets from Shenandoah Personal Communications Company LLC (“Shentel”).
Engage in any line of business other than acquiring, holding and disposing of Wireless Assets and/or other activities substantially related or incidental thereto.
In the event that the Borrower fails to deliver evidence of such recordings together with an Acceptable Policy as set forth above on or before the [__________]* following the date of such Acquisition then such Wireless Asset(s) shall no longer be Eligible Assets and the Borrower shall be required to repay the Advances as provided for in Section 2.6(b)(vi).
Shentel Wireless Assets Acquisition On July 1, 2021, we completed the acquisition of Shentel’s wireless telecommunications assets (the “Wireless Assets”) used to provide Sprint PCS’s wireless mobility communications network products in certain parts of Maryland, North Carolina, Virginia, West Virginia, Kentucky, Ohio and Pennsylvania.
As a result, T-Mobile become the legal owner of the Wireless Assets.
SCHEDULE 2 REPUBLIC WIRELESS ASSETS The Republic Wireless Assets mean and include the following: Tangible Assets: All tangible assets directly related to the Republic Wireless Business, including, without limitation, such tangible assets described on the list attached hereto as Schedule 1A.