Common use of Failure to Obtain Financing Clause in Contracts

Failure to Obtain Financing. If, after using good faith efforts for six months after the effective date of the Management Agreement, Manager is unable to obtain its financing described in Exhibit 1.7 on commercially reasonable terms, the Management Agreement may be terminated by Sprint PCS, but Sprint PCS agrees it will not exercise any of its rights set forth in Section 11.6 as a result of such termination. Sprint PCS, in its sole discretion, may extend the six-month period.

Failure to Obtain Financing. If, after using good faith efforts for six months after the effective date of the Management Agreementefforts, Manager is unable unable, by October 30, 1999, to obtain its financing described in Exhibit 1.7 on commercially reasonable terms, the Management Agreement may be terminated by Sprint PCS, but Sprint PCS agrees it will not exercise any of its rights set forth in Section 11.6 as a result of such termination. Sprint PCS, in its sole discretion, may extend the six-month periodthis deadline.