From and after Closing. (a) Buyer shall receive a pro rata share of USF funds received by Seller, under Seller's methodology of computing USF, pursuant to FCC Rules and Regulations as stated in Part 36.601(c) for rural carriers. The USF Funds due to Buyer shall be determined by multiplying the number of lines sold times a per-line amount of USF support received by Seller prior to the date of sale of the Business. The resulting Buyer's annual USF amount shall be prorated in proportion to the number of months in the year from and after the Closing Date. Beginning July 1, 1999 or a date thereafter determined by the FCC, non-rural carriers shall not receive USF pursuant to Part 36, but will receive support in accordance with guidelines using forward-looking economic cost. Buyer shall make its own filing in accordance with said FCC Rules and Regulations, Part 36.611 and Part 36.612 for rural carriers and Part 54 for non-rural carriers. Within a reasonable time after Buyer's written request, Seller shall furnish to Buyer such necessary information regarding Seller's ownership of the Purchased Property during the partial calendar year prior to Closing Date and such reasonable assistance as required in connection with Buyer's preparation of necessary filings or submissions. (b) Notwithstanding the foregoing, Buyer's right to receive a pro rata share of USF is conditioned upon Buyer's payment, from and after the Closing Date, of a pro rata share of the annual universal service contribution liability assessed by the Universal Service Administrative Company (USAC) based on end-user retail revenues for the previous year generated by assets being sold. The resulting Buyer's annual USF obligation for assets purchased shall be prorated in proportion to the number of months in the year from and after the Closing Date.
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From and after Closing. (a) Buyer shall receive a pro rata share of USF funds received by Seller, under Seller's methodology of computing USF, pursuant to FCC Rules and Regulations as stated in Part 36.601(c) for rural carriers. The USF Funds due to Buyer shall be determined by multiplying the number of lines sold times a per-line amount of USF support received by Seller prior to the date of sale of the Business. The resulting Buyer's annual USF amount shall be prorated in proportion to the number of months in the year from and after the Closing Date. Beginning July 1, 1999 or a date thereafter determined by the FCC, non-rural carriers shall not receive USF pursuant to Part 36, but will receive support in accordance with guidelines using forward-looking economic cost. Buyer shall make its own filing in accordance with said FCC Rules and Regulations, Part 36.611 and Part 36.612 for rural carriers and Part 54 for non-rural carriers. Within a reasonable time after Buyer's written request, Seller shall furnish to Buyer such necessary information regarding Seller's ownership of the Purchased Property during the partial calendar year prior to the Closing Date and such reasonable assistance as required in connection with Buyer's preparation of necessary filings or submissions.
(b) Notwithstanding the foregoing, Buyer's right to receive a pro rata share of USF is conditioned upon Buyer's payment, from and after the Closing Date, of a pro rata share of the annual universal service contribution liability assessed by the Universal Service Administrative Company (USAC) based on end-user retail revenues for the previous year generated by assets being sold. The resulting Buyer's annual USF obligation for assets purchased shall be prorated in proportion to the number of months in the year from and after the Closing Date.
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From and after Closing. (a) Buyer shall receive a pro rata share of USF funds received by Seller, under Seller's methodology of computing USF, pursuant to FCC Rules rules and Regulations as stated in Part 36.601(c) for rural carriersregulations. The USF Funds due to Buyer shall be determined by multiplying the number of lines sold Access Lines served by the Exchanges on the Closing Date times a per-line amount of USF support received by Seller for the study area containing the Exchanges prior to the date of sale of the BusinessClosing Date. The resulting Buyer's annual USF amount shall be prorated in proportion to the number of months in the year from and after the Closing Date. Beginning July 1, 1999 or a date thereafter determined by the FCC, non-rural carriers shall not receive USF pursuant to Part 3636 and Part 54, but will receive support in accordance with guidelines using forward-looking economic cost. Except as contemplated by clause (i) below, after the Closing Date, Buyer shall make its own filing in accordance with said applicable FCC Rules rules and Regulations, Part 36.611 and Part 36.612 for rural carriers and Part 54 for non-rural carriersregulations. Within a reasonable time after Buyer's written requestrequest and in any event at least 30 days prior to the NECA filing date, Seller shall furnish to Buyer such necessary information regarding Seller's ownership of the Purchased Property Transferred Assets during the partial calendar year prior to the Closing Date and the prior calendar year and such reasonable assistance assistance, at Buyer's expense, as required in connection with Buyer's preparation of necessary filings or submissions.
(b) Notwithstanding the foregoing, Buyer's right to receive a pro rata share of USF is conditioned upon Buyer's payment, from and after the Closing Date, of a pro rata share of the annual universal service contribution liability assessed by the Universal Service Administrative Company (USAC) based on end-user retail revenues for the previous year generated by assets being sold. The resulting Buyer's annual USF obligation for assets purchased shall be prorated in proportion to the number of months in the year from and after the Closing Date.
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Sources: Purchase and Sale Agreement (Citizens Utilities Co)