Common use of KB Impuls Clause in Contracts

KB Impuls. (a) The Borrower shall ensure, and shall cause KB Impuls to ensure, that: (i) if the Agency and Services Agreement is terminated, or for any other reason cease to have effect, the Borrower shall, and shall cause KB Impuls to, (1) enter into an arrangement within 30 days of such termination or other cessation of effectiveness that provides the Borrower with substantially the same relative economic benefit as the Borrower was receiving from the Agency and Services Agreement in effect on the date hereof, or (2) ensure arrangements such that substantially all net revenues received by KB Impuls, after all expenses (including any taxes), interest and principal payments of debt incurred as of the date hereof, flow up from KB Impuls to the Borrower, including through repayment of loans, granting of new loans by KB Impuls to the Borrower, dividends or any other method; and (ii) the Borrower shall own all of the outstanding Capital Stock of KB Impuls or any Person (other than the Borrower) (a) with which or into which KB Impuls is consolidated or merged, (b) to which all or substantially all of the property and assets of KB Impuls are sold, conveyed, transferred, leased or otherwise disposed, (c) to which any telecommunications licences of KB Impuls which is for or includes the City of Moscow and the Moscow Region, including the KB Impuls Licence, are assigned or otherwise transferred or (d) which becomes the owner or acquires the right, title or interest to or in any telecommunications licence that replaces or succeeds to any licence described in the preceding clause (c). (b) In the event that a merger or consolidation between the Borrower and KB Impuls is effectuated, or all or substantially all of the property and assets of KB Impuls are transferred to the Borrower this Clause 14.5 will have no further force or effect.