Common use of Operation Reports Clause in Contracts

Operation Reports. within 50 days after the end of each Fiscal Quarter of the Borrower, a report on: (i) with respect to each Operating Subsidiary: (A) the number of cell sites constructed and cell sites where equipment with an aggregate purchase price in excess of $1,000,000 is located; (B) the total number of customers; and (C) the average revenue per subscriber; (ii) payments by the Borrower or any of its Subsidiaries to the Grandparent or any of its Affiliates (other than payments by the Borrower or any of its Subsidiaries to one another), or to any Subsidiary of the Borrower that is not a Subsidiary, whether as dividends, payments under any management, service or tax- allocation agreement or otherwise, and (iii) equity contributions to the Borrower, the Persons providing the same and any issuance or sale of shares of Stock or other equity interests in the Borrower or any of its Subsidiaries, during such fiscal quarter, together with a report showing variances from the estimates previously provided to Administrative Agent and each Lender in the Annual Approved Operating Business Plan (or the Approved Full-Term Operating Business Plan, if the Required Lenders have not approved a plan delivered pursuant to Section 8.2(a) with respect to such fiscal year), along with an explanation of discrepancies between the actual numbers and the estimated numbers;

Operation Reports. within 50 days after the end of each Fiscal Quarter of the Borrower, a report on: (i) with respect to each Operating Subsidiary: (A) the number of cell sites constructed and cell sites where equipment with an aggregate purchase price in excess of $1,000,000 ***** is located; (B) the total number of customers; and (C) the average revenue per subscriber; (ii) payments by the Borrower or any of its Subsidiaries to the Grandparent or any of its Affiliates (other than payments by the Borrower or any of its Subsidiaries to one another), or to any Subsidiary of the Borrower that is not a Subsidiary, whether as dividends, payments under any management, service or tax- allocation agreement or otherwise, and (iii) equity contributions to the Borrower, the Persons providing the same and any issuance or sale of shares of Stock or other equity interests in the Borrower or any of its Subsidiaries, during such fiscal quarter, together with a report showing variances from the estimates previously provided to Administrative Agent and each Lender in the Annual Approved Operating Business Plan (or the Approved Full-Term Operating Business Plan, if the Required Lenders have not approved a plan delivered pursuant to Section 8.2(a) with respect to such fiscal year), along with an explanation of discrepancies between the actual numbers and the estimated numbers;