Satellite Acceptance. Acceptance of the Satellite by Purchaser shall occur finally and irrevocably for all purposes hereunder upon the earlier to occur of: (i) the IOT Complete Date (as defined in Article 10.3. below); or (ii) the instant immediately prior to an event on or after Intentional Ignition resulting in the Total Loss of the Satellite (or the Satellite being reasonably determined to be a Total Loss in the event there is no insurance coverage for a constructive total loss).
Appears in 2 contracts
Sources: Contract (Hughes Communications, Inc.), Contract (Hughes Network Systems, LLC)