Spectrum Holding Company Commitment. Except as provided below in this Section 1.03(b), during the term of this Agreement, each of Clearwire Parent and Clearwire covenant and agree not to segregate the EBS Spectrum Capacity IUAs in an entity except in an entity that holds at least 50% of the spectrum of Clearwire Parent and its Affiliates, exclusive of the EBS Spectrum Capacity IUAs represented by Schedule A. The restriction in this Section 1.03(b) shall not apply, however, while the Parent Guarantee or a LOC Substitution is in effect.
Appears in 3 contracts
Sources: Master Royalty and Use Agreement, Master Royalty and Use Agreement (Clearwire Corp), Master Royalty and Use Agreement (Clearwire Corp)