Specified Systems definition
Examples of Specified Systems in a sentence
The services referred to in this Section 6.8(b) shall be provided from the Adelphia Closing until the Closing or, if this Agreement is terminated in accordance with its terms, for a commercially reasonable period to be mutually agreed upon in good faith by TWC and Comcast to allow for transition of existing services or establishment of replacement services (with respect to the Specified Systems, until the Transition Closing, and, if requested, a commercially reasonable period thereafter).
Buyer further acknowledges that it has been made aware by Seller of facts and circumstances on the Specified Systems contrary to the representation in Section 5.14, and that with respect to the Specified Systems the representation set forth in Section 5.14 is included for the period prior to the Closing solely for the purpose of determining the existence of a Business Material Adverse Effect.
If the Correction Costs were actually incurred by Buyer (i) in good faith, (ii) with respect to the Specified Systems, (iii) consistent with practices in the industry, and (iv) in accordance with the Correction Cost Notice, the Seller shall reimburse Buyer (within 10 days following completion of the audit) up to an amount of FIFTEEN MILLION DOLLARS ($15,000,000) for the total amount of Correction Costs actually incurred by Buyer prior to the Correction Cost Deadline.
Not permit the aggregate amount of all Capital Expenditures made by the Loan Parties (i) in any Fiscal Year (other than in respect of the Specified Systems CapEx) to exceed $1,000,000 and (ii) in respect of the Specified Systems CapEx to exceed $1,000,000.
If the Loan Parties do not utilize the entire amount of Capital Expenditures permitted in any Fiscal Year (other than in respect of the Specified Systems CapEx), the Loan Parties may carry forward, to the immediately succeeding Fiscal Year only, 50% of such unutilized amount (with Capital Expenditures made by the Loan Parties in such succeeding Fiscal Year applied last to such unutilized amount).