Company: UZF
Filing Date: 2025-01-14
Form Type: PREM14C
Source: 0000821130-25-000006
Chunk: 56

Company: ARRAY DIGITAL INFRASTRUCTURE, INC.
Filing Date: 2025-01-14
Form: PREM14C
Chunk 56
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 TO SECTION 5.14(B), ALL TAXES RELATED TO THE SALE OF THE LICENSES AND (C) ANY TAXES RELATED TO THE LEASES AND THE OWNERSHIP, OPERATION AND/OR USE OF THE LICENSES, IN EACH CASE, FOR ALL TAXABLE PERIODS ENDING ON OR PRIOR TO THE CLOSING DATE AND ANY OPEN TAX PERIODS PRIOR TO THE CLOSING DATE, IN THE CASE OF THIS CLAUSE (C), DETERMINED IN ACCORDANCE WITH SECTION 5.14(C) (CLAUSES (A), (B) AND (C) COLLECTIVELY, “SELLER TAXES”).

Section 2.3. Closing

(a) Unless this Agreement shall have been earlier terminated in accordance with the provisions of this Agreement, the closing of the sale of the Licenses (the “Closing”) shall take place by email and electronic funds transfer on the date which is five (5) Business Days after the date on which the last applicable condition under Article 6 (except those conditions that by their nature will be satisfied at the Closing) has been satisfied or waived, or at such other time or place as may be agreed upon in writing by Purchaser and Sellers. The date on which the Closing occurs is called the “Closing Date.”

(b) Subject to the terms and conditions hereof, at the Closing, each Seller shall execute and deliver to Purchaser: (i) an instrument of assignment and assumption of license in the form attached hereto as Exhibit A (the “License Assignment”), executed by such Seller with respect to the Licenses it holds; (ii) with respect to each Lease then in effect, an instrument of assignment and assumption of the Leases (which such Leases shall be assigned, in full or in part, to Purchaser, to the extent related to the Licenses) in the form attached hereto as Exhibit B (each a “Lease Assignment”), executed by such Seller party thereto; and (iii) such other reasonable instruments (if any) as shall be necessary and effective to transfer, convey and assign to, and vest in, Purchaser all of the right title and interest of such Seller in and to the Licenses, free and clear of all Liens (but subject in all respects to the Leases) (the “Ancillary Assignment Instruments”), in each case, to be signed by each applicable Seller.

(c) Subject to the terms and conditions hereof, at the Closing, Purchaser shall execute and