Company: UZF
Filing Date: 2025-01-23
Form Type: DEFM14C
Source: 0000821130-25-000012
Chunk: 74

Company: ARRAY DIGITAL INFRASTRUCTURE, INC.
Filing Date: 2025-01-23
Form: DEFM14C
Chunk 74
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 Regulatory Excluded Licenses; provided that Sellers and USCC shall only be required and permitted to exclude Licenses to the extent a Governmental Authority has required such Licenses to be sold, disposed of or held separate. The Total Purchase Price to be paid at Closing shall be reduced by the purchase price allocable under this Agreement to each Regulatory Excluded License as set forth on Schedule I, Appendix C. To the extent requested by USCC, Purchaser shall enter into a short-term spectrum manager lease with the applicable Seller with respect to each Regulatory Excluded License that is a cellular (850 MHz) spectrum license (the “Post-Closing Lease Obligation”), which lease agreement shall be substantially in the form attached as Exhibit E hereto with such changes as necessary to (i) reflect Purchaser’s obligation to use commercially reasonable efforts to operate such facilities as necessary to provide coverage to the areas within Seller’s CGSA for such License that overlap with Purchaser’s CGSA for its existing cellular licenses (provided that nothing in this clause (i) shall require Purchaser to invest in or install any new equipment, upgrade any existing equipment in any such facilities, or construct any new facilities), (ii) require that Purchaser shall not “discontinue service” under any such Regulatory Excluded License for a period of one-hundred and eighty (180) days or more (where “discontinue service” for purposes of this Section means not providing service to at least one subscriber that is not affiliated with, controlled by, or related to Purchaser), and (iii) reflect that the lease will occur following consummation of the Transaction; provided that (A) each such lease shall have no lease fee associated with the lease of the spectrum, (B) the term of each such lease shall commence at the Closing and shall not exceed one year, calculated as if such term began on the date that the spectrum subject to such license was first leased to Purchaser or its Affiliates pursuant to Section 5.1(d) or Section 5.9, and (C) Purchaser shall not be required to enter into any such lease if Purchaser does not, as of the Closing, operate cellular networks in the stated geographic or population coverage for such License. Notwithstanding the foregoing, the Parties acknowledge and agree that neither Purchaser nor any of its Affiliates has any obligation to ensure that any Regulatory Excluded License will meet the requirements to be eligible for the applicable safe harbor as specified in 47 C.F.R. § 1.949(e