Sprint - Nextel 2015 Annual Report Download - page 229

of amounts deducted in clause (b)(ii) of the definition of Contingent Device Purchase Price;
provided, however, the deductions in (b)(i)-(iv) shall be without duplication of any amounts deducted from the calculation of
Deferred Purchase Price Amount.
“ Contingent Purchase Price ” means the sum of the Contingent Device Purchase Price plus the Contingent Rent Purchase
Price; provided, however, in no event shall this amount be less than zero.
“ Customer Lease-End Rights and Obligations ” means, with respect to any Related Customer Lease for a Device, (a) during
the Term of a Device Lease for such Device, (i) the right to receive possession of such Device if returned by the Customer, (ii) the
right to receive purchase price payments or payments in lieu of delivery by Customers under such Related Customer Lease, (iii) the
obligation to deliver title to such Device to the relevant Customer free and clear of any Adverse Claims arising by and through the
Buyer upon payment of the purchase price or payment in lieu of delivery and all other amounts due and owing for such Device under
such Related Customer Lease, (iv) the right to terminate such Related Customer Lease in accordance with the early termination
provisions thereof if the Sprint Parties discontinue the Sprint Parties’ leasing program for Devices and (v) the right to set the fair
market value of such Device under such Related Customer Lease in relation to the Customer’s purchase option in respect of such
Device after the Scheduled Customer Lease Term and (b) at all times after the Term of a Device Lease for such Device, all rights
and obligations under such Related Customer Lease other than the right to receive all Customer Receivables attributable to any
period during the Scheduled Customer Lease Term.
“ Customer Purchase Price Amounts ” means with respect to any Device, all purchase price payments and payments in lieu
of delivery of such Device received by the Buyer, directly or indirectly from the relevant Customers under the applicable Related
Customer Lease. For the avoidance of doubt this amount shall not include payments on account of scheduled Customer Receivables.
“ Debt” means, at any time, indebtedness of any Person at any time, without duplication, all obligations of such Person for
money borrowed or raised, all obligations (other than accounts payable and other similar items arising in the ordinary course of
business) of such Person for the deferred payment of the purchase price of property, and all capital lease obligations or other
obligations which, in each case, in accordance with GAAP, would be included in determining total liabilities as shown on the
liability side of the balance sheet of such Person and all guarantees (whether contingent or otherwise) of such Person guaranteeing
the Debt of any other Person, whether directly or indirectly (other than endorsements for collection or deposit in the ordinary course
of business).
“ Deemed Collections ” shall have the meaning provided in the Servicing Agreement.
“ Deferred Purchase Price ” shall have the meaning provided in Section 2.3(b) of this Agreement.
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