Sprint - Nextel 2015 Annual Report Download - page 272

Collateral Agent, Servicer or any Lessee, Lessor shall provide updated Device Lease Schedules and an updated Data File.
SECTION 2.15 Quiet Enjoyment
Lessor covenants that during the Term of a Device Lease, so long as no Lease Event of Default shall have occurred and be
continuing, neither Lessor nor any Person claiming any interest in the Devices by, through or under Lessor shall disturb Lessees’
quiet enjoyment of the Devices and the Customer Leases under such Device Lease. Collateral Agent covenants that during the Term
of a Device Lease, so long as no Lease Event of Default shall have occurred and be continuing, Collateral Agent shall not disturb
Lessees’ quiet enjoyment of the Devices and the Customer Leases under such Device Lease
ARTICLE III
LEASE EVENTS OF DEFAULT
SECTION 3.1 Lease Events of Default
A Lease Event of Default occurs if:
(a) (i) any Lessee (or the Servicer on its behalf) fails to pay to the MLS Collection Account (Tranche 1) all Customer
Receivables received by such Lessee in satisfaction of any Rental Payment obligation on the due date thereof or (ii) any Lessee (or
the Guarantor on its behalf) fails to make any Rental Payment on or before the Business Day prior to the Scheduled Monthly
Reporting Date immediately following the due date thereof;
(b) any Lessee (or the Guarantor on its behalf) fails to pay any other amount (other than as set forth in Section 3.1(a) (
Lease Events of Default )) due and payable under this Agreement or a Device Lease unless such breach is remedied within 10
Business Days following the date of receipt of a written notice from Lessor specifying the breach;
(c) any Lessee breaches Section 2.3(b) ( Liens), Section 2.12 ( Non-ReturnRemedies), Section 4.1(a) ( Indemnities),
Section 6.7 ( Licenses and approvals ), Section 7.1(i) ( Notification of Default ), Section 7.2(b) ( No Modification of Customer
Leases ), or Section 7.2(c) ( Change in Credit and Collection Policy or Business ) of this Agreement, and such breach is not
remedied within 10 Business Days of the date of receipt of written notice from Lessor specifying the breach;
(d) any Lessee breaches any other representation, warranty, covenant or other provision of this Agreement or any other
Transaction Document in any material respect (other than as specified in paragraphs (a), (b) and (c) above), and such breach is not
remedied within 10 Business Days of the date of receipt of written notice from Lessor specifying the breach;
(e) any Originator breaches any provision of any Transaction Document to which it is a party in any material respect and
such breach is not remedied within 10 Business Days of the date of receipt of written notice from Lessor specifying the breach;
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