Sprint - Nextel 2015 Annual Report Download - page 273

(f) [reserved];
(g) a Servicer Replacement Event occurs;
(h) Sprint’s license to provide wireless telephony services is terminated and not replaced;
(i) the occurrence of an Insolvency Event with respect to a Sprint Party;
(j) the Guarantor fails to pay any amount due and payable under the Sprint Guarantee, or the Sprint Guarantee is terminated
or ceases to be in full force and effect for any reason (other than termination in accordance with its terms) before the Final
Settlement Date, unless such breach is remedied within 5 Business Days of the date of receipt of a written notice from Lessor
specifying the breach;
(k) a Change of Control has occurred; or
(l) the Performance Support Provider fails to perform any of its obligations under the Performance Support Agreement, or
the Performance Support Agreement is terminated or ceases to be in full force and effect for any reason before the Final Settlement
Date, unless such breach is remedied within 5 Business Days of the date of receipt of a written notice from Lessor specifying the
breach.
SECTION 3.2 Remedies
(a) Upon the occurrence and continuance of a Lease Event of Default, Lessor may terminate this Agreement and/or any one
or more (including all) of the Device Leases (or any portion thereof) by providing written notice of termination to the relevant
Lessees. Lessor shall be deemed to have given each Lessee a notice terminating all relevant Device Leases immediately upon the
occurrence of an Insolvency Event with respect to any Lessee or the Guarantor. For the avoidance of doubt, the occurrence of a
Lease Event of Default under a Device Lease will trigger a Lease Event of Default under all Device Leases entered into under this
Agreement (regardless of the identity of the Lessee under a particular Device Lease and whether a Lease Event of Default has
occurred under a particular Device Lease) unless otherwise waived by Lessor.
(b) If this Agreement or any Device Lease hereunder (or any portion thereof) has been terminated pursuant to paragraph (a)
above:
(i) in relation to the occurrence of the Lease Event of Default under Section 3.1(d) ( Lease EventsofDefault)
above then Lessees shall pay only the Present Value Device Lease Amount for the relevant Devices within 5 Business Days
of receipt of an invoice from Lessor. Upon payment of the Present Value Device Lease Amount, title free and clear of all
Liens arising by and through Lessor to the relevant Devices (and all Customer Lease-End Rights and Obligations) shall
hereby pass from Lessor to the relevant Lessee on an as-is basis without any warranty whatsoever from Lessor and no
further Rental Payments shall be payable by the relevant Lessee in respect of such Devices and the Device Leases for such
Devices shall terminate;
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