Sprint - Nextel 2015 Annual Report Download - page 303

“ Grade B ” means with respect to a Device, such Device is fully functional with no technical problems, but does not satisfy
Grade A.
“ Guarantor ” means Sprint;
“ Incremental Rate ” has the meaning given to that term in Schedule 5 ( AdditionalInformation);
“ Insolvency Event ” shall be deemed to have occurred with respect to a Person if either:
(a) (i) a case or other proceeding shall be commenced, without the application or consent of such Person, in any court,
seeking the liquidation, reorganization, debt arrangement, dissolution, winding up, or composition or readjustment of debts of
such Person, the appointment of a trustee, receiver, custodian, liquidator, assignee, sequestrator (or other similar official) for
such Person or all or substantially all of its assets, or any similar action with respect to such Person under any Law relating to
bankruptcy, insolvency, reorganization, winding up or composition or adjustment of debts, and such case or proceeding shall
continue unstayed or undismissed for a period of sixty (60) days; or (ii) an order for relief in respect of such Person shall be
entered in an involuntary case under federal bankruptcy laws or other similar Laws now or hereafter in effect; or
(b) such Person (i) shall commence a voluntary case or other proceeding under any applicable bankruptcy, insolvency,
reorganization, debt arrangement, dissolution or other similar Law now or hereafter in effect, (ii) shall consent to the
appointment of or taking possession by a receiver, liquidator, assignee, trustee, custodian, sequestrator (or other similar
official) for, such Person or for any substantial part of its property, or (iii) shall make any general assignment for the benefit
of creditors, or shall fail to, or admit in writing its inability to, pay its debts generally as they become due, or, if a corporation
or similar entity, its board of directors (or any board or Person holding similar rights to control the activities of such Person)
shall vote to implement any of the foregoing;
“ iPhone Forever Program ” means the program offered by the Originators or the Servicer pursuant to which a Customer
may, if such Customer has agreed to participate in such program upon entering into the relevant Customer Lease, in
consideration for making a specified additional monthly payment with respect to such Customer Lease, elect to trade in the
Device subject to such Customer Lease upon the manufacturer of such Device releasing an upgraded version of such Device;
“ Knowledge ” means, with respect to any Person (other than an individual) as to any event or circumstance, the actual
knowledge of a Responsible Officer of such Person (without independent investigation or inquiry and without imputing to
such Responsible Officer the knowledge of any third party) or receipt by such Person of written notice of such event or
circumstance;
“ Laws ” means, collectively, all international, foreign, federal, state and local statutes, treaties, rules, guidelines, regulations,
ordinances, codes and administrative or judicial precedents or authorities, including the interpretation or administration
thereof by any Governmental Authority charged with the enforcement, interpretation or administration