Common use of Collocation Agreements Clause in Contracts

Collocation Agreements. (a) Without limiting the generality of Section 4, Lessee expressly acknowledges that, as to each Site, this Agreement is subject to all Collocation Agreements currently in effect with respect to such Site as are set forth in the Agreement to Lease and Sublease. In respect of each Master Lease Site, by execution of this Agreement as to the Initial Master Lease Sites and thereafter as of the Conversion Closing Date for each additional Master Lease Site, Lessor does transfer, assign and convey over unto Lessee, for the Term as to such Master Lease Site, all of its rights, title and interest in, to or under any Collocation Agreements affecting such Master Lease Site and shall execute documentation reasonably necessary to confirm same to a counterparty under a Collocation Agreement, within ten (10) Business Days of receipt of a request therefor by Lessee, provided, that Lessor and each Sprint Additional Party will not be required to obtain any new board resolutions from any Person that is a corporation or similar resolutions or approvals from any Person that is a limited liability company, partnership or trust. In respect of each Pre-Lease Site, Lessor and each Sprint Additional Party does hereby (on its behalf and on behalf of any Affiliate thereof that is a party thereto) delegate all of its respective rights, duties, obligations and responsibilities under the Collocation Agreements to Lessee for the Term as to such Site for periods occurring from and after the Effective Date and shall execute documentation reasonably necessary to confirm same to a counterparty under a Collocation Agreement, within ten (10) Business Days of receipt of a request therefor by Lessee, provided, that Lessor and each Sprint Additional Party will not be required to obtain any new board resolutions from any Person that is a corporation or similar resolutions or approvals from any Person that is a limited liability company, partnership or trust. Lessee does hereby assume and agree to pay and perform all of the duties, obligations, liabilities and responsibilities of Lessor and all Sprint Additional Parties under the Collocation Agreements affecting each Site arising from and after the Effective Date, and Lessee will receive all rents payable under such Collocation Agreement for periods occurring from and after the Effective Date. Lessor, each Sprint Additional Party and Lessee acknowledge and agree that in connection with the transactions described in this Section 5(a), certain of the Collocation Agreements may be required to be bifurcated as provided in Section 6.11 of the Agreement to Lease and Sublease and shall be subject to further bifurcation as provided in Section 41(f).