Common use of Option to Purchase Abandoned Poles Clause in Contracts

Option to Purchase Abandoned Poles. Should the District desire to abandon any Pole, the District, in its sole discretion, may grant Licensee the option of purchasing such Pole at a rate, which is the value in place, at that time, of such abandoned Pole. Licensee must notify the District in writing within thirty (30) calendar days of the date of the District’s notice of abandonment that Licensee desires to purchase the abandoned Pole. Thereafter, Licensee must also secure and deliver proof of all necessary governmental approvals and easements allowing Licensee to independently own and access the Pole within forty-five

Option to Purchase Abandoned Poles. Should the District Utility desire to abandon any Pole, the DistrictUtility, in its sole discretion, may grant Licensee the option of purchasing such Pole at a rate, which is the value in place, at that time, of such abandoned Pole. Licensee must notify the District Utility in writing within thirty (30) calendar days of the date of the DistrictUtility’s notice of abandonment that Licensee desires to purchase the abandoned Pole. Thereafter, Licensee must also secure and deliver proof of all necessary governmental approvals and easements allowing Licensee to independently own and access the Pole within forty-five