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Tower Leases Sample Clauses

Tower LeasesIn connection with the Tower Merger, Tower Distribution or any Alternative Transaction, as the case may be, Mergeparty and American shall agree on the definitive documentation ("Tower Leases") to be executed by American and American Tower with respect to certain broadcasting towers set forth in Section 6.17(i) the American Disclosure Schedules ("Towers"). The markets in which such Towers, are located and the annual "market price" for each antenna are set forth in Exhibit "B." Except as set forth in Section 6.17(I) of the American Disclosure Schedule, such Towers are now owned or leased by American and shall become the property of American Tower. Each of the Tower Leases shall contain standard and customary terms and conditions and Mergeparty and American specifically agree to the inclusion of the following in each of the Tower Leases: (a) except as provided in clause (b) below with respect to those Tower Leases set forth in Section 6.19 of the American Disclosure Schedule, each Tower Lease shall be for a term of twenty (20) years with four (4) renewal periods of five (5) years each; each such renewal to be upon the same terms and conditions as the original Tower Lease. (b) Prior to the Effective time, American shall use its best efforts to extend the term of each lease set forth in Section 6.19 of the American Disclosure Schedule ("Land Leases") to a minimum duration of twenty (20) years, inclusive of renewal periods, if any, and provide Mergeparty with respect to the Towers subject to the extended Land Leases, tower leases with the equivalent benefits set forth in clauses (c), (d) and (e) and for a minimum duration of twenty (20) years ("Extended Tower Leases"). With respect to any such Land Lease that is not so extended (except with respect to the Land Lease for KUFX(FM), which present term of approximately eighteen (18) remaining years shall be deemed to satisfy the foregoing requirement of a minimum duration of twenty (20) years), American, American Tower and Mergeparty shall negotiate in good faith to agree upon definitive documentation to provide Mergeparty with respect to the Towers subject to such Land Leases, tower leases with the benefits equivalent of such Extended Tower Leases or mutually agreed to alternative arrangements providing equivalent value to Mergeparty. (c) each Tower Lease shall provide that no payments shall be payable by Mergeparty for a period of three (3) years from the Effective Time; for the next three (3) years the payments s...
Tower LeasesWith respect to any Tower Lease, such lease has expired and such lease does not expressly provide for a month-to-month tenancy following expiration, or any unexpired lease is not valid, binding or is in material default (including any monetary default greater than ninety (90) days);
Tower Leases. 9 Section 4.06 Interference Coordination Agreements.........................................................9 Section 4.07 Litigation...................................................................................9 Section 4.08 Compliance with Laws; Permits................................................................9 Section 4.09 Offering Exemption; Securities Representations...............................................9 Section 4.10 Brokers.....................................................................................10 Section 4.11 Suitability.................................................................................10 Section 4.12 Disclosure..................................................................................11 Section 4.13 Knowledge...................................................................................11 Article 5. Representations and Warranties of Clearwire...........................................................11
Tower Leases. HITN is not a party to any Tower Lease in a Market which is subject of a Pending Application.
Tower LeasesWith respect to leases or licenses of tower space to which LLC is a party ("Tower Leases"), (A) to LLC's knowledge, there are no applications, ordinances, petitions, resolutions or other matters pending before any governmental agency having jurisdiction to act on zoning changes that would prohibit or make nonconforming the use of any of the Leased Premises by LLC, (B) LLC has good and valid easement rights providing reasonable access and utilities to and from the Leased Premises under the Tower Leases, (C) LLC has not voluntarily granted any, and is not a party to any agreement providing for, and LLC has no knowledge of, any easements, conditions, restrictions, reservations, rights or options that would adversely affect the use of any of the Leased Premises under the Tower Leases for the same purposes and uses as such Leased Premises have been used by LLC, except for Permitted Liens.
Tower Leases. 41 6.20 Affiliates of American..........................................................42
Tower Leases. Section 3.24(i) of the Company Disclosure Schedule sets forth a true and complete list of the cell tower sites where the Acquired Companies lease or license space, which list includes the location of the cell tower and the identity of the lessor or licensor. The Acquired Companies have a good and valid leasehold interest in or license to the leased or licensed, as applicable, space at each of such tower sites.
Tower Leases. (a) Schedule 3.9 sets forth a true and complete list of the following information in relation to each of the Tower Leases: (i) the market in which the lease is used, (ii) the expiration date of the lease, (iii) the name of the lessor, (iv) the antenna structure registration number, (v) the address or location of the leased premises or Tower Site, and (vi) the monthly, quarterly or annual rent, as applicable, payable under such Tower Lease. True and complete copies of the Tower Leases have been provided by the Company to Purchaser. The Tower Leases set forth on Schedule 3.9 are all of the Tower Leases that are necessary to use the equipment associated with each Tower Site, and to access such equipment in connection with such use. (b) Except as set forth in Schedule 3.9(b), with respect to the Tower Leases, (i) each of the Tower Leases is valid, binding on the Company and, to the Actual Knowledge of Seller and the Company, each other party thereto and in full force and effect, enforceable by the Company in accordance with its terms; (ii) except as set forth on Schedule 3.9 and as contemplated by this Agreement, the Company has not assigned, pledged, transferred, or otherwise disposed of or granted any Lien on its rights, titles and interests under any of the Tower Leases to any other Person, nor, to the Actual Knowledge of Seller and the Company, has any other party to the Tower Leases so assigned, pledged, transferred, granted any Lien on, or otherwise disposed of any of its rights, title and interests thereunder; (iii) neither the Company nor, to the Actual Knowledge of Seller and the Company, any other party to any of the Tower Leases has failed to comply with or is in material breach or material default thereunder; and (iv) except as set forth on Schedule 3.9, to the Actual Knowledge of Seller and the Company, no condition exists or event has occurred and is continuing as of the date hereof and the Closing which, with or without the lapse of time or the giving of notice, or both, would constitute a material default by any party under any Tower Lease. (c) There are no Tower Subleases. (d) To the Actual Knowledge of Seller and the Company, all of the Transmission Towers located on the Tower Sites are obstruction-marked and lighted to the extent required by, and in accordance with, the rules and regulations of the Federal Aviation Administration (the "FAA") and the FCC Rules. To the Actual Knowledge of Seller and the Company, appropriate notification to the...
Tower Leases. Section 4.05 of the HITN Schedule sets forth a true and complete list of each Tower Lease to which HITN is party in a Market, the Market, the expiration date of the lease, the name of the lessor, the address or location of the leased premises or tower site, and the monthly, quarterly or annual rent, as applicable, payable under such Tower Lease. Each Tower Lease is valid, binding on HITN and, to the best knowledge of HITN, each other party thereto and is in full force and effect, enforceable by HITN in accordance with its terms. Neither HITN nor, to the best knowledge of HITN, any other party to any of the Tower Leases has failed to comply with or is in material breach or material default thereunder. Except as set forth on Section 4.05 of the HITN Schedule, to the best knowledge of HITN, no condition exists or event has occurred and is continuing which, with or without the lapse of time or the giving of notice, or both, would constitute a material default by any party under any Tower Lease.
Tower Leases. Through the date upon which the Additional Amount is ------------ paid in full, Tower Lease income shall be the property of Seller and subsequent to the date upon which the Additional Amount is paid in full, Tower Lease income shall be the property of Buyer.