Common use of Tower Leases Clause in Contracts

Tower Leases. In connection with the Tower Separation, 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) of 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:

Appears in 2 contracts

Samples: Agreement and Plan of Merger (American Radio Systems Corp /Ma/), Agreement and Plan of Merger (CBS Corp)

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Tower Leases. In connection with the Tower SeparationMerger, 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) of the American Disclosure Schedules ("Towers"). The markets in which such Towers 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(i6.17(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:

Appears in 2 contracts

Samples: Agreement and Plan of Merger (American Radio Systems Corp /Ma/), Agreement and Plan of Merger (Westinghouse Electric Corp)

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Tower Leases. In connection with Prior to the earlier to occur of the Tower SeparationMerger ------------ Effective Time and the Effective Time, Mergeparty CBS 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) of 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." Appendix D attached hereto and made a part hereof. 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, as set forth in Section 11.2. Each of the Tower Leases shall contain standard and customary terms and conditions and Mergeparty CBS and American specifically agree to the inclusion of the following in each of the Tower Leases:

Appears in 1 contract

Samples: Separation Agreement (American Tower Systems Corp)

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