Common use of Village's Reservation Clause in Contracts

Village's Reservation. The Village reserves and retains the right to raze or replace the Elevated Tank at the same or a new location on the Property. In the event the Village chooses to raze or replace the Elevated Tank, the Village may, at any time during the Term or any Additional Term require Licensee to change the location of the Antenna Facilities on Exhibit “C” to a substantially similar area on the Property (the "New Location") provided that the New Location is oriented in the same direction, is at the same height as the original location, and meets all of the Plans and Specifications and is acceptable to Licensee, and also provided that Licensee’s use at the Premises is not interrupted or diminished during said relocation. In the event that the New Location is not reasonably acceptable to Licensee, (in Licensee’s sole and absolute discretion), for the operation of its Antenna Facilities, Licensee shall have the right to terminate this Agreement upon thirty (30) days prior written notice to the Village. Notwithstanding anything contained to the contrary herein, in no event shall Licensee be required to relocate the Antenna Facilities more than once in any ten (10) year time period during the Term of this Agreement.

Village's Reservation. The Village reserves and retains the right to raze or replace the Elevated Tank at the same or a new location on the Property. In the event the Village chooses to raze or replace the Elevated Tank, the Village may, at any time during the Term or any Additional Term require Licensee to change the location of the Antenna Facilities on Exhibit “C” to a substantially similar area on the Property (the "New Location") provided that the New Location is oriented in the same direction, is at the same height as the original location, and meets all of the Plans and Specifications and is acceptable to Licensee, and also provided that Licensee’s use at the Premises is not interrupted or diminished during said relocation. In the event that the New Location is not reasonably acceptable to Licensee, (in Licensee’s sole and absolute discretion), for the operation of its Antenna Facilities, Licensee shall have the right to terminate this Agreement upon thirty (30) days prior written notice to the Village. Notwithstanding anything contained to the contrary herein, in no event shall Licensee be required to relocate the Antenna Facilities more than once in any ten (10) year time period during the Term of this Agreement. Tank Comment [JZ2]: I am waiting for a response from Village staff as to this statement. that as of the Effective Date, the Village has no current plan to raze or replace the Elevated .

Village's Reservation. The Village reserves and retains the right to raze or replace the Elevated Tank at the same or a new location on the Property. In the event the Village chooses to raze or replace the Elevated Tank, the Village may, at any time during the Term or any Additional Term require Licensee to change the location of the Antenna Facilities on Exhibit “"C” " to a substantially similar area on the Property (the "New Location") provided that the New Location is oriented in the same direction, is at the same height as the original location, and meets all of the Plans and Specifications and is acceptable to Licensee, and also provided that Licensee’s use at the Premises is not interrupted or diminished during said relocation. In the event that the New Location is not reasonably acceptable to Licensee, (in Licensee’s sole and absolute discretion), for the operation of its Antenna Facilities, Licensee shall have the right to terminate this Agreement upon thirty (30) days prior written notice to the Village. Notwithstanding anything contained to the contrary herein, in no event shall Licensee be required to relocate the Antenna Facilities more than once in any ten (10) year time period during the Term of this Agreement.