Conversion Closing definition

Conversion Closing has the meaning set forth in the Agreement to Lease and Sublease.

Conversion Closing means the conversion of (i) a Non-Contributable Site to a Contributable Site or (ii) a Pre-Lease Site into a Lease Site subsequent to the Effective Date.

Conversion Closing shall have the meaning ascribed thereto in Section 3.1 above.

Examples of Conversion Closing in a sentence

• Each Master Lease Site in addition to the Initial Master Lease Sites will be made subject to this Agreement by means of a Conversion Closing (after which Lessor and Lessee will execute and deliver at a Technical Closing a Master Lease Site Designation Supplement between Lessor and Lessee and the amendment of Exhibit A hereto to reflect such Site as a Master Lease Site instead of a Pre-Lease Site).

• Subject to the terms and conditions of this Agreement, as of the Effective Date as to the Initial Lease Sites, and thereafter as of the applicable Conversion Closing Date as to each Managed Site converted to a Lease Site hereunder pursuant to a Conversion Closing, Tower Operator hereby leases to T-Mobile Collocator, and T-Mobile Collocator hereby leases from Tower Operator, the T-Mobile Collocation Space of all of the Lease Sites.

• Notwithstanding anything to the contrary herein, no leasehold, subleasehold or other real property interest is granted pursuant to this Agreement in the T-Mobile Collocation Space at any Managed Site until the Conversion Closing at which such Managed Site is converted to a Lease Site.

• Subject to the terms and conditions of this Agreement, as of the Effective Date as to the Initial Assignable Sites, and thereafter as of the applicable Conversion Closing Date as to each Non-Assignable Site converted to an Assignable Site hereunder pursuant to a Conversion Closing, Tower Operator hereby leases to T-Mobile Collocator, and T-Mobile Collocator hereby leases from Tower Operator, the T-Mobile Collocation Space of all of the Assignable Sites.

• Subject to the terms and conditions of this Agreement, as of the Effective Date as to each Non-Assignable Site, until the applicable Conversion Closing Date with respect to such Site (if any), Tower Operator hereby reserves and makes the T-Mobile Collocation Space available for the exclusive use and possession of T-Mobile Collocator except as otherwise expressly provided herein, whether or not such T-Mobile Collocation Space is now or hereafter occupied.

More Definitions of Conversion Closing

Conversion Closing means the conversion of a Non-Assignable Site into an Assignable Site subsequent to the Effective Date.

Conversion Closing has the meaning set forth in Section 2.6(c).

Conversion Closing shall have the meaning provided in Section 1 of this Agreement.

Conversion Closing is defined in Section 6(A)(i).

Conversion Closing has the meaning set forth in Section 2.6(c). “Conversion Closing Date” means, with respect to each Conversion Closing, the date on which such Conversion Closing is deemed to have occurred under Section 2.6(c). “Corrective Assignment” has the meaning set forth in Section 2.8(d). “Crown” has the meaning set forth in the preamble. “Crown Disclosure Letter” means the disclosure letter delivered by Crown to the T-Mobile Parties prior to the execution and delivery of this Agreement. “Crown Indemnified Parties” means Crown, the Tower Operator and the Sale Site Subsidiaries (after the Initial Closing), and each of their respective Affiliates, together with their respective members, managers and Representatives. “Crown Proposed Site Designation” has the meaning set forth in Section 3.3(a). “Crown Proposed TCF” has the meaning set forth in Section 3.3(a). “Crown Site Report” has the meaning set forth in Section 3.3(a). “Damaged Site” has the meaning set forth in Section 4.6(b). “Deferred Managed Site Consideration” means, with respect to each Managed Site, an amount equal to 10% of the product of (i) (a) prior to the determination of the Final Total TCF for such Site in accordance with Section 3.3, the Closing Total TCF for such Site, and (b) after the determination of the Final Total TCF for such Site, the Final Total TCF for such Site, multiplied by (ii) the TCF Multiple. “De Minimis Claim” has the meaning set forth in Section 12.5(a). “Environmental Law” means any federal, state or local statute, Law, ordinance, code, rule, regulation, order or decree, regulating, relating to or imposing liability or standards of conduct concerning protection of the environment or public or workplace health and safety as may now or at any time hereafter be in effect, including the following, as same may be amended or replaced from time to time, and all regulations promulgated under or in connection with the Superfund Amendments and Reauthorization Act of 1986; CERCLA; The Clean Air Act; The Clean Water Act; The Toxic Substances Control Act; The Solid Waste Disposal Act, as amended by the Resource Conservation and Recovery Act; The Hazardous Materials Transportation Act; and The Occupational Safety and Health Act of 1970. 7 “Equipment” means all physical assets (other than real property and interests in real property) located at the applicable Site on, in or attached to the Land, Improvements or Towers. With respect to any item of or interest in real property at any Site, any fixt...

Conversion Closing has the meaning given such term in Section 2.5 of this Agreement.

Conversion Closing has the meaning given in the Escrow Agreement.