Managed Site definition

Managed Site means, for purposes of this Agreement and until any such Site is converted to a Lease Site as provided herein, each Site that is identified on Exhibit A, but is not identified as a Lease Site on Exhibit B and is therefore subject to this Agreement as a Managed Site as of the Effective Date, until such Site is converted to a Lease Site as provided herein. Managed Sites include all Non-Contributable Sites and all Pre-Lease Sites which have not yet been converted to Lease Sites.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Managed Site means a Managed MPL Site or a Managed Sale Site.

Managed Site means a Site subject to a Site Management Agreement.

Examples of Managed Site in a sentence

In no event will a Commnet Party agree to enter into any Ground Lease (including to cure the Managed Site Condition with respect to the Short Term/No Ground Lease Sites) or amend the terms of any Ground Lease or any Collocation Agreement to the extent it relates to a period after the Initial Site Closing Date for a Portfolio Site without the prior written approval of Buyer, which approval will not be unreasonably withheld, conditioned or delayed.
If Commnet approves the incurrence of such costs and expenses in writing, Commnet shall be responsible for reimbursing, and shall promptly (but in any event no later than sixty (60) days following request with reasonable detail therefor) reimburse, Buyer for all approved commercially reasonable and documented out-of-pocket costs and expenses incurred by it in connection with any efforts to cause the Managed Site Condition(s) causing any Portfolio Site to be a Managed Site to be cured.
In addition, the Parties agree that: (i) the matters identified Schedule 2.8(d) hereto shall not constitute Managed Site Conditions and have been factored into the determination of the Allocated Site Consideration for the applicable Portfolio Sites, and (ii) Buyer will assume the liability for such Managed Site Conditions at the Initial Site Closing for each such Sale Site and will not have any recourse against the Commnet Parties for any such Managed Site Conditions.
The Parties shall hold a Closing (each a “Subsequent Closing”) to effectuate a Closing for any Managed Site that has become an Assignable Site since the prior Closing Date, any Deferred Site that has become a Managed Site or an Assignable Site since the prior Closing Date or, at the Final Subsequent Closing, any Managed Site or Assignable Site that has become an Excluded Site, and such Closing shall be deemed to have occurred at 12:00 am (Eastern Time) on such Closing Date.
For the avoidance of doubt, the Commnet Group Members (including Commnet and, prior to or at the applicable Closing, the applicable Sale Site Subsidiary) shall not be required to provide a Title Policy Affidavit for any Portfolio Site that is a Managed Site.

More Definitions of Managed Site

Managed Site means all Tower Sites that do not constitute Owned Tower Sites, that are tower, rooftop or land sites, owned by third parties, on which an Asset Entity leases the space on which a wireless communications tower is located and receives a commission or other compensation and subleases such space to users of such tower or will have a right to broker such leases to such users in exchange for a portion of the revenues generated by such leases pursuant to a lease, management or similar agreement.

Managed Site has the meaning specified in the Loan Agreement.

Managed Site means, at any time of determination, any Portfolio Site (other than an Excluded Site) that is a Non-Assignable Site because it satisfies any of the Managed Site Conditions and that has been designated as a Managed Site on the Signing Site Designation List or in accordance with Section 4.4(a) of this Agreement prior to the Initial Closing and, at the time of determination, remains subject to any such uncured Managed Site Conditions.

Managed Site means, for purposes of this MLA and until any such Site is converted to an Assignable Site as provided herein and in the APA, each Site that is (a) identified on Exhibit D and is therefore subject to this MLA and the Management Agreement as a Managed Site as of the Effective Date, until such Site is converted to an Assignable Site as provided in this MLA and the APA, and (b) each Deferred Site that becomes designated as a Managed Site in accordance with the APA as of the applicable Closing Date, and, as a result of such designation as a Managed Site, becomes subject to this MLA and the Management Agreement pursuant to an Amendment to this MLA that is to be entered into as provided for in Section 2.2(c)(iv)(A) of the APA.

Managed Site means all Tower Sites that do not constitute Owned Tower Sites, that are tower, rooftop or land sites, owned by third parties, on which an Asset Entity leases, licenses or manages the space on which a wireless communications tower is located and receives a commission or other compensation and subleases such space to users of such tower or has a right to

Managed Site means a Managed MPL Site or a Managed Sale Site. “Management Agreement” has the meaning set forth in the Recitals.

Managed Site means any Portfolio Site (other than an Excluded Site or a Deferred Site) that (i) is not an Assignable Site or (ii) is deemed not to be an Assignable Site in accordance with Section 4.4(b) or 4.6(a). For the avoidance of doubt, a Managed Site is also an Exception Site.