Examples of Managed Sites in a sentence
Managed Sites include all Non-Contributable Sites and all Pre-Lease Sites which have not yet been converted to Lease Sites.
Each of the MPL and Management Agreement will be treated as a “true lease” between the applicable Verizon Parties and Verizon Lessors (or if any such Verizon Party or Verizon Lessor is disregarded as separate from another Verizon Group Member for Net Income Tax purposes, such Verizon Group Member) (each as a lessor) and Tower Operator (as lessee), with respect to the MPL Sites and the Managed Sites (excluding any Managed Sale Site).
Manager shall pay, or cause to be paid, as and when due and without duplication of any such payments made under any other Collateral Agreement, Tower Operator's Share of Transaction Revenue Sharing Payments that are required to be made in respect of the Final Managed Site Consideration and the Aggregate Deferred Managed Site Consideration for all Managed Sites.
Notwithstanding anything to the contrary herein, no leasehold, subleasehold or other real property interest is granted pursuant to Section 3(a) in the Included Property of any Managed Site until the Subsequent Closing (if any) at which such Managed Site is converted to a Lease Site; provided, however, that for U.S. federal income Tax purposes this Agreement shall be treated as a lease of the Managed Sites as described in Section 3(i).
In accordance with the provisions of Section 2(d), Tower Operator may enter into waivers, amendments, extensions, restatements, renewals and any other documentation relating to any Collocation Agreements, to the extent they apply to the Managed Sites, or enter into new Collocation Agreements applicable to the Managed Sites.