Common use of Early Termination by Either Party Clause in Contracts

Early Termination by Either Party. If Licensee does not obtain all Regulatory Approvals for any Pole License by the first anniversary of its effective date, either party will have the right to terminate that Pole License on 60 days’ notice, which the terminating party must deliver to the other party within 10 business days after the first anniversary of the effective date of the Pole License to be terminated. If a Pole License is terminated under this provision, the Commencement Date will be deemed not to occur, and Licensee will have no obligation to pay the License Fee. If Licensee obtains all Regulatory Approvals within such sixty (60) day period, City’s termination notice shall be deemed revoked, and the Pole License shall remain in full force and effect.

Appears in 2 contracts

Samples: Master License Agreement, Master License Agreement

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Early Termination by Either Party. If Licensee does not obtain all Regulatory Approvals for any Pole License within six (6) months of the full execution by both parties of the first anniversary of its effective datePole License, either party will have the right to terminate that Pole License on 60 days’ noticenotice (“Notice Period”), which the terminating party must deliver to the other party within 10 business days after the first anniversary of the effective date of the Pole License to be terminated. If a Pole License is terminated under this provision, the Commencement Date will be deemed not to occur, and Licensee will have no obligation to pay the License Fee. If Licensee obtains all Regulatory Approvals within such sixty (60) the 60 day periodNotice Period, City’s the termination notice shall be deemed revoked, revoked and the Pole License shall remain in full force and effect.

Appears in 1 contract

Samples: Fiber License Agreement

Early Termination by Either Party. If Licensee does not obtain all Regulatory Approvals for any Pole License within six (6) months of the full execution by both parties of the first anniversary of its effective datePole License, either party will have the right to terminate that Pole License on 60 days’ noticenotice (“Notice Period”), which the terminating party must deliver to the other party within 10 business days after the first anniversary of the effective date of the Pole License to be terminated. If a Pole License is terminated under this provision, the Commencement Date will be deemed not to occur, and Licensee will have no obligation to pay the License Fee. If Licensee obtains all Regulatory Approvals within such sixty (60) the 60 day periodNotice Period, City’s the termination notice shall be deemed revoked, revoked and the Pole License shall remain in full force and effect.

Appears in 1 contract

Samples: Master License Agreement

Early Termination by Either Party. If Licensee does not obtain all Regulatory Approvals for any Pole License within six (6) months of the full execution by both parties of the first anniversary of its effective datePole License, either party will have the right to terminate that Pole License on 60 days’ noticenotice (“Notice Period”), which the terminating party must deliver to the other party within 10 business days after the first anniversary of the effective date of the Pole License to be terminated. If a Pole License is terminated under this provision, the Commencement Effective Date will be deemed not to occur, and Licensee will have no obligation to pay the License Fee. If Licensee obtains all Regulatory Approvals within such sixty (60) the 60 day periodNotice Period, City’s the termination notice shall be deemed revoked, revoked and the Pole License shall remain in full force and effect.

Appears in 1 contract

Samples: walnutcreek.granicus.com

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Early Termination by Either Party. If Licensee does not obtain all Regulatory Approvals for any Pole License by the first anniversary of its effective date, either party will have the right to terminate that Pole License on 60 days’ noticenotice (“Notice Period”), which the terminating party must deliver to the other party within 10 business days after the first anniversary of the effective date of the Pole License to be terminated. If a Pole License is terminated under this provision, the Commencement Date will be deemed not to occur, and Licensee will have no obligation to pay the License Fee. If Licensee obtains all Regulatory Approvals within such sixty (60) day periodthe Notice Period, City’s termination notice shall be deemed revoked, and the Pole License shall remain in full force and effect.

Appears in 1 contract

Samples: Master License Agreement

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