Common use of Increase Payment Clause in Contracts

Increase Payment. Notwithstanding anything in this Agreement to the contrary, however, in the event of an increase in the Sprint Collocation Charge as a result of the payment by Sprint Collocator of any Shared Ground Rent Increase Payment under this Agreement, no portion of the Sprint Collocation Charge attributable to any Shared Ground Rent Increase Payment shall be subject to the annual increase in the Sprint Collocation Charge provided for in Section 11(b) (except that Sprint Collocator will be obligated to pay as a part of the Sprint Collocation Charge any periodic increases in the Shared Ground Rent Increase Payment based on increased rent, fees and other charges provided for in the applicable Ground Lease during the period of the applicable renewal or extension). The foregoing sentence shall not limit the annual increase in the portions of the Sprint Collocation Charge other than the Shared Ground Rent Increase Payment as provided in Section 11(b). If Lessor or Lessee is not able to renew or extend any Ground Lease in accordance with Section 4(c) and this Section 4(d), then the Parties will permit such Ground Lease to expire on the applicable expiration date, in which event this Agreement will have no further force and effect as to the Leased Site or Other Interest Site, as applicable, to which such Ground Lease applies except for such obligations accruing prior to or as of such expiration date that are then unperformed.

Appears in 6 contracts

Samples: Master Lease and Sublease (Global Signal Inc), Master Lease and Sublease (Global Signal Inc), Master Lease and Sublease (Global Signal Inc)

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