Common use of Operator Assignment Clause in Contracts

Operator Assignment. (a) The Operator may assign, transfer or otherwise dispose of its rights and interests in: (i) up to 5% of the Site Licences; or (ii) 95% or more of the Site Licences, without the prior consent of TowerCo. (b) The Operator must not assign, transfer or otherwise dispose of its rights and interests in between 5% and 95% of the Site Licences without the prior consent of TowerCo, which consent shall not be unreasonably withheld.

Appears in 2 contracts

Sources: Master Lease Agreement, Master Lease Agreement (Hutchison Telecommunications International LTD)