Spectrum Lease Sample Clauses

Spectrum Lease. Sensus hereby grants to Customer, and Customer accepts, a spectrum manager lease (“Spectrum Lease”) over the frequencies of certain FCC license(s) (“FCC License”) solely within Customer’s Service Territory. (The frequencies of the FCC License within Customer’s geographic Service Territory are called the “Leased Spectrum”). Customer shall pay the Ongoing Fees for use of the Leased Spectrum.

Spectrum Lease. (a) TerreStar Parent, TerreStar Networks, EchoStar and the JV shall use all commercially reasonable efforts to enter into a lease agreement (the “Initial Lease”) within 15 days of the closing date specified in the Master Investment Agreement subject to TerreStar Parent’s reasonable satisfaction with regard to the accounting treatment of the Initial Lease. The Initial Lease may be subject to any required FCC approvals or notifications, provided that the parties will use all commercially reasonable efforts to obtain or make such approvals or notifications as promptly as practicable. The Initial Lease shall be in the form as mutually agreed between EchoStar and TerreStar Networks (each acting reasonably) and in substantially the form attached hereto as Exhibit C and which will substantially reflect the rights and obligations of the licensee and Spectrum Lessee under a long-term de facto transfer lease as set out in 47 CFR § 1.9030. (b) Pursuant to the Initial Lease TerreStar Networks will (i) lease the EchoStar Spectrum from Port for annual payments of $26,500,000, payable on February 1 in each year during the nine-year term of the lease, with the initial payment due February 1, 2009 and (ii) be entitled at its election at the end of lease term to purchase from Port the EchoStar Spectrum for a single cash payment of $82,856,750. If TerreStar Networks elects to exercise the purchase option at the end of the lease term, Port will sell, transfer and convey all of its right, title and interest in the EchoStar Spectrum free and clear of any liens or encumbrances. If TerreStar Parent, TerreStar Networks, EchoStar and Port do not enter into the Initial Lease within 30 days of the closing date specified in the Master Investment Agreement, TerreStar Parent will be deemed to have made the election set forth in Section 2.04(b), subject to the conditions set forth herein. If TerreStar Parent elects to effect one of the Option Transactions and the conditions to TerreStar Parent’s obligations to complete such Option Transaction are not met for any reason that is not caused by TerreStar Parent and that occurs despite TerreStar Parent’s good faith, reasonable best efforts to achieve completion of such Option Transaction, TerreStar Parent may terminate the Initial Lease by written notice to EchoStar and Port.

Spectrum Lease. Seller has a lease (“Current Spectrum Lease”) with the Spectrum For Living Group Homes, Inc., a New Jersey corporation (“Spectrum Group”), for the lease of a portion of the existing Conference Center on the Property. Seller agrees to provide the Current Spectrum Lease and the contact information for the appropriate person at Spectrum Group for discussing the Current Spectrum Lease (“Current Spectrum Contact Information”) to the Buyer as part of the Due Diligence Materials (described in Section 6(b) of this Agreement). Seller agrees that it will assist in the negotiations with the Spectrum Group regarding the following: (i) That the Current Spectrum Lease ends on or before June 30, 2014, or such other date agreed to by the Buyer and Spectrum Group; (ii) That the Current Spectrum Lease be amended regarding the Spectrum Group’s use of the Conference Center or the ▇▇▇▇▇▇▇ Center on the Property in order to accommodate the Buyer’s construction timeline for the Property; and (iii) That the Current Spectrum Lease be amended regarding the Spectrum Group’s use of those certain parking spaces on the Property in order to accommodate the Buyer’s construction timeline for the Property. Any agreed to revisions and/or negotiations to the Current Spectrum Lease shall be memorialized and agreed to by the Seller, Buyer and the Spectrum Group and shall be attached hereto as Exhibit C and incorporated herein by this reference (“Spectrum Lease Amendment”). Seller agrees that at Closing it will assign the Current Spectrum Lease to Buyer. Further, Seller agrees that at Closing, Seller will obtain and provide an Estoppel Certificate for the Current Spectrum Lease.

Spectrum Lease. Contractor hereby grants to City, and City accepts, a spectrum manager lease (Spectrum Lease) over the frequencies of certain FCC license(s) (FCC License) solely within City’s Service Territory. (The frequencies of the FCC License within City’s geographic Service Territory are called the Leased Spectrum). City shall pay the Ongoing Fees for use of the Leased Spectrum.