Common use of Term and Termination Rights Clause in Contracts

Term and Termination Rights. (a) Term; Conversion to Site Lease Agreement under Sale Site MLA. The initial term of this Agreement as to each Site shall be for a 10 year period from the Effective Date. The term of this Agreement as to each Site shall be automatically extended for eight additional five year renewal terms, unless it is terminated earlier pursuant to a termination right exercised in accordance with this Section 3, Section 25, Section 30 or Section 31 with respect to a Site. Notwithstanding the foregoing, (i) in all cases with respect to all Sites for which the Tower Operator does not exercise its Purchase Options, the term of this Agreement as to any such Site shall automatically expire on the Site Expiration Date for such Site and (ii) in all cases with respect to all Sites for which the Tower Operator exercises its Purchase Options, the term of this Agreement as to any such Site shall automatically expire on the Purchase Option Closing Date for such Site and such Site shall automatically become subject to and a “Site” under and governed by the Sale Site MLA (and the Parties shall enter into appropriate documentation to evidence the same).

Appears in 2 contracts

Samples: Master Lease Agreement (T-Mobile US, Inc.), MPL Site Master Lease Agreement (Crown Castle International Corp)

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Term and Termination Rights. (a) Terma)Term; Conversion to Site Lease Agreement under Sale Site MLA. The initial term of this Agreement as to each Site shall be for a 10 year period from the Effective Date. The term of this Agreement as to each Site shall be automatically extended for eight additional five year renewal terms, unless it is terminated earlier pursuant to a termination right exercised in accordance with this Section 3, Section 25, Section 30 or Section 31 with respect to a Site. Notwithstanding the foregoing, (i) in all cases with respect to all Sites for which the Tower Operator does not exercise its Purchase Options, the term of this Agreement as to any such Site shall automatically expire on the Site Expiration Date for such Site and (ii) in all cases with respect to all Sites for which the Tower Operator exercises its Purchase Options, the term of this Agreement as to any such Site shall automatically expire on the Purchase Option Closing Date for such Site and such Site shall automatically become subject to and a “Site” under and governed by the Sale Site MLA (and the Parties shall enter into appropriate documentation to evidence the same).. (b)

Appears in 1 contract

Samples: Master Lease Agreement

Term and Termination Rights. (a) Terma)Term; Conversion to Site Lease Agreement under Sale Site MLA. The initial term of this Agreement as to each Site shall be for a 10 10-year period from the Effective Date. The , and the term of this Agreement as to each Site shall be automatically extended for eight additional five five-year renewal terms, in each case unless it is terminated earlier pursuant to a termination right exercised in accordance with this Section 3, Section 5(d)(iii), Section 8, Section 25, Section 30 or Section 31 with respect to a Site. Notwithstanding the foregoing, (i) in all cases with respect to all Sites for which the Tower Operator does not exercise its a Purchase OptionsOption prior to the applicable Site Expiration Date, the term of this Agreement as to any such Site shall automatically expire on the such Site Expiration Date for and Tower Operator’s interest in and to such Site Site, including the AT&T Collocation Space, will revert to the applicable AT&T Lessor or AT&T Ground Lease Party; and (ii) in all cases with respect to all Sites for which the Tower Operator exercises its Purchase Options, the term of this Agreement as to any such Site shall automatically expire on the Purchase Option Closing Date for such Site and such Site shall automatically become subject to and a “Site” under and governed by the Sale Site MLA (and the Parties shall enter into appropriate documentation to evidence the same).. (b)

Appears in 1 contract

Samples: Master Lease Agreement

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Term and Termination Rights. (a) Term; Conversion to Site Lease Agreement SLA under Sale Site MLA. The initial term of this Agreement as to each Site shall be for a 10 year period from the Effective Date. The term of this Agreement as to each Site shall be automatically extended for eight additional five year renewal terms, unless it is terminated earlier pursuant to a termination right exercised in accordance with this Section 3, Section 25, Section 30 or Section 31 with respect to a Site. Notwithstanding the foregoing, (i) in all cases with respect to all Sites for which the Tower Operator does not exercise its Purchase Options, the term of this Agreement as to any such Site shall automatically expire on the Site Expiration Date for such Site and (ii) in all cases with respect to all Sites for which the Tower Operator exercises its Purchase Options, the term of this Agreement as to any such Site shall automatically expire on the Purchase Option Closing Date for such Site and such Site shall automatically become subject to and a "Site" under and governed by the Sale Site MLA (and the Parties shall enter into appropriate documentation to evidence the same).

Appears in 1 contract

Samples: MPL Site Master Lease Agreement (Crown Castle International Corp)

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