Tower Lease Clause Samples
A Tower Lease clause establishes the terms under which one party (the lessee) is granted the right to use space on a telecommunications tower owned by another party (the lessor). This clause typically outlines the duration of the lease, the specific location and dimensions of the leased space on the tower, permitted uses (such as installing antennas or related equipment), and the payment structure, including rent and any escalation provisions. By clearly defining the rights and obligations of both parties, the Tower Lease clause ensures that the lessee can operate their equipment without interference, while the lessor retains control over the property and receives compensation, thereby preventing disputes and facilitating reliable telecommunications operations.
POPULAR SAMPLE Copied 1 times
Tower Lease. A Lease with a communication carrier or a tower development firm pursuant to which such carrier or firm will occupy a portion of a self-storage property for the purpose of using and/or constructing a monopole or tower or other structure thereon to which will be attached communications equipment and antennae, provided that any such Lease shall contain a relocation clause permitting relocation of the demised premises on the Real Estate site where the demised premises are located to allow re-use or re-development of such Real Estate site, and further provided that such relocation clause shall not be required (i) in any Tower Lease in existence as of June 25, 2008, or (ii) in any pre-existing Tower Lease on Real Estate acquired after June 25, 2008.
Tower Lease. Within thirty (30) days after the date of this Agreement, the Seller Parties shall use their reasonable best efforts to cause LIN to enter into an amendment to the Tower Lease Agreement dated as of August 7, 2014 between LIN TV (d/b/a WALA-TV) and LIN TV (d/b/a WFNA-TV) (the “Tower Lease”), in form and substance reasonably satisfactory to the Buyer, including that: (a) the amendment would become effective as of the Closing; (b) the initial term of the Tower Lease will expire on the second (2nd) anniversary of the Closing Date; (c) during such initial term, (i) no rent will be payable, (ii) LIN TV, as lessee, may terminate the Tower Lease upon thirty (30) days prior written notice, (iii) the Buyer, as lessor, will be responsible for tower maintenance costs and (iv) LIN TV, as lessee, will be responsible for electrical costs and its allocable portion of tower, transmitter and antenna tax and other costs; and (d) prior to the end of such initial term, at LIN TV’s request, the Buyer and LIN TV will use their commercially reasonable and good faith efforts to extend the Tower Lease on customary, arm’s-length terms and conditions for a lease of the nature of the Tower Lease, including (i) with respect to rent and (ii) that LIN TV will be responsible for its allocable portion of tower (including maintenance), transmitter and antenna tax and other costs; provided that, at the end of such initial term, the Tower Lease shall be automatically extended for a period of at least three (3) years and the rent during such additional three (3) year term shall be $10,000 per month.
Tower Lease. ▇▇▇ agrees to cause Token Towers, L.C. to enter into a lease with the L.C. for WKHK-FM to transmit from the tower owned by Token Towers, L.C. as part of the Definitive Agreements. The lease will have an initial term of five years, with five subsequent five year renewal options. In addition, upon successful negotiation of a new land lease by Token Towers, L.C., the L.C. will receive two additional five year renewal options. Lease payments will be made monthly, or annually in advance, at a base rate of $30,000 per year for the first five years, with a rate adjustment upon subsequent renewals based on the annual compounded change in the Consumer Price Index since the date of the last rate adjustment.
Tower Lease. Seller shall negotiate with Buyer in good faith toward the execution of the Tower Lease, which shall provide for reasonable rental payments, for rental space on Seller's antenna tower for all of Buyer's equipment which is necessary for operation of the Station by Buyer.
Tower Lease. The parties will have executed the Tower Lease as of Closing.
Tower Lease. The parties have agreed that Buyer will negotiate ---------------- directly with Boulder City, Nevada, to enter into a new lease agreement for tower space for Station KSTJ-FM at Red Mountain Communication Site, and that Centennial Broadcasting will not assign to ▇▇▇▇▇▇▇ its Joint Use Space Lease Agreement for such tower space dated September 1, ▇▇▇▇ (▇▇▇ "▇▇▇▇ Tower Lease"). Accordingly, the Purchase Agreement is amended as follows:
Tower Lease. Seller shall have entered into a tower lease for the site specified in the Modified Construction Permit acceptable to Buyer which permits the Station to install a standby power generator (or to use an existing standby power generator located at the site), a receive-only satellite dish and two microwave antennas. Such tower lease shall be assumed by Buyer at Closing and Seller shall have obtained any necessary Consents to transfer to Buyer at the Closing such tower lease.
Tower Lease. All right, title and interest of Seller in and to the Tower Lease Agreement described in Schedule 3.9;
Tower Lease. Lee ▇▇▇eby accepts the assignment of the Tower Lease from Ramar to ACME effective as of the earlier of the Closing of the KASY Purchase Agreement or December 3, 1999. Pursuant to Section 4(b) of the Tower Lease, the parties agree, however, that the monthly rental amount shall equal $2,232 as of November 1, 1999. The rent amount shall be adjusted annually to match the "current market value" as defined in Section 4(b) of the Tower lease.
Tower Lease. To the Knowledge of the Seller, (i) the Seller has delivered to the Optionee a true, correct and complete copy of its lease with American Tower L.P. relating to the Tower (the "Tower Lease"), and (ii) the representations and warranties contained in the third sentence of Section 4.9(a) are true and correct with respect to the Tower Lease (except that for purposes of this clause (ii), all references in such sentence to the Real Property Leases, and to Seller and its Subsidiaries, shall be deemed, respectively, references to the Tower Lease and the lessee thereunder).