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 the date hereof, or (ii) in any pre-existing Tower Lease on Real Estate hereinafter acquired.
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. Xxx 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. 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).
Tower Lease. Seller shall have entered into a tower lease agreement with Hampton Roads Educational Telecommunications Corporation ("HRETC") for space on a tower to be constructed by HRETC for television station WHRO (the "New WHRO Tower"), subject to and in accordance with the following: (A) Buyer shall be solely responsible for negotiating the terms and provisions of said lease agreement directly with HRETC and for preparing the documentation of said lease agreement; (B) Buyer shall keep Seller informed of such negotiations and shall permit Seller to be present at such negotiations; (C) said lease agreement shall expressly provide that it is assignable by Seller to Buyer and that upon such an assignment, HRETC shall release Seller from any and all further obligations and liabilities arising thereunder; (D) Seller hereby covenants to Buyer that at the Closing Seller shall assign said lease agreement to Buyer; and (E) Buyer hereby covenants to Seller that at Closing Buyer shall assume said lease agreement from Seller; and (F) said lease agreement shall expressly provide that if the transactions contemplated by this Agreement are not consummated, Seller, in its sole discretion, shall have the option to terminate said lease agreement without penalty.
Tower Lease. Lee xxxeby 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. All right, title and interest of Seller in and to the Tower Lease Agreement described in Schedule 3.9;
Tower Lease. To the Knowledge of the Debtor, (i) the Debtor has delivered to AIC a true, correct and complete copy of its lease with American Tower L.P. relating to the Tower (the "Tower Lease"), and (ii) the representation and warranties contained in the third sentence of Section 3.8(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 Leases, and to the Debt Parties, shall be deemed, respectively, references to the Tower Lease and the lessee thereunder).
Tower Lease. At the Closing, Seller shall cause its affiliate Greater ----------- Media Tower Company (the "Tower Site Lessee") that leases the real property used as the Station's tower site for its main transmitter (the "Tower Site") and owns the tower and transmitter building located at the Tower Site to enter into a lease of such space on such tower and on the ground at such property as currently or historically used by the Station in form and substance reasonably satisfactory to Buyer and Seller (the "Tower Lease"). The Tower Lease shall commence upon the Closing Date, shall be for a term expiring September 30, 2017, and for no rent (all rental consideration being given hereunder with Buyer responsible for electricity used by the Station's transmitting equipment (separate metering or sub-metering equipment to be installed at Buyer's expense)), provided that Buyer shall reimburse the Tower Site Lessee for Buyer's proportionate share (which shall be deemed to be 50%) of regular maintenance of the tower and real property taxes charged to the Tower Site Lessee by the Lessor of the Tower Site pursuant to the Lease Agreement that commenced October 1, 1997 relating thereto (the "Tower Site Lease"). The Tower Lease shall terminate upon the demised premises ceasing to serve as a transmitter site for the Station.
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 Xxxxxxx its Joint Use Space Lease Agreement for such tower space dated September 1, 0000 (xxx "XXXX Tower Lease"). Accordingly, the Purchase Agreement is amended as follows:
