Absolute Property definition

Absolute Property means the property of the Licensor which is absolute, in accordance to the following definition: the rights of the Licensor in and to its HEX Conduit System, the Hub Express System and their corresponding real property interests, personal property, conduits, innerducts, duct banks, handholes, manholes, underground vaults, structures, rights of way agreements, encroachment rights and all other underlying rights to the Licensor’s properties are hereby declared to be absolute; but upon the closing or discontinuance of any portion of the HEX Conduit System, such discontinued portion of the property may be sold or otherwise disposed of by the Licensor as may be provided by law. No Licensee may acquire any interest in the Absolute Property or create, cause or allow imposition by any party, any lien or encumbrance against the Absolute Property of the Licensor, and any and all alterations to the HEX Conduit System and its facilities shall, immediately upon installation, become the absolute property of the Licensor without any compensation to the Licensee. Nothing in this definition shall be deemed to create any lien, encumbrance or restrict the rights of a Licensee to Licensee’s own personal property installed within the Absolute Property as provided under this Agreement.
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Examples of Absolute Property in a sentence

  • Upon written request, Licensee agrees to repair or replace, to the Licensor’s reasonable satisfaction based on standards equivalent to those the Joint Trench Administrator requires of any other similarly situated party, any portions of the Absolute Property that the Licensor or the Joint Trench Administrator determines has been damaged, destroyed, defaced or otherwise injured as result of work performed by Licensee, its Approved Contractor, or agents under this Agreement.

  • During any term of the Agreement, Licensee covenants and agrees to duly and punctually pay all real estate or personal property taxes due with respect to its operations across the Absolute Property, including personal property tax for Licensee’s fiber optic cable or cables and all of Licensee owned facilities or properties installed in the Licensed Facilities, unless the Licensee is in good faith contesting its liability for the taxes, or lawfully exempted from payment of such taxes.

  • If Licensor is required by any municipal or public authority to relocate the Absolute Property or any portions thereof which contain Licensee’s properties within the Licensed Facilities under this Agreement, Licensee shall pay its proportionate share of total relocation costs.

  • Neither Licensee’s use of the Licensed Facilities or other Licensor-owned property, nor anything contained in this Agreement, shall be deemed to grant, convey, create, or vest in Licensee a real property interest in any portion of the Absolute Property and its Premises or any other Licensor-owned property, including but not limited to, any fee, leasehold or easement interest.

  • In performance of all constructions, installations, technical works or procedures under this Agreement, Licensee, its agents and Approved Contractors shall exercise due care, caution, skill and expertise and shall take all reasonable steps to safeguard and maintain a clean and workmanlike manner at all work site areas, including, without limitation, the areas around the Absolute Property, including public ways, property or encroachment areas upon which such work is being performed.

  • Further, prior to conducting any such work in the Absolute Property, Licensee shall provide to the Joint Trench Administrator a current emergency response plan identifying the ▇▇▇▇▇▇▇ at the work site and staff who have authority to resolve, twenty-four (24) hours a Day, seven (7) Days a week, problems or complaints resulting, directly or indirectly, from the Licensee’s work being performed.

  • Licensee accepts that the Licensor expressly prohibits direct interconnection or mating of a conduit or conduits belonging to an underground electric utility or electrical transmission system onto any facilities of the Absolute Property.

  • Licensee is solely responsible for selecting and managing all contractors or subcontractors that perform technical services for the Licensee in support of Licensee’s occupation within the Absolute Property.

  • Prior to any excavation or construction involving the Absolute Property in connection with this Agreement, Licensee shall submit a work plan, including but not limited to, engineering plans, conduit placement plan and/or excavation plan, including any diagrams and written work proposals detailing the scope and procedures to the Joint Trench Administrator for review and approval (the “Method of Procedure”).

  • Further, at all times, no Licensee shall enter upon any Premises of the Absolute Property to work in the Licensed Facilities, without first obtaining an approval, permit or written permission from the Joint Trench Administrator.