Leased Conduit definition
Examples of Leased Conduit in a sentence
The Lessee may not sublease or transfer their interest in the Leased Conduit.
At the expiration or termination of this Lease subject to this Aticle, all rights of Lessee to use the Leased Conduit, or any part thereof, shall cease, and the Lessee shall surrender to City possession of the Leased Conduit.
Zayo shall not assign the leases granted in this Section nor sublease, pledge or mortgage its interest in the Leased Conduit or the Lease Area or any part thereof without the express, written consent of the City; provided, however, that the consent of the City shall not be required for an assignment of Zayo’s interest herein to an entity that directly or indirectly controls, is controlled by or is undercommon control with Zayo.
The Grantee, at its sole cost and expense, shall obtain and maintain, or cause to be obtained and maintained, all federal, state and local permits, approvals and consents necessary and required by applicable Laws for the Grantee's entry upon land of the County and others, to work on or within such land, and to use of the IRU Fibers and the Leased Conduit.
As a condition of the Conduit ▇▇▇▇▇, the Grantee agrees to accept the Leased Conduit AS IS WHERE IS, without warranty.
PROVIDED FURTHER THAT, if the City System and/or the Leased Conduit are totally destroyed, or rendered unusable, by a tforce Majeure Event, City may terminate this Lease Agreement, without liability to Lessee, as of the date of such Force Majeure Event.
Zayo shall do no act that would in any way encumber the City’s title to the Leased Conduit or the Lease Area nor permit them to become subject to a lien of any kind.
Prior to installing Zayo Fiber and City Fiber in the Leased Conduit, Zayo shall inspect that segment of the City Duct System, document the condition of the segment in a format agreeable to both Parties, and provide such documentation to the City.
Immediately upon the execution of this Agreement, Zayo shall pay to the City a one-time payment based on a formula of $5.50 per linear foot, which for the lease of the Leased Conduit equals SEVEN HUNDRED TWENTY-TWO THOUSAND TWO HUNDRED SEVENTY-ONE DOLLARS ($722,271).
Zayo shall be responsible for the operation, maintenance and repair of the Leased Conduit, the Zayo Conduit, the Zayo Fiber, the City Fiber and the 2 Strands of Dark Fiber.