Sprint Lease definition

Sprint Lease means any Lease under which Sprint or any of its Subsidiaries is a party and that encumbers a License.
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Examples of Sprint Lease in a sentence

  • The applicable Sprint entity is the lessee or sublessee under each Sprint Lease (by entry into the Sprint Lease, assignment of the Lease, transfer of rights or other means) and, except with respect to any capacity of EBS spectrum retained by the holder of the License, has the sole right to use the spectrum under each Sprint Lease.

  • To the Knowledge of Sprint, other than the terms of each Sprint Lease, the FCC Rules limiting the duration of any Sprint Lease, the FCC’s renewal of the underlying License and the FCC’s renewal of its consent to any Sprint De Facto Transfer Lease, there are no facts or circumstances that would reasonably be likely to (whether with or without notice, lapse of time or the occurrence of any other event) preclude the renewal or extension of any Sprint Lease in the ordinary course of business.

  • Simultaneously with their execution and delivery of this Agreement, the Purchaser and the Seller shall furnish the Escrow Agent with four sets of fully executed originals of each Sprint Lease Amendment as well as their true Federal Taxpayer Identification Numbers so that the Escrow Agent may file appropriate income tax information returns with respect to any interest in the Deposit or other income from the Approved Investment.

  • Further, the Purchaser agrees that it shall not be grounds for the Purchaser's refusal to close this transaction that the Prime Tenant is a holdover tenant or in default under the Sprint Lease pursuant to any economic or non- economic terms of the Sprint Lease on the Closing Date and the Purchaser shall accept title subject to such holding over or default without credit against, or reduction of, the Purchase Price.

  • Within ten (10) days after the date of receiving same, the other party may object to delivery of the Deposit or the Sprint Lease Amendment, as applicable, to the party making such demand by giving a notice of objection (a "Notice of Objection") to the Escrow Agent.

  • If the Escrow Agent is uncertain for any reason whatsoever as to its duties or rights hereunder (and whether or not the Escrow Agent has received any written demand under Section 15.1(b) or (c) or 15.2(b), (c) or (d), or Notice of Objection under Section 15.3), notwithstanding anything to the contrary herein, the Escrow Agent may hold and apply the Deposit or the Sprint Lease Amendment, as applicable, pursuant to Section 15.3 and may decline to take any other action whatsoever.

  • In the event the Deposit and/or the Sprint Lease Amendment are deposited in a court by the Escrow Agent pursuant to Section 15.3(ii) or (iii), the Escrow Agent shall be entitled to rely upon the decision of such court with respect to the Deposit and the Sprint Lease Amendment.

  • If the Closing fails to occur by reason of the Seller's failure or refusal to perform its obligations hereunder, then the Purchaser, as its only remedies hereunder, may (i) terminate this Agreement by notice to the Seller and may also exercise its election set forth in Section 1.3(iii) or (iv) hereof to make the Sprint Lease Amendment effective or (ii) seek specific performance from the Seller.

  • In the event of a default hereunder by the Purchaser or if the Closing fails to occur by reason of the Purchaser's failure or refusal to perform its obligations hereunder, then the Seller may terminate this Agreement by notice to the Purchaser, declare the Sprint Lease Amendment immediately effective and demand that the Escrow Agent release the Sprint Lease Amendment from escrow in accordance with Section 15 hereof.

  • The Property is subject to those four certain Lease Agreements, each dated April 28, 1992 (collectively, the "Sprint Lease"), three of which are by and between Seller 1 and Sprint Communications Company L.P. (the "Prime Tenant") and relate to Tech Park I, III and IV, and one of which is by and between Seller 2 and the Prime Tenant and relates to Tech Park II.

Related to Sprint Lease

  • Wet Lease means any arrangement whereby Lessee or a Permitted Sublessee agrees to furnish the Aircraft, Airframe or any Engine to a third party pursuant to which the Aircraft, Airframe or Engine shall at all times be in the operational control of Lessee or a Permitted Sublessee, provided that Lessee's obligations under this Lease shall continue in full force and effect notwithstanding any such arrangement.

  • Equipment Lease means a Contract for the lease of Equipment or for the purchase of Equipment under a conditional sales or title retention agreement.

  • Network Operating Agreement means an executed agreement that contains the terms and conditions under which the Network Customer shall operate its facilities and the technical and operational matters associated with the implementation of Network Integration Transmission Service under Tariff, Part III.

  • Space Lease The space or occupancy lease pursuant to which any Borrower holds a leasehold interest in the related Mortgaged Property, together with any estoppels or other agreements executed and delivered by the lessor in favor of the lender under the related Mortgage Loan(s).

  • Existing Franchise Agreement means that certain franchise license agreement between the Seller and the Franchisor, granting to Seller a franchise to operate the Hotel under the Brand.