Agmt17 Sprint Spectrum L.P. - Laserfiche WebLink

Browse Search

(7) days per week. For purposes hereof, "Authorized Personnel" shall mean only authorized employees, engineers, technicians, or properly authorized contractors of Licensee or persons under their direct supervision. All access to the Premises by Licensee shall be subject in each instance to the reasonable security requirements, as well as compliance with reasonable rules and regulations from time to time in effect at the Property, of which Licensor shall inform Licensee in writing. 8. DEFAULT. 8.1 It shall be an "Licensee Event of Default" if any one or more of the following events shall occur: 8.1.1 Licensee shall default in the payment when due of any License Fees or other sum of money specified hereunder to be paid by Licensee, and Licensee does not remedy such default within thirty (30) days after Licensee's receipt of written notice thereof from Licensor; or 8.1.2 Licensee shall default in the performance of any other of the terms, conditions or covenants contained in this License to be performed or observed by Licensee other than that specified in 8.1.1 above and the interference provision herein and Licensee does not remedy such default within thirty (30) days after written notice thereof is given to Licensee, or, if such default cannot be remedied in such period, Licensee does not commence such efforts or acts as shall be necessary to remedy the default and continue to prosecute such efforts and/or acts to completion with reasonable diligence. 8.1.3 Upon the occurrence of a Licensee Event of Default, Licensor shall have the right to exercise any and all rights and remedies available to it under law and equity, including without limitation the following: a. Following five (5) days' notice to Licensee, declare to be immediately due and payable, on account of the License Fees and other charges herein reserved for the balance of the term of this License (taken without regard to any early termination of such term on account of an Event of Default or other right to terminate this License), a sum equal to (y) all License Fees and other charges, payments, costs and expenses due from Licensee to Licensor and in arrears at the time of the Event of Default, plus (z) the License Fees reserved for the then entire unexpired balance of the term of this License (taken without regard to any early termination of the term by virtue of an Event of Default), plus all other charges, payments, costs and expenses herein agreed to be paid by Licensee up to the end of such term which shall be capable of precise determination at the time of the Event of Default. b. Whether or not Licensor has elected to recover sum set forth in subsection (a) above, terminate this License on at least five (5) days' notice to Licensee and, on the date specified in such notice, this License and the term hereby demised and all rights of Licensee hereunder shall expire and terminate and Licensee shall thereupon quit and surrender possession of the b WA U Page 11 of 35 ATN/AGR/2017.039/SPRINT LEASE AGREEMENT REV: 05-12-17 JS