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2018-055 Resolution
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6/22/2018 4:26:02 PM
Creation date
6/22/2018 4:01:41 PM
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North Olmsted Legislation
Legislation Number
2018-055
Legislation Date
6/19/2018
Year
2018
Legislation Title
TowerCo 2013 LLC Lease Agreement
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4. Upon written notice to Lessee, Lessor is permitted to transfer the Lease only in connection <br />with the sale of the Land and only on the following conditions: (a) the acquiring party must and will <br />assume in writing all of the rights and obligations of Lessor under this Lease on and after the date of <br />purchase of the Land and (b) Lessor must retain no rights or obligations under the Lease after the date <br />of sale of the Land (a "Lessor Permitted Assignment"). Other than a Lessor Permitted Assignment, <br />Lessor is prohibited from assigning, selling or otherwise transferring the Lease in whole or in part and <br />Lessor is prohibited from granting any third party an easement or other real property interest in the <br />Premises. <br />5. Pursuant to the Lease, Lessee has a right of first refusal to meet any bona fide offers for (i) any <br />sale or transfers of the Land, and any (ii) grant from Lessor to a third party by easement or other legal <br />instrument of an interest in and to any portion of the Land, the Premises or the Lease for any purpose <br />relating to operating and maintaining communications facilities or the management thereof, with or <br />without an assignment of the Lease to such third party, including but not limited to assignments of any <br />right to the rent or rental stream associated with the Lease. <br />[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] <br />TowerCo Site Name: N Olmsted Rec <br />TowerCo Site Number: OH0391 <br />
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