Common use of Acknowledgment Letter Clause in Contracts

Acknowledgment Letter. Within 10 business days after obtaining all Regulatory Approvals for the Permitted Use on any License Area, Licensee shall deliver to the SFPUC a letter in the form of Exhibit A-3 to the Pole License (each, an “Acknowledgment Letter”). The purposes of the Acknowledgment Letter are to: (i) confirm the Commencement Date; (ii) tender or confirm payment by wire transfer of the License Fee for the first License Year, the Security Deposit, and the service connection fees (unless Licensee will obtain electricity from a source other than the SFPUC), all in the amounts specified in the Basic License Information; (iii) provide to the SFPUC copies of all Regulatory Approvals; and (iv) confirm that Licensee has submitted to the SFPUC, through Exigis, all information regarding requirements under Article 19 (Insurance) and provide to the SFPUC copies of required insurance certificates and endorsements, if not submitted through Exigis.