Common use of Licensed Space Clause in Contracts

Licensed Space. In the event that Licensee desires to license -------------- space on a Communication Tower which is riot then Reserved Space, Licensee may submit a completed Schedule 2 to Licensor to request the licensing of such space. Within ten (10) Business Days after receiving a completed Schedule 2 from Licensee, Licensor will notify Licensee if the requested site is available and the terms under which Licensor is willing to license such Communication Tower to Licensee by completing and returning an original counterpart of the Schedule 2 submitted by Licensee. The licensing of space requested by Licensee on such Schedule 2 shall be deemed licensed by Licensee in accordance with the license terms of such Schedule 2 upon execution by both parties and the receipt by Licensor of the Initial License Pee for such Licensed Space on or before the fifth (5th) business day following Licensee's receipt of Licensor's executed Schedule 2. Tower space licensed in accordance with the foregoing procedures and Section 3.1(b) is referred to herein as Licensed Space.

Licensed Space. In the event that Licensee desires to license -------------- space on a Communication Tower which is riot not then Reserved Space, Licensee may submit a completed Schedule 2 to Licensor to request the licensing of such space. Within ten (10) Business Days after receiving a completed Schedule 2 from Licensee, Licensor will notify Licensee if the requested site is available and the terms under which Licensor is willing to license such Communication Tower to Licensee by completing and returning an original counterpart of the Schedule 2 submitted by Licensee. The licensing of space requested by Licensee on such Schedule 2 shall be deemed licensed by Licensee in accordance with the license terms of such Schedule 2 upon execution by both parties and the receipt by Licensor of the Initial License Pee Fee for such Licensed Space on or before the fifth (5th) business day following Licensee's receipt of Licensor's Licensors executed Schedule 2. Tower space licensed in accordance with the foregoing procedures and Section 3.1(b) is Is referred to herein as Licensed SpaceLICENSED SPACE.