Common use of Term and Option to Extend Clause in Contracts

Term and Option to Extend. A. Commencement Date and Term. Subject to the "Condition Precedent Regarding Environmental Law Compliance" set forth below, the term of this Agreement shall commence on the first day of the first month following ▇▇▇▇'s notice to the Licensor that MERA has obtained all approvals necessary for MERA to be legally entitled to construct a facility for providing a public safety and emergency radio system (the "Commencement Date") and continue for a period of five (5) years, except in the case that such approvals are not obtained within five (5) years from the date of approval of this Agreement then this Agreement shall automatically terminate and be deemed null and void. MERA shall be permitted to occupy the License Space and commence construction of the MERA facilities upon receipt of all such approvals. Prior to receipt of all such approvals, and following full execution of this Agreement, MERA shall have the right to enter the License Space for the purpose of making appropriate engineering and surveys, inspections, soil test borings and other reasonable necessary tests.

Appears in 1 contract

Sources: Communications Site License Agreement

Term and Option to Extend. A. Commencement Date and Term. Subject to the "Condition Precedent Regarding Environmental Law Compliance" set forth below, the term of this Agreement shall commence on the first day of the first month following ▇▇▇▇MERA's notice to the Licensor that MERA has obtained all approvals necessary for MERA to be legally entitled to construct a facility for providing a public safety and emergency radio system (the "Commencement Date") and continue for a period of five (5) years, except in the case that such approvals are not obtained within five (5) years from the date of approval of this Agreement then this Agreement shall automatically terminate and be deemed null and void. MERA shall be permitted to occupy the License Space and commence construction of the MERA facilities upon receipt of all such approvals. Prior to receipt of all such approvals, and following full execution of this Agreement, MERA shall have the right to enter the License Space for the purpose of making appropriate engineering and surveys, inspections, soil test borings and other reasonable necessary tests.

Appears in 1 contract

Sources: Communications Site License Agreement