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Agreement to Sublease

 

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Title:

Agreement to Sublease

Entities:

American Tower Corp.; Salomon Smith Barney Inc.; Smith Barney Inc.; Kutak Rock LLP; Sullivan & Worcester LLP

Date:

2001

Size:

Preview shows 9KB of 271KB total

Price:

$57

ID:

#338808

 

 

► Leasing ► Sublease ► Misc. Sublease Agreements
► Financial
► Services ► Communications Services
► Services ► Legal

 

 

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                             AGREEMENT TO SUBLEASE



by and among


ALLTEL COMMUNICATIONS, INC.

THE ALLTEL ENTITIES


and

AMERICAN TOWERS, INC.


and


AMERICAN TOWER CORPORATION


December 19, 2000
{PAGE}

TABLE OF CONTENTS



{TABLE}
{CAPTION}
Page
{S} {C}

ARTICLE I

DEFINITIONS

SECTION 1.1. Definitions.................................................. 2
SECTION 1.2. Other Capitalized Terms...................................... 15


ARTICLE II

AGREEMENT DOCUMENTS........................................................ 15


ARTICLE III

CONVEYANCE AND CONSIDERATION

SECTION 3.1. Conveyance................................................... 16
SECTION 3.2. Consideration................................................ 17
SECTION 3.3. Consents and Approvals....................................... 17

ARTICLE IV

CLOSINGS

SECTION 4.1. Closings..................................................... 18
SECTION 4.2. Transactions and Documents at the Closings................... 19
SECTION 4.3. Costs of Closing............................................. 20
SECTION 4.4. Further Assurances........................................... 20
SECTION 4.5. Site Designation Supplements and MLA Schedules............... 21
SECTION 4.6. Deferral of Closings; Updating of Representations;
Excluded Sites............................................... 23
SECTION 4.7. Prorations................................................... 26

ARTICLE V

ADDITIONAL AGREEMENTS; COVENANTS

SECTION 5.1. Expenses..................................................... 27
SECTION 5.2. Access to Information; Confidentiality....................... 28
SECTION 5.3. Agreement to Cooperate; Certain Other Covenants.............. 29
SECTION 5.4. Public Announcements......................................... 30
SECTION 5.5. Notification of Certain Matters.............................. 31
SECTION 5.6. Other Offers; Non-Solicitation............................... 31
SECTION 5.7. Preliminary Title Reports.................................... 32
SECTION 5.8. Environmental Site Assessments............................... 32
{/TABLE}
{PAGE}

{TABLE}
{S} {C}
SECTION 5.9. Structural Assessments...................................... 32
SECTION 5.10. Risk of Loss and Insurance.................................. 32
SECTION 5.11. Condemnation................................................ 32
SECTION 5.12. Recordation of Site Designation Supplements................. 33
SECTION 5.13. Additional Sites; In Progress Sites; Zoned Sites............ 33
SECTION 5.14. ATC Parent's Guaranty....................................... 35
SECTION 5.15. ALLTEL Guaranty............................................. 36
SECTION 5.16. Delivery of Tower Files..................................... 37
SECTION 5.17. Conduct of Business by ALLTEL............................... 38

ARTICLE VI

REPRESENTATIONS, WARRANTIES AND COVENANTS OF ALLTEL

SECTION 6.1. Organization and Business; Power and Authority; Effect of
Transaction................................................. 39
SECTION 6.2. [RESERVED].................................................. 41
SECTION 6.3. Title to Properties; Leases................................. 41
SECTION 6.4. Compliance with Private Authorizations...................... 43
SECTION 6.5. Compliance with Governmental Authorizations and Applicable
Law......................................................... 43
SECTION 6.6. Related Transactions........................................ 44
SECTION 6.7. Insurance................................................... 45
SECTION 6.8. Tax Matters................................................. 45
SECTION 6.9. Material Agreements......................................... 45
SECTION 6.10. Broker or Finder............................................ 46
SECTION 6.11. Operating and Maintenance................................... 46
SECTION 6.12. Environmental Matters....................................... 46
SECTION 6.13. Copies of Documents......................................... 47

ARTICLE VII

REPRESENTATIONS, WARRANTIES AND COVENANTS OF ATC

SECTION 7.1. Organization and Business; Power and Authority; Effect of
Transaction................................................. 47
SECTION 7.2. [RESERVED].................................................. 48
SECTION 7.3. Compliance with Governmental Authorizations and Applicable
Law......................................................... 48
SECTION 7.4. Broker or Finder............................................ 49
SECTION 7.5. Sufficient Funding.......................................... 49

ARTICLE VIII

REPRESENTATIONS, WARRANTIES AND COVENANTS OF ATC PARENT


SECTION 8.1. Organization and Business; Power and Authority; Effect of
Transaction................................................. 49
{/TABLE}

ii
{PAGE}

{TABLE}
{S} {C}
SECTION 8.2. [RESERVED].................................................. 50
SECTION 8.3. Compliance with Governmental Authorizations and Applicable
Law......................................................... 50
SECTION 8.4. Broker or Finder............................................ 51
SECTION 8.5. Sufficient Funding.......................................... 51
SECTION 8.6. ATC Representations and Warranties.......................... 51

ARTICLE IX

[INTENTIONALLY OMITTED]................................................... 51

ARTICLE X

CONDITIONS TO OBLIGATIONS OF ALLTEL AND ATC


SECTION 10.1. Conditions to Obligations of Each Party..................... 51
SECTION 10.2. Conditions to Obligations of ATC............................ 52
SECTION 10.3. Conditions to Obligations of ALLTEL......................... 53

ARTICLE XI

INDEMNIFICATION

SECTION 11.1. Survival................................................... 54
SECTION 11.2. Indemnification............................................ 55
SECTION 11.3. Limitation of Liability.................................... 55
SECTION 11.4. Notice of Claims........................................... 56
SECTION 11.5. Defense of Third Party Claims.............................. 56
SECTION 11.6. Exclusive Remedy........................................... 56

ARTICLE XII

TERMINATION, AMENDMENT AND WAIVER

SECTION 12.1. Termination................................................ 57
SECTION 12.2. Effect of Termination...................................... 58

ARTICLE XIII

GENERAL PROVISIONS

SECTION 13.1. Waivers; Amendments........................................ 59

 

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