2021-121 - Laserfiche WebLink

Home Browse Search

FIRST AMENDMENT TO LICENSE THIS FIRST AMENDMENT TO LICENSE (this "Amendment'), dated as of this 17th day of August , 2021 (the "Effective Date"), by and between Indian River County, a political subdivision of the State of Florida (the "Licensor"), and Vertical Bridge CC FM, LLC, a Delaware limited liability company (the "Licensee"), recites and provides: RECITALS WHEREAS, Licensor is the fee owner of certain real property located in Indian River County, Florida, as more particularly described on Exhibit A (the "Property"). WHEREAS, Licensee, by way of assignment, is the tenant under that certain License by and between Licensor and Media VI, a Florida Partnership, dated as of May 7, 1996 (as previously assigned and as further amended herein, the "License"). WHEREAS, on January 20, 2004 the license was assumed by Capstar Radio Operating Company (Capstar) in the Consent to Assumption of License and Agreement for Renewal of License to Use Real Property for a Radio Tower and extended an additional 20 years until October 27, 2022. WHEREAS, in February 2015, the License was assigned to Licensee WHEREAS, Licensor Licenses to Licensee a portion of the Property, as more particularly described on Exhibit B (the "Licensed Premises" or "Premises"). WHEREAS, Licensee owns, operates, and maintains wireless communications equipment other associated improvements on the Licensed Premises ("Improvements"). WHEREAS, Licensor and Licensee now desire to amend the License as more particularly provided below. AGREEMENT NOW, THEREFORE, in consideration of the mutual agreements set forth below and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows. 1. Defined Terms; Recitals. Capitalized terms used but not defined herein shall have the meanings given to such terms in the License. The recitals set forth here and above are true and correct in all respects and are incorporated herein by reference. 2. Additional Renewal . This section shall replace any reference to term in the License. July 1, 2021 shall become the commencement date of the Additional Renewal term, which shall be an initial Ten (10) year tern followed by Two (2) additional Five (5) year renewal periods (each an "Additional Renewal Term"), until June 30, 2041. Each such Additional Renewal Term shall be deemed automatically exercised by Licensee unless Licensee Site Name: FPR -009 -AM -FM Site Number: US -FL -5015