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1998-104
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1998-104
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Last modified
3/27/2018 11:29:39 AM
Creation date
10/1/2015 1:01:37 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
05/05/1998
Control Number
1998-104
Entity Name
Pinnacle Towers, Inc. Sandas Communications Limited Partnership
Subject
license for the use of land on South County Transfer Station for use as a radio tower
Supplemental fields
SmeadsoftID
8040
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This instrument prepared by <br />and after recordation, return to: <br />Trey Baldy <br />Holland & Knight LLP <br />Post Office Box 1288 <br />Tampa, Florida 33601 <br />CONSENT AND ESTOPPEL AGREEMENT <br />This Consent and Estoppel Agreement (this "Agreement") is made as of the g day of <br />1998, by and between Indian River County, Florida, a political subdivision of the State of <br />Florida ("County") and Pinnacle Towers Inc., a Delaware corporation ("Pinnacle"). <br />County entered into a License Agreement with Sandab Communications Limited <br />Partnership, 11, a Delaware limited partnership ("Seller") dated as of March 17, 1992, recorded at <br />Official Records Book 930 page 2984, and re-recorded at Official Records Book 932 page 606, all <br />of the Public Records of Indian River County, Florida, a copy of which, together with all <br />modifications, extensions, renewals, replacements, and consolidations thereof, are attached as <br />Exhibit A (the "License"). <br />Seller has entered or proposes to enter into an Asset Purchase Agreement with Pinnacle <br />with respect to certain assets of Seller, including without limitation the License and Seller's interest <br />thereunder. Pinnacle seeks to obtain a consent and estoppel agreement from County to, among <br />other reasons, be assured of continued possession under the License. County is willing to enter <br />such agreement on the following terms and conditions. <br />Now, therefore, for valuable consideration, County and Pinnacle agree as follows: <br />1. County is the owner of the premises described in the License (the "Premises") and <br />is the licensor of the Premises pursuant to the License, The term of the License is thirty (30) years, <br />commencing on Juno 22, 1993 and terminating on Juno 22, 2023, <br />2. There are no mortgages or other liens or encumbrances on the Premises. <br />3. Pursuant to Paragraph 4 of the License, County hereby gives its consent to the <br />assignment of the License to Pinnacle, and the assumption of the License by Pinnacle. <br />
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