Chicago Illinois Radio Tower Lease and Indemnification Agreement

• Category: Leases - Radio Towers
• State: Multi-State
• City: Chicago
• Control #: US-60953
• Format: Word; Rich Text

Description

This Agreement is entered into by and between a lessor and a lessee. The lessor leases to the lessee a site for placement of a metal guide radio tower transmitter for use by the county on the lessors property. The lessee agrees to indemnify, defend and hold lessor harmless from any and all liability, suits, demands and claims for property damage or personal injury claimed or caused to any person, or any other claim arising directly or indirectly out of the placement, use and operation of the tower. The lessee further agrees to assume defense on behalf of the lessor of any litigation brought against the lessor relating to the tower and pay all costs, expenses, attorney fees and monetary awards incurred by the lessor in litigation. Chicago Illinois Radio Tower Lease and Indemnification Agreement is a legally binding contract entered into between a radio station owner or lessee and a tower owner or lessor in Chicago, Illinois. This agreement outlines the terms and conditions under which the lessee is granted the right to lease a radio tower for broadcasting purposes, while also specifying the responsibilities and liabilities of both parties. In this agreement, there are different types of leases that can be considered: 1. Full-Service Lease: This type of lease grants the lessee exclusive rights to use the entire radio tower structure, including antennas, support equipment, and associated land, for broadcasting activities. 2. Co-location Lease: In a co-location lease, multiple lessees are allowed to utilize the same radio tower structure simultaneously. Each lessee is allocated specific space or compartments on the tower, ensuring efficient utilization of the infrastructure. 3. Sublease Agreement: A sublease agreement may be entered into when the primary lessee chooses to lease out a portion of their leased space to another party. This allows for third-party utilization of the tower under specific terms and conditions. The agreement also includes provisions about indemnification, which is crucial for protecting the parties against potential liabilities. Indemnification ensures that one party (indemnity) compensates the other party (indemnity) for any losses, damages, claims, or expenses arising from certain events specified in the agreement, such as accidents, property damage, or third-party claims related to the radio tower. Keywords: Chicago Illinois, radio tower, lease agreement, indemnification, radio tower lease types, full-service lease, co-location lease, sublease agreement, indemnity, indemnity, liabilities, broadcasting activities, antennas, support equipment, land, terms and conditions.

Chicago Illinois Radio Tower Lease and Indemnification Agreement is a legally binding contract entered into between a radio station owner or lessee and a tower owner or lessor in Chicago, Illinois. This agreement outlines the terms and conditions under which the lessee is granted the right to lease a radio tower for broadcasting purposes, while also specifying the responsibilities and liabilities of both parties. In this agreement, there are different types of leases that can be considered: 1. Full-Service Lease: This type of lease grants the lessee exclusive rights to use the entire radio tower structure, including antennas, support equipment, and associated land, for broadcasting activities. 2. Co-location Lease: In a co-location lease, multiple lessees are allowed to utilize the same radio tower structure simultaneously. Each lessee is allocated specific space or compartments on the tower, ensuring efficient utilization of the infrastructure. 3. Sublease Agreement: A sublease agreement may be entered into when the primary lessee chooses to lease out a portion of their leased space to another party. This allows for third-party utilization of the tower under specific terms and conditions. The agreement also includes provisions about indemnification, which is crucial for protecting the parties against potential liabilities. Indemnification ensures that one party (indemnity) compensates the other party (indemnity) for any losses, damages, claims, or expenses arising from certain events specified in the agreement, such as accidents, property damage, or third-party claims related to the radio tower. Keywords: Chicago Illinois, radio tower, lease agreement, indemnification, radio tower lease types, full-service lease, co-location lease, sublease agreement, indemnity, indemnity, liabilities, broadcasting activities, antennas, support equipment, land, terms and conditions.