Orange County NC Website
Browse       Search
5 <br />the subject project. Such right shall be time limited and ATC will have the first <br />right to develop and if not, then other agencies may proceed. If its minimum <br />investment criteria were met, ATC would construct new wireless <br />communication tower facilities only in those locations where parties agree that <br />a new facility is required for the deployment of broadband coverage. <br />7. Unless otherwise mutually agreed, the Parties shall use their reasonable <br />efforts to execute and deliver the Agreement within sixty (60) business days <br />after the full execution and delivery of this Memorandum of Understanding. <br />8. In consideration of expenses to be incurred by the Parties in pursuing this <br />Agreement, the Parties agree that until ninety (90) days after signing <br />Memorandum of Understanding, the County will not negotiate, directly or <br />indirectly with any other party. <br />9. The Parties acknowledge that this Memorandum of Understanding is non- <br />binding and that the various terms remain to be negotiated. Accordingly, while <br />the Parties agree in principle to the content hereof and propose to reasonably <br />proceed to negotiate the Agreement contemplated herein, neither Party shall <br />have any obligations or duties to the other Party. <br />10. One or more service providers will collocate on the towers and will be party <br />to the grant /loan application. <br />If the foregoing is acceptable, please sign below to confirm your intent to proceed with <br />negotiations consistent with the terms of this Memorandum of Understanding. <br />American Towers Inc., a Delaware <br />corporation <br />By: <br />Print Name: <br />Title: Vice President <br />Date: <br />Orange County Board of <br />Commissioners <br />By: <br />Print Name: <br />Title: Board Chair <br />Date: <br />