Notice of Renewal Term Extension for Telecommunications Network Access Agreement between New York Telecom Partners, LLC and The Port Authority of New York and New Jersey
New York Telecom Partners, LLC (NYTP) notifies the Port Authority of New York and New Jersey of its decision to extend the term of their Telecommunications Network Access Agreement, originally dated August 26, 1999. This extension, as allowed under Section 34 of the agreement, adds an additional term of up to ten years following the initial term's expiration. The notice is provided within the required timeframe, ensuring NYTP's continued right to install, operate, and maintain wireless telecommunications systems at specified Port Authority facilities.
Exhibit 10.17
August 19, 2013
Executive Director
The Port Authority of NY & NJ
225 Park Ave. South, 19th Floor
New York, NY. 10003
(212) 435-7000
VIA FEDEX AND EMAIL
Re: Renewal Term Extension Notice Telecommunications Network Access Agreement
To Whom It May Concern,
Reference is made to that certain Telecommunications Network Access Agreement dated August 26, 1999 (as may have been amended and supplemented from time to time, the Agreement), by and between New York Telecom Partners, LLC (NYTP), and the Port Authority of New York and New Jersey (the Port Authority) pursuant to which the Port Authority granted NYTP the right to install, operate and maintain wireless telecommunications network access systems at certain Port Authority facilities.
Section 34 of the Agreement grants NYTP the right to extend the term of the Agreement for a period commencing on the day following the expiration date of the Initial Term (as defined in the Agreement) and continuing through the date preceding the tenth (10th) anniversary of the expiration date of the Initial Term (the Extra Term) by providing notice to Port Authority, at least one year but not more than 18 months prior to the expiration date of the Initial Term.
Pursuant to Section 34 of the Agreement, NYTP hereby gives proper written notice to Port Authority of the exercise of its right to extend the Term of the Agreement for the Extra Term.
Please dont hesitate to contact me if you have any questions or concerns.
Sincerely,
/s/ Peter Hovenier |
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Peter Hovenier |
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on behalf of |
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New York Telecom Partners |
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Cc: Joseph J. Seymour (Port Authority)
Ronald M. Senio, Law Department (Port Authority)
Thomas A. Ternquist, Manager, Commercial Wireless & Fiber Services (Port Authority)