Vinson & Elkins: The Sale & Purchase Agreements & Master Lease Agreements that underpin tower transactions

A closer look at two important parts of the contractual framework for infrastructure sharing

Read this article to learn:

  • How a minimum number of towers must be included for a deal to be viable
  • The conditions precedent that need to be fulfilled before assets are transferred
  • What happens to towers that aren’t transferred in the first close
  • How the MLA defines the rights of the Anchor Tenant
  • How critical towers are sometimes treated differently

The devil is in the detail – the detail of painstakingly constructed and hard negotiated Sale and Purchase Agreements (SPAs) and Master Lease Agreements (MLAs) that define the main terms in any tower transaction. Jeff Eldredge and Rob Dixon, Partners at Vinson & Elkins, have advised on over ten sale and leaseback transactions in the…

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