Additional Parking; Lease/Easement Sample Clauses

Additional Parking; Lease/Easement. (i) GDK owns the property to the North of the GDK Property and West of the City Property (which property is not being conveyed to the City), including portions of the Sentinel Building property located at 00 Xxxx 0xx Xxxxxx, Xxxxxxx, Xxxxxxxx (the “Remaining GDK Property,” which is that property designated as “GDK Properties 45 Spaces” on the attached Exhibit C. GDK shall proceed to demolish (the “Demolition”) the south portion of the Sentinel Building (roughly the area of the GDK Properties 45 Spaces area currently occupied by a portion of the Sentinel Building) and install pavement over the Demolition area similar in quality to other City parking lots, as soon as weather permits. Such pavement will make the Demolition area appear generally as part of the existing parking area on the Remaining GDK Property (and as part of the parking area on the GDK Properties 45 Spaces area). GDK will stripe the pavement in the Demolition area at its expense in a configuration as shown in Exhibit B. The parking area thus created will provide for approximately 45 parking spaces. Combined with the 51 spaces on the GDK Property, 96 parking spaces (the “96 Parking Lot”) will be available for public use, as depicted on Exhibit C (subject to the terms of the lease referred to in the following paragraph 4(G)(ii)).
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Related to Additional Parking; Lease/Easement

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  • Ground Lease Reserved.

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  • Grant of Easement Subject to clauses 2 to 4 inclusive of this Part, the Water Authority will grant to the Joint Venturers an easement over the Water Authority Land in accordance with clause 5 of this Part.

  • Conservation Easement School shall abide by the terms of the Easement, attached as Exhibit “D” and granted by the District to Authority. The Easement shall be recorded against the Subject Property by the Authority, at the Authority’s sole cost and expense. This Easement may be executed and recorded without further approval of the Parties’ governing bodies, except that approval is required to authorize the execution of this Agreement.

  • Lease Agreement On the terms stated in this Lease, Landlord leases the Premises to Tenant, and Tenant leases the Premises from Landlord, for the Term beginning on the Commencement Date and ending on the Termination Date unless extended or sooner terminated pursuant to this Lease.

  • New Lease In the event of the termination of this Lease as a result of Tenant's default prior to the expiration of the term, or in the event of a rejection by Landlord or Tenant of this Lease under Chapter 11 of the Bankruptcy Code, Landlord shall, in addition to providing the notices of default and termination as required by this Lease, provide each Leasehold Mortgagee with written notice that the Lease has been terminated or that Landlord has filed a request with the Bankruptcy Court seeking to reject the Lease, together with a statement of all sums which would at that time be due under this Lease but for such termination or rejection, and of all other defaults, if any, then known to Landlord. Upon any request of the Leasehold Mortgagee, or its designee, Landlord agrees to enter into a new lease ("New Lease") of the Premises with such Leasehold Mortgagee or its designee for the remainder of the term of this Lease, effective as of the date of termination or rejection, as the case may be, at the Rent, and upon the terms, covenants and conditions (including all transfer rights, but excluding requirements which are not applicable or which have already been fulfilled) of this Lease; provided, however, that (i) the Leasehold Mortgagee whose lien upon the Premises is superior to the lien of any other Leasehold Mortgage (the "Senior Leasehold Mortgagee") shall have the right to give notice of its intent to enter into a New Lease to the Landlord for a period of 60 days from its receipt of the notice referred to in the first sentence of this Section 18.2.18 and (ii) if the Senior Leasehold Mortgagee does not exercise its right to enter into the New Lease during this 60-day period; the Leasehold Mortgagee whose lien upon the Premises is superior to the lien of any other Leasehold Mortgage (other than the Senior Leasehold Mortgagee) shall have the right to give notice of its intent to enter into a New Lease to the Landlord during the remainder of the period(s) specified below; and provided further, however,

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