Conference Center. During the Term of this Lease and provided Tenant is not then in Default under the Lease, and provided further that Landlord continues to maintain such facilities, Tenant shall be permitted to use the conference center which is located in the Project (“Conference Center”) for meetings, seminars, and like purposes during normal business hours. Tenant shall provide Landlord with reasonable advance notice when it desires to utilize the Conference Center and Landlord shall make the Conference Center available to Tenant, subject to any prior reservation. Tenant shall pay to Landlord for the use of the Conference Center, Landlord’s standard hourly fee for the Conference Center (not including possible extras such as refreshments or snacks), and may eliminate the Conference Center in its entirety or relocate same at any time during the Term of this Lease. The foregoing right under this Section shall be personal to the Tenant named in this Lease. EXHIBIT X WORK LETTER Tenant shall lease the Premises “as-is” following Landlord’s completion of the ReadyNow improvements (the “Tenant Improvements”). In addition to the Tenant Improvements, Landlord shall cause its contractor to make additional improvements to the Premises as may be specified by Tenant and approved in writing by Landlord (the “Additional Tenant Improvements”). Landlord's total contribution for the Additional Tenant Improvements, inclusive of space planning costs and Landlord's construction management fee, shall not exceed $46,045.00 (“Landlord Contribution”), based on $5.00 per rentable square foot of the Premises, and any additional cost shall be borne solely by Tenant and paid to Landlord prior to the commencement of construction. It is understood that Landlord shall be entitled to a supervision/administrative fee equal to 3% of the total construction cost for the Additional Tenant Improvements, which fee shall be paid from the Landlord Contribution. Tenant understands and agrees that any portion of the Landlord Contribution not requested by Tenant in accordance with this Exhibit X within 60 days of the Commencement Date, shall inure to the benefit of Landlord and Tenant shall not be entitled to any credit or payment. Unless otherwise agreed in writing by Landlord, all materials and finishes utilized in constructing the Additional Tenant Improvements shall be Landlord's building standard. Should Landlord submit any additional plans, equipment specification sheets, or other matters to Tenant for approva...
Conference Center. Landlord currently provides a conference center (the “Conference Center”) in the Project capable of accommodating groups of people for use by Project tenants (including Tenant) on a reserved basis. Tenant shall, subject to availability, have the use of the Conference Center subject to Landlord’s procedures and charges, if any. The use of the Conference Center shall be subject to the reasonable rules and regulations (including rules regarding hours of use and priorities for the tenants of the particular building in which a Conference Center is located, set up and clean up charges, etc.) established from time to time by Landlord for the Conference Center. Landlord and Tenant acknowledge that the terms and provisions of Section 10.2 (Tenant’s Indemnity) of this Lease shall apply to Tenant’s use of the Conference Center. Further, Landlord shall have no liability whatsoever with respect to the existence, condition or availability of any Conference Center nor shall Landlord have any obligation whatsoever to enforce or make reservations thereof, and Tenant hereby expressly waives all claims against Landlord with respect to the same. No expansion, contraction, elimination, unavailability or modification of the Conference Center, and no termination of or interference with Txxxxx’s rights to the Conference Center, shall entitle Tenant to an abatement or reduction in rent or constitute a constructive eviction or an event of default by Landlord under this Lease.
Conference Center. MEDCO shall own the CONFERENCE CENTER through a condominium or similar ownership arrangement for a period of time not less than the life of the public bonds plus ten years. The DEVELOPER shall be provided a purchase option with terms to be determined as part of future agreement(s).
Conference Center. MEDCO intends to enter into a future Conference Center Facility Use Agreement or Lease with the HOTEL OWNER under which the HOTEL OWNER shall assume sole responsibility for all Conference Center operations including pre-opening costs, ongoing operational costs, life cycle costs including but not limited to scheduled facilities updates and refreshment, maintenance, repairs, capital reserve, and capital improvement costs of the facilities. The HOTEL OWNER moreover acknowledges that neither the CITY, the COUNTY, MSA, nor MEDCO shall have any ongoing operational financial obligations for the Conference Center and that the HOTEL OWNER shall alone assume the burden of all operational deficits, if any such deficits exist. Accordingly, 100% of the revenue from the Conference Center rental and its related food, beverage, and other sales shall flow to the HOTEL OWNER and the Net Cash Flow shall be split between the HOTEL OWNER and CITY as specified in the December 23, 2015 MOU between the CITY and DEVELOPER. In the event that the HOTEL OWNER sells its interest and receives gains over a certain threshold to be determined in a future agreement, there shall be established a profit sharing formula agreeable to the PARTIES, exclusive of MSA.
Conference Center. Subject to Landlord’s reserved rights described in Article 16, Tenant may utilize the Conference Center in 0000 Xxxxxx Xxxxx Xxxxxxx subject to the Rules and Regulations for Landlord’s standard charge, so long as Landlord operates the Conference Center as part of the Common Area.
Conference Center. Name: The name of the Conference Center shall be agreed upon by the parties and shall not be changed without the consent of both parties, and subject to approval by the Hilton Garden Inn Franchise Agreement.
Conference Center. In the event that any other tenant of the Building has rights to the conference center located in the Demised Premises pursuant to such tenant’s lease as of the Effective Date, Tenant agrees to provide such tenant access to such conference center, as required under such tenant’s lease, in order to permit Landlord to honor its obligations under such lease (subject to the terms of Exhibit B attached hereto); provided, however, Tenant shall not be liable to Landlord for any damage, injury, loss or claim based on or arising out of any other tenant’s use of the conference center, and, to the extent such tenant is liable to Landlord for such damage, injury or loss pursuant to such tenant’s lease, Landlord shall indemnify and hold harmless Tenant from and against any loss, damage, liability, claim, cost or expense (including reasonable attorneys’ fees) incurred by or claimed against Tenant based on or arising out of any other tenant’s use of the conference center.
Conference Center. As part of the Project, Caesars Virginia will include a conference center with no less than forty thousand (40,000) square feet of flexible meeting and conference space (the “Conference Center”).
Conference Center. The parties agree that six days use of the conference center by Lessor annually has a value of $18,000 ($3,000 daily), and Lessee commits, at no charge to Lessor, to make six days use of the conference center available to Lessor annually ($6,000 in excess of fair market value). The parties agree that any excess fair market value is an approximation and serves as good and valuable consideration for the totality of the agreements made herein, including that of primarily affording in-kind payment of rent in lieu of cash payment. Any availability for conference center use which is not used by Lessor in any calendar year shall expire with that year and shall not carry forward to future periods.
Conference Center. Partners shall develop, on behalf of the City and EPWA, in the manner provided in this Agreement, a public conference facility consisting of the following:
