MEDICAL OFFICE BUILDING Sample Clauses

MEDICAL OFFICE BUILDING. It is anticipated that HM and the Investor Representatives or certain Affiliates thereof will use their commercially reasonable best efforts to cause a medical office building to be constructed adjacent to or near the Hospital. HM and the Investor Representatives shall cause the tenant space in such building to be made available to the Investor Partners pursuant to a selection and priority method which allows an Investor Partner to select space in such building in the order in which such Investor Partners became Partners of the Partnership.
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MEDICAL OFFICE BUILDING. (a) The General Partner or its Affiliate is hereby authorized, itself or to designate another party, including, but not limited to, VHI, at its or their expense to develop and own a medical office building on real property which such party will lease or own adjacent to the Hospital and which will contain approximately Forty-Five Thousand (45,000) to Sixty Thousand (60,000) of leasable square footage (the "MOB"). The tenant space in the MOB may be leased to Partners, Owners, Practices or their Affiliates, or to other third parties. The owners of the MOB and the Partnership shall enter into cross easement agreements and other agreements which are customary for commercial real estate developments.
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MEDICAL OFFICE BUILDING. (a) LHMI is hereby authorized, itself or to designate another party, at its or their expense to develop and own a medical office building on real property which such party will lease or own adjacent to the Hospital and which will contain approximately Forty-Five Thousand (45,000) to Sixty Thousand (60,000) of leasable square footage ("the MOB"). The tenant space in the MOB may be leased to Members, their Affiliates or to other third parties. The owners of the MOB and the Company shall enter into cross easement agreements and other agreements which are customary for commercial real estate developments.
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MEDICAL OFFICE BUILDING. (a) MHMI, either itself (or its designee) or with other Members of the Company, intends, at its discretion, to develop and own a medical office building on real property which such party will lease or own adjacent to the Hospital and which will contain approximately Forty-Five Thousand (45,000) to Sixty Thousand (60,000) of leasable square footage ("the MOB"). MHMI shall provide written notice to the Investor Members of MHMI's intent to enter into definitive agreements to develop and own the MOB, and the Investor Members may, within thirty (30) days from the delivery of such notice, elect to participate in the development and ownership of the MOB by notifying MHMI in writing of the Investor Members' commitment to participate in the development and ownership of the MOB and to provide to MHMI, or to commit in a manner approved by MHMI, such funds as are required to develop and own the MOB in proportion to the Investor Members ownership interest in the MOB. In the event Investor Members do not commit or less than all of the Investor Members commit, MHMI shall be entitled to proceed with the development of the MOB without the participation of the Investor Members who elect not to participate. The tenant space in the MOB may be leased to Members, Owners, Practices or their Affiliates or to other third parties. The owners of the MOB and the Company shall enter into cross easement agreements and other agreements which are customary for commercial real estate developments. The definitive agreements with any third party developer of the MOB under this Section 3.11(a) shall, if applicable, contain similar restrictions on the third party developer as those set forth at Section 3.10(a) - (c) above.
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MEDICAL OFFICE BUILDING. (a) LHMI, either itself (or its designee) or with other Members of the Company, intends to develop and own a medical office building on real property which such party will lease or own adjacent to the Hospital and which will contain approximately Forty-Five Thousand (45,000) to Sixty Thousand (60,000) of leasable square footage ("the MOB"). LHMI shall provide written notice to the Investor Member of LHMI's intent to enter into definitive agreements to develop and own the MOB, and the Investor Member shall have thirty (30) days from the delivery of such notice to notify LHMI in writing of the Investor Member's commitment to participate in the development and ownership of the MOB and to provide to LHMI such funds as are required to develop and own the MOB in proportion to the Investor Member's ownership interest in the MOB. The tenant space in the MOB may be leased to Members, Owners, Practices or their Affiliates or to other third parties. The owners of the MOB and the Company shall enter into cross easement agreements and other agreements which are customary for commercial real estate developments. The definitive agreements with any third party developer of the MOB under this Section 3.11(a) shall, if applicable, contain similar restrictions on the third party developer as those set forth at Section 3.10(a) - (c) above.
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MEDICAL OFFICE BUILDING. The term “Medical Office Building” means that certain Building Improvement listed on the Site Plan as No. 20 and as more fully described in the Support Elements section of the Business Plan.
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MEDICAL OFFICE BUILDING. Lessor acknowledges that Lessee may, in the exercise of its sole discretion, determine to build or to have built a medical office building ("MOB") on the campus of the Hospital. If Lessee so determines that development of an MOB is appropriate or desirable, Lessor agrees to use its reasonable best efforts to cooperate with Lessee with respect to the financing and development of such MOB, provided that Lessor is not hereby required to make any financial commitment with respect thereto.
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MEDICAL OFFICE BUILDING. At such time as Lessee has entered into binding agreements with five (5) additional physicians to locate or relocate their medical practices in the Eunice, Louisiana community, net of any physicians currently on the active medical staff of the Hospital who may have relocated away from the Eunice, Louisiana community or ceased practicing medicine, Lessee will meet and work with Lessor and interested physicians to identify a site (the "MOB Site") for the construction of a new medical office building ("MOB") and to determine an appropriate arrangement for causing the MOB to be constructed.
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MEDICAL OFFICE BUILDING. The term “
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Related to MEDICAL OFFICE BUILDING

  • Building With respect to each parcel of Real Estate, all of the buildings, structures and improvements now or hereafter located thereon. Business Day. Any day on which banking institutions located in the same city and State as the Agent’s Head Office are located are open for the transaction of banking business and, in the case of LIBOR Rate Loans, which also is a LIBOR Business Day.

  • Premises Parking and Common Areas 2.1 Letting Lessor hereby leases to Lessee, and Lessee hereby leases from Lessor, the Premises, for the term, at the rental, and upon all of the terms covenants and conditions set forth in this Lease. Unless otherwise provided herein, any statement of square footage set forth in this Lease, or that may have been used in calculating rental and/or Common Area Operating Expenses, is an approximation which Lessor and Lessee agree is reasonable and the rental and Lessee's Share (as defined in Paragraph 1.6(b)) based thereon is not subject to revision whether or not the actual square footage is more or less.

  • Premises Building Project and Common Areas 1.1 Premises, Building, Project and Common Areas.

  • Building Directory A directory for the Building will be provided for the display of the name and location of tenants. Landlord reserves the right to approve any additional names Tenant desires to place in the directory and, if so approved, Landlord may assess a reasonable charge for adding such additional names.

  • Building Services Labor Law Article 9 applies to Contracts for building service work over $1,500 with a public agency, that: (i) involve the care or maintenance of an existing building, or (ii) involve the transportation of office furniture or equipment to or from such building, or (iii) involve the transportation and delivery of fossil fuel to such building, and (iv) the principal purpose of which is to furnish services through use of building service employees.

  • Building and Improvements Lessor shall obtain and keep in force during the term of this Lease a policy or policies in the name of Lessor, with loss payable to Lessor and to any Lender(s), insuring against loss or damage to the Premises. Such insurance shall be for full replacement cost, as the same shall exist from time to time, or the amount required by any Lender(s), but in no event more than the commercially reasonable and available insurable value thereof if, by reason of the unique nature or age of the improvements involved, such latter amount is less than full replacement cost. Lessee-Owned Alterations and Utility Installations, Trade Fixtures and Lessee's personal property shall be insured by Lessee pursuant to Paragraph 8.4. If the coverage is available and commercially appropriate, Lessor's policy or policies shall insure against all risks of direct physical loss or damage (except the perils of flood and/or earthquake unless required by a Lender), including coverage for any additional costs resulting from debris removal and reasonable amounts of coverage for the enforcement of any ordinance or law regulating the reconstruction or replacement of any undamaged sections of the Building required to be demolished or removed by reason of the enforcement of any building, zoning, safety or land use laws as the result of a covered loss, but not including plate glass insurance. Said policy or policies shall also contain an agreed valuation provision in lieu of any co-insurance clause, waiver of subrogation, and inflation guard protection causing an increase in the annual property insurance coverage amount by a factor of not less than the adjusted U.S. Department of Labor Consumer Price Index for All Urban Consumers for the city nearest to where the Premises are located.

  • Premises and Common Areas 2 3. TERM ................................................................. 2 4. POSSESSION ........................................................... 3 5. RENT ................................................................. 4 6.

  • BUILDING PLANNING If Landlord requires the Premises for use in conjunction with another suite or for other reasons connected with the planning program for the Building. Landlord will have the right, upon sixty (60) days prior written notice to Tenant, to move Tenant to other space in the Building of substantially similar size as the Premises, and with tenant improvements of substantially similar age, quality and layout as then existing in the Premises. Any such relocation will be at Landlord's cost and expense, including the cost of providing such substantially similar tenant improvements (but not any furniture or personal property) and Tenant's reasonable moving, telephone installation and stationary reprinting costs. If Landlord so relocates Tenant, the terms and conditions of this Lease will remain in full force and effect and apply to the new space, except that (a) a revised Exhibit "A-H" will become part of this Lease and will reflect the location of the new space, (b) Paragraph 1 of this Lease will be amended to include and state all correct data as to the new space, (c) the new space will thereafter be deemed to be the "Premises", and (d) all economic terms and conditions (e.g. rent, total Operating Expense Allowance, etc.) will be adjusted on a per square foot basis based on the total number of rentable square feet of area contained in the new space. Landlord and Tenant agree to cooperate fully with one another in order to minimize the inconvenience of Tenant resulting from any such relocation. However, if the new space does not meet with Tenant's reasonable approval, Tenant will have the right to cancel this Lease upon giving Landlord thirty (30) days notice within ten (10) days of receipt of Landlord's relocation notification; provided, however, Landlord has the right, by written notice to Tenant given within ten (10) days following receipt of Tenant's cancellation notice to rescind Landlord's relocation notice, in which event Landlord's relocation notice will be rescinded, Tenant's cancellation notice will be cancelled and this Lease will remain in full force and effect. If Tenant cancels this Lease pursuant to this Paragraph 27, Tenant agrees to xxxxxx xxx Xxxxxxxx and the Premises within thirty (30) days of its delivery to Landlord of the notice of cancellation.

  • Common Area (Check one)

  • Common Areas Tenant shall have the non-exclusive right to use in common with other tenants in the Project, and subject to the Rules and Regulations referred to in Article 5 of this Lease, those portions of the Project which are provided, from time to time, for use in common by Landlord, Tenant and any other tenants of the Project (such areas, together with such other portions of the Project designated by Landlord, in its discretion, including certain areas designated for the exclusive use of certain tenants, or to be shared by Landlord and certain tenants, are collectively referred to herein as the “Common Areas”). The Common Areas shall consist of the “Project Common Areas” and the “Building Common Areas.” The term “Project Common Areas,” as used in this Lease, shall mean the portion of the Project designated as such by Landlord or areas within the Project that the occupants of the Building are permitted to utilize pursuant to a recorded declaration and which areas shall be maintained in accordance with the declaration. The term “Building Common Areas,” as used in this Lease, shall mean the portions of the Common Areas located within the Building reasonably designated as such by Landlord. The manner in which the Common Areas are maintained and operated shall be at the reasonable discretion of Landlord and the use thereof shall be subject to the Rules and Regulations as Landlord may make from time to time. Landlord reserves the right to close temporarily, make alterations or additions to, or change the location of elements of the Project and the Common Areas, provided that, in connection therewith, Landlord shall perform such closures, alterations, additions or changes in a commercially reasonable manner and, in connection therewith, shall use commercially reasonable efforts to minimize any material interference with Tenant’s use of and access to the Premises.

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