PARKING DECK Sample Clauses

PARKING DECK. (1) The parking deck constructed on the Water Authority Land will not be subject to the easement referred to in clause 1 of this Part. (2) The right of the Joint Venturers to use the parking deck will be subject to a separate agreement between the Joint Venturers and the Water Authority.
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PARKING DECK. Tenant will have an option to require construction of a parking deck (“Parking Deck”) on the terms and conditions set forth in this Section 33.03 (the “Parking Deck Option”). Tenant may exercise the Parking Deck Option upon written notice to Landlord given on or before January 31, 2021, TIME BEING OF THE ESSENCE. The Parking Deck Option is personal to the originally named Tenant and may not be assigned to any party other than a Permitted Transferee. If Tenant duly and timely exercises the Parking Deck Option: (A) Landlord and Tenant shall promptly negotiate and execute an amendment to this Lease providing for the design and construction of the Parking Deck on the Property substantially in accordance with the terms and conditions set forth in the Letter of Intent or such other terms as Landlord and Tenant may mutually agree upon in writing. The amendment would include, among other things, provisions (i) setting forth a process and timeline to design, budget for and construct the Parking Deck, (ii) amending the Basic Rent under this lease to incorporate the cost of designing and constructing the Parking Deck based on a 7.3% yield, (iii) confirming the scope of Tenant’s rights to the Parking Deck under this Lease, (iv) providing for temporary parking at (x) Renaissance within Xxxxxxxx Research Park and/or (y) Xxxxxx Xxxx, as well as shuttle service to and from the Property and such off-site parking, and the allocation of the associated costs, and (z) amending other relevant definitions and provisions. If Landlord and Tenant, despite good faith and commercially reasonable efforts, are unable to agree upon the form and substance of such an amendment within ninety (90) days after Tenant’s exercise of the Parking Deck Option, the Parking Deck Option and this Section 33.03 will automatically become null and void. (B) The parties anticipate that the parking deck would be located in approximately the location indicated on Exhibit A-3 and would contain approximately 648 new onsite parking spaces. Design and construction of the Parking Deck will be subject to applicable governmental laws, regulations, rules, ordinances and codes, as well as applicable restrictive covenants and architectural controls, including but limited to those imposed by the Master Declaration.
Sample 1
PARKING DECK. Both Parties recognize that development of the Project will require construction of the Parking Deck. The Town shall pay all costs and expenses for construction of the Parking Deck. The PDA, Parking Deck Lease Agreement, Parking Deck Construction Agreement, Parking Deck Management Agreement, and any other agreement the Parties determine in good faith are reasonably necessary for the Parking Deck shall govern the Parties’ respective obligations and rights related to the Parking Deck.
Sample 1
PARKING DECK. Landlord shall construct a multi-level parking deck with parking for approximately 470 vehicles adjacent to the Building on the Land. Such parking facility shall be available for use by Tenant on a non-exclusive basis subject to the Parking Rules and Regulations and to the provisions of Article VII, Section 2 of this Lease. Use of the parking facility by Tenant, its employees, agents and invitees shall be non-exclusive and shall be in common with tenants of the One Morrocroft Property adjoining the Property and such tenants' employees, agents and invitees.
Sample 1
PARKING DECK. Notwithstanding anything to the contrary in this Lease, Landlord and Tenant intend that under the terms of this Lease and the Parking Deck Lease, the City shall be the owner of the Parking Deck for federal, state and local tax purposes and for financial accounting purposes. Accordingly, Landlord and Tenant agree that: (i) they shall report the transaction on their respective federal, state and local tax returns and internal books and records and audited financial statements in a manner consistent with the treatment of the City as owner of the Parking Deck, (ii) they shall treat the City as the owner of the Parking Deck for all federal, state and local tax purposes and financial accounting purposes, (iii) they shall not take any position on any tax return, financial record or statement or any other document, or in connection with any audit, contest or other administrative or legal proceeding, the is inconsistent with such reporting or treatment, (iv) the Facility Payment shall be treated as reimbursement to Landlord for the cost of constructing the Parking Deck for the benefit of the City and shall not be treated as rent for tax or accounting purposes, and (v) Landlord shall not claim any depreciation or other deductions with respect to ownership of the Parking Deck.
Sample 1
PARKING DECK. Pursuant of Article 2.16, the Parking Deck, originally planned for 340
Sample 1
PARKING DECK. Seller and Buyer acknowledge that, prior to the Effective Date, Coliseum Transfer Inc. (“Coliseum Transfer”), the predecessor to Coliseum Building, entered into (i) that certain Lease Agreement with Compass Group USA, Inc. (“Compass”) dated July 1, 2011 (relative to Compass’ premises in One Coliseum Centre) and (ii) that certain Lease Agreement with Compass dated July 1, 2011 (relative to Compass’ premises in Two Coliseum Centre) (collectively, and as amended, the “Compass Leases”). Seller and Buyer further acknowledge that (i) the Compass Leases require Coliseum Transfer to construct a parking deck that will provide parking for tenants and occupants of One Coliseum Centre and Two Coliseum Centre, all as more particularly described in the Compass Leases (the “Parking Deck”), (ii) the construction of the Parking Deck may not be fully completed as of the Effective Date, and (iii) Coliseum Transfer is responsible for completing the Parking Deck pursuant to an agreement between Seller and Coliseum Transfer. Pursuant to the terms of that certain Additional Escrow Agreement dated April 16, 2012 between Coliseum Transfer, Seller, and Escrow Agent (the “Additional Escrow Agreement”), Coliseum Transfer is to deliver to Seller certain documents (defined therein as the “Final Documents”) with respect to the Parking Deck upon completion thereof (herein referred to as the “Parking Deck Completion Materials”). Upon its receipt of the Parking Deck Completion Materials from Coliseum Transfer, Seller shall provide copies of the same to Buyer. Following such completion of the Parking Deck, (as evidenced by the Parking Deck Completion Materials), the parties shall proceed to Closing pursuant to Section 9.1, (subject to the other terms and conditions of this Agreement).
Sample 1
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PARKING DECK. The County has engaged and managed the Architect, with the Town’s approval, to provide planning, design, preparation of Construction Documents, filing for permits, bidding assistance, and construction administration, for the Parking Deck portion of the Project, in accordance with the Professional Services Agreement.
Sample 1
PARKING DECK. The parking structure to be located on the Site as part of the Base Building Improvements, as described in the Base Building Plans.
Sample 1

Related to PARKING DECK

  • Parking Throughout the Lease Term, Tenant shall have the exclusive right to use, free of charges, the number of parking spaces set forth in Section 12 of the Summary, which parking spaces constitute the entirety of the parking under the Building and the adjacent surface parking, being all of the parking in the Project. Tenant shall comply with the Parking Rules and Regulations which are in effect on the date hereof, as set forth in the attached Exhibit D and all reasonable modifications and additions thereto which are prescribed from time to time for the orderly operation and use of the Parking Areas by Landlord, and/or Landlord’s Parking Operator (as defined below); provided that such modifications or alterations do not effect Tenant’s use of or access to the Parking Areas. Landlord specifically reserve the right to change the size, configuration, design, layout, of the Parking Areas, and Tenant acknowledges and agrees that Landlord may, without incurring any liability to Tenant and without any abatement of Rent under this Lease, from time to time, temporarily close-off or restrict access to the Parking Areas, so long as Tenant retains access to the number of parking spaces set forth in Section 12 of the Summary. Landlord may delegate its responsibilities hereunder to a parking operator (the “Parking Operator”) in which case the Parking Operator shall have all the rights of control attributed hereby to Landlord. Any parking tax or other charges imposed by governmental authorities in connection with the use of such parking shall be paid directly by Tenant or the parking users, or, if directly imposed against Landlord, Tenant shall reimburse Landlord for all such taxes and/or charges within thirty (30) days after Landlord’s demand therefor. The parking rights provided to Tenant pursuant to this Article 23 are provided solely for use by Tenant’s own personnel visitors and invitees and such rights may not be transferred, assigned, subleased or otherwise alienated by Tenant without Landlord’s prior approval, except in connection with an assignment of this Lease or sublease of the Premises made in accordance with Article 14 above.

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