Parking Easement. Tower Borrower shall not (a) waive any material obligation of Easement Grantor under the Parking Easement, (b) waive, excuse, condone or in any way release or discharge Easement Grantor of or from Easement Grantor’s material obligations, covenants and/or conditions under the Parking Easement, (c) extend or shorten any period for the exercise of any rights by Easement Grantor, (d) agree to materially increase Tower Borrower’s obligations or reduce Tower Borrower’s benefits under the Parking Easement, or (e) otherwise modify or amend in any material fashion the Parking Easement, without, in each case, 72 the prior written consent of Lender, which consent shall not be unreasonably withheld, conditioned or delayed; provided, however, Lender shall under no circumstances be required to approve any waiver, release, discharge, modification or amendment that materially and adversely affects the rights and benefits afforded to the Tower Parcel, the Garage, either of the Borrowers and/or Lender under the Parking Easement, including specifically, any provision materially impairing adequate utility service, parking and/or free, unimpeded and unencumbered access for pedestrian and vehicular ingress and egress onto adjacent public roads, or any necessary cross-easements or reciprocal easement agreements for utilities, access, use, driveways, drainage flows, storm and sanitary sewers and/or other customary purposes granted under the Parking Easement.
Parking Easement. (a) Borrowers shall, at their sole cost and expense, promptly and timely perform and observe all the material terms, covenants and conditions required to be performed and observed by Borrowers under the Parking Easement.
Parking Easement. Within 12 months after the Effective Date, the Developer will grant the City a parking easement for at least 100 parking spaces on the Church Site to be used for public parking, • Restrictions on Wednesdays and Sundays in order to accommodate the members of the Metropolitan Baptist Church. • If Developer constructs a multi-level parking garage, a minimum of 100 parking spaces in the Developer Garage will replace the current surface lot spaces and will be subject to the terms of the Parking Easement. • On or before January 30, 2020, the City will pay the Developer $400,000 for the Parking Easement. Sale/Acquistion of Private Property • An affiliate of the Developer agrees to sell approximately
Parking Easement. Pursuant to the Development Agreement, Developer intends to construct an approximately 280-space two-level underground parking garage as part of the Project to meet both the City’s parking requirements as modified by the historic variance, and the City’s historic preservation requirements for the historic Post Office building on the 220 Park
Parking Easement. “Parking Easement” shall mean an easement to use one hundred fifty (150) valet parking spaces on the Development Parcel, benefiting the Property which shall be incorporated into the Covenant and Easement Agreement or the Master Declaration Amendment, as appropriate.
Parking Easement. Developer and Sublessee acknowledge and agree that the Leasehold Property benefits from the non-exclusive easement for parking in the Common Areas of the Center under the REA (as such Common Areas are defined in the REA). In the event the REA terminates or is terminated as to the Leasehold Property and as a result thereof, the parking easement benefiting the Leasehold Property expires and terminates and the Leasehold Property, as a result thereof, does not have sufficient parking to meet the ratio of 1 parking space per 300 square feet of leasable space on the Leasehold Property, and the building improvements on the Leasehold Property are not more than 100,000 square feet, then Developer or its successor or assign, hereby agree:
Parking Easement. CRRM hereby grants to CRNF, for use by its employees, agents, contractors, licensees and lessees, as an appurtenance to the Fertilizer Parcel, a perpetual, non-exclusive easement and right of use of the parking areas legally described on Annex Q to this Exhibit A and shown on the Aerial (the “Refinery Shared Parking Area”) for the parking of vehicles of CRNF and its employees, agents, employees, contractors, licensees and lessees, all in common with CRRM; provided, however, CRRM hereby agrees that no less than 50 parking spaces on the Refinery Shared Parking Areas shall be exclusively available to CRNF at all times.
Parking Easement. Refinery Company hereby grants to Fertilizer Company, for use by its employees, agents, contractors, licensees and lessees, as an appurtenance to the Fertilizer Parcel, for a term of fifty (50) years from the Effective Date hereof, a non-exclusive easement and right of use of the parking areas on the “Refinery Shared Parking Area” shown on the Aerial and legally described on Exhibit Q hereto for the parking of vehicles of Fertilizer Company and its employees, agents, employees, contractors, licensees and lessees, all in common with Refinery Company; provided, however, Refinery Company hereby agrees that no less than fifty (50) parking spaces on the Refinery Shared Parking Areas shall be exclusively available to Fertilizer Company at all times (the easement granted under this Section 2.3(H) is called the “Parking Easement”).
Parking Easement. (a) Borrowers shall cause Mortgage Borrowers, at their sole cost and expense, to promptly and timely perform and observe all the material terms, covenants and conditions required to be performed and observed by Mortgage Borrowers under the Parking Easement.
Parking Easement from and after substantial completion of the Additional Parcel 3 Building, a non-exclusive easement and right of way (the “Parking Easement”) for the Parcels 1&2 Benefited Parties over, upon, through and across the portions of the easement area and to use the parking spaces described on Exhibit B attached hereto and incorporated hereby (the “Parking Servient Tenement”), to be used in common with the Parcel 3 Benefited Parties, for vehicular parking and Access to the Parcels 1&2 Land. The Parcel 3 Owner has the right to reasonably establish the location of the pedestrian pathways in the Parking Servient Tenement so as to minimize (i) the impact on the number of parking spaces within the Parcel 3 Land and (ii) the likely disruption to the Parcel 3 Benefited Parties.
