Parking Garage Lease Sample Clauses

Parking Garage Lease. City and Forsyth shall enter into a master lease agreement which shall xxxxx Xxxxxxx (and its successors and assigns) the right from time to time to lease parking spaces in the Parking Garage; provided, however, City and Forsyth acknowledge and agree that the leased parking spaces may include (i) assigned or reserved parking spaces; (ii) assigned or reserved hours of parking; and (iii) permanent or perpetual rights to parking spaces that will be assignable or transferable with the sale or lease of certain parcels or development pad sites within the Project. All leases will include rates and terms that are in accordance with applicable City ordinances and policies. The Parties anticipate that the master lease agreement will provide for a total of 300 parking spaces to be available to nearby office and retail establishments and to tenants of improvements to be constructed in the future on the Property; provided, however, the Parties acknowledge and agree that not less than 300 parking spaces shall be made available to the general public from 6:00 p.m. to 8:00 a.m., Monday through Friday, and available to the general public on weekends from 6:00 p.m. Friday to 8:00 a.m.
Sample 1Sample 2
AutoNDA by SimpleDocs
Parking Garage Lease. CITY shall enter into a twenty-four (24) year lease with DEVELOPER for a minimum of 442 parking spaces in the Parking Garage Facility. Such lease shall provide for three, twenty-five (25) year extension options. The lease term and the lease payments shall begin upon issuance of the final certificate of occupancy for any portion of the residential component of the Mixed-Use Development. The rental rate for the first five years of the lease term shall be $18 per space, per month. Beginning in year six of the lease term the rental rate shall escalate as set forth in the schedule attached hereto as Exhibit “B”. The specific terms and conditions of this lease shall be negotiated and set forth in a separate agreement.
Sample 1
Parking Garage Lease. Prior to Closing, Sellers shall use commercially reasonable efforts to deliver the Parking Garage Lease executed by the tenant thereunder and incorporating any amendments thereto as agreed by the Buyers, to the Deposit Escrow Agent in connection with the Closing.
Sample 1
Parking Garage Lease. The Parking Garage Lease duly executed by Seven One Seven Parking Services of GA, Inc.;
Sample 1
Parking Garage Lease. The Parking Garage Lease duly executed by the applicable Buyer;
Sample 1
Parking Garage Lease. Prior to the Lease Commencement Date, the parties shall use commercially reasonable efforts to enter into a lease or license agreement pertaining to Tenant’s use of the Parking Garage (the “Parking Garage Lease”). The TCCs of the Parking Garage Lease shall be substantially consistent with the TCCs set forth in this Article 28 (as the same may be modified by Exhibit I attached hereto), and otherwise on commercially reasonable terms that are reasonably acceptable to Landlord and Tenant. Landlord shall prepare the initial draft of the Parking Garage Lease, and Tenant shall respond to Landlord’s request for comment within thirty (30) days, and the parties shall repeat such process until the terms have been reasonably and mutually agreed upon. As of the date of the full execution and delivery of the Parking Garage Lease, the terms of this Article 28 (and the corresponding provisions in Exhibit I attached hereto) shall be deemed deleted and of no further force or effect.
Sample 1
Parking Garage Lease. The Village and Residential Owner agree to enter into the Garage Lease upon the Village’s acquisition of the Parking Garage; provided, however, the Village, Resisdential Owner and Garage Redeveloper agree that, in the event the Village has not purchased the completed Parking Garage and entered into the Garage Lease with Resdential Owner on or before the first to occur of (i) demand by Residential Owner any time sixty (60) days or more after occupancy permits for at least fifty percent (50%) of the units in the Residential Project have been issued; or (ii) issuance of the final certificate of occupancy for the Residential Project, then Garage Redeveloper shall promptly enter into the Garage Lease with Resdential Owner and, if and when the Village subsequently purchases the Parking Garage from Garage Redeveloper, the Village will simultaneously assume the obligations of Garage Redeveloper as landlord under the the Garage Lease. If the Parking Garage has not received its final certificate of occupancy by the time the final certificate of occupancy is issued for the Residential Project, the owner of the Garage Site and Residential Owner shall promptly execute the Garage Lease upon issuance of such final certificate of occupancy for the Parking Garage to be assumed by the Village as provided above if applicable. In any event, the owner of the Garage Site and Residential Owner shall enter into the Garage Lease prior to final endorsement of the FHA Loan. This agreement to construct the Parking Garage and enter into the Garage Lease shall be binding upon any successor in ownership to the Garage Site, including, without limitation, Lender. The Village, Garage Redeveloper and Residential Owner agree that, upon execution of the Garage Lease in accordance with the terms hereof, the parties to the Garage Lease will execute and record the memorandum of the Garage Lease attached hereto as Exhibit C and by reference incorporated herein. Residential Owner agrees that the loan documents for the HUD-insured loan from FHA Lender to Residential Owner will be amended at the time the Garage Lease is entered into, with such amendments subject to HUD approval, but in any event prior to final endorsement of such HUD-insured loan. Lender hereby subordinates it lien on the Garage Site to this Agreement and also agrees to release or subordinate its lien on the Garage Site to the interest of Residential Owner (but not as to fee estate of the owner of the Parking Garage) upon execution ...
Sample 1
AutoNDA by SimpleDocs

Related to Parking Garage Lease

  • 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.

  • Parking Spaces All fees, taxes, costs, charges and expenses for operating cleaning, painting, managing maintaining, up-keeping, repair, replacement, renovation, overhaul, in respect of the Parking Spaces and also on deployment of personnel and agency for its operation, security, protection and other purposes etc.

  • Access to Leased Premises Landlord may enter the Leased Premises after business hours, upon twenty-four (24) hour notice to Tenant (and at any time and without notice in case of emergency), for the purposes of (a) inspect the Leased Premises, (b) exhibiting the Leased Premises to prospective purchasers, lenders or, within one hundred eighty (180) days of the end of the Term, prospective, (c) determining whether Tenant is complying with all of its obligations hereunder, (d) supplying janitorial service and any other services to be provided by Landlord to Tenant hereunder, (e) post notices of non-responsibility, and (f) make repairs required of Landlord under the terms hereof or repairs to any adjoining space or utility services or make repairs, alterations or improvements to any other portion of the Building. For such purposes, Landlord shall at all times have and retain a key with which to unlock all of the doors in, on or about the Leased Premises (excluding Tenant’s vaults, safes, storage facilities for sensitive materials, confidential patient files and similar areas designated in writing by Tenant in advance); and Landlord shall have the right to use any and all means which Landlord may deem proper to open said doors in any emergency in order to obtain entry to the Leased Premises. If, as a result of any such inspection or for any reason, Landlord reasonably determines that Tenant has failed to meet its obligations under Section 5.2 hereof, Landlord shall so notify Tenant and Tenant shall immediately commence to cure any such failure. In the event Tenant refuses or neglects to commence and complete such cure within a reasonable time, Landlord may make or cause to be made such repairs. In such event, Landlord’s cost to make such repairs shall constitute an Advance.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!