Parking Structure. The parking structure (Phase I) located on Xxxxx 0X0 (attached as Exhibit “C”), containing approximately 407 parking spaces.
Parking Structure. A parking structure (the “Parking Structure”) constructed on Block 27 provides parking for Xxxxx 00x, Xxxxx 00, Xxxxx 27 and Block 26 (the owners of said Blocks are collectively referred to as the “Block 26/27 Owners”). The respective rights and obligations of each of the Block 26/27 Owners with respect to the use, operation and maintenance of the Parking Structure are set forth in that certain Easement Agreement dated as of December 14, 2007 and recorded in the Official Records on December 14, 2007 as Instrument No. 2007I502747, as amended (the “Parking Structure Easement Agreement”).
Parking Structure. (i) At any time that at least 84 months would remain in the Lease Term after the estimated time for completion thereof (the time for completion being referred to as the “Estimated Construction Period”), Tenant has the right to require Landlord to construct an additional parking structure on the Land (the “Parking Structure”) that will accommodate either 100 additional parking spaces or 170 additional parking spaces. Landlord estimates the Estimated Construction Period to be six to nine months from the date Tenant makes its election. If, because of such construction, the number of parking spaces otherwise available to Tenant pursuant to this Lease is reduced during construction of the Parking Structure, Tenant is responsible for and shall pay all costs associated with obtaining replacement off-site parking to meet its needs, and Landlord is excused from its obligations to provide parking to the extent it is unable to do so because of such construction.
(ii) Tenant may exercise its right to require the construction of the Parking Structure by giving written notice to Landlord, specifying the number of spaces Tenant wishes to have Landlord construct and, if necessary exercising its option to extend pursuant to subparagraph (iv) below. Landlord shall promptly commence to plan, design, and construct the Parking Structure, which Landlord agrees to substantially complete construction of within 270 days after the date of Tenant’s notice. All aspects of the location, design, construction, and other elements of the Parking Structure shall be determined by Landlord in its sole discretion; however, Landlord shall consult with Tenant with respect to those matters. Should Landlord fail to substantially complete the Parking Structure within 450 days after the date of Tenant’s notice or within such longer period of time as may be necessary so long as Landlord is diligently pursuing completion, Tenant may notify Landlord in writing that it intends to terminate this Lease if the Parking Structure is not substantially completed within thirty (30) days after such notice, and if, at the end of such thirty (30) days, the Parking Structure is not substantially completed, Tenant has the right to terminate this Lease by giving written notice to Landlord at any time before the Parking Structure is substantially completed. Landlord is not obligated to construct the Parking Structure if there is a change in the applicable zoning ordinances that prohibits or, in Landlord’s judgment, m...
Parking Structure. (a) Design. Following the effective date of this Agreement and prior to the Project Commencement Closing, the Developer shall prepare detailed plans and specifications for the Parking Structure for review and approval of the City and the CDA. The program for the Parking Structure shall include a Bike Center consistent with criteria established in the Request for Proposals for Judge Xxxxx Square issued by the City (the “Bike Center”).
Parking Structure. Section 23.3 Premises................................................Section 1.1
Parking Structure. If a portion of the Parking Structure and/or ------------------ reasonable access thereto is taken and, thereafter, a substantial portion of Tenant's parking rights under this Lease are terminated, unless Landlord can provide permanent replacement parking for Tenant's terminated rights within the area bounded by Victory Boulevard, Canoga Avenue, Oxnard Street, and Topanga Canyon Boulevard, Tenant shall have the right to terminate this Lease upon ninety (90) days' prior written notice to Landlord (provided such notice is given no later than ninety (90) days after receipt of notice from Landlord that it cannot provide such permanent replacement parking), or to delete such full floors of the Building from the Premises as appropriate in Tenant's reasonable judgment to compensate for the consequent loss of parking. If Tenant elects to delete such full floors from the Premises, then all obligations measured by the number of rentable square feet of the Premises (such as Rent, the number of Tenant's parking passes, and Tenant's Share) shall be adjusted accordingly. Notwithstanding the foregoing, Tenant's right to reduce the size of the Premises to compensate for the consequent loss of parking, as aforesaid, shall be limited to one thousand (1,000) rentable square feet of the Premises for every three and thirty-four one-hundredths (3.34) parking privileges lost as a result of a partial Taking of the Parking Structure or reasonable access thereto. Moreover, if such reduction would result in a portion of the Premises consisting of a partial floor of the Building, such partial floor shall be rounded-off either up or down (whichever is closest) to a full floor and Tenant shall only be entitled to delete full floors.
Parking Structure. The City shall reimburse Master Developer Eight Million and No/100 dollars ($8,000,000.00) for the construction costs of the Parking Structure (“Parking Structure Reimbursement”) to be constructed within the Urban Center, with the ownership of the parking structure to be determined by the Parties in a separate agreement, to be negotiated by the Parties in the exercise of their reasonable discretion. Master Developer may request the Parking Structure Reimbursement from the City by submitting one or more requests for reimbursement, along with supporting documentation, to the City for Master Xxxxxxxxx’s expenses incurred in constructing the Parking Structure. Master Developer shall give City reasonable notice of intent to submit requests for reimbursement so that City can acquire sufficient funds from the State where the funds are being held. Within thirty (30) days of the request for reimbursement, the City shall pay Master Developer the requested amount if the City has the funds from the State.
Parking Structure. Section 23.3
Parking Structure. Host shall have the right to construct a parking structure on the Site in substitution, in whole or in part, for the Project parking lots and Guest shall have a non-exclusive license for the use of said structure in common with others. The total number of spaces which Guest is entitled to use in the structure and remaining parking lots shall be the same as the number of spaces Guest was entitled to use prior to the construction of the parking structure. Guest shall be responsible for its pro rata share of the cost of maintaining and repairing such structure, which cost shall be included in Operating Expenses but shall not be higher than the costs to maintain surface parking.
Parking Structure. Ninety-three (93) parking spaces shall be constructed below grade of the Hotel on two (2) floors, which parking facility will be operated by the Developer solely to provide the required parking for the Hotel and related commercial uses.
