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. (a) Tenant shall have the obligation to construct a parking structure within two (2) years of the date hereof (such end date being the “Outside Completion Date”) in accordance with the terms of this Section 7.4 (the “Parking Structure”). All contracts and budgets for the design and construction of the Parking Structure shall be entered into by Tenant (and shall be subject to Landlord’s approval) but the Parking Structure, when constructed, shall be the sole property of Landlord and shall be a part of the Premises (and as such shall, during the Term, be reserved solely for the use of Tenant and Tenant’s employees and visitors). Costs for construction of the Parking Structure will be paid by draws from sums held by Mortgagee in a reserve account established on the date hereof (the “Parking Structure Reserve”). No construction shall commence until Landlord has reviewed and approved the plans and specifications for the Parking Structure and reviewed and approved evidence that Tenant has obtained (at its cost and expense) all required building and zoning approvals. All draws from such escrow shall be made in a manner consistent with the procedures and requirements as set forth on Exhibit K. Notwithstanding the right of Landlord to approve the plans for the Parking Structure, it will be deemed to be unreasonable for the Landlord or Mortgagee to require that Tenant construct a Parking Structure that (i) is estimated to cost more than the amount of Parking Structure Reserve account to design, permit, and construct, or (ii) which creates more parking spaces than Tenant requires (Tenant currently estimates its requirement to be approximately one hundred eighty (180) additional spaces) provided that such number satisfies all applicable Legal Requirements. To the extent Tenant is unable to build the Parking Structure within the Outside Completion Date, Landlord may use funds in the Parking Structure Reserve to complete the Parking Structure, provided, however, Landlord shall be under no obligation to complete the Parking Structure upon Tenant’s failure to do so. To the extent the funds in the Parking Structure Reserve are insufficient to pay for the completion of the Parking Structure (whether by Tenant or Landlord), Tenant shall nonetheless be obligated to complete the Parking Structure at its cost and expense and if Landlord uses its own funds to complete the Parking Structure, Tenant shall be obligated to reimburse Landlord for any costs incurred by Landlord to com...
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. Section 23.3 Premises........................................................................... Section 1.1
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. (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.
Parking Structure. 1 Reinforced concrete parking structure with approximately 1425 spaces. Surface parking of approximately 265 spaces for a total of approximately 1690 parking spaces.
Parking Structure. 330 parking spaces are available on grade with 159 on the Plaza Level and 197 at the Garden Level below deck. A total of 686 spaces are on site. The one story deck is made of precast panels with precast spandrels for guardrail at the outside corners of the structure and at the entry bridge. Handicap accessible parking is provided on each level.
Parking Structure. A parking structure to be constructed in material conformity and compliance with those certain plans and specifications described on Exhibit B attached hereto and incorporated herein by this reference (the “Parking Structure”), increasing the aggregate shared Project Costs by no more than Fourteen Million Nine Hundred Thousand Dollars ($14,900,000) (which increase in the Project Cost relating to the Parking Structure represents a budgeted cost of Eighteen Million Nine Hundred Thousand Dollars ($18,900,000), as generally described on Exhibit C attached hereto and incorporated herein by this reference, less Four Million Dollars ($4,000,000) representing the budgeted costs of paving, striping and lighting of the previously contemplated Employee Parking Lot, which costs are currently included within the overall Project Costs). The Parking Structure shall be constructed by Marina District Development Company, LLC, a New Jersey limited liability company (“MDDC”) upon that certain real property (the “Leased Premises”) that is the subject of a ground lease to be entered into between MDDC and MR Sub concurrently herewith (the “Ground Lease”). Gxxx X. Xxxxxx, Esq. MGM MIRAGE January 16, 2002
