Reciprocal Parking Rights-Parcel and North Parcel Sample Clauses

Reciprocal Parking Rights-Parcel and North Parcel. Upon Closing, the parcel will also be burdened by the following parking easement in favor of Avon with respect to the real property located to the north of the Parcel which is commonly known as Lorain County Permanent Parcel No. 04-00-004-103-030 (the “North Parcel”): Avon shall reserve to itself with respect to the North Parcel and all future owners of the North Parcel, a non-exclusive easement for ingress and egress and for parking over the northerly sixty (60) feet of the Parcel. Owners and users of the North Parcel may also, at their sole cost and expense, construct parking and drive facilities upon this burdened area and also parking lot lights. No such construction activities may be undertaken however until the owner of the North Parcel has obtained the prior written consent of the owner of the Parcel, which consent shall not be unreasonably withheld, conditioned or delayed. Cost of maintaining the parking lot and driveway areas, of snowplowing, of landscaping and of paying the power xxxx associated with the parking lot lights shall be the responsibility of the party using such facilities. If for example, the owner of the North Parcel shall construct a parking lot and related facilities within the above described burdened area, it alone shall be responsible to maintain and repair said lot and driveway areas, to remove snow therefrom, to maintain the landscaping in said areas and to pay the xxxx associated with power usage for lighting. If and when, T3 shall expand the Building and require usage of said lot and parking areas, the parties will be equally responsible for all such expenses. Conversely, if T3 shall first construct the parking and driveway areas in this sixty (60) foot area, it alone shall be responsible for the aforesaid costs until the owner of the North Parcel shall begin to use these parking and driveway areas. Regardless of who constructs the parking area on this North Parcel, said construction and maintenance will be in compliance with the Avon Codified Ordinances.
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Related to Reciprocal Parking Rights-Parcel and North Parcel

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  • Ground Lease Reserved.

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