UTAH VALLEY BUSINESS PARK OWNERS ASSOCIATION Sample Clauses

UTAH VALLEY BUSINESS PARK OWNERS ASSOCIATION. When organized Tenant shall be entitled to participate in the Owners Association for the Utah Valley Business Park. To the extent that the Owners Association or Landlord, in lieu of the Owners Association, maintains certain common area landscaping signs, or other items for the business park, Tenant shall pay a pro-rata share of the cost incurred ("common area cost") based on the ratio of the land area of the Premises to the land area then available for occupancy by users within the Utah Valley Business Park. Said costs shall be estimated annually and one-twelfth of said estimate shall be paid by Tenant to Landlord or the Utah Valley Business Park Owners Association monthly on the same due date as the base monthly rent. Said costs are estimated to be $480 per year ($40 monthly) during the first year of this Lease. Within sixty (60) days following the close of each calendar year, Landlord or the Owners Association will furnish to Tenant a statement of the actual amount of said Common Area Cost incurred over the prior calendar year and Tenant's share of said cost for such calendar year period. If the actual amount of Tenant's share of said Common Area Cost is less than the total amount theretofore paid by Tenant for such period, the excess will be refunded to Tenant within fifteen (15) days following such determination. If the actual amount of Tenant's share of said common area cost exceeds the amount paid by Tenant for such period, Tenant shall pay to Landlord, within fifteen (15) days following the receipt of Landlord's statement, the amount shown as due thereon. The obligations of Landlord and Tenant to make the foregoing adjustment on a calendar year basis shall survive the expiration or earlier termination of this Lease.
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Related to UTAH VALLEY BUSINESS PARK OWNERS ASSOCIATION

  • Name; State of Organization; Chief Executive Office; Collateral Locations (a) The exact legal name of each Borrower and Guarantor is as set forth on the signature page of this Agreement and in the Information Certificate. No Borrower or Guarantor has, during the five years prior to the date of this Agreement, been known by or used any other corporate or fictitious name or been a party to any merger or consolidation, or acquired all or substantially all of the assets of any Person, or acquired any of its property or assets out of the ordinary course of business, except as set forth in the Information Certificate.

  • Access to Properties Subject to the rights of Tenants, Borrower shall permit agents, representatives and employees of Lender to inspect the Properties or any part thereof at reasonable hours upon reasonable advance notice.

  • Cornerstone shall notify the LLC and confirm such advice in writing (i) when the filing of any post-effective amendment to the Registration Statement or supplement to the Prospectus is required, when the same is filed and, in the case of the Registration Statement and any post-effective amendment, when the same becomes effective, (ii) of any request by the Securities and Exchange Commission for any amendment of or supplement to the Registration Statement or the Prospectus or for additional information and (iii) of the entry of any stop order suspending the effectiveness of the Registration Statement or the initiation or threatening of any proceedings for that purpose, and, if such stop order shall be entered, Cornerstone shall use its best efforts promptly to obtain the lifting thereof.

  • Condominiums/Planned Unit Developments If the Mortgaged Property is a condominium unit or a planned unit development (other than a de minimis planned unit development) such condominium or planned unit development project such Mortgage Loan was originated in accordance with, and the Mortgaged Property meets the guidelines set forth in the Originator's Underwriting Guidelines;

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  • Utility Services The Owner represents that, to the best of its knowledge, all utility services required to construct and operate the Project (including, without limitation, public water, sewer and electricity) are currently available to the Property in the capacities required to operate the Project. No work need be performed by or on behalf of the Developer to make such utilities available to the Property for the construction or operation of the Project, except for the matters, if any, set forth on Exhibit "D". Copies of letters from the providers of such utility services confirming such availability are annexed hereto as Exhibit "G".

  • Access to Property Borrower shall permit agents, representatives and employees of Lender to inspect the Property or any part thereof at reasonable hours upon reasonable advance notice.

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