Business Space definition
Examples of Business Space in a sentence
The Grace period for Property Business Space shall be 30 (Thirty) days.
Subsequent to the Moratorium Period, to utilise the licensed space, at its own costs and risk, for carrying out activities stated at Annexure – 2 : Usage of the Property Business Space during the License Period on the terms and conditions stated herein and derive income from it.
If the renovations of the New Business Space are not proceeding in a timely manner, then the County Manager shall have the right to terminate the Lease, as amended, immediately.
In the event if any major structural changes are proposed by the Licensee in the respective Property Business Space, subject to its technical feasibility and approval from Competent Authority of Maha-Metro, the said structural changes shall be executed by Maha-Metro on deposit basis.
Further, at any time during any Renewal Term granted by the County Manager, the County Manager, in her sole discretion, shall determine whether the renovations of the New Business Space are proceeding in a timely manner.
The Developer will Complete construction of Building B within thirty (30) months from the later to occur of (i) the effective date of an executed lease for the Anchor Business Space by the Anchor Business and the Developer or, if purchased by the Anchor Business, the date of closing on the sale of the Anchor Business Space, or (ii) the Completion of Building A.
Alternatively, the Developer will have the option, in its sole discretion, to construct the Anchor Business Space as a standalone structure, in which case, in lieu of constructing the office and retail component of Building B, Building A will be constructed as a three story building consisting of approximately 51,000 square feet of retail and/or office space, with at least 6,000 square feet devoted to retail uses (which can include restaurants) abutting the Public Plaza.
Subsequent to the Moratorium Period, to utilise the licensed space, at its own costs and risk, for carrying out activities stated at Annexure – 2: Usage of the Property Business Space during the License Period on the terms and conditions stated herein and derive income from it.
The following obligations relate specifically to the Business Space.
Any sale of the Anchor Business Space or Building B to the Anchor Business must be at the cost of construction, including reasonable construction management fees, development fees, and overhead, and will include shared maintenance responsibilities.