First Class Facility definition

First Class Facility means a facility that has been renovated from time to time to modern standards, to the extent necessary to attract a high percentage occupancy and generate high gross proceeds from the operation of the Airport;
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First Class Facility. Standard shall mean a standard for the design and construction of the Coliseum Plaza Improvements which shall, following the procedure hereinafter set forth in Article 5 of this Lease, provide plans and specifications for the Coliseum Plaza Improvements that will result in the construction of a first class facility that is comparable to, but not identical to, the entertainment related components of the Ridge Hill Shopping Center in Yonkers, New York (or, in the case of a music venue, a newly constructed Fillmore or House of Blues theater), and will comply with Legal Requirements; provided, however, that it is understood and agreed that the Coliseum Plaza Improvements will not be exactly the same as the entertainment related components of the Ridge Hill Shopping Center in Yonkers, New York (or, in the case of a music venue, a newly constructed Fillmore or House of Blues theater), and will have, for example, different types and numbers of amenities, restaurants, vendors, size, levels, design, public spaces, and occupants (or, in the case of a music venue, different size, architectural details, seating capacities and/or configurations, food service options, and the like).
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First Class Facility means a state-of-the-art Major League Baseball park that is capable of hosting events other than baseball, including concerts, family entertainment and meeting/special events, wherein the level and quality of: (a) the baseball park amenities (such as private suites, restaurants and concessions located in or around the Ballpark Property) are consistent with the level and quality of amenities in other Major League Baseball parks built or under construction within five years prior to the Effective Date to host Major League Baseball events, and (b) interior and exterior Ballpark Property finishes are comparable to the level and quality of interior and exterior finishes in Major League Baseball parks built within five years prior to the Effective Date to host Major League Baseball and other events.
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Examples of First Class Facility in a sentence

  • Landlord and Tenant agree that Tenant shall be obligated to complete the Coliseum Renovation, at its sole cost and expense, in a manner that satisfies the First Class Facility Standard and the Scope of Work, in a total amount not less than the Estimated Project Cost and otherwise in accordance with and subject to this Lease.

  • Landlord and Tenant agree that Tenant shall be obligated to complete (or, in the case of certain of the Coliseum Plaza Improvements, cause Tenant's subtenants to complete) the Coliseum Plaza Improvements, at its sole cost and expense, in a manner that satisfies the First Class Facility Standard and the Scope of Work, in a total amount not less than the Estimated Project Cost and otherwise in accordance with and subject to this Lease.


More Definitions of First Class Facility

First Class Facility means a mixed-use downtown project meeting the following criteria:
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First Class Facility means a state-of-the-art Major League Baseball park wherein the level and quality of: (a) the baseball facilities, including the playing field and amenities, are consistent with the level and quality of other Major League Baseball parks built within five years prior
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First Class Facility means a state-of-the-art Major League Baseball park wherein the level and quality of: (a) the baseball facilities, including the playing field and amenities, are consistent with the level and quality of other Major League Baseball parks built within five years prior to the Closing Date (one year prior to the Closing Date in the case of public safety and security components) for the purpose of hosting Major League Baseball Games and (b) interior and exterior Ballpark finishes are comparable to the level and quality of interior and exterior finishes in Major League Baseball parks built within five years prior to Closing Date for the purpose of hosting Major League Baseball Games.
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First Class Facility means a mixed-use downtown project
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First Class Facility. Requirement With Enormous Long-Term Obligations For Metro Problem- The Lease creates the 1996 Titans Lease problem all over again for Nashville. The Lease includes a Capital Repair process (See Section 5(f) of the Lease) centered around maintaining a “Facility Standard” that is equal to “Comparable Facilities.” The definition of “Comparable Facilities” is based on “first-class” venues, along with other factors, which effectively defines only other venues owned by Bristol’s own parent company, SMI. So SMI will essentially be able to define the Facility Standard for the new Fairgrounds speedway based on their own facilities. Finally, Section 20(c)(ii) of the Lease grants a potential termination right to Bristol due to: “the failure of the Fair Board to keep, observe or perform any of the material terms, covenants or agreements contained in this Lease on the Fair Board’s part to be kept, performed or observed by the Fair Board.” Effectively, these provisions will give Bristol enormous future negotiating leverage, exactly like the very same lawyers and lobbyists are currently using for their other client the Tennessee Titans to justify the new Titans stadium proposal. The future scenario for this new speedway would be far worse than the current “Titans/first-class stadium” requirement debate, since Bristol will be able to claim a termination right if the Fair Board does not agree with Bristol’s desired upgrades, and Bristol will be able to more readily threaten to relocate its races, such as to the speedway SMI owns in Wilson County. In short, Xxxxxx’s proposal is a modern day version of the much maligned 1996 Titans Lease, on steroids.
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Related to First Class Facility

  • Common Facility Means a place where tenants utilise the same equipment such as kitchen, laundry and meeting room and or car park.

  • Air navigation facility means any facility, other than one owned and operated by the United States, used in, available for use in, or designed for use in aid of air navigation, including any structures, mechanisms, lights, beacons, markers, communicating systems, or other instrumentalities or devices used or useful as an aid, or constituting an advantage or convenience to the safe taking off, navigation, and landing of aircraft, or the safe and efficient operation or maintenance of an airport, and any combination of any or all of such facilities.

  • L/C Facility means the letter of credit facility established pursuant to Article III.

  • Facility Site means the site described in Schedule B. “FERC” means the Federal Energy Regulatory Commission.

  • generation facility means a facility for generating electricity or providing ancillary services, other than ancillary services provided by a transmitter or distributor through the operation of a transmission or distribution system, and includes any structures, equipment or other things used for that purpose;

  • Vending facility means automatic vending machines, cafeterias, snack bars, cart service, shelters, counters, and such other appropriate auxiliary equipment which may be operated by licensed managers and which is necessary for the sale of newspapers, periodicals, confections, tobacco products, foods, beverages, and other articles or services dispensed automatically or manually and prepared on or off the premises in accordance with all applicable health laws and including the vending or exchange of chances for any lottery authorized by State Law and conducted by an agency of a State within such State. [CFR 34, Part 395.1(X)]

  • Generating Facility means the Generating Unit(s) comprising Seller’s power plant, as more particularly described in Section 1.02 and Exhibit B, including all other materials, equipment, systems, structures, features and improvements necessary to produce electric energy and thermal energy, excluding the Site, land rights and interests in land.

  • Customer Interconnection Facilities means all facilities and equipment owned and/or controlled, operated and maintained by Interconnection Customer on Interconnection Customer’s side of the Point of Interconnection identified in the appropriate appendices to the Interconnection Service Agreement and to the Interconnection Construction Service Agreement, including any modifications, additions, or upgrades made to such facilities and equipment, that are necessary to physically and electrically interconnect the Customer Facility with the Transmission System.

  • Existing Facility means a facility in existence on any given date, newly constructed or altered.

  • Interconnection Facilities means the Transmission Owner Interconnection Facilities and the Customer Interconnection Facilities.

  • As-built drawings, as used in this clause, means drawings submitted by the Contractor or subcontractor at any tier to show the construction of a particular structure or work as actually completed under the contract. “As-built drawings” shall be synonymous with “Record

  • School facility means and includes any structure, building or

  • Holding facility means a designated area for the retention of

  • Facility means the entire operation located on the property where the Equipment is located;

  • Wireless facility means equipment at a fixed location that enables wireless communications

  • Replacement Revolving Facility has the meaning assigned to such term in Section 9.02(c)(ii).

  • Cannabis cultivation facility means a person that:

  • Interconnection Activation Date means the date that the construction of the joint facility Interconnection arrangement has been completed, trunk groups have been established, joint trunk testing is completed and trunks have been mutually accepted by the Parties.

  • Tanning facility means a place that provides access to tanning devices for compensation.