Parking Lease definition
Examples of Parking Lease in a sentence
Commencing on the Effective Date and ending on the Building 2 Termination Date, Tenant shall be entitled to 361 spaces, and commencing on the Building 2 Termination Date and ending on the Building 1 Termination Date, Tenant shall be entitled to 224 spaces, all in addition to those spaces provided in and subject to the Parking Lease.
Sublandlord leases approximately nine hundred and eighty-five (985) parking spaces located in a multi-story parking facility (the “Parking Facility”) in Durham, North Carolina (the “Property”) pursuant to that certain Parking Lease Agreement for the North Garage dated .
During any period when a Parking Lease is in effect, any action that may be taken by Landlord hereunder with respect to the Project parking facilities is taken as an agent of the Parking Lessee.
At any time that a Parking Lease is in effect, any reference to “Landlord” in Sections 28.1 through 28.3 shall be a reference to both Landlord and the lessee under such Parking Lease (the “Parking Lessee”).
A Parking Lease Estoppel Certificate from parking lessee and Seller, substantially in the form attached hereto as Exhibit P; provided that Seller’s failure to deliver same shall not constitute a default of Seller hereunder, and Buyer’s sole remedy in the event Seller fails to deliver the same is to terminate this Agreement and receive a refund of its Deposit hereunder.