Subway Agreement definition

Subway Agreement means that certain Agreement by and among Borrower, the New York City Transit Authority, Ground Lessor and the City of New York, dated December 12, 2001, and recorded in the office of the Register of the City of New York on October 24, 2003 as CRFN #2003000433126.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Subway Agreement means that certain Agreement, dated as of December 12, 2001, among NYTB, The New York City Transit Authority, 42DP and the City, as the same may (subject to the provisions hereof) be amended, modified or supplemented and/or restated from time to time.

Subway Agreement as defined in Section 7.1(h).

Examples of Subway Agreement in a sentence

In the event of any conflict between the terms of this Lease and the terms of the Site 8 South Subway Agreement in respect of the performance of Tenant’s Subway Improvements, the terms of the Site 8 South Subway Agreement shall prevail.
Landlord and Tenant acknowledge and agree that any amendment or modification to the Subway Agreement which may expose Landlord to liability in excess of $25,000 shall not, in and of itself, be a reasonable basis for Landlord to withhold, condition or delay consent.
The construction of Tenant’s Subway Improvements shall be governed by the Site 8 South Subway Agreement and all applicable Legal Requirements; provided, however, that Landlord shall have the continuing right to review any modification to the Site 8 South Subway Agreement and to approve same solely to the extent that any such modification impacts the DUO.
It is understood that the Tenant’s Subway Agreement will require that the Company or its Members provide letters of credit to secure certain obligations of the Company under the Tenant’s Subway Agreement.
Borrower shall have delivered to Agent evidence satisfactory to Agent that (i) all zoning approvals required for the construction of the Project have been obtained and (ii) Borrower has complied with all requirements of the Subway Agreement to the extent required as of such date.
If either Member shall obtain a temporary or permanent certificate of occupancy in violation of Tenant’s Subway Agreement, the liquidated damages payable thereunder shall be allocated to the Members in accordance with their respective Percentage Interests.
As of the date of this lease, Tenant has assigned to Landlord, and Landlord has assumed from Tenant, the Subway Agreement.
Landlord hereby approves the design for Tenant’s Subway Improvements, as such design is depicted in the Site 8 South Subway Agreement as in effect on the date hereof.
Each Member shall be obligated to post a letter of credit in an amount corresponding to its Percentage Interest of the total amount of the letters of credit required under the Tenant’s Subway Agreement and to pay the fees and costs related thereto and for replacing its letter of credit if the same terminates prior to the date the letters of credit are released under the Tenant’s Subway Agreement.
The Subway Agreement is in full force and effect, neither Borrower is in default thereunder and, to the best of Borrower's knowledge, there are no conditions which, with the passage of time or the giving of notice, or both, would constitute a default thereunder.

More Definitions of Subway Agreement

Subway Agreement means, as the same may be amended, restated, supplemented or otherwise modified from time to time in accordance with the terms hereof, that certain Agreement, dated as of May 17, 2000, between Seven Thirty One Limited Partnership and New York City Transit Authority.

Subway Agreement means that certain Subway Agreement dated as of July 8, 1986 between Seller and Perennially Green, Inc. (all right, title and interest of Perennially Green Inc. therein having since been assigned to, and the obligations thereunder assumed by, Seller pursuant to that certain Assignment and Assumption of Subway Agreement dated April 16, 1987) with The New York City Transit Authority acting for itself and on behalf of The City of New York, and recorded in the Office of the City Register for Queens County, New York in Reel 2185, Page 1055, as modified by letter agreement dated March 27, 1987, and as further modified by Amendment to Subway Agreement dated July __, 1988.

Subway Agreement means that certain Agreement, dated as of December 12, 2001, among NYTB, The New York City Transit Authority, 42DP and the City, as the, same may (subject to the provisions hereof) be amended, modified or supplemented and/or restated from time to time.