Termination Space definition

Termination Space shall have the meaning set forth in Section 6.6.1.
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Termination Space shall have the meaning set forth in Section 6.4.1. “Title Company” shall mean National Land Tenure and Title Associates, each as agent for Xxxxxxx Title Insurance Company and First American Title Insurance Company. “Title Insurance Policy” shall mean an ALTA mortgagee title insurance policy in the form reasonably acceptable to Administrative Agent issued with respect to the Property and insuring the lien of the Mortgage. “Transfer” shall have the meaning set forth in Section 4.2.1(a). “TRIPRA” shall have the meaning set forth in Section 5.1.1
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Termination Space is one of the following only: (1) The entire Demised Premises, as then constituted; or (2) Floor 8 and an unsubdivided 1/5 of the Lobby Space; or (3) Floors 4, 5, 6 and 7, the unsubdivided balance of the Lobby Space, the New Storage Space and the Parking Lot, together; or (4) the Original Storage Space.
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Examples of Termination Space in a sentence

  • In addition, if Tenant (directly or through any Transferee or other successor-in-interest of Tenant) remains in possession of the Termination Space after the Early Termination Date, Tenant's continued possession shall be on the basis of a tenancy at the sufferance of Landlord.

  • If the Termination Space is to be less than all of the Premises, in the Termination Notice, Tenant shall designate the Termination Space.

  • This Agreement contains the entire agreement between Landlord and Tenant relating to the partial termination of the Lease with respect to the Termination Space, and may be modified only by a writing signed by Landlord and Tenant.

  • Notwithstanding any partial termination of the Lease with respect to the Termination Space in accordance with the provisions of this Agreement, the Lease shall remain in full force and effect in accordance with its terms for the remaining portion of the Premises not terminated in accordance with the terms of this Agreement.

  • Provided that (i) Landlord has entered into leases with one or more replacement tenants for the entire Termination Space on or before April 15, 1999 and (ii) Tenant has paid to Landlord the Early Termination Fee on or before the date contained in Paragraph 3 below, the Lease shall terminate only with respect to the Termination Space on the Early Termination Date.

  • Acceptance by Landlord of rent after such termination shall not constitute a renewal or extension of the Lease with respect to the Termination Space; and nothing contained in this provision shall be deemed to waive Landlord's right of re-entry or any other right hereunder or at law.

  • No act or omission by Landlord, other than its specific written consent, shall constitute permission for Tenant to continue in possession of the Termination Space, and if such consent is given or declared to have been given by a court judgment, Landlord may terminate Tenant's holdover tenancy in the Termination Space at any time upon seven (7) days written notice.

  • In accordance with the terms of a Conditional Partial Lease Termination Agreement dated as of March 29, 1999 ("Termination Agreement"), Landlord and Tenant partially terminated the Revised Lease with respect to Suite 620 (the Termination Space") containing approximately 3,365 square feet of Rentable Area.

  • Notwithstanding any partial termination of the Lease in accordance with this Agreement, Tenant shall remain liable for all obligations of Tenant accruing under the Lease through the later of (x) the Early Termination Date, or (y) the date Tenant, and all subtenants actually vacate the Termination Space.

  • Within ten (10) days after the date Landlord has notified Tenant that Landlord has entered into one or more leases with replacement tenants for the entire Termination Space Tenant shall pay to Landlord the sum of Thirty-three Thousand Six Hundred Fifty and 00/100 Dollars ($33,650.00) as an "Early Termination Fee" for the partial termination of the Lease with respect to the Termination Space.


More Definitions of Termination Space

Termination Space shall have the meaning set forth in Section 4.4 hereof.
Sample 1
Termination Space means (i) in any case that Tenant shall have properly exercised the Termination Right as to the entire Premises, the entire Premises, and (ii) in any case that Tenant shall have properly exercised the Termination Right as to a Terminable Portion, the Terminable Portion described and delineated in Tenant's Termination Notice.
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Termination Space shall have the meaning specified in Section I.
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Termination Space shall have the meaning set forth in Section 6.6.1 hereof. DMEAST #17478116 v7 16
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Termination Space shall have the meaning set forth in Section 4.4 hereof. “True Up Payment” shall mean a payment into the applicable Account of a sum which, together with any applicable monthly deposits into the applicable Account, will be sufficient to discharge the obligations and liabilities for which such Account was established as and when reasonably appropriate. The amount of the True Up Payment shall be determined by Lender in its reasonable discretion and shall be final and binding absent manifest error. “Trustee” shall mean any trustee holding the Loan in a Securitization. “UCC” or “Uniform Commercial Code” shall mean the Uniform Commercial Code as in effect in the State. “UCC Financing Statements” means (a) the UCC Financing Statement filed with the Delaware Secretary of the State in connection with the Loan covering the collateral described therein, with Borrower as Debtor and Agent as Secured Party, and (b) the UCC Financing Statement filed with the Delaware Secretary of the State in connection with the Loan covering the collateral described therein, with Pledgor as Debtor and Agent as Secured Party. “Underwriter Group” shall have the meaning set forth in Section 13.2 hereof. “Underwritten Franchise Fees” shall mean an estimated amount of all application fees, franchise fees, contributions, reserves and other fees and expenses due and payable by Borrower pursuant to the Franchise Agreement, as calculated by Borrower, subject to Agent’s review and approval. “Underwritten NOI” shall mean Underwritten Operating Income less Underwritten Operating Expenses. Agent’s calculation of Underwritten NOI (including determination of items that do, and do not, qualify as Operating Income or Operating Expenses) shall be calculated by Agent in good faith and shall be final absent manifest error. “Underwritten Operating Expenses” shall mean projected annualized Operating Expenses based on a trailing twelve (12) month period adjusted upwards (but not downwards) by CPI and anticipated increases in Operating Expenses. Notwithstanding the foregoing or anything herein to the contrary, in the event Agent is not in possession of a trailing twelve (12) month period of Operating Expenses actually paid by Xxxxxxxx (or any predecessor-in-interest to Borrower in
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Related to Termination Space

  • Expansion Space means any space in the Building which, at any time during the Lease Term, is occupied by a Person other than Landlord under a written lease with Landlord, and the term “Tenant’s Expansion Space” means Expansion Space which Tenant has elected to lease as provided in this paragraph. Landlord agrees to notify Tenant promptly after Landlord learns that any Expansion Space is or will become available. Subject to the prior rights of other tenants to whom Landlord has granted substantially similar rights, Tenant has the option to lease any Expansion Space which Landlord notifies Tenant is or will become available. If Tenant gives Landlord notice of its exercise of this option within thirty (30) days after notification from Landlord of the availability of the Expansion Space and if no Event of Default exists when Tenant’s notice is given, this Lease will be deemed to be amended to include Tenant’s Expansion Space as part of the Premises for the remainder of the Lease Term upon all of the same terms contained in this Lease except that (i) the Rentable Area of the Premises will be amended to include Tenant’s Expansion Space; (ii) Tenant’s Share will be increased to include the rentable area of Tenant’s Expansion Space; (iii) the Term Commencement Date with respect to Tenant’s Expansion Space will be the earlier of sixty (60) days after the date on which Tenant’s Expansion Space becomes vacant and ready for occupancy (provided that date is at least sixty (60) days after Tenant exercises its option to lease the Expansion Space), or the date on which the Expansion Space is first occupied by Tenant; (iv) if Tenant’s Expansion Space contains a rentable area of 10,000 square feet or more, and if there are less than three (3) Lease Years remaining in the Lease Term, the Lease Term will be extended to include three (3) full years from the Term Commencement Date with respect to Tenant’s Expansion Space; and (v) subject to adjustment during each Fixed Rental Period as provided in Exhibit E, Basic Rent for each year of the remaining Lease Term (as it may be extended) will be the greater of (a) the Basic Rent last paid by the Person most recently occupying Tenant’s Expansion Space or (b) Market Rent determined as provided in the Rent Rider attached as Exhibit E. If Tenant exercises this option, Tenant’s Expansion Space will be leased to Tenant in its “as is” condition and Tenant will, at its expense and in compliance with the provisions of Section 7.06, design and construct all Improvements desired by Tenant for its use and occupancy. Landlord and Tenant agree to execute such amendments to this Lease and other instruments as either of them considers necessary or desirable to reflect Tenant’s exercise of this option.

  • Common space means an area on which two or more information functions (e.g. symbol) may be displayed, but not simultaneously.

  • Lease Termination Date means the last day of the Lease Term.

  • Exhibition Space means any space in the Exhibition Centre licensed to the Exhibitor by the Organisers for the purpose of the Exhibition under these Terms and Conditions and shall include shell (ready stand) spaces and nonshell (raw) spaces.

  • Storage Space means a space where goods of non-hazardous nature are stored and includes cold storage and banking safe vaults;

  • Subleased Premises means all that portion of the Leased Premises referred to as airport lot as outlined on the site diagram attached as Schedule "A" to this Sublease; and

  • Usable space means all the space on a pole, except the portion below ground level, the 20 feet of safety clearance space above ground level, and the safety clearance space between communications and power circuits. There is a rebuttable presumption that six feet of a pole are buried below ground level.

  • Leased space means a self−service storage unit or a space located within a self−service storage facility that a lessee is enti- tled to use for the storage of personal property on a self−service basis pursuant to a rental agreement and that is not rented or pro- vided to the lessee in conjunction with property for residential use by the lessee.

  • Rentable Area of the Premises The amount of square footage set forth in Section 1.01(10).

  • Work space means that portion of the court’s facilities dedicated to each court reporter, including but not limited to actual space in the courtroom and any designated office space.

  • Rentable Area of Premises on Page 1 of the Lease shall be deleted in their entirety and replaced with the following:

  • Landlord’s Work means the work of constructing the Tenant Improvements.

  • Lease Term means the term of this Lease which shall commence on the Commencement Date and continue for the period specified in Section J of the Summary.

  • Commencement Date means the date of this Agreement;

  • Available Space means the balance of the rentable square footage in the Building not already included as part of the Premises, which is not occupied by a tenant or which is occupied by an existing tenant whose lease is expiring within 6 months or less and such tenant does not wish to renew (whether or not such tenant has a right to renew) its occupancy of such space. If there is any Available Space in the Building, Landlord shall, at such time as Landlord shall elect so long as Tenant’s rights hereunder are preserved, deliver to Tenant written notice (the “Expansion Notice”) of such Available Space, together with the terms and conditions on which Landlord is prepared to lease Tenant such Available Space; provided that Base Rent shall be at the Market Rate (as defined in Section 40(a) below) for such Available Space. Tenant shall be entitled to exercise its right under this Section 39(a) only with respect to the entire Available Space described in such Expansion Notice (“Identified Available Space”). Tenant shall have 5 business days following delivery of the Expansion Notice to deliver to Landlord written notification of Tenant’s exercise of the Expansion Right with respect to the Identified Available Space (“Exercise Notice”). Tenant shall be entitled to lease such Identified Available Space upon the terms and conditions set forth in the Expansion Notice. If Landlord and Tenant are unable to agree on the Market Rate for the Available Space after negotiating in good faith within 5 days after Tenant’s delivery of an Exercise Notice, the applicable Market Rate will be determined through arbitration in accordance with Section 40(b). Tenant acknowledges and agrees that, if Tenant has delivered an Exercise Notice pursuant to this Section 39(a), Tenant shall have no right thereafter to rescind or elect not to lease the Available Space. Tenant acknowledges that the Term of the Lease with respect to the Identified Available Space may not be co-terminous with the Term of the Lease with respect to the original Premises. Notwithstanding anything to the contrary contained herein, Tenant shall have no right to exercise the Expansion Right and the provisions of this Section 39(a) shall no longer apply after the date that is 9 months prior to the expiration of the Base Term if Tenant has not exercised its Extension Right pursuant to Section 40. If Tenant fails to deliver an Exercise Notice to Landlord for the Identified Available Space within the required 5 business day period, Tenant shall be deemed to have forever waived its rights under this Section 39(a) to lease the Identified Available Space, and Landlord shall have the right to lease the Identified Available Space to any third party on any terms and conditions acceptable to Landlord.

  • Occupancy Date means the date on which occupancy of all Units in a Project is permitted;

  • Public premises means any hotel, restaurant, tavern, store, arena, hall, or other place of public accommodation, business, amusement, or resort.

  • Lease Termination Payments means all payments received by or on behalf of any Seller with respect to a Lease with respect to any terminations, surrenders, modifications, renewals or amendments of any such Lease.

  • Grave space means a space of ground in a cemetery that is used or intended to be used for an in-ground burial.

  • Termination Option means the option of either party to terminate a transaction in the event that the other party fails to perform a Firm obligation to deliver Gas in the case of Seller or to receive Gas in the case of Buyer for a designated number of days during a period as specified on the applicable Transaction Confirmation.

  • Parking Space The County shall attempt to provide adequate free parking facilities for employees within a reasonable distance of their work locations.

  • public open space means the securing of an area of a site at grade or street level which is acceptable to the City and is appropriately landscaped for the use and enjoyment of the public during reasonable hours.

  • Premises Building Total Destruction means if the Building of which the Premises are a part is damaged or destroyed to the extent that the cost to repair is fifty percent (50%) or more of the then Replacement Cost of the Building.

  • Parking space leasing data means the following government data on an application for, or lease of, a parking space: residence address, home telephone number, beginning and ending work hours, place of employment, location of parking space, and work telephone number.

  • Open space means undeveloped land, a naturally landscaped area, or a formal or man-made landscaped area that provides a connective link or a buffer between other resources.

  • Off-premises sign means a sign directing attention to a use, product, commodity or service not related to the premises upon which the sign is located.