TOWER PARCEL definition
Examples of TOWER PARCEL in a sentence
Lender may require an inspection of the premises demised to Sidley Austin at the Tower Parcel at Borrowers’ expense prior to making a monthly disbursement in order to verify completion of the improvements for which the “Refurbishment Allowance” reimbursement is sought.
If such an event occurs, CGS-CIMB Futures shall in its absolute discretion determine the appropriate adjustments (if any) to the price and/or quantity of the CFD.Notice of any adjustments may be given to you as soon as reasonably practicable after the determination thereof.
Any options providing for early exercise or any shares of restricted stock shall provide for a repurchase option so that upon termination of the services of the stockholder, with or without cause, the Company or its assignee (to the extent permissible under applicable securities law qualification) retains the option to repurchase at cost.
If any portion of the Gas Company Space (or, if no Rollover Reserve Funds are on deposit with Lender, any other portion of the Tower Parcel) is demised to a tenant approved by Lender in its sole discretion pursuant to a Lease approved by Lender in its sole discretion, then the funds in the Gas Company Reserve Account shall be made available by Lender for Approved Leasing Expenses incurred by Tower Borrower with respect to such tenant.
Tower Borrower shall, as of the date hereof, enter into a Lease (the “Master Tower Lease”) with the Operating Partnership for the approximately 152,166 square feet of space at the Tower Parcel that is presently being leased to Xxxxx Day (the “Vacant Tower Space”), for a term commencing on November 4, 2006 and expiring on the date that is five (5) years from the date hereof (or August 7, 2011) and otherwise in form and substance satisfactory to Lender.
All certifications, permits, licenses and approvals, including certificates of completion and use and occupancy permits required for the legal use, occupancy and/or operation of the Tower Parcel as an office building and the Garage as a parking garage (collectively, the “Licenses”), have been obtained and are in full force and effect.
If Lessee does not terminate this Lease in accordance with the foregoing, this Lease shall remain in full force and effect as to the portion of the Tower Parcel remaining, except that the Rent shall be reduced in the same proportion as the rentable area of the Tower Parcel taken bears to the total rentable area of the Tower Parcel.
Furthermore, Xxxxxx shall not commit or suffer to be committed on the Tower Parcel or Easements, any waste, nuisance or unlawful act.
Lessee shall have the right to install utilities and to improve the present utilities, at Xxxxxx's expense, on the Tower Parcel and Easements (including, but not limited to, the installation of emergency power generators).
If, as of the date of execution of this Lease or hereafter, there is any mortgage, or other encumbrance affecting Lessor’s Tower Parcel, then Xxxxxx agrees to obtain from the holder of such encumbrance a Non-Disturbance and Attornment Agreement that Lessee shall not be disturbed in its possession, use and enjoyment of the Tower Parcel.