Commercial Space. Borrower must require that all nonresidential tenants' liability insurance policies include Borrower and the City as additional insureds, as their respective interests may appear. Throughout the term of any lease of Commercial Space in the Project, Borrower must require commercial tenants to maintain insurance as follows:
Commercial Space. The Project will contain, in the aggregate, approximately 24,940 square feet of non-residential, commercial space that will be comprised of 4,250 square feet of creative office/production space (provided that such space could be converted to retail space, depending on market conditions) and not less than 20,700 square feet of neighborhood-serving retail. 9,260 square feet of the neighborhood- serving retail space will front Colorado Avenue.
Commercial Space. The Project shall include approximately 22,870 square feet of retail space with active commercial uses on both Park Boulevard and Market Street, a minimum of 50,000 sf of office space generating uses such as corporate offices, research and development, and education and medical facilities, and approximately 14,638 sf of ground floor retail space.
Commercial Space. It is anticipated that portions of the Club Property may include retail and commercial space (“Commercial Space”) as the Club Owner may deem appropriate in the Club Owner’s sole and absolute discretion. The Club Owner may permit Members to access any Commercial Space located within the Club Property at the Club Owner’s sole and absolute discretion. The Club Owner may grant leases, franchises, licenses or concessions to commercial concerns on all or part of the Club Property including the Commercial Space (“Commercial User”). If a lease, franchise, license or concession agreement permits continuing use of the Club Facilities by anyone other than the Club Owner or Members, then the Club Owner shall require such Commercial User(s) to pay a fair and reasonable share of the Club Expenses as determined by the Club Owner in its sole and absolute discretion, and any such payments shall be a credit pro rata against the Club Charges payable by the Association and other Club Members. The Club Owner shall have no duty to account for any rents, fees or payments from Commercial User(s) or other third parties for the right to occupy and/or lease Commercial Space; all of such rents, fees and payments, if any, shall be the sole property of the Club Owner and shall not offset or reduce the Club Charges or the Association Membership Club Charges payable by the Association, Owners and Builders.
Commercial Space. Tenant will require that all nonresidential tenants' liability insurance policies include Tenant and the City as additional insureds, as their respective interests may appear. Throughout the term of any lease of Commercial Space, Tenant will require commercial tenants to maintain insurance as follows:
Commercial Space. (a) The Lessee will also be responsible for and pay all costs relating to the operation, maintenance, repair, capital renewal, and modernization of the Commercial Space, reasonable wear and tear excepted, including without limitation:
Commercial Space. Lessor shall use its best efforts to deliver the Commercial Space to Lessee within six months after the date of this Lease. In the event Lessor delivers said Commercial Space to Lessee within six months after the date of this Lease, then Lessee agrees that the "Premises" as defined in this Lease shall include the Commercial Space effective upon delivery to Lessee and all terms and conditions of the Lease shall apply to the Commercial Space, including but not limited to the basic rent as set forth in Paragraph 4.1(a)(i). Lessor agrees that if Lessor delivers said Commercial Space to Lessee within six months after the date of this Lease, then Lessor shall construct such improvements necessary to convert the Commercial Space to a study hall, in accordance with the terms of the Work Letter. In the event Lessor is unable to deliver the Commercial Space to Lessee within six months after the date of this Lease, then the basic rent payable by Lessee shall be as set forth in Paragraph 4.1(a)(ii) of the Lease. In addition, Lessor shall (i) construct such improvements to the Premises as are necessary to convert certain space therein into a study hall, in accordance with the terms of the Work Letter, and (ii) pay to Lessee the sum of One Hundred Fifty Thousand and 00/100 Dollars ($150,000.00). If Lessor is not able to deliver Commercial Space to Lessee as described above, Lessor agrees to give Lessee a right of first refusal on such space at such time as such space becomes available for lease on terms no less favorable than under the present lease of such space. Lessor agrees to not renew the existing lease of the Commercial Space or to extend the term thereof without the consent of Lessee.
Commercial Space. To the extent provided in a New Housing Lease, a New Housing Project may include designated commercial and/or retail space. The subleasing of such commercial and/or retail space will be the responsibility of the Concessionaire and will be conducted solely in accordance with the applicable Lease and the Project Operating Agreement and any restrictions on use contained therein.
Commercial Space. Subject to City approval, Tenant will either i) use the Commercial Space as programming space for PSH Residents at the Premises and in accordance with PSH Program Rules, or ii) sublease the Commercial Space to a commercial tenant for commercial services, which sublease will be subject to City’s approval in its sole discretion.