Creative Office Phase Clause Samples
Creative Office Phase. 2.0 spaces per 1,000 square feet of Floor Area (1.0 spaces per 1,000 square feet of which shall be shared in accordance with the Bergamot Area Plan); and
Creative Office Phase. If a Certificate of Occupancy has been issued for one Creative Office Building but no Certificate of Occupancy has been issued for a Residential Building, for purposes of this Section 2.7.1(d), the term “Trip Generation Limit” means the PM peak hour trip generation based on the EIR for the Creative Office Buildings: 367 trips prior to the Outside Building Permit Issuance Date or January 1, 2025, whichever is earlier, and 362 trips thereafter.
Creative Office Phase. If no building permit is issued for a Building in the Creative Office Phase prior to the Outside Building Permit Issuance Date or under 3.2.3 above, all rights and obligations under this Development Agreement pertaining exclusively to the Creative Office Phase, for which the obtaining of a building permit is a condition precedent, shall automatically terminate and be of no further force or effect. Notwithstanding the foregoing, if a building permit is issued for a Building in the Residential Phase, the obligations of the Developer(s) of the Residential Phase relating to improvements on the Creative Office Phase shall remain in full force and effect.