Expansion Plans. Please summarize your expansion plans in narrative form. Indicate status of design and permit requirements, and expected date of initial operation of expansion (attach response on separate sheet, if necessary).
Expansion Plans. Following the Closing MOTG and SoundCity will pursue a nationwide expansion plan of SoundCity's model through accretive acquisitions and market expansion through agency relationships with existing or newly established retail locations. MOTG and SoundCity shall pursue this jointly, after the Closing, with the majority benefit of the activity conferred upon SoundCity and the Stockholders.
Expansion Plans. Lessor agrees that with regard to the Expansion Plans:
Expansion Plans. 4 Section 1.14 Excessive Sound Level ................................... 4 Section 1.15 Facility ................................................ 5 Section 1.16 Facility Fee ............................................ 5 Section 1.17 Gross Concession Revenues ............................... 5 Section 1.18
Expansion Plans. Expansion Plans" shall mean the final drawings, plans and specifications which have been prepared by Owner's architect and general contractor in connection with the proposed expansion of the capacity of the Facility to 13,000 persons, copies of which have been previously provided to Pavilion by Owner.
Expansion Plans. The Parties shall cooperate in good faith regarding the location of the future expansion of Seller’s Affiliates’ compression equipment included in the Excluded Assets to add additional compression reasonably required to fully utilize the designated capacity of the Big Xxxxx Pipeline (the “Big Xxxxx Compression Expansion”) and for Buyer’s expansion of the Processing Facilities following the Closing to include a 60 MMcf cryogenic gas processing plant (the “Xxxxxxx Plant 3”), as well as with respect to future expansions of the Processing Facilities and Big Xxxxx Pipeline. Following the date hereof, the Parties will select and engage the services of a mutually agreeable engineering firm (the “Engineering Firm”) to prepare plans (the “Xxxxxxx Site Development Plans”) that identify the location of the Big Xxxxx Compression Expansion and the Xxxxxxx Plant 3 on the site of the Processing Facilities, including all supply, discharge and any utility lines with respect thereto, as well as the interconnection of the Processing Facilities and the Big Xxxxx Compression Expansion. Both Parties will participate and consult with the Engineering Firm for the purpose of ensuring that, to the extent possible, the Xxxxxxx Site Development Plans, as well as any anticipated future expansions of the Processing Facilities and the Big Xxxxx Pipeline (e.g., by adding an additional residue gas line), utilize available space on the site of the Processing Facilities to accommodate Xxxxxxx Plant 3, the Big Xxxxx Compression Expansion, and such anticipated future expansions of the Processing Facilities and the Big Xxxxx Pipeline. The Parties shall use commercially reasonable efforts to cause the Engineering Firm to complete the Xxxxxxx Site Development Plans within 120 days of the date hereof. The Parties will each bear 50% of the cost of the Engineering Firm. After the Closing, the Parties agree to amend the Conveyance to specify the location and extent of Seller’s retained easement for purposes of accessing, operating and expanding the Big Xxxxx Pipeline compression included in the Excluded Assets.
Expansion Plans. If Tenant shall reject any aspect of such Proposed First Expansion Plans within the time and manner provided above, Landlord shall promptly make such revisions to the Proposed First Expansion Plans as may be necessary so as to bring them into substantial compliance with the matters set forth in the First Expansion Space Plan and shall provide Tenant with a revised First Expansion Cost Statement based on the cost of completing the work shown on the revised Proposed First Expansion Plans. Tenant shall approve or reject such revised Proposed First Expansion Plans and First Expansion Cost Statement within ten (10) days after receipt. Tenant shall not unreasonably withhold or delay its approval to such revised Proposed First Expansion Plans provided that they substantially comply with the First Expansion Space Plan. Failure of Tenant to respond within the time and manner herein provided shall be deemed a waiver of such right by Tenant and Tenant shall be deemed to have approved such revised Proposed First Expansion Plans and First Expansion Cost Statement as submitted by Landlord and to have authorized Landlord to proceed with Landlord's First Expansion Work in accordance therewith. Upon approval by both Landlord and Tenant, such working drawings and specifications shall be deemed to be Tenant's First Expansion Plans for all purposes under this Lease. The OBS Costs described in such revised and accepted First Expansion Cost Statement shall, for all purposes hereunder, be deemed to be "First Expansion OBS Costs". To the extent that Tenant shall request any changes or modifications to Tenant's First Expansion Plans (and provided that Landlord shall approve such changes, which approval will not be unreasonably withheld or delayed), Tenant shall pay the additional cost of completing Landlord's First Expansion Work resulting from such changes to Landlord as additional First Expansion OBS Costs hereunder as follows: 50% of costs shall be paid at the time of approval of such change and 50% shall be paid on the First Expansion Commencement Date and Landlord's approval of any such proposed changes shall be accompanied by a Statement of First Expansion OBS Costs and Tenant's Delay, if any, which will result from such changes. Similarly, all First Expansion OBS Costs shall be paid in the same manner, 50% prior to Landlord commencing work and 50% on the First Expansion Commencement Date. Landlord and Tenant shall, if requested by the other, execute a work letter confirming...
Expansion Plans. Upon receipt of the Notice to Proceed, Landlord --------------- promptly shall have an architect prepare drawings and specifications for the construction of the additional Building shell to contain the Expansion Space (the "Building Shell Expansion") and additional parking spaces at the ratio of six parking space per 1000 rentable square feet of the Expansion Space with 15% of such spaces being covered parking (the "Building Shell Expansion Plans and Additional Parking Spaces Plans") and shall submit them to Tenant within thirty (30) days of receipt of the Notice to Proceed. (Tenant acknowledges that under current City of Tempe building regulations no more than 835 parking spaces may be allowed for the Premises, including the Expansion Space.) The Building Shell Expansion shall meet the same specifications as that set forth in the Building Shell Outline Specifications, Exhibit B hereto. Within ten (10) days of receipt, Tenant shall review and approve the Building Shell Expansion Plans and Additional Parking Spaces Plans or advise Landlord of the specific changes reasonably necessary to the Building Shell Expansion Plans and Additional Parking Spaces Plans to make the Expansion Space and additional parking suitable for Tenant.
Expansion Plans. The parties hereto acknowledges and agree that (a) they both have long-term relationships with NCFE and understand the nature of NCFE's business, (b) Owner is currently planning on acquiring several additional pharmacies with total organizational revenue bases in excess of $80 million, (c) Owner would not enter into this Agreement absent assurances that Manager will work with reasonable diligence to comply with Owner's expansion plans and (d) Manager hereby provides those assurances.
