Improvements and Uses. The Lessee shall, at its sole cost and expense, cause the Stadium to be constructed, equipped, maintained and operated upon the Project Property. The Stadium shall be used for the purposes of a sports authority determined in Title 7, Part 67of the Tennessee Code Annotated. Lessor hereby stipulates and agrees that the uses set forth in the Stadium Lease (defined below) are in compliance with the terms of this Agreement and with the uses as determined in Title 7, Part 67of the Tennessee Code Annotated. Lessee covenants and agrees that it will use said Project Property for lawful purposes at all times.
Improvements and Uses. The Lessee shall cause the Stadium to be constructed, equipped, maintained and operated upon the Project Property, all in the manner provided in the Project Documents. The Stadium and any and all improvements relating thereto shall be the sole property of Lessee and/or StadCo as set forth in the Stadium Lease. The Stadium shall be used for those purposes permitted under Title 7, Chapter 67 of the Tennessee Code Annotated. Lessor hereby stipulates and agrees that the uses set forth in the Stadium Lease are in compliance with the terms of this Ground Lease and with the uses as determined in Title 7, Chapter 67 of the Tennessee Code Annotated. Lessee covenants and agrees that it will use said Project Property for lawful purposes at all times.
Improvements and Uses. The Lessor shall, at its sole cost and expense, cause the Building to be constructed and equipped. Suite B shall be used as an Ice Rink for the purposes of a sports authority determined in Title 7, Part 67 of the Tennessee Code Annotated. Lessee covenants and agrees that it will use said Suite B as an ice rink with concessions/restaurant/office/meeting space and appurtenant uses for lawful purposes at all times. In addition to Suite B, Lessee shall have access to and the non- exclusive right to use shared entry, shared parking, shared loading areas (the “Joint Use Areas”). Lessee shall (i) not cause any damage to such Joint Use Areas, (ii) repair any damage caused to the Joint Use Areas by Lessee, and (iii) cause its contractors to repair any damage to the Joint Use Areas caused by such contractors.
Improvements and Uses. The Lessee shall, at its sole cost and expense, use commercially reasonable efforts to cause a mixed-use development to be constructed, equipped, maintained and operated upon the Project Property, which development may be in phases at the discretion of Lessee. Such mixed use development is anticipated to have a project cost of at least $175,000,000 but will not be less than $150,000,000, and shall be developed and operated in accordance with all applicable governmental requirements imposed from time to time. If construction on such mixed-use development has not commenced on or before the two (2) year anniversary of the Commencment Date, Lessor may terminate this Ground Lease and neither party shall have any further liability or obligation to the other party thereafter except to the extent of outstanding rent or any valid indemnification claims that accrued prior to such termination date; provided however, Lessee shall have three one (1) year options to delay commencement of construction by notifying Lessor of such commencement delay and payment of $200,000 per option, which amount will be applied against rent payments due under Section 5 above.
